The Global Dietary Supplements Cultures Market Size is predicted to register at an 8.20% CAGR during the forecast period for 2023-2031.
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.
- In May 2021, Herbalife Nutrition and The Herbalife Nutrition Foundation established a new partnership with the Asociacion Mexicana de Bancos de Alimentos ("BAMX"), a nonprofit organization to meet the requirements of people who are dealing with food insecurities in Mexico through community-based food distribution.
- In November 2021, ADM acquired Deerland Probiotics & Enzymes. The company's solutions and products include spore probiotics, which provide enhanced stability for broader use in pet nutrition, food & beverages and supplement applications.
Some of the major key players in the dietary Supplements cultures market are:
- BioGaia AB
- Nutraceutical Inc.
- Hansen Holding A/S
- Vitakem DSMZ
- Frutarom Health
- Genesis Laboratories
- Sacco SRL
- Mediterranea Biotechnologies SRL
- Biochem SRL
- Dalton Biotechnologies SRL
- THT S.A.
- Codex-ing Biotech Ingredients
- Benny Impex
- ABsource Biologics
- Alliance India
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.
Dietary Supplements Cultures Market Report Scope:
Growth rate CAGR
CAGR of 8.20% from 2023 to 2031
Representation of revenue in US$ Million, and CAGR from 2023 to 2031
2019 to 2022
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Micro-Organism Type, Application, And Functionality
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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
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.
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