Probiotic Supplements Market: Pharmacy Stores Distribution Channel Segment Poised to Register Highest Growth in the Women Probiotic Supplements Market

The global probiotic supplements market is projected to register a staggering expansion at 15.4% CAGR through 2027, according to a report by Future Market Insights (FMI). FMI’s report estimates the revenue amassed from global sales of probiotics to account for US$ 3,716.4 Mn in 2017. These revenues are further estimated to reach US$ 17,442.7 Mn by 2027-end.

Increasing consumption of antibiotics across the globe has resulted into imbalance of microbiota among individuals, and lowered the bacterial diversity as well as overall bacterial count in the gut. This has been propelling demand for probiotic supplements in order to cater additional supplementation of friendly bacteria in the body of individuals who consume excess antibiotics.

Probiotic supplements are also helping patients with vaginal and urinary tract infections. These factors are expected to fuel growth of the global probiotic supplements market.

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However, there is a limited availability of probiotic supplements in developing countries. Medical practitioners in these countries therefore have limited knowledge and awareness about probiotic supplements. Although manufacturers of probiotic supplements are taking huge steps in increasing awareness about associated benefits, consumers have not been reciprocating at similar threshold. Factors such as these are expected to impede growth of the global probiotic supplements market.

Lactobacillus bacteria is expected to remain dominant based on bacteria type, with over 50% share of the market. By formulation, sales of powder premixes will register highest CAGR in the market, while sales of capsules will reach US$ 946 Mn in 2017.

By bacteria, revenue amassed from bifidobacterium is anticipated to reach US$ 256 Mn in 2017. Based on formulation, sales of tablets are projected to register the highest 16.3% CAGR, to reach nearly US$ 1,400 Mn in revenues by 2027-end.

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Streptococcus is expected to register a relatively low CAGR in the market based on bacteria type. By formulation, sales of capsules are estimated to reach nearly US$ 1,700 Mn by 2027-end.

global revenues generated from sales of probiotics for women are expected to remain highest, expanding at 18.1% CAGR through 2027. Probiotic supplements for women are anticipated to account for over 50% share of the global probiotic supplements market during the forecast period.

Key market players identified in FMI’s report include Church & Dwight Co. Inc., DR. WILLMAR SCHWABE GROUP, The Clorox Company, i-Health, Inc., Jarrow Formulas, NOVA Probiotics, Natural Factors Inc., PharmaCare Laboratories, Total Nutrition, Inc., BioGaia AB, Lifeway Foods, Inc.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

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This release was published on openPR.