Report Code: A06112 | Mar 2020 | Pages: 68 | ||
Tables: 3 | Charts: 17 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the U.s. Infant And Kids Probiotics Market
Request Now !The U.S. infant and kids probiotics market size was valued at $119.86 million in 2018 and is projected to reach $215.87 million by 2026, growing at a CAGR of 7.90% from 2019 to 2026.
Probiotics are the live bacteria and yeasts, which are considered good for the human digestive system. These bacteria are regarded beneficial for kids health since they help colonize the gut. In recent years, there has been an increase in adoption of probiotics as dietary supplements for infants. They are usually promoted as aid to gut health. Specifically, for babies and kids, probiotics are conceived helpful for conditions such as diarrhea, infant colic, and allergy. The most common groups of probiotics are Lactobacillus, Bifidobacterium, Streptococcus, and Saccharomyces boulardii. These groups have strain-specific effects, which implies that all these different groups can have different effects on the body. The consumers in North America have gradually become more interested in taking charge of their health through direct action, and unfiltered access to healthcare information has fueled the current surge of interest in U.S. infant and kids probiotics market probiotics.
Rise in number of millennial parents in the U.S. is one of the main factors that drives the demand for probiotics for infant and kids, owing to their different approach to parenting than the previous generations. They have a definitive perspective on what is important in products and brands they buy for themselves as well as their kids. Furthermore, they are also open to newer healthy product options as long as they are well regulated and provide abundant nutrition to infants. This change in consumer behavior and preference drives the U.S. infant and kids probiotics market growth. In addition, innovations in the field of probiotics, including the development of vegan friendly, non-GMO, and sugar-free products enable manufacturers to meet the rise in demand of health-conscious parents. For instance, the baby probiotics brand Culturelle offer a probiotics supplement Calm + Comfort (Probiotics + Chamomile Drops), which help reduce "fussiness and crying among babies" by supporting baby's digestive health and offering relief from occasional digestive upset. It also comprises Lactobacillus rhamnosus GG as the probiotics ingredient. This product formulation claims help attract consumers who pay high attention to ingredients and seek quality products.Â
However, lack of awareness among consumers regarding the effectiveness of infant probiotics is expected to hamper the growth of the U.S. infant and kids probiotics market. The lack of complete knowledge among parents regarding the use and benefits of probiotics for kids can also cause potential drawback for the U.S. infant and kids probiotics market.
On the contrary, the penetration of infant and kids probiotics through online sales channels and e-commerce platforms is growing rapidly. This is due to the convenience offered by online portals, which provide ease of purchase alongside price comparisons, variety of products, and easy product comparison. In addition, the presence of the largest online and offline retailers in the U.S. such as Amazon and Walmart, gives an edge to the probiotics’s manufacturers for greater consumer access and brand awareness. Multiple brands such as Gerber, Culturelle, BioGaia, and others provide access and purchase of their products through online as well as offline platforms. This is anticipated to provide lucrative opportunities for the U.S. infant and kids probiotics market expansion.
The U.S. infant and kids probiotics market analysis is carried on the basis of form, distribution channel, and age group. Based on form, the market is classified into liquid, powder, chewable, and others. Among these, the liquid probiotics segment accounts for the largest market share in the year 2018. Liquid probiotics work effectively on the baby’s immune and digestive system and are easy to use. However, the chewable segment is expected to grow at the highest CAGR during the U.S. infant and kids probiotics market forecast period.Â
On the basis of distribution channel, the U.S. infant and kids probiotics market is bifurcated into retail pharmacies/drug stores, departmental stores, supermarket/hypermarket, and e-commerce. Among these, the retail pharmacies/drug stores account for the largest market share in the year 2018. The retail pharmacy structure in the U.S. is highly organized as compared to other countries. The U.S. retail pharmacies such as CVS health, Rite Aid, and Walgreens offer online as well as offline services for their customers. Therefore, this factor provides an added advantage for the key players in the U.S. infant and kids probiotics market to promote and sell their product to their target customers. However, the e-commerce segment is expected to grow at the highest CAGR during the forecast period.Â
Based on age group, the marked is categorized into baby/infant (0-2 years) and kids (2-6 years). Among these, the baby/infant segment accounts for the largest U.S. infant and kids probiotics market share in 2018; however, the kids segment is expected to grow at the highest CAGR during the forecast period.Â
The key players operating in the U.S. infant and kids probiotics industry include Gerber Products Company, BioGaia, Metagenics, Inc., i-Health, Inc, Church & Dwight Co., Inc., LoveBug Nutrition Inc., FIT-Bioceuticals ltd., NOW Foods, Mommy’s Bliss, and Mama's Select.
