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Global Probiotic Dietary Supplements Market Size, Forecast: By Application: Food Supplements, Nutritional Supplements, Speciality Nutrients, Infant Formula; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Probiotic Dietary Supplements Market Outlook
The global probiotic dietary supplements market reached a value of about USD 7.84 billion in 2023. The industry is further expected to grow at a CAGR of 8.60% in the forecast period of 2024-2032 to reach a value of nearly USD 16.48 billion by 2032.
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Europe Accounts for a Significant Share in the Global Market for Probiotic Dietary Supplements
Europe is a leading region dominating the market growth of probiotic dietary supplements. The growth of the market is being driven by strong consumer awareness about probiotics usage, easy availability aided by the existence of large industry manufacturers, and focus on product innovation. Further, the increasing concerns of consumers on preventive healthcare and the effectiveness of probiotic bacteria on health are additional factors propelling the growth of the regional market. The market growth can further be attributed to robust investments in research and development to develop new items to attract customer attention.
Probiotic Dietary Supplements: Market Segmentation
Probiotic dietary supplements are live microbial components in natural and herbal nutritional substances. They are made up of a mix of live bacteria and yeast that help the gut, intestines, and digestive system work better. Lactobacillus, Bifidobacterium, and Saccharomyces boulardii are among the healthy bacteria and yeast found in these supplements, which help to strengthen the immune system and manage inflammation in the body.
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Based on application, the market can be divided into:
- Food Supplements
- Nutritional Supplements
- Speciality Nutrients
- Infant Formula
The EMR report looks into the regional markets for probiotic dietary supplements like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Health Awareness Among Individuals is Boosting the Market Growth
The global market for probiotic dietary supplements is being driven by rising health awareness among individuals and the various health benefits offered by probiotic dietary supplements. The increasing prevalence of diseases such as obesity, diabetes, and blood pressure as a result of a hectic lifestyle and poor diet are some of the factors boosting the consumption of these supplements to improve the immune system and treat various gastrointestinal diseases, breast cancer, and dental caries, among others.
Further, the growing adoption of probiotic dietary supplements for the preparation of speciality nutrients in infant formula to avoid stomach related diseases, better growth, and development of infants, is positively influencing the market growth. In addition to this, the increasing consumer preference for natural products and the effectiveness of probiotic bacteria on health are additional factors supporting the growth of the market.
Key Industry Players in the Global Probiotic Dietary Supplements Market
The report gives a detailed analysis of the following key players in the global probiotic dietary supplements market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Twinlab Consolidation Corporation
- Vitakem Nutraceuticals Inc.
- Dietary Pros, Inc.
- Chr. Hansen Holding A/S
- Archer Daniels Midland Company
- Custom Probiotics Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Probiotic Dietary Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Global Probiotic Dietary Supplements Historical Market (2018-2023)
8.3 Global Probiotic Dietary Supplements Market Forecast (2024-2032)
8.4 Global Probiotic Dietary Supplements Market by Application
8.4.1 Food Supplements
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Nutritional Supplements
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Speciality Nutrients
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Infant Formula
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Probiotic Dietary Supplements Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Probiotic Dietary Supplements Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Probiotic Dietary Supplements Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Probiotic Dietary Supplements Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Probiotic Dietary Supplements Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Probiotic Dietary Supplements Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Twinlab Consolidation Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Vitakem Nutraceuticals Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Dietary Pros, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Chr. Hansen Holding A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Archer Daniels Midland Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Custom Probiotics Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Probiotic Dietary Supplements Market: Key Industry Highlights, 2018 and 2032
2. Global Probiotic Dietary Supplements Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Probiotic Dietary Supplements Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Probiotic Dietary Supplements Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Probiotic Dietary Supplements Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Probiotic Dietary Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Probiotic Dietary Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Probiotic Dietary Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Probiotic Dietary Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Probiotic Dietary Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Probiotic Dietary Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Probiotic Dietary Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Probiotic Dietary Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Probiotic Dietary Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Probiotic Dietary Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Global Probiotic Dietary Supplements Market Structure
Key Questions Answered in the Report
In 2023, the global probiotic dietary supplements market attained a value of about USD 7.84 billion.
The market is projected to grow at a CAGR of 8.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of nearly USD 16.48 billion by 2032.
The market is being driven by the increasing adoption of probiotic diets owing to increasing gastrointestinal disorders, and growing focus on personal health.
The introduction of exciting flavours, organic ingredients, and affordable prices are some of the factors shaping the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of probiotic dietary supplements are food supplements, nutritional supplements, speciality nutrients, and infant formula.
The major players in the industry are Twinlab Consolidation Corporation, Vitakem Nutraceuticals Inc., Dietary Pros, Inc., Chr. Hansen Holding A/S, Archer Daniels Midland Company, and Custom Probiotics Inc., among others.
Analyst Review
The global probiotic dietary supplements market attained a value of about USD 7.84 billion in 2023, driven by the rising health awareness among individuals. Aided by the introduction of unique flavours, the market is expected to witness a further growth in the forecast period of 2024-2032, growing ar a CAGR of 8.60% to reach nearly USD 16.48 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The significant applications of probiotic dietary supplements are food supplements, nutritional supplements, speciality nutrients, and infant formula. The major regional markets for probiotic dietary supplements are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Twinlab Consolidation Corporation, Vitakem Nutraceuticals Inc., Dietary Pros, Inc., Chr. Hansen Holding A/S, Archer Daniels Midland Company, and Custom Probiotics Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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