What is Probiotic Supplement Market?
Probiotic supplements, a healthy microorganism that offers various benefits to the body. Probiotics dietary supplements are supplements manufactured by incorporating various strains of probiotics to treat or prevent the occurrence of diseases. Top market players have developed customized products to suit diverse customer needs. Recent advancements in R&D have led to the development of efficient probiotic strains that can sustain different environments and can be used in combination with other ingredients.
The market study is being classified by Type (Functional Foods, Dietary Supplements, Specialty Nutrients and Others), by Application (Children and Adults) and major geographies with country level break-up.
DowDuPont (United States), Yakult Honsha (Japan), Danone, Chr. Hansen (France), Nestle (Switzerland), Valio (Finland), Chr. Hansen (Denmark), The Procter & Gamble Company (United States), Lifeway Foods, Inc. (United States), Morinaga Milk Industry (Japan) and Mother Dairy (India) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Probiotic Supplement market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Probiotic Supplement market by Type, Application and Region.
On the basis of geography, the market of Probiotic Supplement 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
- High Health Benefits Associated With Probiotic-Fortified Foods
- Rising Consumer Awareness About Value-Added Products Worldwide
Market Trend
- Increasing Popularity and Demand of Probiotic Dietary Supplements in Developed Economies
Restraints
- International Quality Standards and Regulations for Probiotic Products
- High R&D Costs for Developing New Probiotic Supplements
Opportunities
- Increasing Health Consciousness Among Consumers in Both Developed and Developing Economies
- Ban on the Use of AGPS (Antibiotic Growth Promoters) in Feed in the European Union
Challenges
- Complexities in Integrating Probiotics in Functional Foods
In June 2018, Chr. Hansen expanded its product strain library for the development of next-generation probiotics.
Key Target Audience
Probiotic Supplement Producers, Raw Material Suppliers/Distributors, Probiotic Supplement Distributors/Wholesalers, Government Regulatory Bodies, End Users and Others