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
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
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,675.37 Million |
| Market Size by 2028 | US$ 2,673.96 Million |
| CAGR (2022 - 2028) | 7.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
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.
The Europe Probiotic Supplements Market is valued at US$ 1,675.37 Million in 2021, it is projected to reach US$ 2,673.96 Million by 2028.
As per our report Europe Probiotic Supplements Market, the market size is valued at US$ 1,675.37 Million in 2021, projecting it to reach US$ 2,673.96 Million by 2028. This translates to a CAGR of approximately 7.1% during the forecast period.
The Europe Probiotic Supplements Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Probiotic Supplements Market report:
The Europe Probiotic Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Probiotic Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Probiotic Supplements Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Probiotic Supplements Market
