The Probiotics Dietary Supplements Global Market Report 2023 by The Business Research Company, provides probiotics dietary supplements market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Probiotics Dietary Supplements Global Market Report 2023, the global probiotics dietary supplements market size grew from $6.4 billion in 2022 to $6.89 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the probiotics dietary supplements market is expected to grow to $9.44 billion in 2027 at a CAGR of 8.2%.
The prevalence of digestive disorders is expected to propel the growth of the probiotic dietary supplements market. Digestive disorder refers to any health problem that occurs in the digestive tract. Increasing incidences of digestive disorders are due to poor nutrition, an unbalanced diet, and lifestyle change. The probiotic supplements help in curing digestive diseases like intestinal inflammation, urogenital infections, and antibiotic-associated diarrhea by fighting against bad bacteria along with good bacteria in humans’ intestines.
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The probiotics dietary supplements market is segmented:
1) By Source: Yeast, Bacteria
2) By Form: Capsules, Chewables And Gummies, Powders, Tablets And Softgels, Other Forms
3) By Distribution Channel: Business To Business, Business To Consumer
4) By Application: Infant Formula, Food Supplement, Specialty Nutrients, Nutritional Supplements
5) By End Use: Human Probiotics, Animal Probiotics
Strategic partnerships are shaping the probiotic dietary supplements market. The companies operating in the probiotics dietary supplements market are collaborating on the development of advanced dietary supplements. For instance, in June 2021, Kaged Muscle, a US-based sports nutrition company collaborated with Lonza Group AG, a Switzerland-based pharmaceutical manufacturing company to develop Lonza’s new probiotic ingredient in the US market named TWK10, which is expected to increase exercise endurance by up to 75%. Addtionallly, In June 2021, a Swedish company Probi partnered with Oriflame, Swiss multi-level marketing to introduce probiotic supplements across the world in the health segment.
The probiotics dietary supplements market report table of contents includes:
1. Executive Summary
2. Probiotics Dietary Supplement Market Characteristics
3. Probiotics Dietary Supplement Market Trends And Strategies
4. Probiotics Dietary Supplement Market – Macro Economic Scenario
5. Probiotics Dietary Supplement Market Size And Growth
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26. Africa Probiotics Dietary Supplement Market
27. Probiotics Dietary Supplement Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Probiotics Dietary Supplement Market
29. Probiotics Dietary Supplement Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Probi
- Vitakem Nutraceutical Inc
- Chr. Hansen Holding A/S
- ProbioFerm
- Probium
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