Psychobiotic 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: CR0195871
  • Format: Electronic (PDF)
  • Number of Pages: 176
  • Author(s): Joshi, Madhavi

Report Overview

The Psychobiotic Supplements Market size was estimated at USD 420 million in 2023 and is projected to reach USD 900 million by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024-2030).

Psychobiotic Supplements Market

(Market Size)
$420 million
$900 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.50%
2023 Market Size USD 420 million
2030 Market Size USD 900 million
Key Players DuPont, Kerry, Lallemand, Probi, Sabinsa

Market Summary

The psychobiotic supplements market represents a rapidly emerging niche within the functional food and beverage industry, focusing on formulations designed to support mental well-being through the gut-brain axis. These supplements contain live bacteria, primarily specific probiotic strains, that confer a mental health benefit when ingested in adequate amounts. The market is driven by growing consumer awareness of the connection between gut health and psychological states, including mood, stress, and cognitive function. This has spurred significant research and development activities from both established nutraceutical companies and new entrants aiming to capitalize on the convergence of digestive health and mental wellness. The product offerings range from standalone probiotic capsules to fortified foods and beverages, targeting a consumer base increasingly seeking natural and preventative approaches to mental health management. The regulatory landscape is evolving, with authorities scrutinizing health claims closely, which shapes product development and marketing strategies. The market is characterized by a high degree of innovation in strain selection, delivery formats, and clinical substantiation, making it a dynamic and promising segment for investment and growth.

Key Highlights

A key highlight of the psychobiotic supplements market is its foundation in cutting-edge scientific research linking the gut microbiome to brain function and behavior. Studies have identified specific bacterial strains, such as Lactobacillus and Bifidobacterium species, that can influence neurotransmitter production, reduce inflammation, and modulate the body's stress response system. This scientific backing provides a strong value proposition for products, moving beyond general wellness claims to more targeted benefits. Another significant highlight is the diversification of delivery formats. While capsules and tablets dominate, there is a growing trend toward incorporating psychobiotics into everyday consumables like yogurt, fermented drinks, snack bars, and even chocolate, enhancing consumer accessibility and compliance. The market is also witnessing increased investment in human clinical trials to validate efficacy claims, a crucial step for building credibility with both healthcare professionals and discerning consumers. Furthermore, strategic partnerships between probiotic ingredient suppliers, research institutions, and consumer goods companies are accelerating innovation and market penetration, positioning psychobiotics as a cornerstone of the future personalized nutrition and mental wellness landscape.

Drivers, Opportunities & Restraints

The primary driver for the psychobiotic supplements market is the escalating global prevalence of mental health disorders, coupled with a growing consumer preference for non-pharmaceutical, natural intervention strategies. Increased stress levels and a heightened focus on preventive healthcare post-pandemic have further amplified demand for products that support cognitive and emotional well-being. Significant opportunities exist in expanding the application scope beyond general mood support into more specific areas such as sleep quality, focus, and anxiety management, allowing for targeted product differentiation. The untapped potential in emerging economies, where rising disposable incomes and health awareness are growing, presents a substantial growth avenue. However, the market faces considerable restraints. A major challenge is the stringent and often ambiguous regulatory environment governing probiotic health claims, which varies significantly across regions and can delay product launches and increase compliance costs. Scientific validation remains a hurdle, as robust, large-scale human clinical trials are expensive and time-consuming, yet necessary to substantiate mental health benefits and gain medical community endorsement. Consumer skepticism and a lack of understanding about the gut-brain axis also pose barriers to widespread adoption, requiring extensive educational marketing efforts.

Concentration Insights

The competitive landscape of the psychobiotic supplements market is moderately concentrated, featuring a mix of large, diversified nutraceutical corporations and smaller, specialized biotechnology firms. Leading players such as DuPont Nutrition & Biosciences, Kerry Group, and Probi AB leverage their extensive expertise in probiotic science, vast distribution networks, and significant R&D capabilities to maintain a strong market presence. These companies often focus on supplying high-quality, clinically studied probiotic strains to other brands as well as marketing their own finished products. Alongside these giants, a vibrant ecosystem of niche startups and wellness brands is emerging, concentrating on innovative formulations, organic and clean-label positioning, and direct-to-consumer marketing strategies. This concentration dynamic fosters a environment of both competition and collaboration, with large firms frequently acquiring innovative startups or forming licensing agreements to access novel strains and technologies. The market's concentration is also influenced by regional factors, with North America and Europe being more mature and consolidated, while the Asia-Pacific region displays a more fragmented structure with numerous local players.

