Market Overview:
The global probiotics supplement market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of probiotics supplements, rising demand for convenience foods and growing trend of self-medication. In addition, the increasing incidence of lifestyle diseases is also propelling the demand for probiotics supplements across the globe. On the basis of type, lactobacillus accounted for a major share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its numerous health benefits such as improved digestion, enhanced immune system function and better skin health. Bifidobacterium segment is projected to grow at a highest CAGR owing to its ability improve gut health and reduce inflammation levels in humans. Based on application, supermarkets held a dominant share in 2017 and this trend is anticipated continue during 2018-2030 owing increased consumer preference for ready-to-eat food items that are healthy.
Product Definition:
A probiotic supplement is a product that contains live bacteria and yeast. These microorganisms, also known as probiotics, are thought to promote gut health by helping to maintain the balance of good and bad bacteria in the digestive system. Probiotics may also improve immune function and help protect against harmful bacteria.
Lactobacillus:
Lactobacillus is a beneficial bacteria, which helps in enhancing the immune system of the human body. It also helps in reducing intestinal inflammation and maintaining gut health. Lactobacillus can be taken as a supplement or consumed through food products such as yogurt, kefir, and probiotic drinks.
Bifidobacterium:
Bifidobacterium is a gram-positive bacteria that belongs to the phylum Firmicute. Bifidobacterium can be found in soil, water, and plants. It plays an important role in supporting the digestive health of the host by enhancing nutrient absorption and preventing harmful bacterial growth.
Application Insights:
The supermarkets segment held the largest market share of more than 60.0% in 2017. The application of probiotics supplements in the supermarkets is to improve and maintain gut health by increasing the number of good bacteria in the human body. Probiotic-based products are available for purchase from refrigerated sections, shelves or cabinets dedicated to health and wellness products under various brand names such as Culturelle, VSL#3, Bio-K+, etc.
The retail pharmacies accounted for a significant market share owing to their wide product availability across countries worldwide along with its ease of access for consumers who prefer buying these types of supplements from pharmacies due to their convenient location and availability 24*7*. These stores also offer free consultation regarding medicines along with professional advice on diet plans, which drives demand among consumers seeking healthcare solutions at affordable prices.
Regional Analysis:
Europe was the largest market, accounting for more than 35.0% share of global revenue in 2017. The region is expected to maintain its dominance over the forecast period as well due to high demand for probiotics and rise in awareness regarding their health benefits among consumers. In addition, increasing number of retail pharmacies and online pharmacies are also contributing towards growth of this regional market.
Asia Pacific is anticipated to be the fastest-growing regional market at a CAGR exceeding 6.0% from 2018 to 2030 owing to rising consumer spending on healthcare products along with increasing prevalence of chronic diseases such as obesity.
Growth Factors:
- Increasing awareness about the benefits of probiotics supplements among consumers.
- Rising demand for probiotic-rich foods and beverages from health-conscious consumers.
- Growing number of research studies highlighting the health benefits of probiotics supplements.
- increasing incidence of gastrointestinal disorders and other lifestyle diseases that can be treated with probiotics supplements
Scope Of The Report
Report Attributes
Report Details
Report Title
Probiotics Supplement Market Research Report
By Type
Lactobacillus, Bifidobacterium, Others
By Application
Supermarkets, Retail Pharmacies, Online Pharmacies
By Companies
NOW Foods, Nature's Bounty Co., Nestle, Danone, NutriFlair, Pure Healthland, Number One Nutrition, Sorvita Nutra Products, LLC, SEROVERA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Probiotics Supplement Market Report Segments:
The global Probiotics Supplement market is segmented on the basis of:
Types
Lactobacillus, Bifidobacterium, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets, Retail Pharmacies, Online Pharmacies
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NOW Foods
- Nature's Bounty Co.
