Probiotic Supplements Market Size, Share | Global Report 2028
The probiotic supplements market is valued US$ 6,970.10 million in 2021; It is estimated to grow at a CAGR of 7.6% from 2022 to 2028.
Probiotic supplements are live microorganisms available in the form of powders, tablets, capsules, etc.; these supplements are consumed to restore or improve gut flora. Global probiotic supplement consumption is growing at a high pace due to the rising prevalence of digestive disorders and the increased availability of products for children. Further, the preference for nutritional supplements in the form of gummies and the elevating popularity of non-GMO and vegan probiotic supplements are among the major trends contributing to the growth of the probiotic supplements market
In 2021, North America held the largest revenue share of the probiotic supplements market. The consumption of probiotic supplements is gradually increasing in the region owing to the factors such as rising consumer awareness about digestive health, and probiotic strains and their health benefits. Probiotic supplements are available in the form of capsules and tablets, gummies, powder, etc., which are favorable for all age groups of the population. According to a report by the GI Alliance, published on January 23, 2021, 20 million North Americans are diagnosed with chronic digestive diseases. Digestive diseases, associated with distress and pain, represent one of the most severe health problems in North American countries. The prevalence of digestive diseases leads to a surge in personal treatment expenditures and a reduction in working hours. Probiotic supplements help maintain appropriate microflora in the gut and assist in curing gastrointestinal diseases.
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Probiotic Supplements Market: Strategic Insights
Market Size Value in US$ 6,970.10 Million in 2021 Market Size Value by US$ 11,529.10 Million by 2028 Growth rate CAGR of 7.6% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Probiotic Supplements Market: Strategic Insights
| Market Size Value in | US$ 6,970.10 Million in 2021 |
| Market Size Value by | US$ 11,529.10 Million by 2028 |
| Growth rate | CAGR of 7.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Probiotic Supplements Market
In the pre-pandemic period, the probiotic supplements market was mainly driven by the consumption of functional food & beverages and dietary supplements, and the high demand for protein-rich products. However, many industries faced unprecedented challenges after the onset of the COVID-19 pandemic. The food and beverage manufacturers witnessed a slow growth in the initial phase of the pandemic due to the shutdown of manufacturing units and disruptions in supply chains. However, a shift in consumer lifestyle, a rise in preference for healthy dietary practices, and an increase in the health-conscious population have substantially promoted the demand for probiotic supplements. With increased consumer focus on immunity and wellness during the peak pandemic period, the demand for probiotics supplements also magnified. Many studies claim that the consumption of probiotic supplements can boost immunity, thereby reducing the risk of infections, including COVID-19. For instance, research conducted by experts from Sapienza University of Rome, Italy, identified that a mixture of probiotic strains—Streptococcus thermophilus DSM 32245 and Bifidobacterium lactis DSM 32246—is potent enough to reduce the risk of severe pneumonia. According to the same research, the high concentration of bacteria releases specific enzymes that modulate the immune responses of the host.
Market Insights
Rising Strategic Development Initiatives to Drive Probiotic Supplements Market Growth During Forecast Period
Manufacturers in the probiotic supplements market are making significant investments in research & development, partnerships, and collaborations to launch innovative products to tap into emerging market opportunities. For instance, in February 2021, Probi, a Swedish manufacturer of probiotic strains, and Perrigo—a manufacturer of health supplements—signed an agreement to jointly launch probiotic supplements that target digestive and immune health in 14 European countries, including Spain, Italy, and Belgium. Under this agreement, the companies launched three products: Probify Digestive Support, which helps to restore gut flora and supports digestive function; Probify Daily Balance, which supports everyday wellness and immune and gut health; and Probify Travel Protect, which supports gut flora while traveling. Similarly, Jarrow Formula launched probiotic gummy supplements in three variations—probiotic duo gummies, probiotic and prebiotic gummies, and probiotic and immune gummies. They are pectin-based, non-GMO (contain no genetically modified organisms/components), gluten-free, and vegetarian. They contain no artificial flavors, sweeteners, colors, or preservatives that address various consumer requirements. Such developments are expected to provide immense growth opportunities to the probiotic supplements market in the coming years.
