MarkNtel Advisors recently published a detailed industry analysis of the North America Probiotic Supplements Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
North America Probiotic Supplements Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The North America Probiotic Supplements Market is projected to grow at a CAGR of around 5.76% during the forecast period, i.e., 2023-28.
Key Findings in North America Probiotic Supplements Market:
- Historical Analysis: 2018–2021
- Base Year: 2022
- Forecast Period: 2023–2028
Leading Market Players-Yakult Honsha Co. Ltd, Nestle S.A, BioGaia AB, Chr. Hansen Holding A/S, Danone S.A, Kirkman Group Inc., American Biologics LLC, Biena Inc., Biotix Care, Deerland Probiotics and Enzymes Inc., and Others.
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the North America Probiotic Supplements industry?
Prevalence of Gastrointestinal Diseases Across the Region- With the increasing number of gastrointestinal diseases across the region, the demand for probiotic supplements has been boosted. Countries with sizeable populations, such as the US, Canada, etc., have reported an increase in the number of gastrointestinal diseases. In addition, the growing cases of irritable bowel syndrome, Crohn's, and liver diseases have been some of the major factors attributing to the growth in the cases of gastrointestinal disease. Degrading eating habits & genetic disorders are chiefly responsible for the growing number of liver disease cases among the population.
Furthermore, the rise in research & development activities by the companies and their addition of new probiotic supplements have assisted in providing different supplements for patients suffering from gastrointestinal diseases such as hemorrhoids, constipation, etc. Hence, this is expected to encourage consumers to use probiotic supplements, resulting in increased market growth in the coming years.
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What segments define the North America Probiotic Supplements Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Form
- Solid Form
- Tablets
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- Capsules
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- Gummies
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- Powder
- By End User
- Infants (Upto 3 Years)
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- Chewable
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- Others
According to report, Here, Capsules & Powder acquired significant growth during the historical period.
By End User
- Infant
- Kids
- Adults
- 16-35 Years
- 36-50 Years
- 51-65 Years
- Above 66 Years
By Distribution Channel
- Pharmacies
- Health & Beauty Speciality Stores
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
- Via E-commerce Players
- Supplier Selling Via Own Website
According to report, Among all, Pharmacies witnessed a considerable growth rate during the historical period, owing to the increasing penetration of probiotic supplements in the market with a diversified product portfolio.
By Diseases
- Digestive Health
- Lactose Intolerance
- Constipation
- Others (Ulcerative Colitis, Colic, etc.)
- Irritable Bowel Syndrome (IBS)
- Oral Disease
- Immunity-based Disease
- Others
- Cardiovascular Diseases
- Respiratory Infections
- Obesity
- Memory/Mood/Relaxing
According to report, Of them, Digestive Health & Irritable Bowel Syndrome witnessed a considerable growth rate during the historical period.
Geographical Analysis: North America Probiotic Supplements Market
By Country
- The US
- Canada
- Mexico
Explore the Complete North America Probiotic Supplements Market Analysis Report – https://www.marknteladvisors.com/research-library/north-america-probiotic-supplements-market.html
North America Probiotic Supplements Industry Recent Development:
- 2021: Probi AB announced a strategic partnership with Blis Technologies to develop and deliver clinically proven probiotic supplements.
- 2020: BioGaia launched 5 products in new variants without palm oil for children such as protectis drops, protectis drops with vitamin D, protectis drops with strawberry flavor, and protectis tablets with orange flavor.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the North America Probiotic Supplements Market?
- How is the North America Probiotic Supplements Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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