Wilmington, Del., October 18, 2023 (GLOBE NEWSWIRE) —
According to a market report from RationalStat, Global probiotic supplements market The size value is USD 6.5538 billion in 2023 According to forecasts, the compound annual growth rate between 2023 and 2030 is expected to reach 12.5% rational statistics analyze.
Market Definition, Market Scope and Report Overview
The probiotic supplements market is influenced by several driving factors that aid its growth and adoption. These drivers reflect the increasing demand for probiotic supplements as consumers become more aware of their health. In addition, increasing consumer awareness of the impact of nutrition on health and increasing inclination toward healthier diets have triggered manufacturers to produce and commercialize foods with certain health claims. In Western markets, probiotic consumption is rising as consumers adopt a holistic approach to healthy living.
Additionally, rising disposable income among middle-class households is driving the demand for prebiotic supplements. Since probiotics increase the likelihood of colonization by healthy bacteria, gut health and its relationship to mental health, weight loss, and healthy skin.
- Probiotic supplements market analyzed based on RationalStat’s in-depth market assessment Based on market segments including type, application and geography/region (Including North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Asia Pacific). The report also provides global and regional market size for the historical period 2019-2022 and the forecast period 2023-2030.
- Market intelligence for the Probiotic Supplements market covers market size based on market value (USD Million/EUR Million) and volume (Dosage/Unit) of various products/services/devices, demand assessment across key regions, customer sentiment, price points, cost structure, profit analysis of the entire value chain, financial assessment, historical and forecast data, key developments across the industry, import and export data, trade profiles, spare parts markets of leading companies, etc.
- Additionally, long-term industry and product/service 10-year outlook and their impact on the probiotic supplements market. It also includes the current status of the industry—production levels, capacity utilization, technology vendors, etc. Key information includes manufacturing capacity, installed capacity, imports, market size, key players, market size, dynamics, market data, insights, etc. by country.
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Global Probiotic Supplements Market: Segmentation and Market Share Analysis
- Based on type, the chewable tablets and gummies segment is expected to attract a wide audience as it offers an option for portable consumption and is favored by all type of age groups.
- According to the filing, bone and joint health is expected to hold a significant market share owing to the growing issues of bone fragility and joint pain.
Report summary
| Reporting metrics | detail |
| base year | 2023 |
| forecast period | 2023-2030 |
| Base year market size | US$6.5538 billion |
| Market size forecast | US$14.9684 billion |
| growth rate | 12.5% |
| Dominate the market segment | Bone and joint health |
| leading region | North America |
| Key market drivers |
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| Company Profile |
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Competition Analysis and Market Structure
Some well-known companies adopt various strategies to consolidate their market share and gain a competitive advantage over other competitors in the market. Mergers and acquisitions, partnerships, and collaborations are some of the strategies followed by industry players and some of the key developments in the probiotic supplements market include:
- In September 2022, BioGaia and Skinome formed a partnership to develop a product containing live bacteria that supports skin microbiota and can naturally improve skin health.
- In July 2019, DuPont created a leading probiotic fermentation facility. The facility expansion is part of a $100 million investment to enhance consumer access to essential health innovations.
Some of the prominent players and vendors contributing significantly to the growth of the probiotic supplements market include Vitakem Nutraceuticals Inc., DuPont de Nemours, Inc., H&H Group, Symrise, ProbioFerm, Dietary Pros, Inc., Hansen Holding A/S, BASF SE, ADM and Amway, among others.
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RationalStat breaks down probiotic supplements market based on Types, applications and regions
- Global probiotic supplements market Value (USD Million), Volume (Dose/Unit) and Market Share (2019-2030) Analysis by Type
- chewable tablets and gummies
- capsule
- powder
- Tablets and softgels
- others
- Global probiotic supplements market Value (USD Million), Volume (Dose/Unit) and Market Share (2019-2030) Analysis by Application
- Energy and weight management
- Bone and joint health
- Gastrointestinal health
- immunity
- heart health
- diabetes
- others
- Global probiotic supplements market Value (USD Million), Volume (Dose/Unit) and Market Share Analysis by Region (2019-2030)
- North America Probiotic Supplements Market
- Latin America Probiotic Supplements Market
- Brazil
- Mexico
- Rest of Latin America
- Western European probiotic supplements market
- Germany
- U.K.
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Probiotic Supplements Market
- Russia
- Poland
- Hungary
- Other CIS countries
- Rest of Eastern Europe
- Asia Pacific Probiotic Supplements Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- the Philippines
- Vietnam
- Malaysia
- Other ASEAN countries
- Rest of Asia Pacific
- Middle East and Africa Probiotic Supplements Market
- gulf cooperation council
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Other GCC countries
- South Africa
- Nigeria
- turkey
- Middle East and Rest of Africa
- gulf cooperation council
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Key questions answered in the probiotic supplement report:
- What will be the market value of the probiotic supplements market by 2030?
- What is the market size of the probiotic supplements market?
- What are the market drivers for the probiotic supplements market?
- What are the key trends in the probiotic supplements market?
- Which is the leading region in the probiotic supplements market?
- What are the major companies operating in the probiotic supplements market?
- What is the market share of the major segments of the probiotic supplements market?
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research methodology
RationalStat has developed a state-of-the-art research methodology to process data and provide clients with the best real-time insights. We combine various industry experience, data analysis and expert opinions to create research methodologies for market sizing and forecasting.
RationalStat combines secondary sources and primary research to assess market size and develop forecasts. The key steps involved in deriving accurate market data are:
- Define the problem by understanding the type of market and the data your customers need.
- Data collection and collection is conducted through relevant paid databases, public sources, company reports, annual reports, surveys and interviews.
- Develop hypotheses to create market data, forecasts, influencing factors and their correlations.
- Evaluate and analyze data by reference to the data sources used and utilized.
- Validate, interpret and finalize data with the help of experienced analysts incorporating detailed information collected from primary and secondary sources.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company, providing comprehensive market research reports, customized strategies and consulting studies. The company has sales offices in India, Mexico and the United States to support global and diversified operations. The company has more than 80 consultants and industry experts who produce more than 850 market research and industry reports annually for its report store.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to meet customer needs. Other services provided by the company include consumer research, country reporting, risk reporting, valuation and advisory, financial research, due diligence, procurement and supply chain research, data analytics and analytical dashboards.
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