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Probiotics Dietary Supplements Market worth $71.27 billion by 2030, growing at a CAGR of 10.51% - Exclusive Report by 360iResearch
Probiotics Dietary Supplements Market | 360iResearch
The Global Probiotics Dietary Supplements Market to grow from USD 35.40 billion in 2023 to USD 71.27 billion by 2030, at a CAGR of 10.51%.
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Probiotic dietary supplements are formulations intended to deliver live microbial ingredients to the gut and confer health benefits to the host. These supplements typically contain strains of beneficial yeasts or bacteria. They are designed to support the balance of the gut microbiota, aid digestion, and contribute to overall gut health and immune function. Available in various forms such as capsules, powders, liquids, or chewable, probiotic dietary supplements serve as an adjunct to a balanced diet for individuals looking to enhance their gastrointestinal well-being through non-pharmaceutical means. Increased awareness of gut health and its link to overall wellness is a significant driver for the probiotics dietary supplements market. The rise in digestive disorders, the aging population, and the growing preference for preventive healthcare further stimulate demand for these products. The market faces challenges related to stringent regulations and the need for extensive clinical research to substantiate health claims. Variability in strains' quality and stability during storage and use raises concerns about the efficacy of products, affecting consumer trust and acting as a hindering factor for the market. However, the trend toward personalized nutrition has opened new avenues for customized probiotic formulations. Innovations in strain development and encapsulation technologies may improve product efficacy and heightened focus on women's health, immune support, and mental well-being offers new product positioning opportunities.
The probiotics dietary supplements market in the Americas has been observing robust growth, primarily driven by heightened consumer awareness about gut health and overall well-being. The United States, with the presence of significant probiotics manufacturers and a surge in demand for functional foods and dietary supplements, contributes majorly to this growth. Furthermore, regulatory support from agencies, including the Food and Drug Administration (FDA), provides a conducive environment for market growth. The probiotics dietary supplements market in Europe is mature, with a well-established consumer base, particularly in France, Germany, and the UK. Consumer preferences for high-quality, science-backed probiotics propel companies to invest in research and development in this region. European regulatory scrutiny ensures the products meet stringent quality standards, reinforcing consumer trust. The Middle East and Africa present emerging markets with potential growth owing to rising health awareness and disposable incomes. The APAC region is experiencing the fastest-growing market for probiotics dietary supplements, attributed to rising health consciousness, increasing purchasing power, and widespread urbanization. China's large consumer base and growing elderly population are key drivers, while a long-standing tradition of probiotics consumption for health guides Japan's market. India is witnessing growth due to rising awareness and lifestyle diseases.
Market Segmentation & Coverage:
This research report categorizes the Probiotics Dietary Supplements Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Form, market is studied across Capsules, Chewables & Softgels, Powders, and Tablets. The Powders is projected to witness significant market share during forecast period.
Based on Application, market is studied across Medical and Sports & Fitness. The Sports & Fitness is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Adults, Children, Geriatric, and Infants. The Children is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.28% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Probiotics Dietary Supplements Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Probiotics Dietary Supplements Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Probiotics Dietary Supplements Market, highlighting leading vendors and their innovative profiles. These include Aenova Holding GmbH, Archer Daniels Midland Company, BASF SE, BioGaia AB, Chr. Hansen Holding A/S, Custom Probiotics, Inc., Danone S.A., DuPont de Nemours, Inc., Herbaland, International Flavors & Fragrances, Inc., Leucine Rich Bio, Lonza Group AG, Nature's Bounty (NY) Inc., Nestlé S.A., NOW Health Group, Inc., NutriFlair, Optibac Probiotics by Wren Laboratories Ltd., Ora Organic, Probi AB, Probium by Dietary Pros, Inc., Procter & Gamble Company, Reckitt Benckiser Group PLC, Roquette Frères, Royal DSM, SC Nutra, Wellbeing Nutrition, and Yakult Danone India Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Probiotics Dietary Supplements Market, by Form
7. Probiotics Dietary Supplements Market, by Application
8. Probiotics Dietary Supplements Market, by End-User
9. Probiotics Dietary Supplements Market, by Distribution Channel
10. Americas Probiotics Dietary Supplements Market
11. Asia-Pacific Probiotics Dietary Supplements Market
12. Europe, Middle East & Africa Probiotics Dietary Supplements Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Probiotics Dietary Supplements Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Probiotics Dietary Supplements Market?
3. What is the competitive strategic window for opportunities in the Probiotics Dietary Supplements Market?
4. What are the technology trends and regulatory frameworks in the Probiotics Dietary Supplements Market?
5. What is the market share of the leading vendors in the Probiotics Dietary Supplements Market?
6. What modes and strategic moves are considered suitable for entering the Probiotics Dietary Supplements Market?
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