May 20, 2019
Worldwide probiotics dietary supplements market is estimated to amass approximately US$7.10 billion by the year 2026, registering a CAGR of 7.8 percent over the forecast timeline, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
Probiotics, in essence, are live bacteria that enable a smooth functioning of the human digestive system. For most parts, probiotics find applications in the human body in the treatment of particular conditions such as diarrhea caused due to antibiotics, inflammatory bowel disease and irritable bowel syndrome. The term ‘probiotics’ encompasses a majority of known bacteria, however, speaking with reference to a specific terminology, Lactobacillus is known to be commonly found in fermented food & beverages.
The application spectrum of the global probiotics dietary supplements market is rather diverse, and is bifurcated into nutritional supplements, food supplements, specialty nutrients and infant formula.
Crucial factors such as growing awareness regarding consumer wellness through healthcare, burgeoning interest from developed countries and considerable research & development funding for manufacturing cutting-edge probiotics products, are triggering the growth of the probiotics dietary supplementary market worldwide. The market expansion is also fueled by high item proliferation. However, factors including stringent regulations and low consumer awareness are said to be impeding market development.
According to the data aggregated by researchers, the rising number of baby boomers, who are undergoing illnesses pertaining to digestion, lack of balanced dietary consumption and the earnestness depicted by the middle-aged population to maintain digestive health are stimulating the demand for preventive medicines businesses. Extensive clinical research has helped educate the masses about how strains of bacteria improve health, which has in turn, has helped raise awareness pertaining to the benefits of probiotics for various other health conditions such as immunity, sports nutrition and women’s health.
As per the study, the probiotics dietary supplements market growth is likely to be influenced by the escalating obesity rates in the United States, along with shifting focus on solutions pertaining to weight management, with major spotlight on fat-burning and calorie-consuming ingredients properties. The burgeoning demand for weight management is thus, among the most prominent factors positively influencing the global probiotic dietary supplements market.
The latest report includes data compiled by the NDDIC (National Digestive Diseases Information Clearinghouse), which says that more than 70 million of the U.S. population suffers from digestion-related illnesses, and around 50 million people experience chronic constipation. Apparently, the rise in the consumption of probiotics dietary supplements is a consequence of such rapidly increasing health issues.
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Based on regional snapshot, Asia Pacific and Africa will exhibit tremendous potential as far as the growth of probiotics dietary supplements market is concerned, reason being, the absence of consumer awareness and the requirement of several health & wellness measures. The study also cites that various environmental factors play a pivotal role in the production of probiotics, given that microorganisms are immensely sensitive to the changing environment.
In the years to come, the demand for probiotics is expected to depict an upsurge, owing to various government mandates, surging awareness about healthy lifestyles and further investments in research & development programs, impelling probiotics dietary supplements market expansion. Brazil, India and China are some of the promising regions for industry growth, as per the latest research.
Some of the pivotal participants of the worldwide probiotics dietary supplements market include Winclove Probiotics BV, AB Biotics, SA, BioGaia AB, Probiotical SpA, Probi AB, Protexin and Super Smart Holdings Limited, among others.
The report encompasses a detailed analysis of the worldwide probiotic’s dietary supplements market in view of specific market dynamics, drivers, and present & future market trends. The report further enumerates multiple market restraints and opportunities that influence the scope of commercialization of the overall industry over the estimated timeframe. Furthermore, a thorough industry analysis contained in the report deals with Porter’s five forces – bargaining power of suppliers, bargaining power of buyers, threat of new entrant, threat of substitute and degree of competition.