Europe Probiotics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Probiotics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Probiotics Market is projected to grow at a CAGR of 5.35% during the forecast period (2020 - 2025).

Key Highlights

• The European Probiotic Association (EPA) is an association of companies involved in the production and registration of probiotics for sale mainly within the European Union. The probiotics market in the region that is expected to attain substantial growth in food and beverage supplements followed by animal feed segment over the forecasted period.
• Feed probiotics are positioned in the European market with three major label claims: promoting animal health, reducing incidences of foodborne illness, and improving the public perception of the cattle industry.

Key Market TrendsRussia Dominates The European Market

Functional food products continued to make the greatest contribution to the health and wellness market in Russia. The market in Russia is driven by increasing demand for functional food and beverage products, including probiotic-based products, with existing awareness among consumers about its usage. Many medical professionals in the country recommend probiotics for its several benefits, including immunity, for infection in children, etc. This has grown over the decade, which has led to its highest share of 38.02% in the region in 2017. The animal feed manufacturers in the have been offering a range of probiotics to ranchers and feedlot operators with a claim that they can replace antibiotics which is also one the major factor to the growth of probiotics market in the country

Growing Demand for Functional Food and Beverages

In Europe due to the prevalence of obesity, lactose intolerance, and the aging population, the demand for functional foods and beverages has registered a substantial growth of the years. The sales through supermarkets/hypermarkets are strongly augmenting the overall sales of probiotics in various countries such as Russia, Germany, Spain, and others. The increasing consumer awareness about the nutritional benefits of probiotics especially among the lactose intolerance consumers is adding to the strong growth in the market. Due to the growing demand for probiotics in the region, the supermarkets such as Sainsbury's are providing probiotics under their own private labeled so as to cater to the growing demand among the consumers in the region

Competitive Landscape

Europe probiotic market is a consolidated market with a strong dominance of major players such as Yakult, Danone, PepsiCo, and others. Probiotic foods are currently dominated by dairy products, such as fermented milk drinks, probiotic yogurts, and probiotic yogurt drinks. The market’s biggest players include Yakult and Danone, followed by Morinaga and Nestlé. The bigger players have further consolidated their positions in recent years. Moreover, the new launches by the players in the food and beverage segment are augmenting the growth of the market

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.