Type Insights

The psychobiotic supplements market is segmented by type, primarily distinguished by the bacterial strains used and their delivery forms. The most prominent types are those containing well-researched probiotic strains like Lactobacillus helveticus, Bifidobacterium longum, and Lactobacillus rhamnosus, which have shown promise in clinical studies for reducing cortisol levels and alleviating symptoms of anxiety and depression. Another key type includes synbiotic formulations, which combine probiotics with prebiotics?non-digestible fibers that act as food for the beneficial bacteria?to enhance their survival and efficacy in the gut. In terms of delivery, the market offers a spectrum from traditional dietary supplements in capsule, tablet, and powder forms to fortified food and beverage products. This includes functional drinks, yogurts, fermented foods like kimchi and kefir, and even confectionery items. The choice of type is increasingly influenced by consumer preference for convenience, taste, and format, pushing manufacturers to innovate beyond pills into more enjoyable and everyday consumption options without compromising on strain viability and dosage.

Application Insights

Application insights reveal the diverse consumer needs that psychobiotic supplements aim to address. The most significant application is in mood enhancement and stress reduction, targeting individuals seeking natural ways to manage daily stressors and improve their overall emotional balance. Another critical application is in supporting cognitive function, including memory, focus, and mental clarity, which appeals to students, professionals, and an aging population concerned about cognitive decline. Sleep support is a rapidly growing application area, with specific strains being marketed for their ability to improve sleep quality and regulate sleep cycles by influencing neurotransmitter activity related to relaxation. Furthermore, products are being developed for more specific clinical applications, such as adjunctive support for individuals with diagnosed anxiety or depression, though these claims require careful navigation of regulatory frameworks. The application also extends to general wellness and preventive health, where consumers incorporate psychobiotics into their daily routine as a proactive measure to maintain mental resilience and gut health simultaneously, viewing it as an integral part of a holistic health regimen.

Regional Insights

Regionally, North America holds a leading position in the psychobiotic supplements market, driven by high consumer awareness, robust scientific research infrastructure, and a strong presence of major nutraceutical companies. The United States, in particular, is a hub for innovation and early adoption of these products. Europe follows closely, with a health-conscious consumer base and a well-established regulatory framework for probiotics, particularly in countries like Germany, the UK, and the Nordic regions. The Asia-Pacific region is identified as the fastest-growing market, fueled by rising disposable incomes, growing awareness of mental health issues, and a traditional cultural acceptance of fermented and functional foods in countries like Japan, China, and South Korea. Latin America and the Middle East and Africa are emerging markets with nascent but growing interest, though growth is tempered by lower awareness levels and economic disparities. Each region presents distinct challenges and opportunities, including varying regulatory standards for health claims, differences in consumer preferences for delivery formats, and the influence of local traditional medicine practices on product acceptance and development.

Company Insights

The competitive arena features companies ranging from ingredient suppliers to consumer-facing brands. Key players supplying proprietary probiotic strains include DuPont with its HOWARU? portfolio, Kerry Group through its acquisition of Biothera's probiotic business, and Swedish company Probi AB. These firms invest heavily in clinical research to differentiate their strains. On the consumer product side, prominent brands include Garden of Life, which offers mood-specific probiotic blends, and Renew Life, focusing on holistic digestive and mental wellness. Specialty brands like Bened Life have emerged with products specifically branded and marketed for mental health benefits. Large consumer packaged goods companies are also entering the space; for instance, Danone has explored the connection between gut health and mental well-being through its yogurt products. The strategies employed by these companies vary from broad-spectrum wellness positioning to targeted, condition-specific marketing, with a common emphasis on scientific validation, brand trust, and educational content to navigate regulatory constraints and build consumer loyalty in this promising market.

