According to the research report titled ‘Global Probiotic Supplement Market (2021 Edition) - Analysis by Ingredient (Bacteria Based, Yeast Based), Application, Distribution Channel By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global probiotic supplement market had generated revenues worth USD 6.28 billion in 2020 and is likely to showcase a robust CAGR during 2021-2026.
 

The rapid expansion of global probiotic supplement market can be attributed to rising cognizance regarding the benefits of the product and growing demand from the millennial population. Probiotic supplements are known to have numerous health benefits. This coupled with rising health awareness are contributing towards the overall market expansion.
 

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As per ingredient type, the industry is split into yeast-based and bacteria-based segments. The report cites that global probiotic supplement industry share from bacteria-based segment is predicted to expand substantially during the study period. The ingredient is popularly known to have tremendous health benefits, such as improves digestion as well as restore normal flora. Moreover, probiotic supplements can be used to treat bowel disorders, lactose intolerance, vaginal yeast infections, eczema, and urinary tract infections, which in turn is contributing towards its popularity across the globe.
 

The application landscape of the overall market comprises of infant formula, pet food, supplements, and food & beverage segments.
 

Citing the distribution channel, the market is categorized into online retail, pharmacy/drug store, and hypermarket/supermarkets. The report claims that the hypermarket/supermarkets segment is expected to generate lucrative revenues for global prebiotic supplement market. However, the online retail segment is also expected to showcase a strong CAGR in the ensuing years, primarily due to increased internet penetration.
 

Considering the geographical landscape, Asia Pacific probiotic supplement market is expected to amass notable gains by the year 2026. Factors such as high concentration of leading companies and growing millennial population are complementing the business dynamics in Asia-Pacific.
 

The prominent companies operating in global probiotic supplement market are Taisho Pharmaceuticals Holdings Co. Ltd., Bayer AG, BioGaia, Novartis AG, The Procter & Gamble Company, and Sanofi S.A. among others.