Probiotics Dietary Supplements Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0197132
  • Format: Electronic (PDF)
  • Number of Pages: 225
  • Author(s): Joshi, Madhavi

Report Overview

The Probiotics Dietary Supplements Market size was estimated at USD 12.5 billion in 2023 and is projected to reach USD 25 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2024-2030).

Probiotics Dietary Supplements Market

(Market Size)
$12.5 billion
$25 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.20%
2023 Market Size USD 12.5 billion
2030 Market Size USD 25 billion
Key Players Chr. Hansen, DuPont, Nestlé, Yakult

Market Summary

The probiotics dietary supplements market represents a significant and expanding segment within the global food and beverages industry, driven by a paradigm shift towards preventive healthcare and wellness. These supplements, containing live microorganisms intended to confer health benefits by improving or restoring the gut flora, are increasingly consumed for digestive health, immune support, and overall well-being. The market is characterized by a high degree of innovation, with manufacturers continuously developing new strains, formulations, and delivery formats such as capsules, powders, and gummies to cater to diverse consumer preferences. The target demographic is broad, encompassing all age groups from infants to the elderly, each with specific health needs. Growth is further supported by extensive scientific research validating the health benefits of probiotics, leading to greater consumer confidence and acceptance. The competitive landscape is dynamic, featuring both established pharmaceutical giants and specialized nutraceutical companies vying for market share through product differentiation and strategic marketing. The distribution network is multifaceted, spanning online retail, pharmacies, supermarkets, and health food stores, ensuring wide product accessibility. This market is poised for sustained expansion as consumers become more health-conscious and proactive about managing their health through nutritional supplements.

Key Highlights

The probiotics dietary supplements market is distinguished by several pivotal factors that underscore its vitality and potential. A primary highlight is the robust scientific backing and growing body of clinical research that continues to elucidate the myriad health benefits associated with probiotic consumption, moving beyond digestive health to include mental well-being, skin health, and metabolic functions. This scientific validation has been crucial in building consumer trust and driving market penetration. Another significant aspect is the intense focus on product innovation, where companies are investing heavily in research and development to discover novel probiotic strains with targeted efficacy, enhance product stability, and improve delivery mechanisms for better bioavailability. The market also benefits from strong consumer education efforts and marketing campaigns that effectively communicate the value proposition of probiotics, often leveraging digital platforms to reach a wider audience. The regulatory environment, particularly in regions like North America and Europe, is evolving to provide clearer guidelines on claims and quality standards, which helps in maintaining product integrity and consumer safety. Furthermore, the trend of personalized nutrition is beginning to influence the sector, with potential for customized probiotic solutions based on individual gut microbiome profiles. The expansion into untapped geographic markets, especially in Asia-Pacific and Latin America, presents substantial growth opportunities due to rising disposable incomes and increasing health awareness.

Drivers, Opportunities & Restraints

The growth trajectory of the probiotics dietary supplements market is propelled by a confluence of powerful drivers, while also facing certain restraints and presenting numerous opportunities. A fundamental driver is the escalating global consumer awareness regarding the critical link between gut health and overall wellness, fueled by proactive health management trends and the prevalence of digestive disorders. The increasing preference for natural and preventive healthcare solutions over pharmaceutical interventions further accelerates adoption rates. The supportive role of healthcare professionals, including doctors and nutritionists, who recommend probiotics for various conditions, significantly boosts market credibility and demand. However, the market is not without its restraints. A major challenge is the lack of standardized regulations across different countries, leading to inconsistencies in product quality, labeling, and health claim approvals, which can confuse consumers and hinder market growth. The viability and stability of live microbial cultures during manufacturing, storage, and transit pose significant technical hurdles, potentially affecting product efficacy. High production costs associated with research, stringent quality control, and specialized storage requirements can also translate into higher consumer prices, limiting market accessibility in price-sensitive regions. Despite these challenges, the market is ripe with opportunities. The burgeoning field of microbiome research opens doors for next-generation, condition-specific probiotics. There is significant potential for expansion in emerging economies where health consciousness is on the rise. The integration of probiotics with other nutraceuticals like prebiotics and postbiotics to create synbiotic formulations represents another promising avenue for innovation and market differentiation.

Concentration Insights

The competitive concentration within the probiotics dietary supplements market is characterized by a mix of large, diversified corporations and smaller, niche players, creating a moderately fragmented landscape. A handful of major players, such as Probi AB, Chr. Hansen Holding A/S, and DuPont de Nemours, Inc., hold significant market share due to their extensive research capabilities, robust distribution networks, strong brand recognition, and vast portfolios of patented probiotic strains. These industry leaders often engage in strategic activities like mergers and acquisitions, partnerships with research institutions, and geographic expansion to consolidate their positions and drive innovation. Alongside these giants, there is a vibrant ecosystem of specialized nutraceutical companies and startups that focus on specific probiotic applications, unique strain development, or targeted consumer segments, often competing on the basis of product specialization and agility. The market concentration also varies by region; for instance, North America and Europe exhibit a higher degree of consolidation among key players, while the Asia-Pacific region shows more fragmentation with numerous local brands. The barriers to entry remain substantial, primarily due to the high costs of research and development, clinical trials, regulatory compliance, and establishing manufacturing facilities that meet Good Manufacturing Practice (GMP) standards. This dynamic ensures that while competition is intense, it is largely quality and science-driven.

