Europe Probiotic Supplements Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Capsules & Tablets, Gummies, Powder, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others)

Code: BMIRE00027335 | Pages: 120 | Industry: Food and Beverages | Date: Aug 2022 | Type: Regional

Market Introduction

Probiotic supplements contain mixed cultures of live microorganisms that help improve digestive and immune health. They boost nutrient absorption, which enhances immunity and reduces the risk of chronic diseases and infections. In Europe, the majority of the population is targeting digestive wellness. This factor is driving the Europe probiotic supplements market growth.

Market Overview and Dynamics

The Europe probiotic supplements market value accounted for US$ 1,675.37 million in 2021 and is projected to reach US$ 2,673.96 million by 2028; it is expected to grow at a CAGR of 7.1% from 2022 to 2028. The growing preference for gummy formats of probiotic supplements is expected to drive the market. There is a rising demand for probiotic gummies in Europe as consumers seek health advantages without compromising taste. Gummies infused with probiotics are available in various flavors at affordable prices. Moreover, they are easier to consume than pills. Adult consumers increasingly prefer probiotic supplements in gummy format due to pill fatigue. Moreover, kids prefer gummies over pills, tablets, and capsules, as gummies taste like candies. As the gummy format of probiotic supplements is gaining traction among consumers, manufacturers are developing innovative products with low-sugar, plant-based, gluten-free, and clean-label claims. Moreover, they are launching products with a wide range of flavors that are attracting a large number of consumers. For instance, Wren Laboratories, a UK-based dietary supplements company, launched adult probiotic gummies under its Optibac brand. The product is infused with Bacillus coagulans Unique IS-2 probiotic strain and has added nutrients such as vitamin D, zinc, calcium, and prebiotic FOS. Such products are expected to gain immense traction among European consumers in the coming years, driving the Europe probiotic supplements market growth.

Key Market Segments

Based on distribution channel, the Europe probiotic supplements market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. In 2021, the specialty stores segment held the largest market share. These stores are retail chains that sell a particular product category. Specialty stores for probiotic supplements include pharmacies and nutrition stores, where probiotic supplements are easily available. They have a deep product assortment from different brands. Specialty stores are widely preferred distribution channels for probiotic supplements due to the availability of an extensive range of products, attractive deals, discounts, and high-end customer service. The staff in these stores is well-trained to assist customers regarding the details of products and help consumers to understand the benefits and characteristics of products before purchasing. This ensures high customer satisfaction, driving the segment.

Based on product type, the Europe probiotic supplements market is segmented into capsules & tablets, gummies, powder, and others. The gummies segment is projected to register the highest CAGR over the forecast period. Gummies are innovative drug delivery formats widely accepted by consumers owing to their palatability. Probiotic gummies are available in various flavors, boosting their popularity among different age groups. Children and adults are looking for palatable options to maintain their gut health, which drives the segment. 

Major Sources and Companies Listed

A few major primary and secondary sources referred to while preparing the report on the Europe probiotic supplements market are company websites, annual reports, financial reports, national government documents, and statistical databases. Nature’s Bounty; Pharmavite LLC.; Biogaia; Herbalife Nutrition Ltd.; Bayer AG; GNC; Nature’s Way Products, LLC; SFI Health; Amway; and Church & Dwight Co, Inc. are among the major companies listed in the report. 

Reasons to Buy Report

  • To understand the Europe probiotic supplements market landscape and identify segments that are most likely to guarantee a strong return
  • To stay ahead of the race by comprehending the ever-changing competitive market landscape in Europe
  • To efficiently plan mergers and acquisitions and partnership deals in the Europe probiotic supplements market by identifying market segments with the most promising probable sales
  • To make knowledgeable business decisions from a perceptive and comprehensive analysis of the performance of various market segments
  • To obtain a market revenue forecast for various segments for the period of 2020–2028

Based on type, the Europe probiotic supplements market is segmented into capsules & tablets, gummies, powder, and others. Based on distribution channel, the Europe Probiotic Supplements Market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others.

Company Profiles

  • Nature’s Bounty
  • Pharmavite LLC.
  • Biogaia
  • Herbalife Nutrition Ltd.
  • Bayer AG
  • GNC
  • Nature’s Way Products, LLC
  • SFI Health
  • Amway
  • Church & Dwight Co, Inc.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Ecosystem Analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
3.2.8 Limitations and Assumptions:

4. Probiotic Supplements Market Landscape
4.1 Market Overview
4.2 PORTER\'s Analysis
4.2.1 Europe
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.5 List of Companies
5. Probiotic Supplements Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Preventive Healthcare Expenditure in Europe
5.1.2 Rising Demand for Probiotic Supplements for Women\'s Health
5.2 Market Restraints
5.2.1 Stringent Regulatory Framework in the European Market
5.3 Market Opportunities
5.3.1 Rising Strategic Developments in the European Probiotic Supplements Market
5.4 Future Trends
5.4.1 Growing Preference for Gummy Formats of Probiotic Supplements
5.5 Impact Analysis of Drivers and Restraints

