The Psychobiotic Supplements Market is seeing impressive development as people’s awareness of the gut-brain connection grows. These pills are thought to enhance mood and mental health because they contain good microorganisms. The industry is anticipated to grow significantly in response to the growing need for mental health support and the growing interest in holistic well-being.
Future Market Insights’ study indicates that over the projected period, the psychobiotic supplements market is expected to grow at a compound annual growth rate (CAGR) of 3.70%. Forecasts state that the market will increase from US$ 140.3 million in 2023 to US$ 201.8 million in 2033.
Living bacteria termed probiotics are a component of a family of supplements known as psychobiotics, which are supposed to enhance mental health and wellness. Fermented foods like yoghurt and kefir, as well as dietary supplements, naturally contain probiotics.
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The gut microbiome, or the group of bacteria that live in the gut, is thought to have an effect on how the brain and behaviour work. Probiotic supplements are thought to help the gut’s microbial balance, which may subsequently have a favourable impact on mood, anxiety, and other elements of mental health.
While research into the benefits of psychobiotics is still in its early stages, some studies have suggested that they may help to improve mood and reduce symptoms of depression and anxiety. However, more research is needed to fully understand their effects and the mechanisms by which they may be beneficial.
It is important to consult with a healthcare professional before taking any new supplement, including psychobiotics, to determine if they are appropriate and safe for you, and to ensure that they do not interact with any other medications you may be taking.
Growing Consumer Awareness about Gut Health Driving the Demand for Psychobiotic Supplements Industry across the Globe.
The ability of psychobiotics supplements to benefit the body’s overall functions, such as consumer digestion, is expected to drive growth. In addition, the ability of supplements to meet specific customer needs, such as immunity and gastrointestinal functions, and recent developments in product development are expected to help increase demand.
In 2019, Kerry group 2,100 health conscious people in U.S. as a part of global survey, they found 62% respondents were aware about probiotics & 32% respondents used probiotics in the last six months. Among U.S. citizens who are aware of probiotics, 79 % of respondents said that promoting good digestive health is the most essential health benefit they pursue in a product. The health-conscious people in U.S driving the growth of global psychobiotic supplements industry
Manufacturers are focusing on innovation in psychobiotic supplements products with new forms, special diet needs, and packaging. Manufacturers are launching vegan and gluten-free psychobiotic supplements due to which the demand for psychobiotic supplements is rising from health-conscious and vegan consumers.
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Psychobiotic Supplements Market: Regional Analysis
North America holds the maximum share of psychobiotic supplements industry as number of health-conscious consumers is increasing rapidly. The awareness of healthy lifestyle and nutritious food is rising in Asia Pacific, it is expected to witness highest growth during the forecast period.
Nutritional supplements targeted as psychobiotics supplements in the United States are projected to remain dominant over the forecast period. The growing preference towards preventive healthcare care, a wide range of products and a high level of awareness of its use are anticipated to support the sales of psychobiotics supplements market.
Asia Pacific is set to grow at the fastest rate market and is projected to see a strong growth rate during the forecast period. Increasing populations, combined with an increase in living standards and an increase in disposable income, are expected to gain regional demand for psychobiotics supplements. Strong demand from countries like India and China is likely to boost regional demand for psychobiotic supplements market.
Psychobiotic Supplements Market: Key Players
- Lifted Naturals
- Lallemand Health Solutions Inc.
- Uplift Food Pty Ltd.
- DuPont
- BioGaia
- Nature’s Bounty Co.
- Life Extension
- Kerry Group
- Bened Biomedical Co., Ltd.
- NEURAXPHARM
Developments:
- Neuraxpharm Group, a leading European specialty pharmaceutical company collaborated with Bened Biomedical to expands portfolio of Consumer Healthcare products
The research report presents a comprehensive assessment of the psychobiotic supplements industry and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as nature, source, form, and end use
The report covers exhaustive analysis on:
- Psychobiotic supplements industry Segment
- Psychobiotic supplements industry Dynamics
- Psychobiotic supplements market Size
- Psychobiotic Supplements Supply and Demand
- Current Trends/Issues/Challenges pertaining to Psychobiotic supplements market
- Competition Landscape and Emerging Market Participants in Psychobiotic supplements market
- Technology related to Production/Processing of Psychobiotic Supplements
- Value Chain Analysis of the Psychobiotic supplements market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Psychobiotic Supplements Market Segmentation:
On the basis of application, psychobiotic supplements can be segmented as:
- Food Supplements
- Nutritional Supplements
- Specialty nutrients
- Infant Formula
- Dietary Supplements
On the basis of form, psychobiotic supplements can be segmented as:
- Powder
- Liquid
- Capsules
- Tablets
On the basis of distribution channel, psychobiotic supplements can be segmented as:
- Store Based Retail
- Supermarkets/ Hypermarkets
- Specialty Stores
- Pharmacies & Drugstore
- Others
- Online Retail
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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