U.S. Infant and Kids Probiotics Market Report Highlights
Aspects | Details |
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By FORM |
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By DISTRIBUTION CHANNEL |
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By AGE GROUP |
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Key Market Players | FIT-Bioceuticals ltd., Mama's Select., NOW Foods, Church & Dwight Co., Inc., LoveBug Nutrition Inc., Gerber Products Company, Mommy’s Bliss, BioGaia, Metagenics, Inc, i-Health, Inc |
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Market dynamics
3.2.1. Drivers
3.2.1.1. Increase in innovations in probiotics
3.2.1.2. Rise in health consciousness among millennial parents
3.2.2. Restraints
3.2.2.1. Lack of awareness among consumers regarding the effectiveness of probiotic products
3.2.2.2. Inadequate regulation of probiotics
3.2.3. Opportunities
3.2.3.1. Surge in online penetration of probiotic market
3.2.4. Challenges
3.2.4.1. Processing and shelf life requirements
3.3. Probiotics Market: Channel Dynamics
3.4. Consumer buying trends
CHAPTER 4: U.S. INFANT AND KIDS PROBIOTICS MARKET, BY FORM
4.1. Overview
4.2. Liquid
4.2.1. Key market trends, growth factors, and opportunities
4.3. Powder
4.3.1. Key market trends, growth factors, and opportunities
4.4. Chewable
4.4.1. Key market trends, growth factors, and opportunities
4.5. Other
4.5.1. Key market trends, growth factors, and opportunities
CHAPTER 5: U.S. INFANT AND KIDS PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL
5.1. Overview
5.2. Retail Pharmacies/Drug Stores
5.2.1. Key market trends, growth factors, and opportunities
5.3. Departmental Stores
5.3.1. Key market trends, growth factors, and opportunities
5.4. Supermarket/Hypermarket
5.4.1. Key market trends, growth factors, and opportunities
5.5. E-commerce
5.5.1. Key market trends, growth factors, and opportunities
CHAPTER 6: U.S. INFANT AND KIDS PROBIOTICS MARKET, BY AGE GROUP
6.1. Overview
6.2. Baby/Infant
6.2.1. Key market trends, growth factors, and opportunities
6.3. Kids
6.3.1. Key market trends, growth factors, and opportunities
CHAPTER 7: COMPETITION LANDSCAPE
7.1. Probiotics revenue by top 10 SKU (2019)
7.2. Market share analysis by competitor (2019)
7.2.1. i-Health, Inc. (Culturelle)