6. Probiotic Supplements - Europe Market Analysis
6.1 Probiotic Supplements Market Overview
6.2 Probiotic Supplements Market Forecast and Analysis, 2021 to 2028
6.3 Market Positioning of Key Players
7. Probiotic Supplements Market Analysis - By Product Type
7.1 Overview
7.2 Probiotic Supplements Market, By Product Type (2021 and 2028)
7.3 Capsules and Tablets
7.3.1 Overview
7.3.2 Capsules and Tablets: Probiotic Supplements Market -Forecast and Analysis to 2028 (US$ Million)
7.4 Gummies
7.4.1 Overview
7.4.2 Gummies: Probiotic Supplements Market - Forecast and Analysis to 2028 (US$ Million)
7.5 Powder
7.5.1 Overview
7.5.2 Powder: Probiotic Supplements Market - Forecast and Analysis to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Probiotic Supplements Market - Forecast and Analysis to 2028 (US$ Million)
8. Probiotic Supplements Market Analysis - By Distribution Channel
8.1 Overview
8.2 Probiotic Supplements Market, By Distribution Channel (2021 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Specialty Stores
8.4.1 Overview
8.4.2 Specialty Stores: Probiotic Supplements Market -Forecast and Analysis to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Probiotic Supplements Market -Forecast and Analysis to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Probiotic Supplements Market -Forecast and Analysis to 2028 (US$ Million)
9. Probiotic Supplements Market - Europe Analysis
9.1 Overview
9.2 Europe: Probiotic Supplements Market
9.2.1 Europe: Probiotic Supplements Market -Revenue and Forecast to 2028 (US$ Million)
9.2.2 Europe: Probiotic Supplements Market, By Product Type
9.2.3 Europe: Probiotic Supplements Market, by Distribution Channel
9.2.4 Europe: Probiotic Supplements Market, by Key Country
9.2.4.1 Germany: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Probiotic Supplements Market, By Product Type
9.3.4.1.2 Germany: Probiotic Supplements Market, by Distribution Channel
9.2.4.2 France: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Probiotic Supplements Market, By Product Type
9.3.4.2.2 France: Probiotic Supplements Market, by Distribution Channel
9.2.4.3 UK: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 UK: Probiotic Supplements Market, By Product Type
9.3.4.3.2 UK: Probiotic Supplements Market, by Distribution Channel
9.2.4.4 Italy: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 Italy: Probiotic Supplements Market, By Product Type
9.3.4.4.2 Italy: Probiotic Supplements Market, by Distribution Channel
9.2.4.5 Russia: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Probiotic Supplements Market, By Product Type
9.3.4.5.2 Russia: Probiotic Supplements Market, by Distribution Channel

9.2.4.6 Rest of Europe: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.6.1 Rest of Europe: Probiotic Supplements Market, By Product Type
9.2.4.6.2 Rest of Europe: Probiotic Supplements Market, by Distribution Channel

10. Overview- Impact of COVID-19
10.1 Europe: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 NATUR\'S BOUNTY
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 GNC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PHARMAVITE LLC
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BIOGAIA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 NATUR\'S WAY PRODUCTS, LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SFI HEALTH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 AMWAY
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 BAYER AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 CHURCH AND DWIGHT CO., INC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 HERBALIFE NUTRITION LTD.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary

LIST OF TABLES

Table 1. Glossary of Terms, Europe Probiotic Supplements Market

LIST OF FIGURES

Figure 1. Europe Probiotic Supplements Market Segmentation
Figure 2. Europe Probiotic Supplements Market Overview
Figure 3. Others Segment Held the Largest Share of Europe Probiotic Supplements Market
Figure 4. Europe Probiotic Supplements Market, Industry Landscape
Figure 5. Europe: PORTERS Analysis
Figure 6. Europe: Ecosystem Analysis
Figure 7. Europe: Expenditure on Preventive Healthcare in Europe, 2019 (% of GDP)
Figure 8. Europe Probiotic Supplements Market Impact Analysis of Driver and Restraints
Figure 9. Country Overview of Probiotic Supplements Market
Figure 10. Europe Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Market Positioning of Key Players In Europe Probiotic Supplements Market
Figure 12. Probiotic Supplements Market Revenue Share, by Product Type (2021 and 2028)
Figure 13. Capsules and Tablets: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Gummies: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Powder: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Probiotic Supplements Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 18. Supermarkets and Hypermarkets: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Specialty Stores: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Online Retail: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic on Europe Market

The List of Companies - European Probiotic Supplements Market
1. Nature\'s Bounty
2. GNC
3. Pharmavite LLC
4. BioGaia
5. Nature\'s Way Products, LLC
6. SFI Health
7. Amway
8. Bayer AG
9. Church and Dwight Co., Inc.
10. Herbalife Nutrition Ltd.

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