Market by Strain, Diet Preference, Sales Channel, End-use, and Country Outlook | Forecast 2022-2028
A study by Triton on Europe’s probiotics market shows that the market will develop with a CAGR of 11.53% in the forecast duration 2022-2028.
The countries studied in this market include:
• Spain
• Germany
• The
United Kingdom
• Italy
• Poland
• France
• Rest
of Europe
Germany
is expected to observe the fastest growth in the market in this region. Some of the key factors influencing the sales
of probiotics in Europe are the rising aging population and growing cases of
lactose intolerance. An increase in the number of immunity-boosting products,
including probiotics, has been observed in the region, which is expected to
further drive the market over the coming years.
In the United Kingdom, the majority of the
population is health-conscious, which is expected to aid the demand for
probiotic products. Easing digestive problems and managing weight concerns are
the two main reasons why consumers here largely prefer probiotics. The enhanced
standard of living and rising disposable income are also contributing to the
market growth in the country.
In France, people’s eating habits are changing
due to the growing focus on health. This, in turn, is spurring an increase in
the consumption of probiotic products in regular diets. The demand for probiotics
in the country is also expanding as a result of a rise in the use of probiotics
as feed additives for animals, in order to maintain their health and lower
disease risk, as well as cater to the surging demand for meat & livestock
products. All these factors are supporting the French market’s growth.
Consumers today have gravitated toward online
sales channels, especially after the pandemic. To reach their target consumers,
a number of large corporations leveraged the power of the internet and e-commerce.
Additionally, offering special discounts and other offers also drove the growth
of online distribution channels.
Triton’s
report assesses the market based on sales channel, end-use, strain, and diet
preference. Here, the sales
channel segment comprises online sales channel and offline sales channel.
Some
of the prime contenders in the probiotics market include Church & Dwight
Co, BioGaia AB, KeVita Inc, The Clorox Company, General Mills Inc, PharmaCare
Laboratories Pty Ltd, Chr Hansen Holding AS, and I-Health Inc.
BioGaia AB is a probiotic company engaged in
developing, marketing, and selling probiotics with proven health benefits. Its
products contain strains of L. reuteri, a lactic acid bacterium. The company’s
products are beneficial for maintaining baby & child gut health, immunity,
adult health, pregnancy, and oral & bone health. BioGaia Protectis Mum,
BioGaia Osfortis, BioGaia Prodentis Kids, and BioGaia Protectis baby drops with
vitamin D are some of the products in its probiotics portfolio. Despite
COVID-19, the company successfully launched 46 new products through a virtual
platform. Founded in 1990, the company is headquartered in Stockholm, Sweden.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the probiotics market revenue growth in Europe and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model
●
A wide-ranging study of factors that will challenge the Europe
probiotics market’s growth during the upcoming years
Want to get specific insights? Our
team of analysts can customize this report based on your preferences. Connect
with us here.
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VIEW REPORT1. EUROPE PROBIOTICS MARKET –
SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE PROBIOTICS MARKET
2.2. KEY INSIGHTS
2.2.1. RISE
IN ACQUISITIONS TO EXPAND PRODUCT PORTFOLIO
2.2.2. INNOVATIVE
PROBIOTIC PRODUCT FORMULATIONS IN TREND
2.2.3. PROBIOTIC
RECOMMENDATIONS BY HEALTH PRACTITIONERS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. KEY
IMPACT ANALYSIS
2.4.1. BRAND
NAME
2.4.2. PRODUCT
AVAILABILITY
2.4.3. REGULATORY
CERTIFICATIONS
2.4.4. INTENDED
END-USE
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. INDUSTRY
COMPONENTS
2.8. REGULATORY
FRAMEWORK
2.9. KEY
MARKET STRATEGIES
2.9.1. PRODUCT
LAUNCHES
2.9.2. ACQUISITIONS
2.9.3. PARTNERSHIPS
2.10. MARKET
DRIVERS
2.10.1. PREVENTIVE
HEALTHCARE DEMAND DUE TO RISING CONSUMER AWARENESS
2.10.2. GROWING
THREAT OF ANTIBIOTIC RESISTANCE
2.10.3. NOVEL
TECHNOLOGIES FOR PRODUCT DELIVERY
2.11. MARKET
CHALLENGES
2.11.1. EXPENSIVE
LOGISTICS CHAIN
2.11.2. INDISTINCT
REGULATORY FRAMEWORK
2.12. MARKET
OPPORTUNITIES
2.12.1. GROWING
USE OF PROBIOTICS IN THE COSMETIC INDUSTRY
2.12.2. DEMAND
FOR PSYCHOBIOTICS
3. EUROPE
PROBIOTICS MARKET OUTLOOK – BY STRAIN
3.1. BACTERIA
3.1.1. BIFIDOBACTERIUM
SPP.
