Probiotics Dietary Supplements Market: Horizon 2028

Probiotics Dietary Supplements Market: Horizon 2028 - Opportunities and Challenges Insights - TechSci Research

Posted 2023-09-26 08:30:55

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Global Probiotics Dietary Supplements Market: A Path to Holistic Wellness

In the TechSci Research report, "Probiotics Dietary Supplements Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the Global Probiotics Dietary Supplements Market reached a valuation of USD 17.93 billion in 2022 and is set to witness an impressive Compound Annual Growth Rate (CAGR) of 13.90% during the forecast period spanning from 2024 to 2028. This growth story is intricately woven with several influential factors and evolving consumer trends.

Global Market Reach and Emerging Economies

The probiotics dietary supplements market is not confined to a specific region; its influence spans across North America, Europe, Asia-Pacific, and beyond. Emerging economies are experiencing a surge in demand for probiotics as consumer awareness spreads, opening up additional growth avenues. The global accessibility of probiotics creates a vast market footprint.

The Evolution of Wellness as a Lifestyle

Consumers are adopting holistic approaches to health, embracing practices such as regular exercise, mindfulness, and dietary choices that incorporate probiotics. The concept of wellness has evolved from a trend into a lifestyle. This shift in mindset is driving the continued growth of the probiotics market as individuals seek comprehensive well-being.

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The Appeal of Probiotic Dietary Supplements

The popularity of probiotic dietary supplements is steadily rising due to their convenience. Available in various forms such as powders and chewable tablets, these supplements come in enticing flavors like apple, orange, and raspberry. Typically containing lactic acid bacteria, with a focus on strains like Streptococcus thermophilus and Lactobacillus, these supplements play a vital role in regulating the digestive system and fortifying the immune system. Lactobacillus, in particular, has demonstrated its effectiveness in treating a range of conditions, from diarrhea and high cholesterol to skin disorders and irritable bowel syndrome.

Innovative Formulations and Collaborations

Manufacturers are actively engaged in developing new probiotic formulations harnessing the power of beneficial bacteria. For instance, Lonza collaborated with Kaged Muscle in June 2021 to introduce sports supplements in the U.S. market that incorporate Lonza's innovative probiotic ingredient, TWK10. Derived from Taiwanese kimchi, TWK10, a strain of L. Plantarum, is expected to enhance exercise endurance significantly.

Investment in Health

Despite the challenge of higher product prices, consumers are increasingly willing to invest in their health, further fueling market growth. Additionally, the substantial increase in healthcare spending in emerging economies like China, Italy, Brazil, and India is projected to drive demand for probiotic supplements and contribute to overall market expansion.

Market Segmentation

The Global Probiotics Dietary Supplements Market is segmented based on:

Application: The largest market share is expected to be held by the general health category in 2022, with significant growth anticipated in the "others" segment during the forecast period. This category encompasses probiotic supplements designed to address various health aspects such as insomnia, sexual wellness, mood enhancement, vision improvement, and urinary and nervous system functions.

Enhancing Mood and Mental Well-being

Certain probiotic supplements aim to enhance mood by fostering the growth of beneficial gut bacteria, which has been linked to positive effects on mental health. Probiotics also play a role in reducing symptoms of anxiety and depression by influencing the production of neurotransmitters like serotonin.

Regional Dominance and Emerging Markets

North America leads the market, driven by an increasing number of health-conscious consumers and a growing interest in products that promote gut health. In contrast, the Middle East and Africa are emerging as promising markets for probiotic dietary supplements, with a younger and increasingly employed population that places a heightened emphasis on health and well-being.

Major companies operating in Global Probiotics Dietary Supplements Market are:

Vitakem Nutraceutical Inc
Lesaffre International Corp
DuPont de Nemours Inc
H&H Group PLC
Amway Corp
Abbott Laboratories Inc
Bayer AG
Pfizer Inc.
GSK PLC
BASF SE

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“The global probiotics dietary supplements market is poised for a dynamic and transformative future. Personalization, targeted formulations, diverse strains, and the integration of probiotics into everyday products are just a few of the trends reshaping the industry. As consumers become increasingly proactive about their health and wellness, the probiotics market will continue to evolve to meet their evolving needs. Manufacturers and industry stakeholders that embrace these emerging trends are well-positioned to thrive in this vibrant and ever-expanding market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Probiotics Dietary Supplements Market By Form (Chewables & Gummies, Capsules, Powders, Tablets & Softgels, Others), By End-use (Infants, Children, Adults, Geriatric), By Applications (Sports Fitness, Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Skin/Hair/Nails, Brain/Mental Health, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Probiotics Dietary Supplements Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Probiotics Dietary Supplements Market.

What Will You Get in the Sample Report?

The sample report provides comprehensive insights into the Global Probiotics Dietary Supplements Market, including market size, driving factors, and emerging trends. It delves into the evolving concept of wellness, the appeal of probiotic dietary supplements, and the role of innovation in market growth.

Who Will Benefit from This Report?

Business Stakeholders: Gain valuable insights into market opportunities and the potential for growth within the global probiotics dietary supplements market.
Researchers and Analysts: Understand the key factors driving market evolution and the expanding landscape of probiotic dietary supplements.
Medical Professionals: Stay informed about the therapeutic applications of probiotic supplements and their impact on overall health.
Manufacturers: Discover opportunities for product innovation and collaboration within the probiotics dietary supplements market.
Consumers: Learn about the benefits of probiotic supplements and their role in promoting holistic well-being.