Product Type Insights
Based on product type, the probiotic supplements market has been segmented into capsules and tablets, gummies, powder, and others. The capsules and tablets segment held the largest share in the market in 2021, and the gummies segment is expected to register the fastest CAGR during the forecast period. Capsules are more popular as they are less likely to have an unpleasant taste or odor. The probiotic supplements packed in capsule packages have higher bioavailability, which makes them more effective. Tablets are the most common type of supplement. Further, the growing popularity of nutritional supplements such as capsules and tablets owing to their convenient cost, easier dosing, and longer shelf life is expected to boost the market growth of the capsules and tablets segment during the forecast period.
Distribution Channel Insights
Based on category, the probiotic supplements market has been segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held the largest share in the market in 2021. Specialty stores are retail chains that sell a particular category of products. For example, probiotic supplements are easily available in specialty stores such as pharmacies and nutrition stores. Specialty stores display a large variety of products from different brands. These stores are widely preferred distribution channels for probiotic supplements due to their ability to exhibit an extensive range of flavors, offer attractive deals and discounts, and provide a high-end customer service.
A few of the players operating in the probiotic supplements market include Bayer AG; Pharmavite LLC; BioGaia AB; Nature's Way Products, LLC; Nestlé S.A.; SFI Health; GNC Holdings, LLC; Nature's Bounty; Church & Dwight Co., Inc.; and NOW Foods. Market players focus on product launch strategy to attract large consumer groups, acquire new customers, improve business revenues, and cater to changing consumer preferences. Moreover, these players are investing high amounts in product developments and innovations owing to rapidly emerging technological advancements in the industry and increasing competition.
Probiotic Supplements Market Report Scope
Report Spotlights
- Progressive industry trends in the probiotic supplements market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the probiotic supplements market from 2020 to 2028
- Estimation of global demand for probiotic supplements
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the probiotic supplements market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the probiotic supplements market at various nodes
- Detailed overview and segmentation of the market, and the probiotic supplements industry dynamics
- Size of the probiotic supplements market in various regions with promising growth opportunities
Probiotic Supplements Market
The "Probiotic Supplements Market Analysis to 2028" is a specialized and in-depth study of the food & beverages industry, focusing on the probiotic supplements market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The probiotic supplements market is segmented on the basis of product type, distribution channel, and geography. Based on product type, the market is segmented into capsules and tablets, gummies, powder, and others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the probiotic supplements market is segmented into 5 main regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, North America dominated the market, and Asia Pacific is expected to register the highest CAGR during the forecast period.
Company Profiles
- Bayer AG
- Pharmavite LLC
- BioGaia AB
- Nature's Way Products, LLC
- Nestlé S.A.
- SFI Health
- GNC Holdings, LLC
- Nature's Bounty
- Church & Dwight Co., Inc.
- NOW Foods
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Increasing consumer focus on preventive health, rising demand for probiotic supplements for women’s health, and increasing awareness of the health benefits of probiotics for infants and kids are some of the key driving factors for the probiotic supplements market.
Based on distribution channels, online retail is the fastest-growing segment because consumers can conveniently buy desirable products remotely.
North America accounted for the largest share of the global probiotic supplements market owing to the factors such as increasing consumer awareness about probiotic strains with multiple health benefits and increased focus on digestive health across the region.
Based on the product type, the capsules and tablets segment accounted for the largest revenue share as owing to their convenient cost, easier dosing, and longer shelf life.
Manufacturers are making significant investments in research & development, partnerships, and collaborations to launch innovative products to tap into emerging market opportunities.
