North America Probiotic Supplements Market Research Report: Forecast (2023-2028)

By Form (Solid Form (Tablets, Capsules, Gummies, Powder, Chewable, Others)), By End User (Infant, Kids, Adults (16-35 Years, 36-50 Years, 51-65 Years, Above 66 Years)), By Distribu......tion Channel (Pharmacies, Health & Beauty Speciality Stores, Supermarkets & Hypermarkets, Convenience Stores, Online Stores (Via E-commerce Players, Supplier Selling Via Own Website)), 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)), By Country (US, Canada, Mexico), By Company (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.) Read more

  • Food & Beverages
  • Mar 2023
  • 165
  • PDF, Excel, PPT

Market Definition

Probiotic supplements are added food products such as tablets, capsules, chewable, gummies, etc., consumed with the food to improve the nutritional intake, enhance immunity, and prevent diseases. Probiotic refers to bacteria or yeast that are conducive to human health by providing various benefits such as the prevention of multiple diseases as well as improving immunity. Furthermore, the rising awareness among consumers about the health benefits of consuming probiotic supplements ranging from digestive health, oral care, immune boosters, etc., proliferated the demand for probiotic supplements in North America.

Market Insights & Analysis: North America Probiotic Supplements Market (2023-28)

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. The high consumption of processed food, the presence of high calories, saturated fat & added sugar, and the lack of proper nutrients in a typical American diet are the factors responsible for market growth. Furthermore, an upsurge in research grants for the development of new probiotic supplements & rising probiotic sports supplements in the region greatly contributed to the market growth. 

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 5.76%
Country Covered The US, Canada, Mexico
Key Companies Profiled 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.
Unit Denominations USD Million/Billion

 

Moreover, the US & Canada are the major contributors to the growing demand for probiotic supplements in line with the rising health awareness among individuals due to the increase in immune infection rates. As a result, the demand for probiotic supplements escalated to about 10% in the region.

Furthermore, additional funding provided by various investors to probiotic supplement startups, as well as the formation of distribution agreements with existing retailer chains & distributors to add new probiotic flavors & skincare products to the North American market, are expected to drive revenue growth of probiotic supplements in the coming year.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of COVID-19 on North America Probiotic Supplements Market
  5. North America Probiotic Supplements Market Trends & Insights
  6. North America Probiotic Supplements Market Dynamics
    1. Drivers
    2. Challenges
  7. North America Probiotic Supplements Market Regulations & Policies
  8. North America Probiotic Supplements Market Supply Chain Analysis
  9. North America Probiotic Supplements Market Hotspots & Opportunities
  10. North America Probiotic Supplements Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Form
        1. Solid Form
          1. Tablets
            1. By End User
              1. Kids (3.1 to 15 years)
              2. Adults (Above 15 years)
          2. Capsules
            1. By End User
              1. Kids (3.1 to 15 years)
              2. Adults (Above 15 years)
          3. Gummies
            1. By End User
              1. Kids (3.1 to 15 years)
              2. Adults (Above 15 years)
          4. Powder
            1. By End User
              1. Infants (Upto 3 Years)
              2. Kids (3.1 to 15 years)
              3. Adults (Above 15 years)
          5. Chewable
            1. By End User
              1. Kids (3.1 to 15 years)
              2. Adults (Above 15 years)
          6. Others
      2. By End User
        1. Infant
        2. Kids
        3. Adults
          1. 16-35 Years
          2. 36-50 Years
          3. 51-65 Years
          4. Above 66 Years
      3. By Distribution Channel
        1. Pharmacies
        2. Health & Beauty Speciality Stores
        3. Supermarkets & Hypermarkets
        4. Convenience Stores
        5. Online Stores
          1. Via E-commerce Players
          2. Supplier Selling Via Own Website
      4. By Diseases
        1. Digestive Health
          1. Lactose Intolerance
          2. Constipation
          3. Others (Ulcerative Colitis, Colic, etc.)
        2. Irritable Bowel Syndrome (IBS)
        3. Oral Disease
        4. Immunity-based Disease
        5. Others
          1. Cardiovascular Diseases
          2. Respiratory Infections
          3. Obesity
          4. Memory/Mood/Relaxing
      5. By Country
        1. The US
        2. Canada
        3. Mexico
      6. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
    3. The US Probiotic Supplements Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form
        2. By End User
        3. By Distribution Channel
        4. By Disease
    4. Canada Probiotic Supplements Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form
        2. By End User
        3. By Distribution Channel
        4. By Disease
    5. Mexico Probiotic Supplements Market Outlook, 2018-2028
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Form
        2. By End User
        3. By Distribution Channel
        4. By Disease
  11. North America Probiotic Supplements Market Key Strategic Imperatives for Growth & Success
  12. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1.  Yakult Honsha Co. Ltd
      2. Nestle S.A
      3. BioGaia AB
      4.   Chr. Hansen Holding A/S
      5. Danone S.A
      6. Kirkman Group Inc.,
      7. American Biologics LLC
      8. Biena Inc.
      9. Biotix Care
      10. Deerland Probiotics and Enzymes Inc.
      11. Others
  13. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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