The probiotic supplement industry is anticipated to be worth USD 500.2 million in 2023. The probiotic supplement sales in Japan are on track to reach USD 1,367.4 million by 2033. From 2023 to 2033, the probiotic supplement sector in Japan is anticipated to expand at a notable CAGR of 10.6%.
Demand for probiotic supplement in Japan has increased due to consumers' growing health consciousness and familiarity with their advantages. The probiotic supplement demand in Japan is driven by numerous studies demonstrating probiotic supplementation's beneficial effects on the host. In response to consumer demand, manufacturers of probiotic supplement in Japan are launching cutting-edge supplement.
Determinants of Growth in Japan's Probiotic Supplement Sector
Attributes | Details |
---|---|
Demand Analysis (2023) | USD 500.2 million |
Demand Forecast (2033) | USD 1,367.4 million |
CAGR Estimation (2023 to 2033) | 10.6% |
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A thorough segmentation analysis of probiotic supplement in Japan is included in this section. The producers of probiotic supplement are closely monitoring market trends and the expanding demand in the women segment. Similarly, the lactobacillus segment outshines other bacteria type categories.
Segment | Women |
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Industry Share in 2023 | 43.6% |
Segment | Lactobacillus |
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Industry Share in 2023 | 37.9% |
The probiotic supplement industry in Japan is staggeringly competitive. Emerging probiotic supplement manufacturers in Japan are expected to enter the probiotic sector as its popularity increases. Established probiotic supplement companies in Japan are likely to face fierce competition from this. Evolving Japanese probiotic supplement producers are trying to mimic the advertising and publicity campaigns carried out by industry titans.
Recent Developments Observed in Probiotic Supplement in Japan
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Attribute | Details |
---|---|
Estimated Valuation (2023) | USD 500.2 million |
Projected Valuation (2033) | USD 1,367.4 million |
Anticipated CAGR (2023 to 2033) | 10.6% |
Historical Analysis of Probiotic Supplement in Japan | 2018 to 2022 |
Demand Forecast for Probiotic Supplement in Japan | 2023 to 2033 |
Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Key Companies Profiled for Probiotic Supplement in Japan | Meiji Holdings Co., Ltd.; Yakult Honsha Co., Ltd.; Morinaga Milk Industry Co., Ltd.; Suntory Holdings Limited; Eisai Co., Ltd. |
The sales of probiotic supplement in Japan were valued at USD 453.4 million in 2022.
The market value of probiotic supplement in Japan is set to reach USD 500.2 million in 2023.
The demand for probiotic supplement in Japan is anticipated to rise at 10.6% CAGR from 2023 to 2033.
The Japan market size for probiotic supplement is set to reach USD 1,367.4 million by 2033.
The women segment is expected to dominate the probiotic supplement industry with a share of 43.6% in 2023.
The HCAGR of sales of probiotic supplement in Japan was 9.4% between 2018 and 2022.
Estimated Market Size (2024E) | USD 7,524.6 million |
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Projected Market Value (2034F) | USD 23,874.5 million |
Value-based CAGR (2024 to 2034) | 11.2% |
Market Estimated Size (2023) | USD 26,543.0 million |
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Market Forecasted Size (2033) | USD 58,092.8 million |
Market CAGR (2023 to 2033) | 8.0% |
Market Size Value in 2022 | USD 394.1 Million |
---|---|
Market Forecast Value in 2032 | USD 566.7 Million |
Growth Rate (2022 to 2032) | 3.7% CAGR |
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