PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1557287
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1557287
Probiotics Dietary Supplement Market - Forecasts from 2024 to 2029
The probiotics dietary supplement market is estimated to be around US$6.991 billion in 2024 and is anticipated to grow to US$9.429 billion by 2029 at a CAGR of 6.17%.
Probiotic supplements are foods that contain live microorganisms, like bacteria, and aim to maintain the level of beneficial bacteria in the body. These live and beneficial bacteria included in the probiotic dietary supplements help maintain the level of healthy bacteria, which are beneficial for the gut microflora. These supplements, like capsules, yogurts, and fermented meals, can be consumed in various forms. Its popularity among the population is expanding rapidly, mainly due to the rise in consumer interest in preventative healthcare measures. Growing awareness of gut health benefits is also among the major driving factors for probiotic dietary supplements in the global market.
Probiotic dietary supplements also offer various benefits to consumers, like helping to boost immunity and improve digestion. These supplements also help in the weight loss process and improve heart health. Various other benefits, like reducing inflammation, preventing diarrhea, and improving skin health, are also achieved through the consumption of probiotic dietary supplements.
One of the major drivers for the global probiotic dietary supplement market's growth is increasing awareness of the general population's health. The probiotic dietary supplement offers various benefits for gut health, especially in the older population. The demand for probiotic supplements in the tourism industry is also expected to grow the market, as it also helps tourists to adapt to foreign foods while visiting other nations.
Probiotics Dietary Supplement Market Drivers:
- Increasing health awareness propels the probiotics dietary supplements market.
The increase in global awareness of the preventive solutions for diseases helps to propel the probiotic dietary supplement forward. The increase in the benefits of probiotic dietary supplements for gut health also pushes the demand for this in the global market. With the increase in the population's awareness of the relationship between healthy gut microbiota and overall well-being, the demand for probiotic pills has increased. The increase in the demand for probiotic dietary supplements is also witnessed in nations that have higher tourism visits, especially in the Asian region. The increase in international tourism in nations like Thailand increases the risk of digestive issues, mainly due to changes in food consumption patterns. In such nations, international visitors generally consume probiotic dietary supplements to reduce the risk of digestive diseases. The Government Public Relations Department of Thailand stated in its report that the nation observed the arrival of about 28 million international tourists in 2023, in which about 4.5 million visitors arrived from Malaysia, 3.5 million visitors from China, and about 1.5 million from Russia.
Additionally, probiotic dietary supplements are becoming more popular with the rise in diabetes cases, as they can help control blood sugar levels and improve metabolic health. The probiotic dietary supplements also help control glycemic and HbA1c, helping patients with type 2 diabetes. The current cases of worldwide diabetes were estimated at 422 million cases by the World Health Organization. The organization also stated that diabetes is responsible for about 1.5 million deaths every year, especially in low and middle-income nations.
- The increase in the global population above 65 years of age is also expected to boost the market for probiotic dietary supplements.
The probiotic dietary supplement offers various benefits to consumers, especially the older global population. In older adults, probiotic dietary supplements help to control or reduce the frequency of diarrhea, and some strains of the supplement also help to improve heart health. The increase in the global population is expected to push the market for probiotic dietary supplements forward. According to the World Bank, the global population above 65 was estimated at 758.732 million in 2021, which increased to 779.736 million in 2022 and reached 805.167 million in 2023.
Probiotics Dietary Supplement Market Geographical Outlook
- North America is anticipated to hold a substantial share of the probiotics dietary supplement market.
The Probiotics Dietary Supplement Market Products Offered by Key Companies:
The Probiotics Dietary Supplement Market Key Developments:
The probiotics dietary supplement market is segmented and analyzed as follows:
By Strain Type:
By Health Area:
By Sales Channel:
By Geography
By Strain Type
By Health Area
By Sales Channel
By Country
By Strain Type
By Health Area
By Sales Channel
By Country
By Strain Type
By Health Area
By Sales Channel
By Country
By Strain Type
By Health Area
By Sales Channel
By Country
By Strain Type
By Health Area
By Sales Channel
By Country
TABLE OF CONTENTS
1. INTRODUCTION
- 1.1. Market Overview
- 1.2. Market Definition
- 1.3. Scope of the Study
- 1.4. Market Segmentation
- 1.5. Currency
- 1.6. Assumptions
- 1.7. Base and Forecast Years Timeline
- 1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
- 2.1. Research Design
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. PROBIOTICS DIETARY SUPPLEMENT MARKET BY STRAIN TYPE
6. PROBIOTICS DIETARY SUPPLEMENT MARKET BY HEALTH AREA
7. PROBIOTICS DIETARY SUPPLEMENT MARKET BY SALES CHANNEL
8. PROBIOTICS DIETARY SUPPLEMENT MARKET BY GEOGRAPHY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
