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Singapore Probiotic Food Supplement Market Statistical Forecast, Growth Insights, and Trade Analysis (2024-2031) | Nano Singapore, Greenlife International Pte Ltd., Kordel's Singapore.
Singapore Probiotic Food Supplement Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Singapore Probiotic Food Supplement market from 2024 to 2031, and what is the market value expected to change by 2031?
The Singapore probiotic food supplement market recorded a value of US$ 17.02 million in 2023 and is expected to reach a value of US$ 23.33 million in 2031, growing at a CAGR of 8.22% during the forecast period (2024-2031).
What is Singapore Probiotic Food Supplement Market?
The Singapore probiotic food supplement market focuses on products that contain live beneficial bacteria aimed at improving digestive health and overall wellness. This market is growing due to increasing consumer awareness of gut health, rising health consciousness, and a trend toward preventive healthcare. The demand for probiotic supplements is being driven by factors such as the rising prevalence of digestive disorders, an aging population, and a growing interest in natural and functional foods. Additionally, innovations in probiotic formulations and delivery methods, along with the expansion of retail channels, are enhancing market accessibility. As Singaporeans prioritize health and wellness, the probiotic food supplement market is expected to continue its upward trajectory.
Growth Driver
Increasing Popularity of Personalized Nutrition
With rising awareness of individual nutritional needs based on genetics, lifestyle, and health conditions, there is a growing demand for personalized dietary solutions that move away from the traditional one-size-fits-all approach. This trend is especially notable in the probiotic segment, where personalized nutrition can target specific gut health issues, enhance immune support, and help achieve various wellness goals. As consumers seek more tailored options that cater to their unique needs, the market for personalized nutrition is poised for significant expansion.
Key Players:
Profiles of some of the major players in the global Singapore Probiotic Food Supplement market, which include Nano Singapore, Greenlife International Pte Ltd., Kordel's Singapore, Holistic Way, Bio Health Link Pte Ltd., LAC Global Pte. Ltd., Ocean Health Pte Ltd., Best World International Ltd., Naturext, and NutriLife Singapore.
Industry Development:
In December 2022, DKSH Business Unit Healthcare launched two new probiotic products under its brand, Probi by DKSH, in Singapore. Formulated and supplied by Probi AB, known for its expertise in developing probiotics that promote health beyond gut health, these products mark a significant addition to DKSH's offerings. The company will spearhead marketing efforts for these innovative products, further solidifying its role as a key partner for healthcare companies looking to expand in Asia and beyond.
In April 2022, GenieBiome, a Hong Kong-based firm, introduced its research-backed probiotics, G-NiiB Immunity Plus, in Singapore. This product aims to accelerate recovery in COVID-19 patients and is now accessible at major pharmacies like Guardian and Watsons, as well as popular e-commerce platforms such as Shopee and Lazada.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Singapore Probiotic Food Supplement market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Ingredient: Lactobacillus, Streptococcus, Bifidobacterium, Others.
By Dosage: Tablet, Capsules, Liquid, Powder, Others.
By Application: Gastrointestinal Health, Vaginal Health, Urinary Tract Health, Oral Health, Anti/Healthy Ageing, Allergies/Asthma, Others.
By Age: Infant, Children, Adults, Seniors.
By Distribution Channel: Supermarkets/Hypermarkets, Pharmacies and Drug Stores, Convenience Stores, Online Retailers, Other Distribution Channels.
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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