PUBLISHER: Value Market Research | PRODUCT CODE: 1547939
PUBLISHER: Value Market Research | PRODUCT CODE: 1547939
The global demand for Probiotic Dietary Supplement Market is presumed to reach the market size of nearly USD 82.02 Billion by 2032 from USD 23.19 Billion in 2023 with a CAGR of 15.07% under the study period 2024-2032.
Probiotics are living microbes that help to support and re-establish gut microflora. Generally used probiotic bacteria are Lactobacillus and Bifidobacterium.Probiotics are found in the form of food supplements such as yogurt. They assist in balancing good and bad bacteria to maintain our digestive system and gut health. The supplements are available in various forms such as tablets, powder, and capsule, or liquid. Many health benefits are associated with probiotic supplements. They improve gut functioning, strengthens the digestive system, and boost immunity.
The prolonged long work schedules, unhealthy eating habits, and sedentary lifestyles have affected human health and increased health problems such as diabetes and obesity. The health problems enhanced awareness about healthy food products and healthy diets in recent years. The probiotic supplements achieved popularity due to their health benefits. The major factors propelling the global probiotic market include increased awareness about a healthy diet, benefits offered by probiotic supplements, and technological innovations and advancement in probiotic fortified foods. In developing countries, the demand for probiotic supplements in food and beverages is growing. The younger generation's rising demand for health-based food is supporting the global probiotic supplements market. The threat of COVID-19 pandemic is increasing day by day. At present, there is no effective antiviral drug or effective vaccine available against the disease-causing virus SARS-CoV-2. Only physical distancing and increasing self-immunity are the few solutions. As probiotic supplements are known to boost immunity, the COVID-19 impact is expected to support the global Probiotic supplement market positively.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Probiotic Dietary Supplement. The growth and trends of Probiotic Dietary Supplement industry provide a holistic approach to this study.
This section of the Probiotic Dietary Supplement market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Probiotic Dietary Supplement market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Probiotic Dietary Supplement market include Vitakem Nutraceuticals Inc., Lesaffre, DuPont De Nemours Inc., H&H Group, Symrise, ProbioFerm, Dietary Pros Inc, Chr. Hansen Holding A/S, Dr. Joseph Mercola (Mercola Market), BASF SE, ADM, Amway, Abbott, Bayer AG, Glanbia Plc, Pfizer Inc., BioGaia, GSK Plc, DSM. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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