3.1.2. LACTOBACILLUS
SPP.
3.1.3. OTHER
SPP.
3.2. YEAST
4. EUROPE
PROBIOTICS MARKET OUTLOOK – BY DIET PREFERENCE
4.1. PLANT-BASED
PRODUCTS
4.2. ANIMAL-BASED
PRODUCTS
5. EUROPE
PROBIOTICS MARKET OUTLOOK – BY SALES CHANNEL
5.1. ONLINE
SALES CHANNEL
5.2. OFFLINE
SALES CHANNEL
5.2.1. CONVENIENCE
STORES
5.2.2. PHARMACIES
5.2.3. SUPERMARKETS
5.2.4. OTHER
OFFLINE SALES CHANNELS
6. EUROPE
PROBIOTICS MARKET OUTLOOK – BY END-USE
6.1. PROBIOTIC
FOODS
6.1.1. BAKERY/BREAKFAST
CEREALS
6.1.2. YOGURT
6.1.3. CONFECTIONERY
6.1.4. BABY
FORMULAS
6.1.5. OTHER
PRODUCTS
6.2. PROBIOTIC
BEVERAGES
6.2.1. DAIRY-BASED
BEVERAGES
6.2.2. FRUIT-BASED
BEVERAGES
6.2.3. OTHER
BEVERAGES
6.3. NUTRITIONAL
SUPPLEMENTS
6.3.1. POWDERS
6.3.2. CAPSULES
6.3.3. GUMMIES
6.3.4. OTHER
NUTRITIONAL SUPPLEMENTS
6.4. VETERINARY
FEED
6.5. COSMETICS
7. EUROPE
PROBIOTICS MARKET – COUNTRY OUTLOOK
7.1. UNITED
KINGDOM
7.2. GERMANY
7.3. FRANCE
7.4. SPAIN
7.5. ITALY
7.6. POLAND
7.7. REST
OF EUROPE
8. COMPETITIVE
LANDSCAPE
8.1. LIFEWAY
FOODS INC
8.2. KERRY
GROUP PLC
8.3. I-HEALTH
INC
8.4. YAKULT
HONSHA CO LTD
8.5. JARROW
FORMULAS INC
8.6. NESTLÉ
INC
8.7. CHURCH
& DWIGHT CO
8.8. GENERAL
MILLS INC
8.9. BIOGAIA
AB
8.10. PROBI
AB
8.11. KEVITA
INC
8.12. CHR
HANSEN HOLDING AS
8.13. DANONE
SA
8.14. PHARMACARE
LABORATORIES PTY LTD
8.15. THE
CLOROX COMPANY
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE PROBIOTICS
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: LIST OF NOTABLE
ACQUISITIONS IN THE PROBIOTICS MARKET
TABLE 3: VENDOR SCORECARD
TABLE 4: REGULATORY FRAMEWORK
TABLE 5: LIST OF PRODUCT
LAUNCHES
TABLE 6: LIST OF ACQUISITIONS
TABLE 7: LIST OF PARTNERSHIPS
TABLE 8: EUROPE PROBIOTICS
MARKET, BY STRAIN, 2022-2028 (IN $ MILLION)
TABLE 9: EUROPE PROBIOTICS
MARKET, BY BACTERIA, 2022-2028 (IN $ MILLION)
TABLE 10: EUROPE PROBIOTICS
MARKET, BY DIET PREFERENCE, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE PROBIOTICS
MARKET, BY SALES CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE PROBIOTICS
MARKET, BY OFFLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 13: EUROPE PROBIOTICS
MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 14: EUROPE PROBIOTICS
MARKET, BY PROBIOTIC FOODS, 2022-2028 (IN $ MILLION)
TABLE 15: EUROPE PROBIOTICS
MARKET, BY PROBIOTIC BEVERAGES, 2022-2028 (IN $ MILLION)
TABLE 16: EUROPE PROBIOTICS
MARKET, BY NUTRITIONAL SUPPLEMENTS, 2022-2028 (IN $ MILLION)
TABLE 17: EUROPE PROBIOTICS
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: PROPOSED HEALTH
BENEFITS OF PROBIOTICS
FIGURE 2: KEY BUYING IMPACT
ANALYSIS
FIGURE 3: MARKET
ATTRACTIVENESS INDEX
FIGURE 4: INDUSTRY COMPONENTS
FIGURE 5: EUROPE PROBIOTICS
MARKET, BY STRAIN, 2021 & 2028 (IN %)
FIGURE 6: EUROPE PROBIOTICS
MARKET, BY BACTERIA, 2022-2028 (IN $ MILLION)
FIGURE 7: EUROPE PROBIOTICS
MARKET, BY BACTERIA, 2021 & 2028 (IN %)
FIGURE 8: EUROPE PROBIOTICS
MARKET, BY BIFIDOBACTERIUM SPP., 2022-2028 (IN $ MILLION)
FIGURE 9: EUROPE PROBIOTICS
MARKET, BY LACTOBACILLUS SPP., 2022-2028 (IN $ MILLION)
FIGURE 10: EUROPE PROBIOTICS
MARKET, BY OTHER SPP., 2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE PROBIOTICS
MARKET, BY YEAST, 2022-2028 (IN $ MILLION)
FIGURE 12: EUROPE PROBIOTICS
MARKET, BY DIET PREFERENCE, 2021 & 2028 (IN %)
FIGURE 13: EUROPE PROBIOTICS
MARKET, BY PLANT-BASED PRODUCTS, 2022-2028 (IN $ MILLION)
FIGURE 14: EUROPE PROBIOTICS
MARKET, BY ANIMAL-BASED PRODUCTS, 2022-2028 (IN $ MILLION)
FIGURE 15: EUROPE PROBIOTICS
MARKET, BY SALES CHANNEL, 2021 & 2028 (IN %)
FIGURE 16: EUROPE PROBIOTICS
MARKET, BY ONLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE 17: EUROPE PROBIOTICS
MARKET, BY OFFLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE 18: EUROPE PROBIOTICS
MARKET, BY OFFLINE SALES CHANNEL, 2021 & 2028 (IN %)
FIGURE 19: EUROPE PROBIOTICS
MARKET, BY CONVENIENCE STORES, 2022-2028 (IN $ MILLION)
FIGURE 20: EUROPE PROBIOTICS
MARKET, BY PHARMACIES, 2022-2028 (IN $ MILLION)
FIGURE 21: EUROPE PROBIOTICS
MARKET, BY SUPERMARKETS, 2022-2028 (IN $ MILLION)
FIGURE 22: EUROPE PROBIOTICS
MARKET, BY OTHER OFFLINE SALES CHANNEL, 2022-2028 (IN $ MILLION)
FIGURE 23: EUROPE PROBIOTICS
MARKET, BY END-USE, 2021 & 2028 (IN %)
FIGURE 24: EUROPE PROBIOTICS
MARKET, BY PROBIOTIC FOODS, 2022-2028 (IN $ MILLION)
