Probiotics Gummies Market Report Overview
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The global probiotics gummies market size was USD 195.3 million in 2022 and is projected to touch USD 321.57 million by 2031, at a CAGR of 5.7% during the forecast period.
Probiotics are living microorganisms that improve health when consumed in sufficient quantities. There are numerous types, which can be obtained through foods or supplements. They are live bacteria and yeasts that have been shown to benefit human health. They can be found in foods like yogurt and kefir. Probiotics are commonly used to improve gut health, but they may also promote weight loss and lower the risk of certain diseases.
Probiotics are said to restore the balance of bacteria in the gut after it has been disrupted, for example, by long-term antibiotic use or gastrointestinal disease. When these probiotics are administered, they must be alive. Lactobacillus and Bifidobacteria are two of the most well-known probiotic bacteria that have been extensively researched. The majority of Lactobacillus strains have been studied to assess their potential benefits for the treatment of inflammatory bowel disease, antibiotic-associated diarrhea, and irritable bowel syndrome.
Probiotics gummies are a delicious and convenient way to consume probiotics. Consumption of these probiotic-infused products has increased in recent years, owing to a growing preference for preventive healthcare. Gummy bears are a popular snack, so it comes as no surprise that there are now numerous brands of probiotics gummies available. They are just as effective as other probiotic forms like capsules and powders. However, keep in mind that not all gummies are created equal. Some gummies may contain more live bacteria than others, and some may be easier to absorb by your body.
COVID-19 Impact: Rise in Health Awareness Boosted Market Expansion
The COVID-19 pandemic has had an uneven impact on the industry as a whole. Because of the decrease in manufacturing, COVID-19 initially had a significant impact on the market. The enactment of the lockdown halted manufacturing activities, resulting in a reduction in supply. Furthermore, travel restrictions around the world made it difficult to transport raw materials, negatively impacting the global economy. However, following the removal of lockdown restrictions and vaccinations, the nutraceuticals industry, including the gummy supplements market, recovered and experienced rapid growth.
Probiotics gummies demand increased during the COVID-19 period due to studies claiming that these gummies can help boost the immune system. Consumers have become more concerned about their health and wellness as a result of COVID-19.
Latest Trends
"Social Media Advertisements to Attract People and Drive the Market Growth "
Since these gummies are in various shape, flavor, and size to attract both kids and adults, there are lots of social media influencers who advertise the probiotic gummies they use via their social media handle. This growing influence of social media and celebrity endorsements is also expected to boost the probiotics gummies market. Because of the increasing penetration of the internet and smartphones, the number of social media players has grown dramatically in recent years. People try to follow social media influencers and celebrities because they are heavily influenced by them. The growing influence of social media and celebrities on people benefits brands.
Probiotics Gummies Market Segmentations
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- By Type
The market is classified into digestive support and immune support on the basis of type. The digestive support segment will lead the global probiotics gummies market share through 2031.
- By End User
The market is classified into for child and for adult. For child segment will lead the global probiotics gummies market share through 2031.
Driving Factors
"Increasing Preventive Health Preference among Consumers to Drive Market Growth"
Health and fitness have gained popularity in recent years as a result of the rising prevalence of various diseases, such as cancer and cardiovascular disorders, as well as several medical conditions, such as diabetes, high blood pressure, obesity, and high cholesterol. People have become more aware and concerned about their health and appearance in recent years, which has led to an increase in the global popularity of probiotics gummies. Millions of people of all ages, backgrounds, and locations around the world are embracing fitness to improve their physical health and overall well-being, driving up the demand. As a result, the growing consumer preference for preventive health and thereby immune support fuels global probiotics gummies market growth.
"Technological Advancements to Drive Market Growth"
Technological advancements in the probiotics gummies market are another key growth driver, thereby enabling efficient production, expanding product portfolio, sophisticated design and packaging, effective operational maintenance, and sales monitoring.
Restraining Factors
"Fluctuating Raw Materials to Hamper Market Growth"
Fluctuating raw materials for the production of probiotic gummies is the major restraining factor. Due to its limited availability, the production of probiotic gummies decreases and thereby hampering the market growth.
Probiotics Gummies Market Regional Insights
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"North America Leads the Market as a Result of Rising Demand"
North America is the major region of the global market, which takes about 55% market share. Due to an increase in obesity, urinary tract infections, yeast infections, and other disorders, the U.S is the region's largest probiotics gummies market. As a result, consumers in the region are increasingly turning to gummy supplements. Furthermore, key players such as Digestive Advantage, Walgreens, CVS Pharmacy, etc. dominate the region. These companies are constantly working to meet the growing demand for probiotics gummies.
Key Industry Players
"Leading Players Adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the global probiotics gummies market.
List of Market Players Profiled
- Digestive Advantage (U.S.)
- Walgreens (U.S.)
- CVS Pharmacy (U.S.)
- Renew Life (U.S.)
- Nature’s Bounty (U.S.)
- Fortify (U.S.)
- Nature’s Way (U.S.)
- Rainbow Light (U.S.)
- Smarty Pants (U.S.)
- Jamieson (Canada)
- Olly (U.S.)
- Nordic Naturals (U.S.)
- Rexall Sundown (U.S.)
REPORT COVERAGE
In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 195.3 Million in 2022 |
Market Size Value By |
US$ 321.57 Million by 2031 |
Growth Rate |
CAGR of 5.7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the Probiotics Gummies market expected to touch by 2031?
The Probiotics Gummies market is expected to reach a value of USD 321.57 million by 2031.
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What CAGR is the Probiotics Gummies market expected to exhibit by 2031?
The Probiotics Gummies market is expected to exhibit a CAGR of 5.7% by 2031.
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Which are the driving factors of the Probiotics Gummies market?
The increasing preventive health preference and technological advancements are some of the major driving factors of the market.
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Which are the top companies in the Probiotics Gummies market?
The top companies in the market include Digestive Advantage, Walgreens, CVS Pharmacy, Renew Life, Natures Bounty, and Fortify.