Global Probiotic Dietary Supplements Market
Global Probiotic Dietary Supplements Market Size More Than Doubles to Touch USD 39.5 Billion by 2029
Published | 29 June 2023
The global probiotic dietary supplements market is gaining traction because of the rising prevalence of gastrointestinal ailments and surging applications of bifidobacterium infantis.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global probiotic dietary supplements market size at USD 17.85 billion in 2022. During the forecast period between 2023 and 2029, the global probiotic dietary supplements market size is projected to grow at an impressive CAGR of 14.15% reaching a value of USD 39.48 billion by 2029. The global market for probiotic dietary supplements is expected to develop as the incidence of gut-related conditions such stomach ulcers, infections, and allergies rises and as consumer knowledge of preventive healthcare and immunity-boosting measures rises.
Global Probiotic Dietary Supplements Market – Overview
Probiotics are a mix of living, healthy bacteria and/or yeast that exist naturally in the human body. Probiotics come in many different forms. They consist of certain yeasts (such as Saccharomyces boulardii), bifidobacteria (such as Bifidobacterium bifidus), and lactobacilli (such as Lactobacillus acidophilus and Lactobacillus GG). Probiotic dietary supplements are now widely utilized as food additives and supplements, mostly to support a healthy digestive system. Irritable bowel syndrome, some forms of diarrhea, colitis (especially ulcerative colitis and pouchitis, a consequence of surgery for ulcerative colitis), acne, and eczema in children may all benefit from the use of certain probiotics.
Global Probiotic Dietary Supplements Market – By Application
Based on application, the global probiotic dietary supplements market is segmented into food supplements, nutritional supplements, specialty nutrients, infant formula, and others. The nutritional supplements segment holds the highest share of the global probiotic dietary supplements market. Probiotic supplements can aid in promoting the growth of beneficial bacteria while defending against bacteria that cause diseases. This collection of microbes is collectively referred to as the gut microbiota or gut microbiome, and it is essential to maintaining human health. In individuals aged 18 to 64, probiotic supplements may lower the risk of antibiotic-associated diarrhea.
Impact of COVID-19 on the Global Probiotic Dietary Supplements Market
The global probiotic dietary supplements market saw tremendous growth prospects due to the unprecedented COVID-19 pandemic. During the pandemic, demand for immunity-boosting drugs increased as people began spending more on their health. The surge in popularity of online retailers also significantly increased the market penetration of probiotic dietary supplements. During the lockdown, many online pharmacies and supermarket retailers provided discounts and contactless door delivery of their goods, considerably boosting the market growth.
Major players operating in the global probiotic dietary supplements market include Vitakem Nutraceuticals Inc, Lesaffre, DuPont de Nemours, Inc., H&H Groupm Symrise, ProbioFerm, Dietary Pros, Inc., Chr. Hansen Holding A/S, Dr. Joseph Mercola (Mercola Market), BASF SE, ADM, Amway, Abbott, Bayer AG, Glanbia Plc, and Pfizer Inc.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Probiotic Dietary Supplements Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Probiotic Dietary Supplements Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Probiotic Dietary Supplements Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Form (Chewable & Gummies, Capsules, Powders, Tablets & Soft Gels, Others); By End User (Infants, Children, Adults, Geriatric); By Application (Food Supplement, Nutritional Supplements, Specialty Nutrients, Infant Formula, Others); By Distribution Channel (Supermarkets & Hypermarkets, Pharmacy & Health Stores, Online Stores, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: June 2023
Increasing number of applications of saccharomyces boulardii to manage the rising prevalence of gastrointestinal ailments are expected to boost the growth of global probiotic dietary supplements market during the forecast period between 2023 and 2029.
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