7.2.1.1. i-Health, Inc. (Culturelle): Company Overview
7.2.2. Gerber
7.2.2.1. Gerber: Company Overview
7.2.3. LoveBug Probiotics
7.2.3.1. LoveBug Probiotics: Company Overview
7.2.4. Mommy’s Bliss Inc.
7.2.4.1. Mommy’s Bliss Inc. : Company Overview
7.2.5. Zarbees, Inc.
7.2.5.1. Zarbees, Inc. : Company Overview
7.2.6. FIT-BioCeuticals Ltd
7.2.6.1. FIT-BioCeuticals Ltd: Company Overview
7.2.7. Florastor
7.2.7.1. Florastor: Company Overview
7.2.8. BioGaia
7.2.8.1. BioGaia: Company Overview
7.2.9. Mama's Select
7.2.9.1. Mama's Select: Company Overview
7.2.10. Hyperbiotics
7.2.10.1. Hyperbiotics: Company Overview
LIST OF TABLES
TABLE 01. U.S. INFANT AND KIDS PROBIOTICS MARKET, BY FORM, 2018–2026 ($MILLION)
TABLE 02. U.S. INFANT AND KIDS PROBIOTICS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2017-2026 ($MILLION)
TABLE 03. U.S. INFANT AND KIDS PROBIOTICS MARKET REVENUE, BY AGE GROUP, 2018-2026 ($MILLION)
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. TOP INVESTMENT POCKETS
FIGURE 04. MARKET DYNAMIC ANALYSIS
FIGURE 05. U.S. INFANT AND KIDS PROBIOTICS MARKET, BY FORM, 2018
FIGURE 06. LIQUID PROBIOTICS MARKET, 2018-2026 ($MILLION)
FIGURE 07. POWDER PROBIOTICS MARKET, 2018-2026 ($MILLION)
FIGURE 08. CHEWABLE PROBIOTICS MARKET, 2018-2026 ($MILLION)
FIGURE 09. OTHER PROBIOTICS MARKET, 2018-2026 ($MILLION)
FIGURE 10. U.S. INFANT AND KIDS PROBIOTICS MARKET, BY DISTRIBUTION CHANNEL, 2018-2026
FIGURE 11. RETAIL PHARMACIES/DRUG STORES, 2018-2026 ($MILLION)
FIGURE 12. DEPARTMENTAL STORES, 2018-2026 ($MILLION)
FIGURE 13. SUPERMARKET/HYPERMARKET, 2018-2026 ($MILLION)
FIGURE 14. E-COMMERCE, 2018-2026 ($MILLION)
FIGURE 15. U.S. INFANT AND KIDS PROBIOTICS MARKET, BY AGE GROUP, 2018-2026
FIGURE 16. BABY/INFANTS PROBIOTICS MARKET, 2018-2026 ($MILLION)
FIGURE 17. KIDS PROBIOTICS MARKET, 2018-2026 ($MILLION)
In accordance to several interviews conducted, the CXOs of the leading companies stated that the U.S. infant and kids’ probiotics market is booming and is expected to witness high growth in the future. The probiotic ingredients, packaging, form, and safety of ingredients play a crucial role in influencing the purchase decisions of parents. Especially with the rise in millennial parents in the U.S., there has been a rapid shift in outlook and behavior toward the health and well-being choices for infants. This is especially because the food products available nowadays are not completely organic and are processed. Therefore, the adoption of healthy alternatives such as probiotics has increased to provide complete and required nutrition to their kids. Furthermore, the importance of healthy probiotics, such as use of natural raw materials for flavoring, sugar-free and non-GMO ingredients has gained high traction among consumers.
Majority of the sales for infant and kids’ probiotics takes place through retail pharmacy chains and drug stores. The retail pharmacies present especially in the urban areas provide product knowledge and expertise to the consumer through their pharmacists. This enables parents to attain a better understanding of the products and helps them define their purchase choices. Furthermore, it also provides a sense of assurance, which plays a critical role in helping them determine and influence their purchase decision. However, with the rise in millennial parenting, the scenario is gradually shifting toward digital channel sales. Numerous infant and kids’ probiotic brands now provide probiotic supplements through direct access to their website and also offer regular probiotic supply on subscription basis. This provides convenience and ease of purchase, which is highly regarded by consumers these days.
A. The U.S. infant and kids probiotics market will expand with 7.9% from 2019 – 2026.
A. The market value of U.S. infant and kids probiotics market by the end of 2026 is $215.87 million.
A. The top impacting factors of U.S. infant and kids probiotics market are increase in innovations in probiotics, rise in health consciousness among millennial parents and surge in online penetration of probiotic market.
A. The leading players in U.S. infant and kids probiotics market are include Gerber Products Company, BioGaia, Metagenics, Inc., i-Health, Inc, Church & Dwight Co., Inc., LoveBug Nutrition Inc., FIT-Bioceuticals ltd., NOW Foods, Mommy’s Bliss, and Mama's Select.
A. The U.S. infant and kids probiotics market is segmented basis of product type, distribution channel, and age group. Based on product type, the market is classified into liquid, powder, chewable, and others. On the basis of distribution channel, the market is bifurcated into retail pharmacies/drug stores, departmental stores, supermarket/hypermarket, and e-commerce. Based on age group, the marked is categorized into baby/infant (0-2 years) and kids (2-6 years).
A. Product launch is the key growth strategy of U.S. infant and kids probiotics market players
A. By form, the chewable segment exhibit the highest CAGR from 2019 – 2026.
A. By age group, baby/infant segment holds a dominant position in 2019 and is expected to maintain the lead during the forecast period.
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