Probiotic Dietary Supplement Market Analysis, Opportunities and Forecasts to 2023
Probiotics are the friendliest types of bacteria and take up residence in our body from the day we are born. Probiotics are live micro-organisms which, when administrated in adequate amounts, confer a health benefit on the host. While the traditional delivery vehicle for probiotics was fresh dairy products, they are now found in many varieties of food, beverages, dietary supplements and healthcare products. In this report, the probiotic dietary supplement are counted, which include Nutrition Supplements, Food Supplements, Infant Formula, Other type probiotic dietary supplement.
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Over the next five years, RfM (Research for Markets) projects that Probiotic Dietary Supplement will register a 7.6% CAGR in terms of revenue, reach US$ 4650 million by 2023, from US$ 3000 million in 2017.
The global industry is dynamic and highly competitive. Companies focus more on R&D activities to develop new products. Some of the major companies include BioGaia and Probi AB, Chr. Hansen A/S, etc. among others. The industry is characterized by a high level of integration between raw material providers, manufacturers, and supplement manufacturers. BioGaia and Probi AB show such an integration across the value chain. Suppliers play an important role in integrating the value chain by providing quality raw materials. It helps the companies to integrate their businesses in a cost-effective way and shields them from hassles associated with raw material procurement. Companies such as Chr. Hansen is a leading global supplier of scientifically documented probiotic strains for infant formula, dietary supplement and health-care companies around the world.
Currently, a major challenge affecting the market growth is the limitation of downstream market. As large demand of healthy products at home and abroad, many companies began to enter the field. Therefore, Probiotic Dietary Supplement market share is high fragmented.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption value will keep rapid growth.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: BioGaia, Probi AB, i-Health, Winclove, Probiotics International Ltd (Protexin) and UAS Labs.
To calculate the market size, Research for Markets considers value and volume generated from the sales of the following segments:
Segmentation by product type:
· Powder Stick Pack
· Capsule
· Tablet
· Probiotic Drops
Segmentation by application:
· Pharmacy
· Supermarkets
· Online Stores
· Hospitals and Clinics
· Direct Sales
This report also splits the market by region:
· Americas
· APAC
· Europe
· Middle East & Africa
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Research objectives:
· To study and analyze the global Probiotic Dietary Supplement consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
· To understand the structure of Probiotic Dietary Supplement market by identifying its various subsegments.
· Focuses on the key global Probiotic Dietary Supplement manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
· To analyze the Probiotic Dietary Supplement with respect to individual growth trends, future prospects, and their contribution to the total market.
· To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
· To project the consumption of Probiotic Dietary Supplement submarkets, with respect to key regions (along with their respective key countries).
· To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
· To strategically profile the key players and comprehensively analyze their growth strategies.
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