- Nestle
- Danone
- NutriFlair
- Pure Healthland
- Number One Nutrition
- Sorvita Nutra Products, LLC
- SEROVERA
Highlights of The Probiotics Supplement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lactobacillus
- Bifidobacterium
- Others
- By Application:
- Supermarkets
- Retail Pharmacies
- Online Pharmacies
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Probiotics Supplement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A probiotic supplement is a dietary supplement that contains live microorganisms, such as bacteria and yeasts, that are thought to improve gut health. Probiotics may help to improve the balance of good bacteria in the gut and reduce inflammation. Some people also use probiotics as a way to treat or prevent gastrointestinal problems, such as diarrhea, constipation, stomach pain, and IBS.
Some of the key players operating in the probiotics supplement market are NOW Foods, Nature's Bounty Co., Nestle, Danone, NutriFlair, Pure Healthland, Number One Nutrition, Sorvita Nutra Products, LLC, SEROVERA.
The probiotics supplement market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Probiotics Supplement Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Probiotics Supplement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Probiotics Supplement Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Probiotics Supplement Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Probiotics Supplement Market Size & Forecast, 2018-2028
4.5.1 Probiotics Supplement Market Size and Y-o-Y Growth
4.5.2 Probiotics Supplement Market Absolute $ Opportunity
Chapter 5 Global Probiotics Supplement Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Probiotics Supplement Market Size Forecast by Type
5.2.1 Lactobacillus
5.2.2 Bifidobacterium
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Probiotics Supplement Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Probiotics Supplement Market Size Forecast by Applications
6.2.1 Supermarkets
6.2.2 Retail Pharmacies
6.2.3 Online Pharmacies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Probiotics Supplement Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Probiotics Supplement Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Probiotics Supplement Analysis and Forecast
9.1 Introduction
9.2 North America Probiotics Supplement Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Probiotics Supplement Market Size Forecast by Type
9.6.1 Lactobacillus
9.6.2 Bifidobacterium
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Probiotics Supplement Market Size Forecast by Applications
9.10.1 Supermarkets
9.10.2 Retail Pharmacies
9.10.3 Online Pharmacies
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Probiotics Supplement Analysis and Forecast
10.1 Introduction
10.2 Europe Probiotics Supplement Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Probiotics Supplement Market Size Forecast by Type
10.6.1 Lactobacillus
10.6.2 Bifidobacterium
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Probiotics Supplement Market Size Forecast by Applications
10.10.1 Supermarkets
10.10.2 Retail Pharmacies
10.10.3 Online Pharmacies
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Probiotics Supplement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Probiotics Supplement Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Probiotics Supplement Market Size Forecast by Type
11.6.1 Lactobacillus
11.6.2 Bifidobacterium
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Probiotics Supplement Market Size Forecast by Applications
11.10.1 Supermarkets
11.10.2 Retail Pharmacies
11.10.3 Online Pharmacies
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Probiotics Supplement Analysis and Forecast
12.1 Introduction
12.2 Latin America Probiotics Supplement Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Probiotics Supplement Market Size Forecast by Type
12.6.1 Lactobacillus
12.6.2 Bifidobacterium
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Probiotics Supplement Market Size Forecast by Applications
12.10.1 Supermarkets
12.10.2 Retail Pharmacies
12.10.3 Online Pharmacies
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Probiotics Supplement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Probiotics Supplement Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Probiotics Supplement Market Size Forecast by Type
13.6.1 Lactobacillus
13.6.2 Bifidobacterium
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Probiotics Supplement Market Size Forecast by Applications
13.10.1 Supermarkets
13.10.2 Retail Pharmacies
13.10.3 Online Pharmacies
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Probiotics Supplement Market: Competitive Dashboard
14.2 Global Probiotics Supplement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NOW Foods
14.3.2 Nature's Bounty Co.
14.3.3 Nestle
14.3.4 Danone
14.3.5 NutriFlair
14.3.6 Pure Healthland
14.3.7 Number One Nutrition
14.3.8 Sorvita Nutra Products, LLC
14.3.9 SEROVERA
