Probiotic Dietary Supplements market forecast 2023-2032 - major trends, lucrative segments and fastest growing regions

As per The Business Research Company's Probiotic Dietary Supplements Opportunities And Strategies Market Report 2023, The probiotic dietary supplements market reached a value of nearly $6,395.5 million in 2022, having grown at a compound annual growth rate (CAGR) of 7.7% since 2017. The market is expected to grow from $6,395.5 million in 2022 to $9,437.9 million in 2027 at a rate of 8.1%. The market is then expected to grow at a CAGR of 9.3% from 2027 and reach $14,748.3 million in 2032.

The increasing number of diseases is shifting consumers' focus on healthy eating, which in turn, is projected to boost the demand for probiotic products. According to the National Center for Complementary and Integrative Health, a US-based research agency about complementary health products and practices, probiotics have shown promise in helping ease diarrhea, ulcerative colitis and periodontal disease along with benefits associated to a stronger immune system. According to the Centre for Disease Control and Prevention (CDC), a US-based national public health agency, heart disease is a leading cause of death in the USA, with about 647,000 Americans dying from heart disease every year, which is one out of every four deaths. The World Health Organization (WHO) estimates that chronic disease contributed 73% of all deaths and 60% of the burden of disease, globally. Moreover, 79% of deaths owing to chronic diseases occur in developing nations. The global prevalence of diabetes is anticipated to increase to 366 million by 2030.

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The companies in the probiotic dietary supplements market are focusing on the introduction of dairy-free probiotics. Dairy-free probiotic are probiotic foods and supplements that do not contain milk or other products from cows or other livestock. Major companies operating in the probiotic dietary supplements market are focused on developing dairy-free probiotics to sustain their market position.

The top opportunities in the probiotic dietary supplements market segmented by source will arise in the bacteria segment, which will gain $2,397.2 million of global annual sales by 2027. The top opportunities in segment by form will arise in the capsules segment, which will gain $1,059.4 million of global annual sales by 2027. The top opportunities in segment by distribution channel will arise in the business to business segment, which will gain $2,402.8 million of global annual sales by 2027. The top opportunities in segment by application will arise in the food supplement segment, which will gain $1,624.2 million of global annual sales by 2027. The top opportunities in segment by end use will arise in the adults segment, which will gain $1,627.4 million of global annual sales by 2027. The probiotic dietary supplements market size will gain the most in the USA at $914.8 million.

Probiotic Dietary Supplements Market Segmentation:

The Probiotic Dietary Supplements market is segmented by form, by distribution channel, by application and by end use.

By Source-
a) Yeast
b) Bacteria

By Form -
a) Capsules
b) Chewables And
c) Powders
d) Tablets And Softgels
e) Other Forms
By Distribution Channel -
a) Business To Business
b) Business To Consumer
By Application -

a) Food Supplement
b) Specialty Supplement
c) Infant Formula
By End Use -
a) Infants
b) Children
c) Adults
d) Geriatric

Major players in the Probiotic Dietary Supplements market include Reckitt, Benckiser LLC, Procter & Gamble, International Flavors & Fragrances (IFF), Co Inc, Koninklijke DSM NV

The regions covered in the global Probiotic Dietary Supplements market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Probiotic Dietary Supplements Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Probiotic Dietary Supplements Market Report Table Of Content

1. Probiotic Dietary Supplements Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Probiotic Dietary Supplements market
……
19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Probiotic Dietary Supplements Market, Conclusions And Recommendations
23. Appendix

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