Probiotic Supplements Market Growth Rate to See 10.43% Rise in its CAGR by 2027

The Probiotic Supplements Market report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global market. The analysis includes market size, upstream situation, market segmentation, market segmentation, price & cost, and industry environment. In addition, the report outlines the factors driving industry growth and the description of market channels. The report begins with an overview of the industry chain structure and describes the upstream. Besides, the report analyses market size and forecast in different geographies, type, and end-use segment, in addition, the report introduces market competition overview among the major companies and companies profiles, besides, market price and channel features are covered in the report.

The global probiotic supplements market is projected to expand at a compound annual growth rate CAGR of 10.43% and will reach USD 3.28 Bn by 2027. Awareness about health and fitness is augmenting the need for nutritional diets and maintenance of healthy microbiota, thereby propelling the demand for probiotic supplements.

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Form segment insights:

Probiotics are consumed mostly in dry form as

• Capsules
• Powder
• Chewable
• Tablets

The rising adoption of gummies and chewable probiotic supplements is expected to increase the growth of the dry probiotics market across the world. The dry probiotic supplements segment held a market share of 83% in 2017. The development of dry probiotic supplements for chronic diseases will fuel the growth of the segment, at an expected CAGR of 10.15% during the 2018-2027 period.

Source segment insights:

Based on the source, the market was dominated by the bacteria-based probiotic supplements segment, with a 91% share in 2017. Most probiotic supplements include bacterial strains, of which, Lactobacillus sp and Bifidobacterium sp are used widely for the maintenance of healthy microbiota.

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Distribution channel segment insights:

The pharmacy store-based probiotic supplements segment was the leading contributor to the global probiotic supplements market, having generated 46% of the market value in 2017. However, the online store-based probiotic supplements segment is expected to witness the highest expansion, at a CAGR of 13.49% during the 2018-2027 period.

Market Segmentation

• Hypermarkets/Supermarkets
• Specialty stores
• Direct sales
• Online sales

The key online distribution channels for probiotic supplements include

• Amazon
• Costco
• The Vitamin Shoppe
• Others

Application segmentation insights:

The segment for gastrointestinal health will be the leading contributor to the global probiotic supplements market and is anticipated to contribute approximately 64% to the global market value by 2027. The reason for being the leading application segment can be attributed to the increasing prevalence of digestive diseases and diarrhea, due to changing food habits and lifestyle, especially in developing countries.

Based on the Application Segment:

• Gastrointestinal Health
• Immune Health
• Vaginal Health
• Urinary Tract Health
• Oral Health
• Others

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Regional insights:

The North America probiotic supplements market is projected to expand at a CAGR of 10.68% during the 2018-2027 period, leading to global revenue of USD 1483.1 Mn by 2027. Increasing awareness about the benefits of probiotic supplements and inclinations towards preventive care will aid the growth of the market. The Asia-Pacific probiotic supplements market is expected to expand at the highest CAGR of 11.34% between 2018 and 2027.

Companies covered:

• Sanofi
• The Procter & Gamble Company
• Novartis
• i-Health, Inc.
• Taisho Pharmaceutical Holdings Co., Ltd.
• BioGaia
• Bayer Group
• Probi AB
• RENEW LIFE
• Danisco A/S

Table of Content Covers the Topics mentioned below

1. Executive summary
2. Global Probiotic Supplements market – overview
3. North America Probiotic Supplements market – overview
4. Europe Probiotic Supplements market – overview
5. Asia-Pacific Probiotic Supplements market – overview
6. Latin America Probiotic Supplements market – overview
7. The Middle East and Africa Probiotic Supplements market – overview
8. Competitive landscape
9. Conclusion
10. Appendix

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