The Europe Probiotics Market size is estimated at USD 13.78 billion in 2024, and is expected to reach USD 16.36 billion by 2029, growing at a CAGR of 3.49% during the forecast period (2024-2029).
Europe's probiotic market is consolidated with a strong dominance of major players such as Yakult, Danone, PepsiCo, and others. Dairy products dominate probiotic foods, such as fermented milk drinks, probiotic yogurts, and probiotic yogurt drinks. The market's biggest players include Yakult, Danone SA, Morinaga, and Nestlé SA. The more prominent 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 market's growth. Also, the major global players have a geographical reach and high brand awareness among consumers, giving them an upper hand. Major regional players have focused on innovation to strengthen their product portfolio, catering to a wide range of customers and expanding to new regions.
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