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 MarketStudyReport, worldwide probiotic supplement market was worth USD 6.28 billion in the year 2020 and is projected to rise at a significant rate through 2026.

Increasing awareness regarding the health benefits of the product, in consort with surging focus among millennials on maintaining personal well-being are propelling the growth of global probiotic supplement market.

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By ingredient type, the market segmentation comprises yeast-based and bacteria-based ingredients. The bacteria-based segment is expected to observe considerable growth through 2026, due to the several health benefits like improving digestion, restoring normal flora, and treating infections like eczema, lactose intolerance, irritable bowel, diarrhoea, urinary tract infections, and vaginal yeast infections. 

Based on the application spectrum, worldwide probiotic supplement market is categorized into supplements, pet food, infant formula, and food & beverages.

Analysing the market by distribution channel, segmentation includes pharmacy/drug store, supermarket/hypermarket, and online retail. Among these, online retail segment is expected to contribute to substantial market growth during 2021-2026, owing to the increased use of the internet, and consumer preference for online platforms for purchasing supplements. 

Apart from examining the different segments of the market, the report also elucidates the impact of the COVID-19 outbreak on the overall dynamics, accompanied by the speculations from Porter’s Five Forces model and SWOT.

Moving on to the regional spectrum, Asia Pacific market is expected to progress tremendously during the forecast period, owing to the rise in demand for probiotic supplements from millennials, and the dense presence of topmost players in the region.

Speaking of the competitive outlook, companies such as Bayer AG, Novartis International AG, Sanofi S.A., Taisho Pharmaceuticals Co. Ltd., BioGaia, and The Procter & Gamble Company are prominently influencing global probiotic supplement market trends. These pythonic organizations are consistently discovering new strategies and tactics to expand their business and strengthen their position in the market.