Market Survey: Probiotic Dietary Supplement Market 2020 is Anticipated to Reach US$ 6.04% Billion by 2023

Probiotic Dietary Supplement Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Probiotic Dietary Supplement market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Probiotic Dietary Supplement Market report is anticipated to register a CAGR of 6.04% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Probiotic Dietary Supplement Market are –

  • Bifodan
  • BioCare Copenhagen
  • BioGaia
  • Chr. Hansen Holding A/S
  • Contract NUTRA
  • Custom Probiotics
  • Inc.
  • Daflorn
  • Deerland Enzymes
  • Lallemand
  • Mercola Probiotics
  • Nebraska Cultures
  • Nutraceutix

Market Insights

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.

Market Dynamics

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.

Market Segmentation

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.

Regional Analysis

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.

Key Developments

• 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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Scope of the Report:

The report analyses Probiotic Dietary Supplement market, which includes –

  • Analysis of the growth of Probiotic Dietary Supplement market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Probiotic Dietary Supplement market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Probiotic Dietary Supplement market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Probiotic Dietary Supplement market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Probiotic Dietary Supplement Market Report:

  • Varying dynamics of the Probiotic Dietary Supplement industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Probiotic Dietary Supplement market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Probiotic Dietary Supplement market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Probiotic Dietary Supplement Market Report:

  • The report analyses how stringent emission control norms will drive the global Probiotic Dietary Supplement market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Probiotic Dietary Supplement market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Probiotic Dietary Supplement:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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