OTC Probiotics Supplement Market Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players- Probiotics Market Are Chr. Hansen Holding A/S,Biogaia Ab,,Probi Ab,Nestls.A.,Dowdupont Inc

Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global OTC Probiotics Supplement size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 8.35% during the review period (2022 to 2027).

Global OTC Probiotics Supplement Overview

The global OTC Probiotics Supplement market size was valued at USD 4.0 billion in 2020. The increase in the demand for quality products compliant with regulatory standards joined with the technical and financial benefits of these skills is helping businesses achieve superior position. Moreover, benefits such as customized solutions, reduction in time and cost, and development of the product flow amid cleanrooms are among key factors boosting the demand. Technological advancements associated with these technologies, from HEPA technology to the unidirectional airflow system, to the commercialization of these technologies to linked OTC Probiotics Supplement, are other factors expected to boost the shop for OTC Probiotics Supplement over the estimate period.

Who are the Prime Players in Global OTC Probiotics Supplement?

The Global OTC Probiotics Supplement includes identification and analysis of the various market participants competing in the global market. Prime competitors include  Probiotics Market Are Chr. Hansen Holding A/S,Biogaia Ab,,Probi Ab,Nestlés.A.,Dowdupont Inc., The Procter & Gamble Company,Probiotics International Limited,Lallemand Inc. Pfizer Inc.,Pharmacare Laboratories,,.Dr. Willmar Schwgroup,Symbiopharm Gmbh,, Dupont,Danone,Probi Ab, Lifeway Foods, Inc.,Kibow Biotech,Pharmavite Llc,Osmotica Pharmaceuticals Corp,Dietary Pros, Inc.,Royal Dsm And, Others

Industry News and Updates:

May 10, 2022: Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), the leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, continues to stand with the people of Ukraine by expanding humanitarian relief efforts to support those in need. Building on the Company's ongoing efforts, Lifeway will release a specially marked charity relief bottle with 100% of profits going toward Ukrainian humanitarian aid with a commitment of up to $1 million.

Apr 13, 2021: Kibow Biotech, Inc., a clinical-stage biotechnology company pioneering the discovery and development of probiotics and prebiotics for the treatment of kidney diseases beyond gut health, has announced that the U.S. Food and Drug Administration (FDA) had approved the Company's Investigational New Drug Application (IND) for US-APR2020 to treat patients with chronic kidney disease (CKD) stage IV.

What are the major Applications, Types and Regions for Global OTC Probiotics Supplement?

Market is segmented based on the type, applications, companies and regions.

By Types, it is segmented into

• Chewable & Gummies


• Capsules


• Powders


• Tablets & Softgels


• Others

By End -user, it is segmented into

• Infants


• Children


• Adults


• Geriatric

Global OTC Probiotics Supplement Regional Analysis

North America emerged as one of the most protuberant local markets accountings for a revenue share of 39% in 2020. North America has a massive population facing rising cases of obesity and digestive distress on account of their nutritional habits. As per GI Alliance, about 62 million American populace is diagnosed with a digestive disorder yearly. Thus, the rising prevalence of digestive diseases is expected to fuel probiotics demand.

Europe is predictable to grow at a significant CAGR of 6.3% over the forecast period owing to the rising adoption of addition products. For instance, as per Synadiet Survey 2020, about 36% of the surveyed population in France consumed food supplements and natural health products to boost immunity after the emergence of COVID-19. The survey stated that after the first upsurge of COVID-19 infection, about 17.0% of the surveyed population used probiotic supplements

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


•  Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Global OTC Probiotics Supplement describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global OTC Probiotics Supplement report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Global OTC Probiotics Supplement scope?

Growth Drive –

Ingesting of antibiotics per capita is growing on the backdrop of the increase in health care spending and out of concise medicinal spending. Low- and middle-income countries are growing in terms of per capita disposable income, and this factor is boosting antibiotic ingesting in these countries. Furthermore, favorable policies to push antibiotics in these countries have amplified the usage of antibiotics in some of these republics. Extreme usage of antibiotics by an individual results in inequity of microbiota, and also lowers the microbial variety as well as overall bacterial count in the gut.

Harmful effects of excess antibiotic consumption has been reported, necessitating the additional supplementation of friendly bacteria into the body. Some of these bacteria have also developed antibiotic resistant characteristics, and do not respond to the consumed antibiotics. It is thus important to replenish such bacteria in the body, thus nucleating beleaguered bacterial strain consumption. A larger chunk of such population relying on antibiotics has absorbed the importance of probiotic supplements, and have started consuming them.

Frequently Asked Question

What is the study period of this market?

The Global OTC Probiotics Supplement is studied from 2022-2027.

Who are the prime players in the Global OTC Probiotics Supplement?

Probiotics Market are Chr. Hansen Holding A/S, BioGaia AB, Probi AB, Nestlé S.A., DowDuPont Inc.

Which region held the largest share in the Global OTC Probiotics Supplement?

United States, Europe, China, Japan, Southeast Asia, India and Rest of World

What are the significant Types of   Global OTC Probiotics Supplement?

Chewable & Gummies, Capsules, Powders, Tablets & Softgels, Others

What are the major Application of   Global OTC Probiotics Supplement?

Infants, Children, Adults, Geriatric