The major players operating in the global probiotic supplements market are Bayer AG; Pharmavite LLC; BioGaia AB; Nature's Way Products, LLC; Nestle SA; SFI Health; GNC Holdings, LLC; Nature's Bounty; Church & Dwight Co., Inc.; NOW Foods among few others.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Probiotic Supplements Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Probiotic Supplements Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Consumer Focus on Preventive Health
5.1.2 Rising Demand for Probiotic Supplements for Women’s Health
5.1.3 Increasing Awareness of Health Benefits of Probiotics for Infants and Kids
5.2 Market Restraints
5.2.1 Complexities and Variations in Regulations Worldwide
5.3 Market Opportunities
5.3.1 Rising Strategic Development Initiatives Worldwide
5.4 Future Trends
5.4.1 Growing Preference for Gummy Formats of Probiotic Supplements
5.4.2 Rising Trend of Consuming Non-GMO and Vegan Probiotic Supplements.
5.5 Impact Analysis of Drivers and Restraint
6. Probiotic Supplements – Global Market Analysis
6.1 Probiotic Supplements Market Overview
6.2 Probiotic Supplements Market –Revenue and Forecast to 2028
6.3 Competitive Positioning – Key Market Players
7. Probiotic Supplements Market Analysis – By Product Type
7.1 Overview
7.2 Probiotic Supplements Market, By Product Type (2021 and 2028)
7.3 Capsules and Tablets
7.3.1 Overview
7.3.2 Capsules and Tablets: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Gummies
7.4.1 Overview
7.4.2 Gummies: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Powder
7.5.1 Overview
7.5.2 Powder: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8. Probiotic Supplements Market Analysis – By Distribution Channel
8.1 Overview
8.2 Probiotic Supplements Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9. Probiotic Supplements Market – Geographic Analysis
9.1 Overview
9.2 North America: Probiotic Supplements Market
9.2.1 North America: Probiotic Supplements Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Probiotic Supplements Market, By Product Type
9.2.3 North America: Probiotic Supplements Market, by Distribution Channel
9.2.4 North America: Probiotic Supplements Market, by Key Country
9.2.4.1 US: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Probiotic Supplements Market, By Product Type
9.2.4.1.2 US: Probiotic Supplements Market, by Distribution Channel
9.2.4.2 Canada: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Probiotic Supplements Market, By Product Type
9.2.4.2.2 Canada: Probiotic Supplements Market, by Distribution Channel
9.2.4.3 Mexico: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Probiotic Supplements Market, By Product Type
9.2.4.3.2 Mexico: Probiotic Supplements Market, by Distribution Channel
9.3 Europe: Probiotic Supplements Market
9.3.1 Europe: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Probiotic Supplements Market, By Product Type
9.3.3 Europe: Probiotic Supplements Market, by Distribution Channel
9.3.4 Europe: Probiotic Supplements Market, by Key Country
9.3.4.1 Germany: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Probiotic Supplements Market, By Product Type
9.3.4.1.2 Germany: Probiotic Supplements Market, by Distribution Channel
9.3.4.2 France: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Probiotic Supplements Market, By Product Type
9.3.4.2.2 France: Probiotic Supplements Market, by Distribution Channel
9.3.4.3 UK: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 UK: Probiotic Supplements Market, By Product Type
9.3.4.3.2 UK: Probiotic Supplements Market, by Distribution Channel
9.3.4.4 Italy: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 Italy: Probiotic Supplements Market, By Product Type
9.3.4.4.2 Italy: Probiotic Supplements Market, by Distribution Channel
9.3.4.5 Russia: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Probiotic Supplements Market, By Product Type
9.3.4.5.2 Russia: Probiotic Supplements Market, by Distribution Channel
9.3.4.6 Rest of Europe: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Probiotic Supplements Market, By Product Type
9.3.4.6.2 Rest of Europe: Probiotic Supplements Market, by Distribution Channel
9.4 Asia Pacific: Probiotic Supplements Market
9.4.1 Asia Pacific: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Probiotic Supplements Market, By Product Type
9.4.3 Asia Pacific: Probiotic Supplements Market, by Distribution Channel
9.4.4 Asia Pacific: Probiotic Supplements Market, by Key Country
9.4.4.1 China: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 China: Probiotic Supplements Market, By Product Type
9.4.4.1.2 China: Probiotic Supplements Market, by Distribution Channel
9.4.4.2 Japan: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 Japan: Probiotic Supplements Market, By Product Type
9.4.4.2.2 Japan: Probiotic Supplements Market, by Distribution Channel
9.4.4.3 India: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Probiotic Supplements Market, By Product Type
9.4.4.3.2 India: Probiotic Supplements Market, by Distribution Channel
9.4.4.4 Australia: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Australia: Probiotic Supplements Market, By Product Type
9.4.4.4.2 Australia: Probiotic Supplements Market, by Distribution Channel
9.4.4.5 South Korea: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Probiotic Supplements Market, By Product Type
