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ASEAN Probiotic Supplements Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The ASEAN Probiotic Supplements Market has been segmented based on product form into Tablets/Capsules​, Powders, Liquids, Other Products; By Distribution Channel into Supermarkets/Hypermarkets, Pharmacies & Drug Store, Specialty Stores, Online Stores; and Geography into Indonesia, Malaysia, Thailand, Vietnam, Singapore, Philippines and Rest of ASEAN. The report offers market size and forecasts in value (USD million) for the above segments.

Market Snapshot

Asean Probiotic Supplements Market Overview
Study Period: 2016-2026
Base Year: 2020
CAGR: 11.74 %
Asean Probiotic Supplements Market Major Players

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Market Overview

ASEAN Probiotic Supplements Market is forecasted to grow at a CAGR of 11.74% during the forecast period (2021 - 2026).

The COVID-19 outbreak has affected hundreds of thousands of people, globally. The World Health Organization declared COVID-19 a pandemic on March 11, 2020, causing a huge impact on people’s lives, and their communities. Owing to the above-mentioned factor, governments have introduced multiple measures intended to slowdown the spread of the COVID-19. Some basic initiatives include social isolation directives, limitations on business opening hours, and travel restrictions.​ The population in the region has become increasingly health-conscious during the pandemic, with a particular focus on preventative medicines, including vitamins and supplements including probiotic supplements, thus boosting sales of health products in the category. Furthermore, chemists/pharmacies could continue operating throughout the period, even during the lockdowns, ensuring that sales could continue all year round.​

With the sudden impact of COVID-19, the market has witnessed a surge in demand for products that provide immune health, which has impacted the probiotic supplements market positively in the region. Owing to such factors there is significant product launches to cater the growing demand having a positive impact on growth of ASEAN Probiotic Supplments Market. ​

The probiotics market has witnessed significant growth due to the increasing demand for health-based products among consumers, especially from the younger generations.​

The tablets/capsules segment holds the major share in the market, followed by powders and other products. The growth has been fueled by the exponential performance of probiotics owing to heavy demand from Gen-Z and millennial consumers, coupled with the advancements in probiotic technology.​

Additionally, due to the large retail space and convenient conventional services, supermarkets/hypermarkets remain one of the most preferred points of sale for probiotics. In contrast, online retail stores are expected to gain prominence in the market in the coming years.​​

Scope of the Report

Probiotics Supplments are supplements that contains living microorganisms that are known to boost health when consumed in adequate amounts. By type, the market is segmneted into tablets/capsules​, powders, liquids, other products and by distribution channel is segmented into supermarkets/hypermarkets, pharmacies & drug store, specialty stores, and online stores. By geography the market is segmented into Indonesia, Malaysia, Thailand, Vietnam, Singapore, Philippines and Rest of ASEAN. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

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Key Market Trends

Significance of Health Consciousness among Millennials

Probiotics are a driving force within the booming digestive health supplement category, and people of all age groups have been consuming them over past few years. However, the major consumption is observed among millennials due to their growing awareness of health and wellness through multi-channel publicity, which influences their consumption patterns to a large extent. This shows the awareness among people regarding the benefits of probiotic supplements. Millennials, being technologically advanced, update themselves with the facts related to health and, thereby, try to amend their routines and consumption habits accordingly. These consumers do not need practitioners’ or pharmacists’ approval for the purchase of probiotic supplements, propelling their usage in the market. This is inflating the demand for probiotic supplements, and it is therefore expected to drive the market for probiotics in the near future across Asia-Pacific, including the ASEAN region.

Asean Probiotic Supplements Market Key Trends

Indonesia holds a Significant Market Share

According to World Bank Data, Indonesia's health expenditure per capita increased from USD 27 in 2004 to USD 112 in 2018, growing at an annual rate of 11.52%. This rise is primarily due to increased demand from the younger population. Indonesians' standard of living is improving as a result of better-paying jobs that expand the middle class, which spends more on health products, including probiotic supplements. A rising population and greater consumer awareness of health issues, along with technological advancement and fast-paced life of people are leading to change in lifestyle patterns of people. A mix of traditionalist and experimentalist consumers across all age groups is leading varied consumption patterns leading to neglect of digestive health, especially for those living in cities. As a result of this upward consumer trend, numerous changes have occurred in the Indonesian probiotic supplement market, including research activities sponsored by probiotic manufacturers, which are positioned to fuel a healthy expansion during the projected period.

Asean Probiotic Supplements Market Growth Rate

Competitive Landscape

The ASEAN Probiotics Supplements market enjoys the presence of various global and regional players. The market studied was led by Procter & Gamble, BioGaia, Reckitt Benckiser LLC, Amway Corporation, Blackmores Limited, Nestle SA and Church & Dwight Co. Inc. The other prominent players in the market include PharmaCareLaboratories Pty Ltd, Nature's Way Products LLC, GNC Holdings LLC, and LACTOGG among others. In order to maintain and increase market share companies are making strategic investments and adopting various strategies like product innovation, and partnerships with local manufacturers.

Recent Developments

In Sep 2021, BioGaia partnered with Abbott to distribute probiotics to medical professionals in Singapore. The two products are Gastrus and Protectis, with the latter being the company’s most popular product targeted at gastrointestinal problems in infants and children.

In Sep 2020, Reckitt Benckiser Group PLC launched first-of-its-kind microbiome brand called Bodi-Ome. The new line of five probiotic dietary supplements uses clinically-proven, targeted probiotic strains to support digestive and immune health, as well as heart health, vaginal health, mood, and more.

In Jun 2020, Align Probiotic®, a Procter & Gamble company, launched its news expert-recommended product, Align Baby Probiotic for newborn babies. Align Baby Probiotic is developed for healthy babies and infants to help soothe fussiness and crying*, adding good bacteria to their developing tummies.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Form

      1. 5.1.1 Tablets/Capsules

      2. 5.1.2 Powders

      3. 5.1.3 Liquids

      4. 5.1.4 Other Products

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Pharmacies and Drug Stores

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 By Geography

      1. 5.3.1 Indonesia

      2. 5.3.2 Malaysia

      3. 5.3.3 Thailand

      4. 5.3.4 Vietnam

      5. 5.3.5 Singapore

      6. 5.3.6 Philippines

      7. 5.3.7 Rest of ASEAN

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Positioning Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Bio Gaia

      2. 6.3.2 Reckitt Benckiser LLC

      3. 6.3.3 Procter & Gamble

      4. 6.3.4 Amway Corporation

      5. 6.3.5 Church & Dwight Co. Inc.

      6. 6.3.6 Pharma Care Laboratories Pty Ltd

      7. 6.3.7 Nature's Way Products LLC

      8. 6.3.8 GNC Holdings LLC

      9. 6.3.9 Blackmores Probiotics

      10. 6.3.10 Nestle

      11. 6.3.11 Guangzhou Synthgensys Biotechnology Co. Ltd

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

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Frequently Asked Questions

The ASEAN Probiotic Supplements Market market is studied from 2016 - 2026.

The ASEAN Probiotic Supplements Market is growing at a CAGR of 11.74% over the next 5 years.

BioGaia, Blackmores Limited, Amway Corporation, Reckitt Benckiser LLC, Procter & Gamble are the major companies operating in ASEAN Probiotic Supplements Market.

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