Selbyville, Delaware, July 06, 2021 (GLOBE NEWSWIRE) -- As per the findings of the research literature, global probiotic supplement market size was valued USD 6.28 billion in 2020 and is touted to register a healthy growth rate over 2021-2026. The market is largely driven by rising awareness regarding the numerous benefits associated with health supplements and subsequent surge in the demand for probiotics, especially among millennials.
Proceeding further, the research literature expands on the attractiveness of the market by individually scrutinizing its various segments, including ingredient type, application spectrum, distribution channel, and geographical ambits. Moreover, it attempts to track the competitive developments such as mergers, acquisitions, and new product launches in relation to leading players, emerging contenders, and newcomers in the marketplace. Apart from this, the document hosts an updated guide for mitigating the impact of the Covid-19 pandemic and enhancing profitability over the forecast period.
Elaborating further on the subject, probiotics are utilized to improve digestion and restore normal gut. Probiotic supplements have been proven effective to treat urinary tract infections, vaginal yeast infections, eczema, lactose intolerance, as well as bowel problems such as diarrhea and irritable bowel.
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Market segmentation overview:
In terms of distribution channel, the market is fragmented into pharmacy/drug store, hypermarket/supermarkets, and online retail. Of these, the hypermarket/supermarkets segment is comparatively higher in comparison to other channels. However, rising internet penetration is expected to expand the worldwide probiotic supplement industry size from online retail segment.
Based on ingredient, the industry is split into bacteria based and yeast based, among which, the former segment is set to garner robust gains over the analysis period. Besides this, the market is also studied from the perspective of end-use applications including supplement, food & beverages, pet food, and infant formula.
Considering the geographical scope, the market spans across Asia Pacific, Europe, North America, and LAMEA. Among these regions, Asia Pacific industry is slated to grow at a tremendous pace over the forecast duration. This can be ascribed to strong demand from the millennial population and high concentration of prominent industry players in the region.
Competitive dashboard review:
Top contenders in global probiotic supplement industry sphere are Taisho Pharmaceutical Co., Ltd., Bayer AG, BioGaia AB, Novartis International AG, The Procter & Gamble Company, and Sanofi S.A. These industry leaders are undertaking strategies such as R&D investments and new product launches to enhance their revenue flow.
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Global Probiotic Supplement Market, by Ingredient (Value, USD Million, 2016-2026)
- Yeast Based
- Bacteria Based
Global Probiotic Supplement Market, by Application (Value, USD Million, 2016-2026)
- Supplements
- Food & Beverages
- Infant Formula
- Pet Food
- Pharmacy/ Drug Store
- Hypermarket/ Supermarkets
- Online Retail
Global Probiotic Supplement Market, by Geography (Value, USD Million, 2016-2026)
North America
- United States
- Canada
Europe
- United Kingdom
- Germany
Asia Pacific
- China
- Japan
LAMEA
Global Probiotic Supplement Market Competitive Dashboard (Value, USD Million, 2016-2026)
- Taisho Pharmaceutical Co., Ltd.
- Bayer AG
- BioGaia AB
- Novartis International AG
- The Procter & Gamble Company
- Sanofi S.A.
