Probiotic Supplements Market Expanding at a CAGR of 4.64% during 2022-27

The Global Probiotic Supplements market is projected to grow at a CAGR of around 4.64% during the forecast period, 2022-27.

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Aug 28, 2024 - 12:39
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Probiotic Supplements Market Expanding at a CAGR of 4.64% during 2022-27

Global Probiotic Supplements Market Overview:

MarkNtel Advisors has recently published a detailed research report on the Global Probiotic Supplements Market. The report is specifically tailored to offer valuable insights and support for clients navigating this dynamic market. It focuses on key objectives such as predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners.

Probiotic Supplements Market Insights and Analysis

The Global Probiotic Supplements Market is projected to grow at a CAGR of around 4.64% during the forecast period, i.e., 2022-27. Our comprehensive report provides a thorough examination of market players, opportunities, and valuable insights, equipping our clients with the indispensable information needed to make well-informed decisions within this dynamically evolving environment.

In case you missed it, we are currently revising our reports. Click on the "request sample report" button to get the latest research data with forecast for the years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.

Insights into Dominant Segments in the Probiotic Supplements Market

By analysing each Segments, including

-By End User

  • Infants (0 to 3)
  • Kids (3.1 to 15)
  • Adults (Above 15)

Among the three, the Adults acquired a notable market share in the global probiotic supplements market during 2017-21. This is due to less physical activity among the age group above 50 years & excessive intake of alcohol among adults above the age of 18 years has increased the risk of diseases such as cardiovascular, diabetes, kidney infections, etc. According to the World Health Organization, each year, more than 15 million people between the age group 30 to 69 years die due to the higher prevalence of cancer (9.3 million), respiratory diseases (4.1 million), and diabetes (1.5 million) globally.

Additionally, the rising prevalence of Parkinson's disease among the elderly population has increased the demand for probiotic supplements as probiotics use decreases pro-inflammatory cytokines, oxidative stress, etc., and promotes good bacterial growth in patients diagnosed with Parkinson's. Moreover, rising awareness among the female population to maintain their skin health with the use of organic products & supplements is expected to contribute to an increase in the demand for probiotic supplements in the forthcoming years.

-By Form

  • Solid Form
  • Capsules
  • Gummies
  • Powder
  • Chewable
  • Others

-By Distribution Channel

  • Pharmacies
  • Health & Beauty Speciality Stores
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online Stores

-By Diseases

  • Digestive Health
  • Irritable Bowel Syndrome (IBS)
  • Oral Disease
  • Immunity-based Disease
  • Others

Explore Our Comprehensive Study:  https://www.marknteladvisors.com/research-library/probiotic-supplements-market.html

Probiotic Supplements Market Geographical Reach:

The Probiotic Supplements Market Geographical Reach assesses the distribution and prominence of consumption, highlighting regions that dominate in terms of market size, volume, and promising future growth prospects.

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Clients can concentrate their investments on the segments that present the most favourable prospects. This strategic methodology empowers clients to fine-tune their investment portfolio and attain enduring growth within the Probiotic Supplements market.

Current Landscape of Probiotic Supplements Market

The key players profiled in the research report are

  • Kerry Group
  • DuPont de Nemours, Inc.
  • BioGaia
  • Probi AB
  • Bayer Group
  • Novartis
  • Vitakem Nutraceuticals Inc.
  • ProbioFerm
  • Probium
  • Joseph Mercola
  • Hansen Holding A/S
  • Yakult Honsha
  • Archer Daniel Midland Company
  • I-Health, Inc.
  • The Procter & Gamble Company

In light of the ongoing rapid transformations within the Probiotic Supplements market, retaining a strategic advantage is paramount for both businesses and investors. At MarkNtel Advisors, we exactly identify and study every notable player, taking into account their recent product launches, mergers, acquisitions, and collaborations. This thorough analysis assists our clients in making more accurate projections and staying competitive in the market.

Probiotic Supplements Market Future Prospects

The outlook for Probiotic Supplements appears favourable in terms of both revenue share and sales, as evidenced by the market trends. Anticipating continued robust growth over the next five years. market participants are expected to further bolster their portfolios by harnessing technological advancements within the industry. Adding to the market's attractiveness is the widespread application of the product/service across various end-users, allowing market players to establish a solid presence across continents.

Customization of Reports Available - https://www.marknteladvisors.com/query/request-customization/probiotic-supplements-market.html

Recent Developments by Leading Companies

  • Kerry Group acquired Biosearch, S.A. (now known as Biosearch S.A.U.), which is a Spain based biotechnology company with an exclusive range of probiotics, botanical ectracts, and omega-3 oils, in 2021.
  • BioGaia completed the acquisition of MetaboGen, which creates opportunities to develop novel therapeutics and next-generation probiotics in 2021.
  • DuPont Nutrition announced a research partnership with Procter & Gamble company to focus on the development of next-generation probiotics (NGPs), for human health. The research collaboration will accelerate the development and commercialization of NGPs, which will initially be used in dietary supplements in 2020.

Frequently Asked Questions

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Related Reports

Why choose MarkNtel?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15.98 diverse industrial verticals.

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