Europe Probiotics Market value is projected to reach $21.5 Billion by 2024; rising awareness regarding immune and gut health, rapidly ageing population and rising incidences of gut-related diseases are predicted to significantly enhance the market size. These are bacteria which provides beneficial effect on human gut and help prevent disorders such as skin issues, digestive disorders, candida, and autoimmune diseases.
The market size from lactobacilli was valued at over USD 9 billion in 2017 and may witness substantial gains in the future timeframe. The product provides an aid in reducing cholesterol, diarrhea, irritable bowel syndrome, reduces pathogenic overgrowth and strengthens the immune system which may boost industry growth.
The market size from bifidobacterium may witness significant gains close to 6% by 2024 owing to product effectiveness in treating constipation, irritable bowel syndrome (IBS), common cold & flu and diarrhea. Also, the product improves the digestion of milk and plant-derived carbohydrates and provides protection against infections, further accelerating the regional market growth.
The probiotics market demand from food & beverage applications may witness significant gains of about 6.5% by 2024. Rising demand for probiotic ingredients among consumers owing to increased awareness of their various health benefits including improved mental health, heart conditions, allergies and gut health. These products are found in various food & beverage products such as yogurt, juices, baked goods, confectionery items, wine and beer which may promote market growth.
Germany human probiotics market was valued at over USD 3 billion in 2017 and is predicted to rise in the predicted timeframe. Shifting consumer preferences towards probiotic based cosmetic & personal care products, increasing demand for healthy foods and dietary supplements are likely to drive market growth.
The market share is moderately concentrated with several major industry participants such as Arla Foods, Chr. Hansen Holding, Lallemand, DuPont Danisco, and Danone. Manufacturers are focusing on innovative strategies to develop new products and enhance their product portfolio, and collaborations to improve their technical expertise.
Segments Covered in this Report:
Market Demand (By Application)