Overview of the Europe Probiotic Supplements Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Europe Probiotic Supplements Market By Form (Solid Form (Tablets, Capsules, Gummies, Powder, Chewable, 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)), The Europe Probiotic Supplements Market is projected to grow at a CAGR of around 4.78% during the forecast period, 2023-28. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Europe Probiotic Supplements Market Growth and Scope:
Base Year: 2022
Forecast Period: 2023-28
Historical Data: 2018-21
CAGR (2023-2028): 4.78%
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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 RD 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.
A Comprehensive Analysis of Leading Companies of Europe Probiotic Supplements Market by MarkNtel Advisors:
- 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
Key Europe Probiotic Supplements Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/europe-probiotic-supplements-market.html
-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.
-By Distribution Channel
- Pharmacies
- Health Beauty Specialty Stores
- Supermarket Hypermarket
- Convenience Stores
- Online Stores
Of them all, the Online Stores witnessed a considerable market share in the Europe Probiotic Supplements market.
-By End User
- Infant
- Kids
- Adults
-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
Of all the countries, Germany has been portraying a noticeable market growth since 2017.
Key Reports Highlights:
- Market Dimensions Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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