By Form (Solid Form (Tablets, Capsules, Gummies, Powder, Chewable, Others)), By End User (Infant, Kids, Adults (16-35 Years, 36-50 Years, 51-65 Years, Above 66 Years)), By Distribution Channel (Pharma... ... tion Channel (Pharmacies, Health & Beauty Speciality Stores, Supermarkets & Hypermarkets, Convenience Stores, Online Stores (Via E-commerce Players, Supplier Selling Via Own Website)), By Diseases (Digestive Health (Lactose Intolerance, Constipation, Others (Ulcerative Colitis, Colic, etc.)), Irritable Bowel Syndrome (IBS), Oral Disease, Immunity-based Disease, Others (Cardiovascular Diseases, Respiratory Infections, Obesity, Memory/Mood/Relaxing)), By Country (Germany, The UK, France Italy, Spain Others), By Company (NutraScience Labs, Probium LLC, Deerland Enzymes, Chr. Hansen Holdings, ProbioFerm, Danone S.A, PepsiCo Inc., Bio-K Plus International Inc., Yakult Honsha Co Ltd, Daflorn ltd, Nestle, BioGaia, Lifeway Foods Inc., HempFusion Wellness Inc., Stada Arzneimittel AG, Other) Read more
- Food & Beverages
- May 2023
- 179
- PDF, Excel, PPT
Market Definition
Probiotic refers to bacteria or yeast that are conducive to human health by providing various benefits such as the prevention of multiple diseases as well as improving immunity. Probiotic supplements such as tablets, capsules, chewable, gummies, etc., are added to food products and are consumed along with the food to improve the nutritional intake, enhance immunity, and prevent diseases. Furthermore, the increasing consumer awareness about the health benefits of consuming probiotic supplements ranging from digestive health, oral care, immune boosters, etc., escalated the demand for probiotic supplements in the region.
Market Insights & Anlaysis: Europe Probiotic Supplements Market (2023-28)
The Europe Probiotic Supplements Market is projected to grow at a CAGR of around 4.78% during the forecast period, 2023-28. The key factor behind the growth is the changing food patterns of consumers, which are associated with an increase in diabetes, liver problems, and other diseases, leading to the growing use of probiotic supplements in food products. Further, an increase in disposable income in countries such as France, and Italy, among others, boosted the growth of the Europe Probiotic Supplement market during the historical period.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 4.78% |
| Country Covered | The UK, Germany, France, Italy, Spain, Others |
| Key Companies Profiled | NutraScience Labs, Probium LLC, Deerland Enzymes, Chr. Hansen Holdings, ProbioFerm, Danone S.A, PepsiCo Inc., Bio-K Plus International Inc., Yakult Honsha Co Ltd, Daflorn ltd, Nestle, BioGaia, Lifeway Foods Inc., HempFusion Wellness Inc., Stada Arzneimittel AG, Others |
| Unit Denominations | USD Million/Billion |
Moreover, manufacturers have been increasing sales by encouraging customers to shop for probiotic supplements via online channels. Thus, the consumers continue to browse for probiotics products, which offers opportunities for retailers to adopt a strategy that matches the consumers’ current needs by showing online products that are more essential for their needs. Furthermore, probiotic supplements are important for protecting consumers from various diseases such as gastroesophageal reflux disease (GERD), Crohn's disease, gastroenteritis, etc., increasing the demand for probiotic supplements in Europe. For instance:
Furthermore, major market players in the country, such as Probi, HempFusion, Danone S.A., PepsiCo Inc., etc., started the expansion of their manufacturing facilities across the regional countries. Besides, the rising number of collaborations between the major chemical companies for the development of probiotic supplements across the regions stimulated market growth in the forecast period. For instance:
- In 2021, HempFusion launched a new probiotic supplement called Probulin probiotics in Boots Ireland. It is a part of the Retail Pharmacy in the country & one of the world’s largest purchasers of prescription drugs & probiotic supplements.
Key Trend in the Market
- Rising Collaboration Between the Chemical Companies to Provide Better Probiotic Supplements
The increasing focus of companies on expanding the probiotics supplement business in countries such as Germany, Italy, and Spain, among others, provided a vast area of opportunity for the chemical industry to manufacture new probiotic supplements. In addition, the growing health & wellness concerns among consumers increased the demand for probiotic supplements in the country. Hence, the rising collaboration between the companies to provide better probiotic supplements to improve gut health & the immune system would stimulate the market growth in the coming years.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Impact of COVID-19 on Europe Probiotic Supplements Market
- Europe Probiotic Supplements Market Trends & Insights
- Europe Probiotic Supplements Market Dynamics
- Drivers
- Challenges
- Europe Probiotic Supplements Market Regulations & Policies
- Europe Probiotic Supplements Market Supply Chain Analysis
- Europe Probiotic Supplements Market Hotspots & Opportunities
- Europe Probiotic Supplements Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Form
- Solid Form
- Tablets
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Capsules
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Gummies
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Powder
- By End User
- Infants (Upto 3 Years)
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Chewable
- By End User
- Kids (3.1 to 15 years)
- Adults (Above 15 years)
- By End User
- Others
- Tablets
- Solid Form
- By End User
- Infant
- Kids
- Adults
- 16-35 Years
- 36-50 Years
- 51-65 Years
- Above 66 Years
- By Distribution Channel
- Pharmacies
- Health & Beauty Speciality Stores
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
- Via E-commerce Players
- Supplier Selling Via Own Website
- By Diseases
- Digestive Health
- Lactose Intolerance
- Constipation
- Others (Ulcerative Colitis, Colic, etc.)
- Irritable Bowel Syndrome (IBS)
- Oral Disease
- Immunity-based Disease
- Others
- Cardiovascular Diseases
- Respiratory Infections
- Obesity
- Memory/Mood/Relaxing
- Digestive Health
- By Country
- Germany
- The UK
- France
- Italy
- Spain
- Others
- By Company
- Competition Characteristics
- Market Share of Leading Companies
- By Form
- Germany Probiotic Supplements Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Form
- By End User
- By Distribution Channel
- By Disease
- Market Size & Analysis
- The UK Probiotic Supplements Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Form
- By End User
- By Distribution Channel
- By Disease
- Market Size & Analysis
- France Probiotic Supplements Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Form
- By End User
- By Distribution Channel
- By Disease
- Market Size & Analysis
- Italy Probiotic Supplements Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Form
- By End User
- By Distribution Channel
- By Disease
- Market Size & Analysis
- Spain Probiotic Supplements Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Form
- By End User
- By Distribution Channel
- By Disease
- Market Size & Analysis
- Market Size & Analysis
- Europe Probiotic Supplements Market Key Strategic Imperatives for Growth & Success
- Competition Outlook
- Competition Matrix
- Brand Specialization
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles
- NutraScience Labs
- Probium LLC
- Deerland Enzymes
- Chr. Hansen Holdings
- ProbioFerm
- Danone S.A
- PepsiCo Inc.
- Bio-K Plus International Inc.
- Yakult Honsha Co Ltd
- Daflorn ltd
- Nestle
- BioGaia
- Lifeway Foods Inc.
- HempFusion Wellness Inc.
- Stada Arzneimittel AG
- Others
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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