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The Global Dietary Supplements Cultures Market Size is predicted to register at an 8.41% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The aging global population creates opportunities for dietary supplement cultures targeting age-related health concerns.
- Increasing awareness about the importance of health and wellness is a significant driver.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- The dietary supplement industry is subject to complex and evolving regulations.
Dietary Supplements have quickly been included in consumers’ diets to fulfil human nutritional inadequacies. Hence, the adoption of dietary Supplements is expected to increase in the near future as concerns grow over the health care benefits. Growing adoption of different kinds of diet Supplements, like minerals, vitamins, and immunity-boosting products, to complete a healthy diet requirement are factors expected to drive the growth of the dietary Supplements cultures market. Growing consumer health awareness and an increasing number of dietary Supplements applications in various industries are some of the other factors expected to augment the target market growth in the next coming years.
However, the high cost of dietary Supplements and availability of synthetic products, coupled with the COVID-19 outbreak, are factors that may limit the growth of the target market during the forecast period. Furthermore, increasing R&D activities, government initiatives to use sustainable components for production, and prominent players' investments are expected to create lucrative growth opportunities in terms of revenue for players operating in the dietary Supplements cultures market over the forecast period.
Competitive Landscape:
Some of the major key players in the dietary Supplements cultures market are:
- BioGaia AB
- DuPont
- Nutraceutical Inc.
- Hansen Holding A/S
- Dohler
- Vitakem DSMZ
- Frutarom Health
- Genesis Laboratories
- Sacco SRL
- Mediterranea Biotechnologies SRL
- Biochem SRL
- Dalton Biotechnologies SRL
- THT S.A.
- Codex-ing Biotech Ingredients
- Bioprox
- Benny Impex
- ABsource Biologics
- Alliance India
Market Segmentation:
The Dietary Supplements cultures market is segmented on the basis of micro-organism type, application, and functionality. Based on micro-organism type, the market is segmented as bacteria, yeast and mould. By application, the market is segmented into Dairy Industry (cheese, yoghurt, and other fermented milk products), the meat industry and beverages. By functionality, the market is segmented into preservative agents, texturing agents, others (coloring agents and nutritional agents) and flavoring agents.
Based On Micro-Organism Type, The Bacteria And Yeast Segment Is Accounted As A Major Contributor In The Dietary Supplements Cultures Market
The yeast and bacteria category is expected to hold a major share of the dietary Supplements cultures market in 2021. This is attributed to the growing usage of bacteria and yeast as it is cheap and environmental-friendly. Thus, there is a rise in the use of fermented products by consumers. Additionally, increasing demand for fermented food expanded dramatically due to their extended shelf life and favorable properties of lifespan.
Dairy Industry Segment Witnessed Growth At A Rapid Rate
The Dairy industry segment is projected to grow at a rapid rate in the dietary supplement cultures market owing to growing concerns towards health care benefits. Hence, with the growing popularity of dietary Supplements there is an increase in demand for dairy products in the dairy industry, especially in countries such as the US, Germany, the UK, China, and India.
In The Region, The North America Dietary Supplement Cultures Market Holds Significant Revenue Share.
The North America dietary Supplements cultures market is expected to register the highest market share in terms of revenue in the near future. This can be attributed to the substantial focus on the consumer’s health in the region, with the increasing adoption of dietary Supplements in different industries, including dairy industries, meat industries and beverage industries. In addition, the diet supplement industry in the region is focusing on the production of dietary products to develop sustainable and environmental-friendly solutions. In addition, Asia Pacific is projected to grow at a rapid rate in the dietary Supplements cultures market due to growing concerns about the environment, rapid industrialization, government initiatives, and increasing funding in various industries.
Recent Developments:
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In Sept 2020, DuPont Nutrition & Biosciences (DuPont) has introduced a new range of dairy cultures and probiotic formulations specifically designed for the Chinese market. These innovative solutions provide yogurt manufacturers with opportunities for product differentiation and set them up for future expansion. Reports indicate that the introduction of new cultures has resulted in accelerated fermentation and increased levels of probiotics. Furthermore, these advancements have been achieved without compromising the mild flavor and high-quality texture that consumers expect.
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In April 2023, BioGaia AB (publ) has introduced a probiotic dietary supplement that is specifically formulated for women who are pregnant or intending to become pregnant. Prenatal Care was a probiotic dietary supplement designed for expectant mothers and women who were considering pregnancy. It included folic acid, iron, and vitamin D3, in addition to BioGaia's patented bacterium strain L. reuteri DSM 17938.
Dietary Supplements Cultures Market Report Scope:
|
Report Attribute |
Specifications |
|
Growth rate CAGR |
CAGR of 8.41% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Micro-Organism Type, Application, And Functionality |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
BioGaia AB, DuPont, Chr. Nutraceutical Inc., Hansen Holding A/S, Dohler, Vitakem DSMZ, Frutarom Health, Genesis Laboratories, Sacco SRL, Mediterranea Biotechnologies SRL, Biochem SRL, Dalton Biotechnologies SRL,THT S.A., Codex-ing Biotech Ingredients, Bioprox, Benny Impex, ABsource Biologics, and Alliance India. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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