Global Probiotics Dietary Supplements Market

Probiotics Dietary Supplements Market Size, Share, Growth Analysis, By Product(Lactobacillus, bifidobacterium, and others), By Distribution channel(Pharmacies, supermarkets, and more), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2576 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 63 | Figures: 75

Probiotics Dietary Supplements Market News

  • In January 2023, Nestle acquired the probiotics company Atrium Innovations for USD 2.9 billion.
  • In February 2023, DuPont Nutrition & Health acquired the probiotics company Gelesis for USD 1.5 billion.
  • In March 2023, Chr. Hansen acquired the probiotics company Lallemand for USD 10.4 billion.
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Probiotics Dietary Supplements Market size was valued at USD 18.04 billion in 2022 and is poised to grow from USD 20.58 billion in 2023 to USD 59.13 billion by 2031, growing at a CAGR of 14.10% during the forecast period (2024-2031).

The probiotics dietary supplements market features intense competition among key players aiming to capture a larger share of the growing consumer demand for digestive health and wellness products. Industry leaders such as Nestlé, Danone, and Procter & Gamble emphasize product innovation, quality assurance, and strategic partnerships to maintain their market dominance. Emerging entrants like Align Technology and Yakult Honsha are rapidly expanding their product portfolios and reach. This landscape is characterized by aggressive marketing, research investments, and a focus on diverse probiotic strains to cater to evolving consumer preferences for natural and holistic well-being solutions. 'Nestlé (Switzerland)', 'Yakult Honsha Co., Ltd. (Japan)', 'Danone S.A. (France)', 'Procter & Gamble Co. (USA)', 'BioGaia AB (Sweden)', 'Chr. Hansen Holding A/S (Denmark)', 'DuPont Nutrition & Biosciences (USA)', 'Lallemand Inc. (Canada)', 'Garden of Life LLC (USA)', 'Kerry Group Plc (Ireland)', 'NOW Foods (USA)', 'MegaFood (USA)', 'Align Technology, Inc. (USA)', 'Culturelle (USA)', 'Swanson Health Products (USA)', 'Renew Life Formulas, Inc. (USA)', 'Nature's Bounty Co. (USA)', 'Jarrow Formulas, Inc. (USA)', 'Hyperbiotics (USA)', 'Pure Encapsulations (USA)'

Increasing awareness among consumers about the potential health benefits of probiotics has been a significant driver for the market. Probiotics are known to promote gut health, support digestion, boost the immune system, and even have potential effects on mental health. As people become more health-conscious, the demand for natural and holistic health solutions like probiotics has risen.

Growing Consumer Awareness and Interest in Gut Health: The awareness of the importance of gut health and its impact on overall well-being was on the rise. Consumers were becoming more knowledgeable about the role of probiotics in maintaining a healthy gut microbiome. This increased awareness was driving the demand for probiotics dietary supplements as people looked for ways to improve digestion, support immune function, and address various health concerns.

North America, including the United States and Canada, had a significant share in the probiotics dietary supplements market. Consumer awareness of gut health and wellness trends contributed to the market's growth.

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Global Probiotics Dietary Supplements Market

Report ID: SQMIG35A2576