Probiotic Dietary Supplement Market 2023 | Growth, Trends and Forecast 2028

According to the latest report by IMARC Group “Probiotic Dietary Supplement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global probiotic dietary supplement market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

Probiotic dietary supplements are ingestible products consisting of beneficial bacteria that help maintain proper digestive health. They comprise saccharomyces boulardii, lactobacillus, and Bifidobacterium, which rebuild the composition of the gut microbiome and provide beneficial functions to gut microbial communities. They assist in preventing gut inflammation and various other intestinal diseases. They also help boost the immune system and fight against oxidative stress. Besides this, they lower cholesterol and blood pressure and reduce the occurrence of cardiovascular complications. Probiotic dietary supplements also promote weight loss by improving metabolism and restricting the absorption of dietary fat in the intestines. They maintain oral, urinary, and vaginal health and prevent allergies and eczema.

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Probiotic Dietary Supplement Market Trends and Drivers:

At present, the increasing consumption of probiotics due to the rising health consciousness among the masses represents one of the primary factors influencing the market positively. Besides this, the growing awareness among individuals about the benefits of incorporating supplements with a balanced diet to maintain weight and prevent the occurrence of chronic diseases is offering a favorable market outlook. In addition, the rising utilization of probiotic supplements in the diets of pets to enhance their digestive health and improve disease resistance capabilities is propelling the growth of the market. Furthermore, key market players are manufacturing dairy, sugar, and allergen-free probiotic dietary supplements to diversify their product portfolio and boost product sales.

Probiotic Dietary Supplement Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape with Key Player:

• BioGaia
• Chr. Hansen Holding A/S
• Custom Probiotics Inc.
• Dietary Pro Labs
• Koninklijke DSM N.V.
• NutraScience Labs (Twinlab Consolidated Holdings Inc.)
• Probi USA Inc. (Symrise AG)
• ProbioFerm
• Protexin (Archer-Daniels-Midland Company)
• Reckitt Benckiser Group plc
• Vitakem Nutraceuticals Inc.

The report has segmented the market on the basis of form, distribution channel and application.

Breakup by Form:

• Powder Stick Pack
• Capsule
• Tablet
• Probiotic Drops

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Pharmacy and Health Stores
• Online Stores
• Others

Breakup by Application:

• Food Supplement
• Nutritional Supplements
• Specialty Nutrients
• Infant Formula
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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