Market Size of North America Probiotic Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Probiotic Products Market Analysis
During the time frame of the forecast, the North American probiotic products market is expected to register a CAGR of 6.3%.
The COVID-19 pandemic changed people's eating and drinking habits. People have become more conscious of the food they consume on a daily basis. With the sudden impact of the pandemic, the market witnessed a surge in demand for products that provide immunity, which is likely to impact the probiotics market positively. Due to such factors, there have been significant product launches to cater to the growing demand.
Probiotics provide benefits such as the prevention and treatment of disorders such as lactose intolerance and inflammatory bowel disease. Growing health consciousness and easier access to probiotic supplements are two factors driving market research in this area.Manufacturers are introducing innovative supplements to cater to consumer demand. For instance, they are providing personalized probiotic supplements in accordance with each person's needs as consumers become more aware of the probiotic content they should consume.Different delivery formats, such as liquids, capsules, and powders, are being introduced in the market.
Consumers have become more health conscious and have become familiar with the positive effects of probiotic supplements on health, which is believed to be propelling market demand. Various studies stating the positive impact of probiotic supplement consumption on the host are driving market demand even further. Some of the factors that lead to digestive disorders, bloating, and a reduction in resistance to infections include a poor and untimely diet, age, and stress levels. Studies have revealed that products enhanced with probiotics have been successful in moderating these conditions to a large extent.
