Europe Probiotic Supplements Market Forecast to 2028

Report Code : TIPRE00029676 | Region : Europe | Industry : Food and Beverages | Published Date : 29/Aug/2022
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)

The Europe probiotic supplements market value accounted for US$ 6,145.08 million in 2021 and is projected to reach US$ 8,969.90 million by 2028; it is expected to grow at a CAGR of 5.6% from 2022 to 2028.

The Europe probiotic supplements market growth is driven by the rising focus of women on digestive, genital, and immune health. Women have specific health and well-being issues, some of which are influenced by their genetics and hormonal changes throughout their lives. These issues negatively impact their immunity, mood, and digestive health. Probiotics are gaining immense recognition as a valuable source of health support for women, mainly because they restore digestive and vaginal microflora balance, which has positive effects on digestive and vaginal health, mental well-being, and natural defenses. Probiotic supplements boost immunity, increase fertility, and improve the overall gut health of women. Moreover, probiotic supplements help relieve the menopause symptoms such as low mood, vaginal dryness, weight gain, and decline in bone health by balancing the vaginal microflora, boosting estrogen levels, supporting the overall gut health, and increasing nutrient absorption.

Further, probiotic supplementation during pregnancy has several benefits. Thoroughly researched strains of probiotics such as lactobacillus and Bifidobacterium help improve bowel movement and relieve constipation problems. Studies have proven that including probiotic supplements in the regular diet of a pregnant woman helps reduce inflammation, acidity, and bloating. Consumption of probiotic supplements during pregnancy also reduces the risk of vaginal infections, thereby reducing the chances of colic, eczema, and other allergies in newborn babies. Probiotic supplements also improve the immunity of expecting mothers, ensuring the good health of newborn babies.

This has led to high demand for probiotic supplements that support women’s health in Europe. Thus, this factor is expected to significantly drive the Europe probiotic supplements market growth in the coming years.

There is an increasing demand for probiotic supplements among European women. According to the International Probiotics Association’s report, in 2019, around 63% of the consumers of probiotic supplements in Europe were women. Women in the region are increasingly focusing on their health to stay fit and avoid various infections and illnesses. This has led to high demand for probiotic supplements that support women’s health in Europe. Thus, this factor is expected to significantly drive the Europe probiotic supplements market in the coming years.

The COVID-19 pandemic had a mixed impact on the Europe probiotic supplements market. Initially, due to lockdown, border restrictions, and supply chain disruption, the manufacturers faced significant losses. However, the demand for immunity-boosting supplements, including probiotic supplements, increased significantly due to increased health consciousness. Consumers have been increasingly attentive to their health and wellness. Therefore, the market has seen a boom in demand for products that provide digestive and immune health. E-commerce played a crucial role during the initial months of the pandemic as people were mandated to stay at home and many brick-and-mortar stores were shut. E-pharmacies and online drugstores witnessed tremendous demand for medicines and supplements as they offered home delivery services even during lockdowns. As consumers are expected to continue with the online shopping trend, the Europe probiotic supplements market is expected to witness exponential growth in the coming years.

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 key players operating in the Europe probiotic supplements market. These players are adopting product innovation strategies to acquire a large number of consumers in the region. This factor is expected to drive the Europe probiotic supplements market.

The overall Europe probiotic supplements market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe probiotic supplements 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.

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

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.

Reason To Buy

• Highlights key business priorities to assist companies realign their business strategies.

• Features key findings and crucial progressive industry trends in the EU probiotic supplements market, thereby allowing players to develop effective long-term strategies.

• Develops/modifies business expansion plans by using substantial growth offerings from developed and emerging markets.

• Scrutinizes in-depth market trends as well as key market drivers and restraints.

• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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