Europe Probiotic Supplements Market Overview and Insights:
According to MarkNtel Advisors Report, Europe Probiotic Supplements Market projected to grow at a CAGR of around 4.78% during the forecast period, i.e., 2023-28.
Europe Probiotic Supplements Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Time Period Captured in the Report:
Historical Years: 2018-21
Base Years: 2022
Forecast Years: 2023-28
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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.
Who are the Key Players Operating in the Europe Probiotic Supplements Industry?
The top companies of the Europe Probiotic Supplements market ruling the industry are:
- NutraScience Labs
- Probium LLC
- Deerland Enzymes
- 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
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What is Included in Europe Probiotic Supplements Market Segmentation?
The report has segmented the market into the following categories:
-By Form
- Tablets
- Capsules
- Gummies
- Powder
- Chewable
- Others
Among them, Capsules acquired a considerable growth rate during the historical period. There are several reasons for the market's growth, including the fact that probiotic capsules provide faster relief from symptoms & are more bioavailable, which has fueled the demand for probiotic supplements in the form of capsules over the years.
Furthermore, the addition of probiotic capsules such as ImmunoSEB & ProbioSEB CSC3, etc., by the National Institute of Health (NIH) Office of Dietary Supplements in the prescription list of health professionals to boost immunity & reduce fatigue & muscle weakness in patients affected with COVID-19 supported the demand for probiotic supplements to a larger extent. This further resulted in escalating the demand for probiotic capsules in the coming years.
-By End User
- Infant
- Kids
- Adults
-By Distribution Channel
- Pharmacies
- Health & Beauty Speciality Stores
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
-By Diseases
- Digestive Health
- Irritable Bowel Syndrome (IBS)
- Oral Disease
- Immunity-based Disease
- Others
Geographical Analysis:
-By Country
- Germany
- The UK
- France
- Italy
- Spain
- Others
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- How has the industry been evolving in terms of geography and product adoption?
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