Technological advancements in the field of molecular biology and gene sequencing are allowing researchers and scientists to develop new probiotic formulas that are tailored to consumer requirements. The global probiotic supplements market is projected to register a CAGR of 15% during the forecast period (2019-2027).
Manufacturers are focusing on product differentiation on the basis of functional properties, multi-strain supplements, unique flavors, new product formats (gummies), and novel packaging formats to target specific consumer groups.
Though probiotic supplements have been largely considered to be beneficial for gut health, their potential side-effects such as nausea and headache still continue to limit sales to a certain extent. However, continued efforts in development of specific probiotic strains with significantly less or no side effects will be an important factor shaping sales of probiotic supplements in the near future.
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The probiotic supplements market is expected to register robust growth during the forecast period. Nutritional supplements have been and are likely to continue their dominance in the probiotics dietary supplements market, on account of the rising awareness about preventive healthcare. Benefits provided by nutritional supplements that include bringing improvements in digestion and bone density of individuals are likely to uphold the popularity of probiotic supplements during the forecast period.
A significant boost to the probiotic supplements has come from the COVID-19 crisis. While the demand for other commodities witnessed a slug, probiotic supplements were and are able to garner sales from individuals, on the back of their increased reliance on additional supplements to boost their immunities. Moreover, it is found that the focus of manufacturers has been on the diversification of their product portfolios. As a result, new-age specific products are introduced in the probiotic supplements market.
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PROBIOTIC SUPPLEMENTS MARKET TAXONOMY
The global probiotic supplements market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Bacteria
- Lactobacillus
- Streptococcus
- Bifidobacterium
- Others
End Use
- By Women
- By Function
- Immunity & Digestive health
- Urogenital Health
- Vaginal Health
- Urinary Tract Infections
- Pregnancy
- Weight Management
- Others
- By Form
- Tablet
- Capsules
- Liquid
- Powder Premixes
- By Function
- By Seniors
- By Formulation
- Tablet
- Capsules
- Liquid
- Powder Premixes
- By Kids
- By Form
- Powder Premixes
- Tablets
- Gummies/Chewables
- Lozenges
- Liquid & Gels
- By Form
Distribution Channel
- Hypermarket/ Supermarket
- Specialty Stores
- e-Commerce
- Pharmacy Stores
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- MEA
- Japan
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FREQUENTLY ASKED QUESTIONS ABOUT PROBIOTIC SUPPLEMENTS MARKET
What drives the probiotic supplements market?
Probiotics supplements market is forecast to grow at an impressive pace, primarily due to the rising popularity of probiotics yoghurts. As consumer awareness regarding health benefits of probiotic supplements grows on account of increasing research initiatives, the popularity of these products will continue to rise.
Which factors may restrict growth of the probiotic supplements market?
Stringent regulations imposed on the use of probiotics in nutricosmetics, nutraceutical, infant formula, and dairy supplements, especially in countries such as the U.S. may restrict the market growth to an extent.
Which region will lead the global sales of probiotic supplements?
North America and Europe are likely to remain most lucrative markets for probiotic supplements because of their easy available in the regions. In addition, Asia Pacific excluding Japan will represent a multi-million dollar business, as the regional market expands at a robust pace.
Which segment in terms of bacteria offers most lucrative growth opportunities in probiotic supplements market?
Probiotic supplements based on lactobacillus accounted for the half of global sales in 2018. This, coupled with a buoyant y-o-y rise of 9.5% CAGR, makes lactobacillus segment highly lucrative.
Which is the most preferred distribution channel in probiotic supplements market?
Pharmacy stores are likely to remain mainstay of probiotic supplements market. However, in the coming years ecommerce will emerge as a highly lucrative category.