Global OTC Probiotics Supplement Market Overview:
OTC probiotic supplements encompass all types of supplements available in various distribution channels, often referred to as non-prescription probiotic supplements. The increasing popularity of probiotic dietary supplements coupled with increasing health awareness should drive the growth of the market over the forecast period. In addition, the growing scope of probiotics is expected to drive demand in the years to come. In addition, there are favorable prospects for medical nutrition in developed countries such as the United States and Germany due to the increasing prevalence of digestive diseases and problems. Growing health awareness has led to increased spending on probiotic supplements and, due to factors such as changes in lifestyle and eating habits, further increases the consumption of foods high in sodium, contributing to the high prevalence of gastrointestinal diseases. All of these factors should drive demand for probiotics over the forecast period. However, the availability of substitutes remains a major challenge for the widespread adoption of pharmaceutical probiotic products.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
OTC Probiotics Supplement Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Consumption of Probiotic Tablets due to Health Benefits Associated with the Same
- Rise of Awareness Regarding Fitness and Gym Culture
- High Adoption Due to Their Various Health Benefits
- Increasing Awareness about Highly Efficient Probiotic Supplements
- Increased Interest in Functional Foods
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Restraints | - Volatile Stringent International Regulations might stagnate the International Trades
- Higher Initial Investments in developing Probiotic Tablets with Negligible Manufacturing Tolerance
- High Cost of Products
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Road Blocks / Challenges | - Safety Consideration while Manufacturing Probiotics Supplements
- Skilled Workers are Required in Developing Probiotic Supplements
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Gaps & Opportunities | - Increasing Health Consciousness across the Global Population
- Increasing Demand for Probiotic Supplements from Developing Economies
- Ease to Consume Due to High Soluble and Concentrated Form
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Competitive Landscape:
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.
Some of the key players profiled in the report are DuPont (United States), Danone (France), Probi AB (Sweden), Lifeway Foods, Inc. (United States), Kibow Biotech (United States), Pharmavite LLC (United States), Osmotica Pharmaceuticals Corp (United States), Dietary Pros, Inc. (United States) and DSM (Netherlands). Analyst at AMA Research see United States Vendors to retain maximum share of Global OTC Probiotics Supplement market by 2027. Considering Market by Form, the sub-segment i.e. Capsules will boost the OTC Probiotics Supplement market. Considering Market by Distribution Channel, the sub-segment i.e. Drug Stores will boost the OTC Probiotics Supplement market. Considering Market by Ingredients, the sub-segment i.e. Bacteria [Lactobacilli, Bifidobacterium, Streptococcus Thermophilus] will boost the OTC Probiotics Supplement market.
The Food Safety and Standards Act of 2005 (FSSA) defines the foods for special nutritional purposes or functional foods, nutraceuticals, or dietary supplements. At present, probiotics in India are characterized as functional foods rather than medicinal products and are regulated by food laws that regulate general foods. The FSSA was passed by the Government of India with the aim of regulating various types of edible regulations for nutraceuticals, foods, and dietary supplements. Functional foods are legally defined according to the FSSA, but the categorization of food categories such as nutraceuticals and biotherapeutics is still unclear.
What Can be Explored with the OTC Probiotics Supplement Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global OTC Probiotics Supplement Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in OTC Probiotics Supplement
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global OTC Probiotics Supplement market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in OTC Probiotics Supplement market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Probiotics Supplement, Suppliers and Distributors of Probiotics Supplement, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.