Global Probiotic Market for Kids is valued at approximately USD 1679.01 million in 2023 and is anticipated to grow with a healthy growth rate of more than 5.36% over the forecast period 2024-2032. The probiotic market for kids is gaining significant traction due to the rising prevalence of digestive disorders among children, prompting a shift towards probiotics for their proven benefits in alleviating such conditions. Probiotics, which are live beneficial bacteria and yeasts, are increasingly being recommended by pediatricians to support children's overall well-being and to maintain a healthy digestive system. The development of kid-friendly probiotic formulations such as chewable tablets and gummies is a trend driving market growth, making it easier for children to consume these beneficial supplements.
The Global Probiotic Market for Kids is driven by increasing number of paediatricians are endorsing probiotics for children, recognizing their role in maintaining gut health and boosting immunity. Additionally, the market is benefitting from the ongoing development of new and appealing probiotic products specifically designed for children, including chewable tablets and gummies. These products cater to the health needs of children and also appeal to their taste preferences, thereby enhancing compliance. Moreover, preventive healthcare trends and expansion of eCommerce Platforms are anticipated to create lucrative opportunities for the market. However, availability of counterfeit products is going to impede the overall demand for the market during the forecast period 2024-2032.
The key regions considered for the Global Probiotic Market for Kids study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America, was the dominating among regional market in terms of revenue owing to factors such as increased awareness about the health benefits of probiotics for children is driving market expansion. Furthermore, The Asia Pacific region is witnessing rapid market growth due to rising disposable incomes and growing health consciousness among consumers, with countries such as China and Japan emerging as significant markets for probiotic products due to their increasing focus on preventive healthcare.
The major market players included in this report are:
Culturelle
BioGaia AB
Nutrition Care
BIOSTIME
Natural Factors Inc.
NOVA Probiotics
Jarrow Formulas
Life-Space
The Clorox Company
Dr. Willmar Schwabe Group
Church & Dwight Co. Inc.
Swanson
The detailed segments and sub-segment of the market are explained below:
By Product:
Liquid Drops
Powder
Ready-to-feed Liquids
Chewable Tablets
Gummies
By Strain Type:
Lactobacillus
Streptococcus
Bifidobacterium
Propionibacteria
Enterobacteria
Saccharomyces
By Sales Channel:
Hypermarket/Supermarket
Specialty Stores
eCommerce
Drug Stores & Pharmacies
Health & Wellness Stores
Convenience Store
Departmental Stores
Mass Grocery Retailers
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market