Newark, New Castle, USA, April 17, 2023 (GLOBE NEWSWIRE) -- According to a recent Growth Plus Reports assessment, the Customized Probiotics Market is estimated to reach US$ 10.36 billion by 2031, with a revenue CAGR of 7.30%. The report examines the vital growth strategies, factors and prospects, competitive scenarios, shifting industry trends, market dynamics, data and forecasts, and ideal investment regions.
Key Takeaways:
- Increased prevalence of digestive disorders will drive market revenue growth.
- North America will register the fastest revenue growth in the global customized probiotics market.
- The rising demand for natural and organic products will fuel the growth of the market.
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Customized Probiotics Market Scope
| Report Attribute | Details |
| Market size value in 2022 | US$ 5.5 billion |
| Revenue forecast in 2031 | US$ 10.36 billion |
| Growth Rate | CAGR of 7.3% from 2023 to 2031 |
| Base Year for Estimation | 2022 |
| Forecast Period | 2023-2031 |
| Historical Year | 2021 |
| Segments Covered | Product Type, Consumer Group, Distribution Channel, and Region. |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Market Drivers
Increasing awareness of the possible health advantages of probiotics, such as better gut health, immunological function, and mental wellness are the major factors driving the revenue growth of the global customized probiotics market. Furthermore, technological advances in probiotic research, an increase in personalized and customized probiotic products, increased investment in research and development to develop new and innovative probiotic products, an increase in the prevalence of chronic diseases such as obesity, diabetes, and digestive disorders, and an increase in demand for natural and organic products free of artificial ingredients and additives contribute to the market's revenue growth rate.
Market Segmentation
Growth Plus Reports has analyzed the global customized probiotics market from four perspectives: Product Type, Consumer Group, Distribution Channel, and Region.
Product Type Segmentation: Based on the product type, the global customized probiotics market is segmented into food and beverage, dietary supplements, and others. The dietary supplements segment dominates the market with the largest revenue share because several diet supplement producers emphasize the addition of a unique type of dietary fiber including probiotics and prebiotics to combat yeast infections, eczema, diarrhea, and gas.
Consumer Group Segmentation: Based on the consumer group, the global customized probiotics market is segmented into adult and pediatric. The adult segment dominates the market because adults are more prevalent to have digestive issues.
Distribution Channel Segmentation: Based on the distribution channel, the global customized probiotics market is segmented into online stores, and retail pharmacies. The online store segment dominates the market because of the changing customer purchasing behavior, vast selection of items, the simplicity of online shopping, the option to choose the quantity and delivery time that works best for them, and discount offers.
Regional Growth Dynamics
Based on the region, the global customized probiotics market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the global customized probiotics market with the largest revenue share. The dominance of North America can be attributed to the growing awareness of the benefits of probiotics in maintaining gut health and overall wellness, the high prevalence of digestive disorders such as irritable bowel syndrome (IBS), inflammatory bowel disease (IBD), and other gastrointestinal disorders conditions, the growing shift towards natural and organic solutions to address health concerns, and the growing research and development to develop innovative probiotic formulations that can cater to the unique needs of individuals.
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Competitive Landscape
The prominent players in the global customized probiotics market are:
- Custom Probiotics Inc.
- Hiral Health
- DuPont Health and Nutrition
- Vaster Life Sciences
- Biovencer Healthcare
- Unique Biotech
- uBiome, Inc.
- Viome Life Sciences
- Probi AB
- Quantbiome, Inc.
- DSM Nutritional Products AG
- Creative Biogene
- Sun Genomics
- Stauber USA
The customized probiotics market is extremely competitive, with many players involved. Market leaders increasingly use mergers, collaborations, and acquisitions to increase their market share and launch new drugs and products.
Recent developments:
- Floré by Sun Genomics partnered with Royal DSM, whose investment arm, DSM Ventures, also invested in Floré in January 2023.
- MicroBiotics Therapeutics firm MicroBiotics Pharma acquired European Union funding in October 2020 to develop technology capable of providing personalized probiotics to treat gut-related illnesses.
- insights.Viome Life Sciences launched Viome Precision supplements in September 2020, an individualized supplement formulation based on an individual's cellular, mitochondrial, and gut microbiome health insights.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2021
- Base Year – 2022
- Forecast Years – 2023 to 2031
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2022)
- Regulatory Landscape
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL CUSTOMIZED PROBIOTICS MARKET - ANALYSIS & FORECAST, BY PRODUCT TYPE
- Food and Beverage
- Dietary Supplements
- Others
- GLOBAL CUSTOMIZED PROBIOTICS MARKET - ANALYSIS & FORECAST, BY CONSUMER GROUP
- Adult
- Pediatric
- GLOBAL CUSTOMIZED PROBIOTICS MARKET - ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
- Online
- Retail
CUSTOMIZED PROBIOTICS MARKET TOC
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