Probiotic Supplements Market to Exhibit a Remarkable CAGR of 4.64% by 2027, Size, Share, Trends, Key Drivers

Quick Overview of the Global Probiotic Supplements Market Analysis

The recent analytical report published by MarkNtel Advisors (a leading consulting, data analytics, and market research firm), Global Probiotic Supplements Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Market Insights & Analysis: Global Probiotic Supplements Market (2022-27):

According to the latest report, the Global Probiotic Supplements Market is anticipated to grow at a CAGR of around 4.64% during the forecast period, i.e., 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geographical landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e 2022-27.

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Potential Challenges: Premium Pricing of the Probiotic Supplements

Probiotic supplements have gained popularity as health-improving bacteria, which provide a preventive mechanism to avoid general disorders such as oral care, gastrointestinal diseases, etc. However, the prices of the probiotic supplements have been prohibitive, which has restricted a wide variety of audiences in the Middle & Lower-middle Income group. In addition, the popularity of probiotic supplements has helped it gain significant traction in the countries such as North America & Europe, however, in regional markets such as Asia, Africa, and South America, where the majority of the population has lower purchasing power, the conventional supplement choices tend to be preferred.

Furthermore, since probiotics supplements have a short shelf life, manufacturers need cold storage to prolong their shelf life, which is highly costly & may hinder the market's growth.

Market Bifurcations Based on Different Segments:

The Probiotic Supplements Market covered in this report is segmented into:

-By End User

Infants (0 to 3)
Kids (3.1 to 15)
Adults (Above 15)

Among the three, the Adults acquired a notable market share in the global probiotic supplements market during 2017-21. This is due to less physical activity among the age group above 50 years & excessive intake of alcohol among adults above the age of 18 years has increased the risk of diseases such as cardiovascular, diabetes, kidney infections, etc. According to the World Health Organization, each year, more than 15 million people between the age group 30 to 69 years die due to the higher prevalence of cancer (9.3 million), respiratory diseases (4.1 million), and diabetes (1.5 million) globally.

Additionally, the rising prevalence of Parkinson's disease among the elderly population has increased the demand for probiotic supplements as probiotics use decreases pro-inflammatory cytokines, oxidative stress, etc., and promotes good bacterial growth in patients diagnosed with Parkinson's. Moreover, rising awareness among the female population to maintain their skin health with the use of organic products & supplements is expected to contribute to an increase in the demand for probiotic supplements in the forthcoming years.

-By Form

Solid Form
Capsules
Gummies
Powder
Chewable
Others

-By Distribution Channel

Pharmacies
Health & Beauty Speciality Stores
Supermarkets & Hypermarkets
Convenience Stores
Online Stores

-By Diseases

Digestive Health
Irritable Bowel Syndrome (IBS)
Oral Disease
Immunity-based Disease
Others

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On the geographical front, the Probiotic Supplements Market expands across the following:

-By Region

North America
South America
Europe
Middle East and Africa
Asia-Pacific

Companies Listed in Probiotic Supplements Market

Kerry Group
DuPont de Nemours, Inc.
BioGaia
Probi AB
Bayer Group
Novartis
Vitakem Nutraceuticals Inc.
ProbioFerm
Probium
Joseph Mercola
Hansen Holding A/S
Yakult Honsha
Archer Daniel Midland Company
I-Health, Inc.
The Procter & Gamble Company

Probiotic Supplements Market Report Table of Contents Includes:

Introduction
Executive Summary
Expert Verbatim- What our Experts Say?
Probiotic Supplements Management Market Pricing Analysis
Competitive Outlook
Disclaimer

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Reasons to Buy the Market Report

The study incorporates insights to enlighten the stakeholders about the industry's growth potential while learning the competitive scenario in the Probiotic Supplements Marketto plan their strategic investments.
The stakeholders can also get a hold of unbiased & accurate data into the dynamic interface of the industry to frame robust business strategies & investments utilizing the information cited.
With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry & establish dominance & profits over the years.
The analysis further incorporates data that would offer efficiency to the investors in organizing their sales & marketing efforts by identifying the opportunities offered in the Probiotic Supplements Market.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging Video Analytics geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.