Probiotic Dietary Supplement Market Study 2019 Impressive Development To Be Observed In Revenue And Growth Rate Across The Globe By 2024

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Different physiological activities need different nutrients and amount of nutrients varies with age, body weight, and physical status.

With the increasing prevalence of diseases caused because of nutrient deficiency, food fortification is one of the most effective ways to cope with them without changing existing food habits.

Moreover, growing interest in personal fitness encourages consumers to choose enriched functional food products, for instance, vitamin D fortified orange juice, probiotic yogurt, omega-3 fortified mayonnaise, and others.

Moreover, food fortification is an effective and sustainable solution to treat widespread malnutrition and deficiency diseases among the population in under developed countries.

Growing need for food fortification and an increase in the use of functional food are going to drive the market growth for food fortifying agents.Regional AnalysisGlobally the market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World.

The food fortifying agents market in North America has further been segmented into the US, Canada, and Mexico.Geographically, North America is anticipated to dominate the global food fortifying agents market during the forecast period, owing to the growing interest in personal fitness and increasing number of health conscious consumers.

Sep 05, 2018 (Heraldkeeper via COMTEX) -- Market Definition:

Probiotic dietary supplements comprise of living micro-organisms, which when taken in adequate amounts, have a beneficial effect on the body.

Probiotic dietary supplements are a better alternative to conventional dietary supplements owing to health benefits associated with their consumption.

These supplements are widely used in improving the gut health.

Probiotics have now become a part of functional foods and beverages which will help to improve overall body metabolism.

The global probiotic dietary supplements market is anticipated to be driven by the increasing health awareness among the consumers.

Different physiological activities need different nutrients and amount of nutrients varies with age, body weight, and physical status.

With the increasing prevalence of diseases caused because of nutrient deficiency, food fortification is one of the most effective ways to cope with them without changing existing food habits.

Moreover, growing interest in personal fitness encourages consumers to choose enriched functional food products, for instance, vitamin D fortified orange juice, probiotic yogurt, omega-3 fortified mayonnaise, and others.

Growing need for food fortification and an increase in the use of functional food are going to drive the market growth for food fortifying agents.

Regional AnalysisGlobally the market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World.

The food fortifying agents market in North America has further been segmented into the US, Canada, and Mexico.Geographically, North America is anticipated to dominate the global food fortifying agents market during the forecast period, owing to the growing interest in personal fitness and increasing number of health conscious consumers.

With increasing preference of a healthy lifestyle, which includes nutritious diet, physical activities and influx of integrative, alternative and complementary medicines. The global dietary supplements market is expected to exhibit 7.4% CAGR over the forecast period, 2025.

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Segmentation Analysis

Among various types of applications, general wellbeing segment will grow at a healthy CAGR of 6.9% in terms of revenue in the span of next ten years. Weight loss and general wellbeing segments will account for major revenue share over the following decade. Whereas, the sports nutrition segment will grow relatively high CAGR of 8.9% in the dietary supplements market in the span of next ten years.

The vitamins & minerals segment will retain dominance over the following decade among various types of ingredients. Whereas, besides various forms of supplements, the soft gel/pills segment will retain dominance over the following decade.

Among various end users, the women segment will significantly contribute in terms of revenue in the dietary supplement market in the span of next ten years. Whereas, besides various distribution channel, the pharmacies/drugstores segment will grow at a healthy 7.6% CAGR in terms of revenue over the following decade.

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Dietary Supplements Market: North America to Retain Dominance Throughout 2025

Among various regions, North America will dominate the global dietary supplements market in the span of next ten years. The APEJ market will grow at relatively high CAGR of 9.2% in terms of revenue in the span of next ten years. Market players operating in the dietary supplements market are developing and launching dietary supplement products with various flavours for various applications. Moreover, while integrating all processes, companies are undertaking technological upgradation in order to meet changing manufacturing requirements.

Vendor Insights

Leading manufacturers operating in the dietary supplements market mainly focus on gaining a competitive edge in the market and broadening their product portfolio through significant investments. Market players operating in the global dietary supplements market include E. I. DU PONT DE NEMOURS AND COMPANY, BASF SE, Royal DSM N.V., Glanbia Plc, Amway Enterprises, Abbott Laboratories, NBTY Inc., GlaxoSmithKline Limited and Bayer AG.

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