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Probiotic Supplement Market: Product Overview
4. Global Probiotic Supplement Market: An Analysis
4.1 Market Size, By Value, 2016-2026
4.2 Impact of COVID-19 on Global Probiotic Supplement Market
4.3 Global Economic & Industrial Outlook
5. Global Probiotic Supplement Market: Segment Analysis
5.1 Global Probiotic Supplement Market by Ingredient
5.2 Competitive Scenario of Global Probiotic Supplement Market- By Ingredient
5.3 By Bacteria Based, By Value (USD Million), 2016-2026
5.4 By Yeast Based, By Value (USD Million), 2016-2026
6. Global Probiotic Supplement Market Analysis By Application
6.1 Global Probiotic Supplement Market by Application
6.2 Competitive Scenario of Global Probiotic Supplement Market- By Application
6.3 By Food & Beverage, By value (USD Million), 2016-2026
6.4 By Supplements, By Value (USD Million), 2016-2026
6.5 By Pet Food, By Value (USD Million), 2016-2026
7. Global Probiotic Supplement Market Analysis By Distribution Channel
7.1 Global Probiotic Supplement Market by Distribution Channel
7.2 Competitive Scenario of Global Probiotic Supplement Market- By Distribution Channel
7.3 By Hypermarket/ Supermarkets, By Value (USD Million), 2016-2026
7.4 By Pharmacy/ Drug Store, By Value (USD Million), 2016-2026
7.5 By Online Retail, By Value (USD Million), 2016-2026
8. North America Probiotic Supplement Market: An Analysis (2016-2026)
8.1 North America Probiotic Supplement Market- By Value
8.2 North America Economic & Industrial Outlook
8.3 North America Probiotic Supplement Market: Prominent Companies
8.4 North America Probiotic Supplement Market by Ingredient, By Value
8.5 North America Probiotic Supplement Market by Application, By Value
9. Europe Probiotic Supplement Market: An Analysis (2016-2026)
9.1 Europe Probiotic Supplement Market by value: Size and Forecast (2016-2026)
9.2 Europe Economic and Industrial Outlook
9.3 Europe Probiotic Supplement Market: Prominent Companies
9.4 Market Segmentation By Ingredient (Bacteria Based, Yeast Based)
9.5 Market Segmentation By Application (Food & Beverage, Supplements, Pet Food, Infant Formula)
10. Asia Pacific Probiotic Supplement Market: An Analysis (2016-2026)
10.1 Asia Pacific Probiotic Supplement Market by value: Size and Forecast (2016-2026)
10.2 Asia Pacific Economic and Industrial Outlook
10.3 Asia Pacific Probiotic Supplement Market: Prominent Companies
10.4 Market Segmentation By Ingredient (Bacteria Based, Yeast Based)
10.5 Market Segmentation By Application (Food & Beverage, Supplements, Pet Food, Infant Formula)
11 LAMEA Probiotic Supplement Market: An Analysis (2016-2026)
11.1 LAMEA Probiotic Supplement Market by value: Size and Forecast (2016-2026)
11.2 LAMEA Economic and Industrial Outlook
11.3 LAMEA Probiotic Supplement Market: Prominent Companies
11.4 Market Segmentation By Ingredient (Bacteria Based, Yeast Based)
11.5 Market Segmentation By Application (Food & Beverage, Supplements, Pet Food, Infant Formula)
12. Global Probiotic Supplement Market Dynamics
12.1 Global Probiotic Supplement Market Drivers
12.2 Global Probiotic Supplement Market Restraints
12.3 Global Probiotic Supplement Market Trends
13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness Chart of Global Probiotic Supplement Market - By Ingredient (Year 2026)
13.2 Market Attractiveness Chart of Global Probiotic Supplement Market - By Application (Year 2026)
13.3 Market Attractiveness Chart of Global Probiotic Supplement Market - By Distribution Channel (Year 2026)
13.4 Market Attractiveness Chart of Global Probiotic Supplement Market - By Region (Year 2026)
14. Competitive Landscape
14.1 Market Share of global leading companies
14.2 SWOT Analysis- Global Probiotic Supplement Market
14.3 Porter Five Forces Analysis-Global Probiotic Supplement Market
15. Company Profiles (Business Description, Financial Analysis, Business Strategy)
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Market Size, Industry Analysis Report, Regional Outlook Application Potential, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027
The global probiotics market is expected to witness strong growth by 2027 owing to numerous health benefits of the product, increasing consumer inclination towards functional foods, and growing demand for probiotics beverages such as fermented milk and yogurts. Probiotics are live microorganisms, which have numerous health benefits when consumed. These are also termed as healthy, good or friendly bacteria as they aid in keeping the gut healthy. Probiotics can be supplied through dietary supplements, foods and beverages. On the geographical front, in 2020, Middle East & Africa region, in terms of revenue, made up approximately 5% share of the probiotics market. The region will register tremendous gains over the projected time period driven by increasing health consciousness across the regional population.
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Eubiotics Market Size, Competitive Market Share & Forecast, 2020 - 2026
The eubiotics market growth graph is forecast to depict a major rise owing to the growing awareness regarding feed quality and safety and increasing demand for animal protein. Eubiotics are primarily used to improve the health and performance of domesticated animals. Eubiotics is gaining importance in the developed countries since stringent regulatory mandates are putting in a limit on the use of antibiotics. These natural digestive stimulants are subsequently filling up for these antibiotics in animal feeds. They create a healthy balance of microflora in the gastrointestinal tract, aiding digestion. In addition, the eubiotics market is not only growing in developed region such as Europe and North America but are also witnessing significant demand in some developing countries like Brazil, India, and China.
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