What is Biofermin Market?
Biofermin is a probiotic dietary supplement used to promote normal bacterial flora of the intestinal tract. Adoption of a healthier lifestyle to reduce healthcare expenses has been the major market driver.
The market study is being classified by Type (Tablets, Powdery and Other), by Application (Hospital Pharmacies, Retail Pharmacies and Online Pharmacies) and major geographies with country level break-up.
Taisho Pharmaceutical (Japan), Bristol-Myers Squibb (United States), GlaxoSmithKline (United Kingdom), Amgen (United States), AbbVie (United States), Novartis (Switzerland), Merck & Co (United States), Sanofi (France) and Pfizer (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Biofermin market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Biofermin market by Type, Application and Region.
On the basis of geography, the market of Biofermin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Biological Therapies
- Increased Adoption of Healthier Lifestyle in Developed Countries
Market Trend
- A Rising Trend in the Growing Awareness Regarding the Intake of Dietary Supplements
Restraints
- Side Effects Associated with the Usage of Biofermin
Opportunities
- Increasing Awareness among Consumers
Pursuant to Section 403 (q) (5) (F) and (s) (2) (A) (ii) of the Federal Food, Drug, and Cosmetic Act (FD&C Act) (21 USC 343 (q) (5) (F ) and (s) (2) (A) (ii)), a food supplement is incorrectly labeled if the nutritional information does not state the amount of each individual food ingredient (or a proprietary mixture of such ingredients) per serving. Our regulations, at 21 CFR 101.36, set out the requirements for nutritional labeling of dietary supplements, including the fact that dietary ingredients for which no Reference Daily Allowance (RDI) or Daily Reference Value (DRV) has been set are listed on the dietary supplement label must be given along with their quantitative weight per serving in metric units as described in 21 CFR 101.36 (b) (3).
Key Target Audience
Biofermin Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others