The Food Safety and Standards Act of 2005 (FSSA) defines the foods for special nutritional purposes or functional foods, nutraceuticals, or dietary supplements. At present, probiotics in India are characterized as functional foods rather than medicinal products and are regulated by food laws that regulate general foods. The FSSA was passed by the Government of India with the aim of regulating various types of edible regulations for nutraceuticals, foods, and dietary supplements. Functional foods are legally defined according to the FSSA, but the categorization of food categories such as nutraceuticals and biotherapeutics is still unclear.
According to the report, Technological Advancements and Increasing Participation of R&D Activities in Probiotic Tablet Development
is one of the primary growth factors for the market. Growing Consumption of Probiotic Tablets due to Health Benefits Associated with the Same
is also expected to contribute significantly to the OTC Probiotics Supplement market. Overall, Adults
applications of OTC Probiotics Supplement, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Form, such as Capsules, is boosting the OTC Probiotics Supplement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Distribution Channel, such as Drug Stores, is boosting the OTC Probiotics Supplement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Ingredients, such as Bacteria [Lactobacilli, Bifidobacterium, Streptococcus Thermophilus], is boosting the OTC Probiotics Supplement market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global OTC Probiotics Supplement market identified that the demand is rising in many different parts of the world as "Increasing Health Consciousness across the Global Population
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global OTC Probiotics Supplement market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the OTC Probiotics Supplement market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.