In this report, Research Report Insights offers a 10-year forecast of the global senior probiotics supplements market between 2017 and 2027. In terms of value, the market is expected to expand at a CAGR of 9.8% over the forecast period. The current study reveals the market trends and market dynamics in all seven regions that are expected to positively affect the current market environment and future scenario of the senior probiotics supplements market over the forecast period.
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This RRI report inspects the senior probiotics supplements market for the period 2017–2027. The prime objective of this report is to offer insights into developments in the senior probiotics supplements market that are gradually helping transform global businesses associated with the same.
The global senior probiotics supplements market report begins by the executive summary and defining various categories and their share in the senior probiotics supplements market. It is followed by market dynamics, overview of the global senior probiotics supplements market, which includes RRI analysis of market drivers, restraints, opportunities and trends that are affecting growth of the senior probiotics supplements market. Furthermore, to understand the popularity of the market segment and regions, the attractiveness index with elaborated insights on the same is provided, which will show the market’s attractiveness based on the factors such as CAGR and incremental opportunity.
Elders are becoming aware about the health benefits probiotics supplements which in turn is surging the demand for senior probiotics supplements based products. Thus, enhancing the sales for formulation containing probiotic supplements. By the end of 2016, over 550 million people were aged over 65 year or older, which translates to roughly 8% of the world population. Over next thirty years, the number of people ageing sixty year or above will increase thrice and projected to surpass 1.5 billion- representing over 15% of the global population.
Associated health benefits of probiotic supplements, digestive system is responsible for catalyzing the food products consumed and absorption of vitamins and minerals from food and nutritional supplements, maintaining the digestive health is very important factor in optimizing nutrient intake and preventing from deficiency related bodily conditions. If the body remains deficient of required essential nutrients, immune function is likely to be compromised and there is higher probability of developing several health concerns. Medical practitioners and individuals realized the associated health benefits and thus recommending probiotic supplement to senior instead of high dosage of chemical based medicines.
The market is segmented based on bacteria, formulation type, distribution channel, and region. On the basis of bacteria type segmentation includes Lactobacillus, Streptococcus, Bifidobacterium and others. Based on formulation type, the market is segmented into capsules, tablets, liquid, and powder premixes. Among all the formulation type segment, capsule is expected to account for the highest market share, followed by powder premixes over the forecast period. The capsule segment is expected to register a significant CAGR of 11.4% during the forecast period in terms of value. The powder premixes is projected to register a CAGR of 9.0% over the forecast period in terms of value. The factors fuelling demand for probiotics supplements in elders is that, as their bodies cannot easily digest food and they also have lack of immune support. These factors are collectively supporting demand for probiotic supplements among the global elderly population.
Senior Probiotics Supplements can be classified as pharmacy stores, specialty stores, hypermarket/supermarket, and e-commerce based on distribution channel segment. Among all the distribution channel type segments, specialty stores segment is expected to exhibit a significant CAGR over the forecast period. Specialty stores segment is expected to continue its dominance in terms of market share over the forecast period.
The next section of the report highlights the senior probiotics supplements adoption, by region, and provides the market outlook for 2017–2027. The study investigates the market attractiveness regionally, as well as analyses the limit to which the trends are influencing the senior probiotics supplements market in each region. Main regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). The sections, by form, and by application, evaluate the present scenario and growth prospects of the regional senior probiotics supplements market for 2017–2027. Increasing focus of global key players for expansion in Western Europe and APEJ region is expected to increase the senior probiotics supplements market share in these regions. The North America market has been estimated to dominate the senior probiotics supplements market, accounting for maximum revenue share of the market by 2017 end. Collectively, North America and Western Europe markets are expected to account for over 70.6% revenue share of the global senior probiotics supplements market by 2017 end. Among the emerging markets, APEJ is estimated to exhibit a significant CAGR of 8.8% over the forecast period, followed by Western Europe market, due to the increasing elderly population.
To ascertain the senior probiotics supplements market size, we have also taken into account the revenue generated by the various manufacturers. The forecast presented here assesses the total revenue generated by value, across the senior probiotics supplements market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the senior probiotics supplements market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the senior probiotics supplements market and identify the right opportunities across the market.
The senior probiotics supplements segments based on bacteria, formulation type, distribution channel, and region, have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the senior probiotics supplements market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is overlooked while forecasting the market. However, absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the senior probiotics supplements market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report.
To understand key growth segments in terms of growth and adoption for senior probiotics supplements globally, Research Report Insights developed the senior probiotics supplements market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.
In the final section of the report on senior probiotics supplements, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in total senior probiotics supplements market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the senior probiotics supplements marketplace.
Detailed profiles of senior probiotics supplements production companies are also included in the report to evaluate their long– and short–term strategies, key product offerings and recent developments in the senior probiotics supplements market. Key market competitors covered in the report include Church & Dwight Co. Inc., DR. WILLMAR SCHWABE GROUP, The Clorox Company, i-Health, Inc., Jarrow Formulas, NOVA Probiotics, Natural Factors Inc., Total Nutrition, Inc., PharmaCare Laboratories, BioGaia AB, and Lifeway Foods, Inc.
Key Segments Covered
- By Bacteria
- By Formulation Type
- Powder Premixes
- Key Regions/Countries Covered
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Rest of APEJ
- Middle East & Africa
- South Africa
- Rest of MEA