Type Insights

The probiotics dietary supplements market is segmented by type, primarily based on the bacterial strain used, with Lactobacillus and Bifidobacterium being the most dominant and widely recognized genera. Lactobacillus strains, including species like acidophilus and rhamnosus, are extensively utilized for their proven benefits in supporting digestive health and alleviating conditions like lactose intolerance and diarrhea. Bifidobacterium strains, such as bifidum and longum, are particularly prominent in infant formulations and are known for their role in maintaining a healthy colon and enhancing immune function. Beyond these, other strains like Streptococcus thermophilus, Saccharomyces boulardii (a beneficial yeast), and Bacillus coagulans are gaining traction for their unique properties and resilience, often used in specific therapeutic applications. The market is also witnessing a surge in multi-strain probiotic formulations, which combine several different strains to potentially offer a broader spectrum of health benefits through synergistic effects. The choice of strain is critically important as it dictates the specific health claim, target audience, and even the delivery format of the supplement. Ongoing research continues to isolate and commercialize novel strains from diverse sources, expanding the available options for manufacturers and consumers alike and driving further segmentation within the market.

Application Insights

Application insights reveal the diverse and expanding uses of probiotics dietary supplements, moving far beyond basic digestive aid. The traditional and largest application segment remains digestive health, where probiotics are consumed to manage conditions like irritable bowel syndrome (IBS), inflammatory bowel disease (IBD), constipation, and to generally promote gut flora balance. The immune health application has witnessed remarkable growth, especially in the wake of global health concerns, as certain probiotic strains are clinically shown to modulate the immune system and reduce the incidence and duration of common infections. A rapidly emerging application is in the domain of mental health and brain function, often referred to as the gut-brain axis, where specific probiotics are being studied for their potential to alleviate symptoms of anxiety, depression, and stress. Other significant application areas include women's health, particularly for preventing urinary and vaginal infections; weight management and metabolic health, where certain strains may influence energy extraction and fat storage; and even oral health for combating harmful bacteria in the mouth. This diversification of applications is a key growth factor for the market, as it allows companies to target specific consumer needs and health concerns with tailored products, thereby expanding the overall consumer base and driving repeated usage.

Regional Insights

Geographically, the probiotics dietary supplements market demonstrates distinct patterns of demand and growth potential across different regions. North America, particularly the United States, represents a mature and dominant market, characterized by high consumer awareness, well-established distribution channels, and a strong culture of dietary supplement consumption. The presence of major market players and advanced healthcare infrastructure further solidifies its leading position. Europe follows closely, with countries like Germany, the UK, and France showing robust demand driven by proactive health management and favorable regulatory frameworks, such as the EU's health claim regulations which have helped standardize the market. The Asia-Pacific region is identified as the fastest-growing market, propelled by rising disposable incomes, a growing middle class, increasing health consciousness, and the deep-rooted tradition of preventive medicine in countries like China, India, and Japan. Latin America and the Middle East & Africa are emerging markets with significant untapped potential. Growth in these regions is fueled by increasing urbanization, improving retail infrastructure, and gradual rises in consumer awareness, although market penetration is still in its early stages compared to more developed regions. Each region presents its own unique set of consumer preferences, regulatory challenges, and competitive dynamics, necessitating tailored strategies for market success.

Company Insights

The competitive landscape of the probiotics dietary supplements market features a blend of established multinational corporations and agile specialized firms, each employing distinct strategies to capture value. Leading companies such as Probi AB, Chr. Hansen Holding A/S, and DuPont Nutrition & Biosciences (now part of IFF) dominate through their extensive research and development capabilities, vast libraries of patented and clinically studied probiotic strains, and global manufacturing and distribution prowess. These giants often focus on supplying proprietary strains to other supplement brands and pharmaceutical companies in addition to marketing their own consumer products. Other significant players like Nestl? SA (through brands like Garden of Life), Bayer AG, and Pfizer Inc. leverage their strong brand equity and extensive reach in the consumer health and nutrition sectors. Concurrently, a multitude of specialized companies, including BioGaia AB, Lifeway Foods, Inc., and NOW Foods, compete effectively by focusing on niche applications, organic and natural positioning, innovative delivery formats, and direct-to-consumer marketing strategies. Key competitive strategies observed across the board include heavy investment in clinical research to substantiate health claims, strategic mergers and acquisitions to acquire novel technologies or enter new markets, portfolio expansion into adjacent areas like synbiotics, and forging partnerships with healthcare professionals to drive recommendations.

