Industry Background:
The global Probiotic Dietary Supplement market is expected to witness high demand in the forecasted period due to the COVID-19 pandemic. Probiotics dietary supplements are supplements manufactured by incorporating various strains of probiotics to treat or prevent the occurrence of diseases. Manufacturers have developed customized products to suit diverse customer requirements. The global market is driven by rising awareness and demand for health-based products among consumers due to the COVID-19 pandemic. Probiotics are part of functional foods and beverages and are known for improving gut functionality, along with other benefits, including immunity boost, among other factors. which will help to reduce the possibility of the coronavirus.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Bifodan (Denmark), BioCare Copenhagen (Denmark), BioGaia (Sweden), Chr. Hansen Holding A/S (Denmark), Custom Probiotics, Inc. (California), Daflorn (Bulgaria), Deerland Enzymes (United States), NutraScience Labs (United States) and Probi USA, Inc (Nutraceutix) (United States) |
According to AMA, the market for Probiotic Dietary Supplement is expected to register a CAGR of 8.5% during the forecast period to 2027. This growth is primarily driven by Growing Health Concerns as well as Efficacy of Probiotics Dietary Supplements and High Adoption due to Health Benefits Associated With Probiotic-Fortified Foods.
Globally, a noticeable market trend is evident Increasing Demand due to Participation Of International Bodies in the R&D Of Probiotic Products
The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Bifodan (Denmark), BioCare Copenhagen (Denmark), BioGaia (Sweden), Chr. Hansen Holding A/S (Denmark), Custom Probiotics, Inc. (California), Daflorn (Bulgaria), Deerland Enzymes (United States), NutraScience Labs (United States) and Probi USA, Inc (Nutraceutix) (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global Probiotic Dietary Supplement is highly competitive and is characterized by the presence of a vast number of market players. The key players focus on expanding their product offerings by introducing an improved version of already existing products by developing new ingredient formulations. R & D is anticipated to be a key success factor in the market. Also, manufactures use the internet as an efficient platform for product marketing and positioning.
Key Developments in the Market:
On 19th May 2020, ADM and Hospital de Sagunto, one of the largest medical centers in the Valencia region of Spain have partnered on a clinical trial into the effects of using a food supplement containing live microbial strains to promote gut microbiome balance and help improve health functions related to outcomes for COVID-19 patients in high-risk groups.
Influencing Trend:
Increasing Demand due to Participation Of International Bodies in the R&D Of Probiotic Products and Rising Health Consciousness Among Consumers and Demand for Immunity Boosters
Market Growth Drivers:
Growing Health Concerns as well as Efficacy of Probiotics Dietary Supplements and High Adoption due to Health Benefits Associated With Probiotic-Fortified Foods
Challenges:
Complexities in Integrating Probiotic Dietary Supplement in Functional Foods
Restraints:
International Quality Standards And Regulations For Probiotic Dietary Supplement
Opportunities:
Increasing Consumer Awareness About Value-Added Products and Upsurging Demand For Probiotics in Developed Economies due to COVID-19
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Probiotic Dietary Supplement Market
- Analysis about New Entrants in Probiotic Dietary Supplement Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Probiotic Dietary Supplement Study Sheds Light on
The Probiotic Dietary Supplement Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Probiotic Dietary Supplement industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Probiotic Dietary Supplement industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.