Growing Demand and Size of Europe Probiotic Supplements Market: Key Drivers and Trends
MarkNtel Advisors presents a comprehensive research report on the Europe Probiotic Supplements Market Size, Share, Analysis, Future expected to reach CAGR of 4.78% by 2028. delving into a thorough analysis of the industry's changing dynamics, growth drivers, challenges, key trends, and lucrative opportunities. This study aims to provide stakeholders in the market with detailed insights, enabling them to make informed and strategic decisions that will yield higher revenues in the coming years. With a focus on delivering value, the report covers a wide range of aspects, ensuring a holistic understanding of the market landscape.
Unlocking Market Insights: Exploring Key Aspects in the Europe Probiotic Supplements Market Report (2023-2028)
- It analyzes the fluctuations in revenue across different segments and geographical regions, considering the evolving trends and purchasing patterns of end-users.
- The report highlights key developments, including the introduction of new services, expansion of product portfolios, revenue generation strategies of major players, stakeholder investments, and the role of governments.
- Additionally, it offers an unbiased overview of market trends, innovations, technological advancements, and fluctuations, as observed by industry experts.
- To ensure reliable data generation and analysis, the report utilizes tools such as SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE (Political, Economic, Social, Technological, Legal, and Environmental) analysis.
- The competitive landscape section of the report showcases the dynamic strategies employed by leading players to enhance profit margins and expand their market presence across different regions.
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Market Dynamic
Key Driver: Growing Demand for Functional Food & Beverages to Escalate the Market Growth
In the region, due to the high prevalence of obesity, lactose intolerance, and the aging population, the demand for functional foods & beverages has experienced considerable growth during the historical years. In addition, the sales through supermarkets & hypermarkets are primarily augmenting the overall sales of probiotics in the regional countries such as Russia, Germany, and Spain, among others. Furthermore, the rising consumer awareness about the nutritional benefits of probiotic supplements, particularly among lactose intolerance consumers, is adding to the strong market growth.
Moreover, retailers like Sainsbury's are offering probiotic supplements under their private labeled tags to meet the growing demand for probiotic supplements among consumers in the area as a result of the region's increased consumption of probiotics. In addition, with the growing population as well as the increase in the demand for probiotic supplements, the manufacturing companies are expanding their operations through acquisition. For instance:
- In 2021, Archer Daniels Midland acquired Deerland Probiotics & Enzymes to expand its health & wellness products, which include probiotics & dietary supplements across the region.
Possible Restraint: High Cost of the Probiotic Supplements to Hinder the Market Growth
The high costs associated with developing new probiotic strains, including lactobacillus, bifidobacterium infantis, etc., hindered the market growth, since maintaining the shelf life, monitoring, and exposure to oxygen are essential to bacteria's survival. Therefore, the investment in R&D and laboratories are pricey, and the requirement for trained professionals & research equipment is very costly. These are some factors that are expected to hamper the growth of probiotic supplements.
Furthermore, the probiotic supplements have a lower shelf life, therefore the manufacturers need cold storage to increase their shelf life, which requires a very high amount of cost & might hinder the market growth.
The competitive landscape of the Europe Probiotic Supplements Market depicts the dynamic scenario among industry players, highlighting their market positions, strategies, and initiatives. It encompasses an analysis of key competitors, their strengths, weaknesses, opportunities, and threats (SWOT analysis). The report also sheds light on the market share, product offerings, business expansion, collaborations, mergers and acquisitions, and other strategic activities undertaken by these players to gain a competitive edge. Additionally, it examines the competitive intensity, market barriers, and potential entry of new players, providing a comprehensive understanding of the market's competitive landscape.
-NutraScience Labs
-Probium LLC
-Deerland Enzymes
-Chr. 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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Segmentation Unveiled: Analyzing Europe Probiotic Supplements Market's Expansion and Mapping Demand, and Distribution across Geographies
By Form
-Solid Form
--Tablets
---By End User
----Kids (3.1 to 15 years)
----Adults (Above 15 years)
--Capsules
---By End User
----Kids (3.1 to 15 years)
----Adults (Above 15 years)
--Gummies
---By End User
----Kids (3.1 to 15 years)
----Adults (Above 15 years)
--Powder
---By End User
----Infants (Upto 3 Years)
----Kids (3.1 to 15 years)
----Adults (Above 15 years)
--Chewable
---By End User
----Kids (3.1 to 15 years)
----Adults (Above 15 years)
--Others
By End User
-Infant
-Kids
-Adults
--16-35 Years
--36-50 Years
--51-65 Years
--Above 66 Years
By Distribution Channel
-Pharmacies
-Health & Beauty Speciality Stores
-Supermarkets & Hypermarkets
-Convenience Stores
-Online Stores
--Via E-commerce Players
--Supplier Selling Via Own Website
By Diseases
-Digestive Health
--Lactose Intolerance
--Constipation
--Others (Ulcerative Colitis, Colic, etc.)
-Irritable Bowel Syndrome (IBS)
-Oral Disease
-Immunity-based Disease
-Others
--Cardiovascular Diseases
--Respiratory Infections
--Obesity
--Memory/Mood/Relaxing
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On the geographical front, the Europe Probiotic Supplements Market expands across:
By Country
-Germany
-The UK
-France
-Italy
-Spain
-Others
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