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The Europe probiotic supplements market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different industries. These insights are included in the report as a major market contributor.
Probiotic supplements refer to the type of dietary products that include microorganisms as functional ingredients. Some of the common microorganisms present in these supplements include Lactobacilli, Bifidobacterium, Streptococcus, Saccharomyces Boulardii, etc. Probiotic supplements offer numerous health benefits in maintaining a healthy balance of gut microbiomes, minimizing inflammatory responses, enhancing mental health conditions, boosting immunity, etc. These supplements are widely available in the forms of food supplements, nutritional supplements, specialty nutrients, infant formula, etc.
In Europe, the rising prevalence of numerous chronic ailments, such as Gastroesophageal Reflux Disease (GERD), Crohn’s disease, gastroenteritis, etc., is primarily driving the demand for probiotic supplements. Furthermore, the growing elderly population, who are more prone to gastrointestinal ailments, is also propelling the market growth in the region. In Europe, the gradual shift in consumer preferences from carbonated and high-calorie drinks towards functional and probiotic beverages is also catalyzing the market growth. In line with this, the launch of numerous innovative product variants in exotic flavors and attractive packaging is further contributing to the sales of probiotic supplements in the region. Moreover, the increasing demand for fortified food items and drinks, particularly for preventive therapies or post-disease treatment, is positively influencing the market for probiotic supplements. In the coming years, the changing consumer inclination from chemical additives-based supplements towards natural, organic, and clean-labeled alternatives, including probiotic supplements, will continue to drive the market growth in Europe.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe probiotic supplements market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, ingredient, form, application and distribution channel.
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The competitive landscape of the industry has also been examined with some of the key players being BioGaia, Bio-K Plus International Inc., Chr. Hansen Holding A/S, Daflorn Probiotics UK, Danone S.A, Exden, IPA EUROPE, PepsiCo Inc., Vitafoods and Yakult Honsha.
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