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Europe Probiotic Supplements Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type and Distribution Channel

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    Report

  • 120 Pages
  • August 2022
  • Region: Europe
  • The Insight Partners
  • ID: 5659430
UP TO OFF until Dec 31st 2024
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.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 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 Restraints6. 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 Channel10. Overview- Impact of COVID-19
10.1 Europe: Impact Assessment of COVID-19 Pandemic11. 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 Publisher
13.2 Glossary

List of Figures
Figure 1. Europe Probiotic Supplements Market Segmentation
Figure 2. Europe Probiotic Supplements Market Overview
Figure 3. Others Segment Held the Largest Share of Europe Probiotic Supplements Market
Figure 4. Europe Probiotic Supplements Market, Industry Landscape
Figure 5. Europe: PORTERS Analysis
Figure 6. Europe: Ecosystem Analysis
Figure 7. Europe: Expenditure on Preventive Healthcare in Europe, 2019 (% of GDP)
Figure 8. Europe Probiotic Supplements Market Impact Analysis of Driver and Restraints
Figure 9. Country Overview of Probiotic Supplements Market
Figure 10. Europe Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Market Positioning of Key Players In Europe Probiotic Supplements Market
Figure 12. Probiotic Supplements Market Revenue Share, by Product Type (2021 and 2028)
Figure 13. Capsules and Tablets: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Gummies: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Powder: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Probiotic Supplements Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 18. Supermarkets and Hypermarkets: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Specialty Stores: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Online Retail: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Probiotic Supplements Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic on Europe Market

Companies Mentioned

  • Nature’s Bounty
  • GNC
  • Pharmavite LLC
  • BioGaia
  • Nature’s Way Products, LLC
  • SFI Health
  • Amway
  • Bayer AG
  • Church and Dwight Co. Inc.
  • Herbalife Nutrition Ltd

Table Information