Recent Developments

The probiotics dietary supplements market is dynamic, with recent developments reflecting ongoing innovation and strategic shifts. A prominent trend is the increased investment in advanced research aimed at discovering novel, next-generation probiotic strains with highly specific health benefits, moving beyond the traditional Lactobacillus and Bifidobacterium genera. There is a significant push towards personalization, with companies exploring technologies to offer customized probiotic blends based on individual microbiome analysis, although this is still largely in the developmental phase. Strategic mergers and acquisitions continue to reshape the competitive landscape, as larger entities acquire innovative startups to gain access to new technologies and product portfolios. Another key development is the heightened focus on improving product stability and delivery systems, such as the use of microencapsulation technologies, to ensure a higher number of live cultures reach the gut and to enable their incorporation into a wider range of product formats, including shelf-stable powders and gummies. Furthermore, regulatory bodies in various regions are actively working on refining guidelines for probiotic claims and quality standards, which is prompting companies to invest more heavily in clinical trials and quality assurance processes to ensure compliance and maintain consumer trust. The expansion of e-commerce channels has also been a critical recent development, significantly enhancing product accessibility and allowing brands to engage directly with consumers.

Report Segmentation

This comprehensive market research report on the probiotics dietary supplements market offers a detailed and structured analysis through meticulous segmentation. The report is segmented by type, categorizing the market into key strain categories such as Lactobacillus, Bifidobacterium, Streptococcus, and others, providing insights into the demand dynamics and growth prospects for each strain type. It is further segmented by application, delving into the various health benefits driving consumption, including digestive health, immune health, mental health, women's health, and other specialized applications, highlighting the evolving uses of these supplements. The report also includes a critical segmentation by form, analyzing the market for capsules, tablets, powders, liquids, and gummies, which caters to different consumer preferences and usage occasions. Geographic segmentation forms another core part of the analysis, providing a thorough regional breakdown covering North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, each with its own detailed assessment of market size, growth drivers, key players, and future opportunities. This multi-faceted segmentation allows for a granular understanding of the market, enabling businesses, investors, and stakeholders to identify high-growth segments, understand competitive dynamics, and make informed strategic decisions tailored to specific areas of interest.

FAQs

What are the most common types of probiotics found in supplements?

The most prevalent types of probiotics in dietary supplements belong to the Lactobacillus and Bifidobacterium genera. Common species include Lactobacillus acidophilus, known for digestive support, and Bifidobacterium bifidum, often used in products aimed at overall gut health and immune function. Other strains like Streptococcus thermophilus and Saccharomyces boulardii are also widely utilized for specific health applications.

What are the key drivers of the probiotics market?

The market is primarily driven by rising consumer awareness of the gut-health connection to overall wellness, increasing prevalence of digestive disorders, a growing preference for preventive healthcare, and robust scientific research validating the health benefits of probiotics. Recommendations from healthcare professionals and strategic marketing by key companies also significantly contribute to market growth.

Which region has the largest market for probiotics supplements?

North America, led by the United States, currently holds the largest share of the global probiotics dietary supplements market. This dominance is attributed to high consumer awareness, well-established distribution networks, a strong culture of supplement consumption, and the presence of major industry players headquartered in the region.

Who are the leading companies in the probiotics supplements market?

The market features a mix of large corporations and specialized firms. Leading players include Probi AB, Chr. Hansen Holding A/S, International Flavors & Fragrances Inc. (IFF, which acquired DuPont's Nutrition & Biosciences business), Nestl? SA, and BioGaia AB. These companies are recognized for their extensive research, patented strains, and global reach.

What are the main challenges facing the probiotics industry?

Key challenges include navigating a complex and often inconsistent global regulatory landscape for health claims, ensuring the viability and stability of live microorganisms throughout the product's shelf life, the high costs associated with research, development, and clinical trials, and overcoming consumer skepticism through continued education and transparent communication of scientific evidence.

Citius Research has developed a research report titled “Probiotics Dietary Supplements Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Probiotics Dietary Supplements Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Probiotics Dietary Supplements Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Probiotics Dietary Supplements Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Probiotics Dietary Supplements Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Probiotics Dietary Supplements Market
• Research Methodology
• Executive Summary
• Market Dynamics of Probiotics Dietary Supplements Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Probiotics Dietary Supplements Market
• Cost and Gross Margin Analysis of Probiotics Dietary Supplements Market
• Probiotics Dietary Supplements Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Probiotics Dietary Supplements Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Probiotics Dietary Supplements Market Key Stakeholders

Below are the key stakeholders for the Probiotics Dietary Supplements Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Probiotics Dietary Supplements Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Probiotics Dietary Supplements Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Probiotics Dietary Supplements Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Probiotics Dietary Supplements Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Probiotics Dietary Supplements Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Probiotics Dietary Supplements Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Probiotics Dietary Supplements Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Probiotics Dietary Supplements Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Probiotics Dietary Supplements Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Probiotics Dietary Supplements Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Probiotics Dietary Supplements Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Probiotics Dietary Supplements Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Probiotics Dietary Supplements Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Probiotics Dietary Supplements Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Probiotics Dietary Supplements Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Probiotics Dietary Supplements Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Probiotics Dietary Supplements Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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