FIGURE 25: EUROPE PROBIOTICS
MARKET, BY PROBIOTIC FOODS, 2021 & 2028 (IN %)
FIGURE 26: EUROPE PROBIOTICS
MARKET, BY BAKERY/BREAKFAST CEREALS, 2022-2028 (IN $ MILLION)
FIGURE 27: EUROPE PROBIOTICS
MARKET, BY YOGURT, 2022-2028 (IN $ MILLION)
FIGURE 28: EUROPE PROBIOTICS
MARKET, BY CONFECTIONERY, 2022-2028 (IN $ MILLION)
FIGURE 29: EUROPE PROBIOTICS
MARKET, BY BABY FORMULAS, 2022-2028 (IN $ MILLION)
FIGURE 30: EUROPE PROBIOTICS
MARKET, BY OTHER PRODUCTS, 2022-2028 (IN $ MILLION)
FIGURE 31: EUROPE PROBIOTICS
MARKET, BY PROBIOTIC BEVERAGES, 2022-2028 (IN $ MILLION)
FIGURE 32: EUROPE PROBIOTICS
MARKET, BY PROBIOTIC BEVERAGES, 2021 & 2028 (IN %)
FIGURE 33: EUROPE PROBIOTICS MARKET,
BY DAIRY-BASED BEVERAGES, 2022-2028 (IN $ MILLION)
FIGURE 34: EUROPE PROBIOTICS
MARKET, BY FRUIT-BASED BEVERAGES, 2022-2028 (IN $ MILLION)
FIGURE 35: EUROPE PROBIOTICS MARKET, BY OTHER BEVERAGES,
2022-2028 (IN $ MILLION)
FIGURE 36: EUROPE PROBIOTICS
MARKET, BY NUTRITIONAL SUPPLEMENTS, 2022-2028 (IN $ MILLION)
FIGURE 37: EUROPE PROBIOTICS
MARKET, BY NUTRITIONAL SUPPLEMENTS, 2021 & 2028 (IN %)
FIGURE 38: EUROPE PROBIOTICS
MARKET, BY POWDERS, 2022-2028 (IN $ MILLION)
FIGURE 39: EUROPE PROBIOTICS
MARKET, BY CAPSULES, 2022-2028 (IN $ MILLION)
FIGURE 40: EUROPE PROBIOTICS MARKET, BY GUMMIES,
2022-2028 (IN $ MILLION)
FIGURE 41: EUROPE PROBIOTICS
MARKET, BY OTHER NUTRITIONAL SUPPLEMENTS, 2022-2028 (IN $ MILLION)
FIGURE 42: EUROPE PROBIOTICS
MARKET, BY VETERINARY FEED, 2022-2028 (IN $ MILLION)
FIGURE 43: EUROPE PROBIOTICS
MARKET, BY COSMETICS, 2022-2028 (IN $ MILLION)
FIGURE 44: EUROPE PROBIOTICS
MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 45: UNITED KINGDOM
PROBIOTICS MARKET 2022-2028 (IN $ MILLION)
FIGURE 46: GERMANY PROBIOTICS
MARKET 2022-2028 (IN $ MILLION)
FIGURE 47: FRANCE PROBIOTICS
MARKET 2022-2028 (IN $ MILLION)
FIGURE 48: SPAIN PROBIOTICS
MARKET 2022-2028 (IN $ MILLION)
FIGURE 49: ITALY PROBIOTICS
MARKET 2022-2028 (IN $ MILLION)
FIGURE 50: POLAND PROBIOTICS
MARKET 2022-2028 (IN $ MILLION)
FIGURE 51: REST OF EUROPE
PROBIOTICS MARKET 2022-2028 (IN $ MILLION)