Recent Developments

The psychobiotic supplements market has witnessed significant recent developments centered on scientific advancement and strategic corporate movements. There has been a marked increase in human clinical trials published in reputable journals, providing stronger evidence for the efficacy of specific strains on mental health parameters such as perceived stress, anxiety scores, and sleep quality. This trend towards evidence-based products is becoming a key differentiator. On the industry front, merger and acquisition activity has intensified, with larger nutrition companies acquiring startups specializing in microbiome research to bolster their psychobiotic portfolios and gain access to novel intellectual property. Product innovation continues to accelerate, with launches of next-generation psychobiotics that include patented strain combinations, delayed-release capsules to ensure stomach acid survival, and blends that pair probiotics with other nootropic ingredients like adaptogens and omega-3s for enhanced effects. Furthermore, branding and marketing strategies are evolving to directly address mental health benefits with greater sophistication, while ensuring compliance with advertising standards authorities in key markets like the FTC in the U.S. and the ASA in the UK.

Report Segmentation

This comprehensive market report on psychobiotic supplements provides a detailed segmentation analysis to offer a granular understanding of the industry landscape. The segmentation is primarily based on product type, categorizing the market into probiotic supplements and probiotic fortified food and beverages. The supplement segment is further broken down by form, such as capsules, tablets, powders, and liquids. The report also segments the market by application, distinguishing between products aimed at mood and stress support, cognitive function, sleep improvement, and general wellness. Distribution channel segmentation is crucial, covering offline channels like hypermarkets, supermarkets, pharmacies, and health stores, as well as online channels including e-commerce platforms and brand websites. An additional layer of segmentation involves the target demographic, analyzing demand patterns across adults, the elderly, and other specific consumer groups. This multi-faceted segmentation allows stakeholders to identify high-growth niches, understand consumer purchase pathways, and tailor product development and marketing strategies to specific segment needs and opportunities within the broader psychobiotic ecosystem.

FAQs

What are psychobiotic supplements?

Psychobiotic supplements are a specialized category of probiotics that contain live bacterial strains scientifically shown to confer a benefit to mental health and well-being by positively influencing the gut-brain axis through mechanisms like neurotransmitter production and inflammation reduction.

How do psychobiotics work?

Psychobiotics work primarily through the gut-brain axis, a bidirectional communication network linking the gastrointestinal tract and the brain. The beneficial bacteria can produce neuroactive compounds like GABA and serotonin, reduce systemic inflammation, and help regulate the body's stress response system, thereby impacting mood and cognition.

Who are the key players in the psychobiotic market?

The market consists of established ingredient suppliers like DuPont, Kerry Group, and Probi AB, as well as consumer brands such as Garden of Life, Renew Life, and Bened Life. Large food companies like Danone are also active in researching and developing functional food products with psychobiotic potential.

What is the future of the psychobiotic market?

The future of the market is poised for significant growth, driven by increasing consumer awareness of mental health and the gut-brain connection. Future trends include more personalized nutrition approaches based on individual microbiome profiles, stronger scientific validation through clinical trials, and expansion into new application areas and geographic markets.

What are the common strains used in psychobiotics?

Commonly researched and utilized strains include Lactobacillus helveticus R0052, Bifidobacterium longum R0175, Lactobacillus rhamnosus JB-1, and Lactobacillus casei Shirota. These strains have been featured in studies investigating their effects on stress, anxiety, mood, and overall mental well-being.

Citius Research has developed a research report titled “Psychobiotic 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

• Psychobiotic 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 Psychobiotic 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.

Psychobiotic Supplements Market Segmentation

Market Segmentation

Regions Covered

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

Psychobiotic Supplements Market Analysis

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

• Overview of Psychobiotic Supplements Market
• Research Methodology
• Executive Summary
• Market Dynamics of Psychobiotic 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 Psychobiotic Supplements Market
• Cost and Gross Margin Analysis of Psychobiotic Supplements Market
• Psychobiotic 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 “Psychobiotic 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.

Psychobiotic Supplements Market Key Stakeholders

Below are the key stakeholders for the Psychobiotic Supplements Market:

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

Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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 Psychobiotic 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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