Latest Report Titled On:- Global Probiotic Dietary Supplement Market – Growth, Trends, and Forecast (2018-2023)
Global “Probiotic Dietary Supplement Market” report provides a detailed analysis of the market from 2018 to 2023. Probiotic Dietary Supplement market report focuses on market capacity, share, current market trends and upcoming future predictions. Global Probiotic Dietary Supplement Market is expected to register a CAGR of approximately 6.04% during the forecast period of (2018 – 2023).
360 MARKET UPDATES Report provides a 360-degree overview of the global Probiotic Dietary Supplement Market with special emphasis on all aspects including CAGR Status, drivers, restraints, and opportunities, market and regional segmentation.
Probiotic Dietary Supplement Market Report Covers Leading Manufacturers: Bifodan, BioCare Copenhagen, BioGaia, Chr. Hansen Holding A/S, Contract NUTRA, Custom Probiotics, Inc., Daflorn, Deerland Enzymes, Lallemand, Mercola Probiotics, Nebraska Cultures, Nutraceutix
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The global probiotic dietary supplement market value is expected to reach USD 48.32 billion by 2023. The use of probiotics as a primary ingredient in sports nutrition is becoming a popular trend. For instance, companies like Ingredion, GoodBelly, and NextFoods Inc., are aiming to tap into the sports drink market, by improving their products using probiotics.
The demand for preventive medicine industries is on the rise, due to the high number of baby boomers suffering from digestive ailments, the higher interest of middle-aged adults in maintaining digestive health, along with the lack of balanced dietary intake.
The probiotic dietary supplements industry is highly competitive, and there is a huge opportunity for probiotic dietary supplements, with innovations such as personalized nutrition, vegan probiotic dietary supplements, etc.
The probiotic dietary supplements market is segmented by type into sports & energy supplements, food supplements, nutrition supplements, infant formula, and others. Nutrition supplements and infant formula are expected to register a CAGR of 6.04%.
The specialty nutrients segment has developed as one of the leading segments. Easy accessibility of specialty nutrient products and their health benefits have added to the growth of the segment in the recent past, and this trend is expected to continue over the forecast period.
Europe dominated the global market for probiotic dietary supplements, with around one-third of market share. Strong consumer awareness regarding probiotics usage, easy availability, and the presence of major industry manufacturers and their focus towards product innovation are expected to play a key role in the rapid growth of the market. Asia-Pacific is emerging as the fastest growing probiotic supplement market and is expected to witness a CAGR of 8.1% over the next five years. Increasing population and rising standards of living, owing to the increase in disposable incomes, are the key reasons for the demand.
March 2017 – General Mills venture fund made an investment in Farmhouse Culture, a maker of probiotic-rich foods and beverages.
June 2016 – Bacillus subtilis MB40, a unique strain of probiotics that is safe for consumption, is manufactured in BIO-CAT OPTI-BIOME. The strain provides a better shelf-life and does not require refrigeration, making it ideal for inclusion not just in supplements, but in bars and powders as well.
Major players – BIFODAN, BIOCARE COPENHAGEN, BIOGAIA, CHR. HANSEN HOLDING A/S, CONTRACT NUTRA, CUSTOM PROBIOTICS, INC., DAFLORN, DEERLAND ENZYMES, LALLEMAND, MERCOLA PROBIOTICS, NEBRASKA CULTURES, NUTRACEUTIX, among others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porters five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information,
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Reasons to Purchase Probiotic Dietary Supplement Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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