The Europe probiotic supplements market size reached US$ 1.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.63% during 2023-2028.
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 Thermophilus, 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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe probiotic supplements market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on ingredient, form, application and distribution channel.
Breakup by Ingredient:
- Streptococcus Thermophilus
- Saccharomyces Boulardii
Breakup by Form:
Breakup by Application:
- Food Supplements
- Nutritional Supplements
- Speciality Nutrients
- Infant Formula
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Hospitals & Clinics
Breakup by Country:
- United Kingdom
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.
|Base Year of the Analysis
||Ingredient, Form, Application, Distribution Channel, Country
||Germany, France, United Kingdom, Russia, Italy, Spain, Others
||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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Key Questions Answered in This Report:
- How has the Europe probiotic supplements market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe probiotic supplements market?
- What are the key regional markets?
- What is the breakup of the market based on the ingredient?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe probiotic supplements market and who are the key players?
- What is the degree of competition in the Europe probiotic supplements industry?