9.4.4.5.2 South Korea: Probiotic Supplements Market, by Distribution Channel
9.4.4.6 Rest of Asia Pacific: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Probiotic Supplements Market, By Product Type
9.4.4.6.2 Rest of Asia Pacific: Probiotic Supplements Market, by Distribution Channel
9.5 Middle East & Africa: Probiotic Supplements Market
9.5.1 Middle East & Africa: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East & Africa: Probiotic Supplements Market, By Product Type
9.5.3 Middle East & Africa: Probiotic Supplements Market, by Distribution Channel
9.5.4 Middle East & Africa: Probiotic Supplements Market, by Key Country
9.5.4.1 South Africa: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Probiotic Supplements Market, By Product Type
9.5.4.1.2 South Africa: Probiotic Supplements Market, by Distribution Channel
9.5.4.2 Saudi Arabia: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Probiotic Supplements Market, By Product Type
9.5.4.2.2 Saudi Arabia: Probiotic Supplements Market, by Distribution Channel
9.5.4.3 UAE: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Probiotic Supplements Market, By Product Type
9.5.4.3.2 UAE: Probiotic Supplements Market, by Distribution Channel
9.5.4.4 Rest of MEA: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Probiotic Supplements Market, By Product Type
9.5.4.4.2 Rest of MEA: Probiotic Supplements Market, by Distribution Channel
9.6 South & Central America: Probiotic Supplements Market
9.6.1 South & Central America: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
9.6.2 South & Central America: Probiotic Supplements Market, By Product Type
9.6.3 South & Central America: Probiotic Supplements Market, by Distribution Channel
9.6.4 South & Central America: Probiotic Supplements Market, by Key Country
9.6.4.1 Brazil: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Probiotic Supplements Market, By Product Type
9.6.4.1.2 Brazil: Probiotic Supplements Market, by Distribution Channel
9.6.4.2 Argentina: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Probiotic Supplements Market, By Product Type
9.6.4.2.2 Argentina: Probiotic Supplements Market, by Distribution Channel
9.6.4.3 Rest of South & Central America: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South & Central America: Probiotic Supplements Market, By Product Type
9.6.4.3.2 Rest of South & Central America: Probiotic Supplements Market, by Distribution Channel
10. Impact of COVID-19 Pandemic on Probiotic Supplement Market
10.1 Impact of COVID-19 on Probiotic Supplement Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Product launch
11.2 Expansion
12. Company Profiles
12.1 Bayer AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Pharmavite LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 BioGaia AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nature's Way Products, LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Nestlé S.A.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SFI Health
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 GNC Holdings, LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nature's Bounty
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Church & Dwight Co., Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 NOW Foods
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
LIST OF TABLES
Table 1. Probiotic Supplements Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Probiotic Supplements Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Probiotic Supplements Market, Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe: Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 16. France Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 18. UK Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 20. Italy Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Italy Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia Pacific Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 28. China Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. China Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 30. Japan Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Japan Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 32. India Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. India Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 34. Australia Probiotic Supplements Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 35. Australia Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia Pacific Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia Pacific Probiotic Supplements Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 40. Middle East & Africa Probiotic Supplements Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 50. South & Central America Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South & Central America Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 52. Brazil Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Brazil Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 54. Argentina Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Argentina Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of South & Central America Probiotic Supplements Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of South & Central America Probiotic Supplements Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
LIST OF FIGURES
Figure 1. Global Probiotic Supplements Market Segmentation
Figure 2. Probiotic Supplements Market Segmentation – By Geography
Figure 3. Global Probiotic Supplements Market Overview
Figure 4. Probiotic Supplements Market, By Product
Figure 5. Probiotic Supplements Market, By Geography
Figure 6. Global Probiotic Supplements Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Probiotic Supplements Market - Ecosystem
Figure 10. Prevalence of Probiotic Use Over Time Among US Children and Adults
Figure 11. Probiotic Supplements Market Impact Analysis of Drivers and Restraints
Figure 12. Geographic Overview of Probiotic Supplements Market
Figure 13. Global: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Probiotic Supplements Market Revenue Share, By Product Type (2021 and 2028)
Figure 15. Capsules and Tablets: Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Gummies: Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Powder: Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Others: Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Probiotic Supplements Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 20. Supermarkets and Hypermarkets: Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Specialty Stores: Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Online Retail: Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: Probiotic Supplements Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Global Probiotic Supplements Market Revenue Share, By Region (2021 and 2028)
Figure 25. North America: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Probiotic Supplements Market Revenue Share, By Product Type (2021 and 2028)
Figure 27. North America: Probiotic Supplements Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 28. North America: Probiotic Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. US: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Probiotic Supplements Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe: Probiotic Supplements Market Revenue Share, By Product Type (2021 and 2028)
Figure 34. Europe: Probiotic Supplements Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 35. Europe: Probiotic Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 36. Germany: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 37. France: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 38. UK: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 39. Italy: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia Pacific: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 43. Asia Pacific: Probiotic Supplements Market Revenue Share, By Product Type (2021 and 2028)
Figure 44. Asia Pacific: Probiotic Supplements Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 45. Asia Pacific: Probiotic Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 46. China: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 47. Japan: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 48. India: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 49. Australia: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 50. South Korea: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Asia Pacific: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 52. Middle East & Africa: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 53. Middle East & Africa: Probiotic Supplements Market Revenue Share, By Product Type (2021 and 2028)
Figure 54. Middle East & Africa: Probiotic Supplements Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 55. Middle East & Africa: Probiotic Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 56. South Africa: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 57. Saudi Arabia: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 58. UAE: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 59. Rest of MEA: Probiotic Supplements Market–Revenue and Forecast to 2028 (US$ Million)
Figure 60. South & Central America: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 61. South & Central America: Probiotic Supplements Market Revenue Share, By Product Type (2021 and 2028)
Figure 62. South & Central America: Probiotic Supplements Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 63. South & Central America: Probiotic Supplements Market Revenue Share, by Key Country (2021 and 2028)
Figure 64. Brazil: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 65. Argentina: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of South & Central America: Probiotic Supplements Market– Revenue and Forecast to 2028 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic on North America Probiotic Supplement Market
Figure 68. Impact of COVID-19 Pandemic on Europe Probiotic Supplement Market
Figure 69. Impact of COVID-19 Pandemic on Asia Pacific Probiotic Supplement Market
Figure 70. Impact of COVID-19 Pandemic on the Middle East & Africa Probiotic Supplement Market
Figure 71. Impact of COVID-19 Pandemic on South & Central America Probiotic Supplement Market
The List of Companies - Probiotic Supplements Market
- Bayer AG
- Pharmavite LLC
- BioGaia AB
- Nature's Way Products, LLC
- Nestle SA
- SFI Health
- GNC Holdings, LLC
- Nature's Bounty
- Church & Dwight Co., Inc.
- NOW Foods
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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