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Europe Probiotics Market size to exceed $21.5 bn by 2024
Published Date: 2018-09-10
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According to the Graphical Research new growth forecast report titled “Europe Probiotics Market analysis based on Ingredients, End Use, Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024”, estimated to exceed USD 21.5 billion by 2024.
Growing demand for functional food & beverages and dietary supplements along with increasing availability of these products in supermarkets, grocery stores, health food stores & pharmacies are stimulating Europe probiotics market growth. These products help in treating various intestinal disorders such as lactose intolerance, bloating and irritable bowel disease which has resulted in increased health consciousness and rising product demand.
Europe probiotics market from streptococcus may witness gains at over 7.5% in the predicted timeframe. These products provide protection against colon cancer, boost immunity, avoid antibiotic-associated diarrhea and reduce the possibility of kidney stones. In 2017, the deaths occurring from colon cancer was approximately 170,000 people in the EU which indicates ample opportunities for the market growth.
Europe probiotics market from dietary supplements was valued at over USD 1.4 billion in 2017. Shifting preferences towards preventive healthcare and enhancement in delivery systems such as sticks & capsules may contribute to the regional market growth.
UK animal probiotics market may show significant gains exceeding 7% in the forecast period. These products offer several benefits such as improvement in feed conversion efficiency, growth and mortality reduction of animals. Moreover, EU ban on antibiotic growth promoters has increased awareness of healthy animal feed which is predicted to accelerate industry growth.
The low stability of probiotic organisms which mandates careful manufacture, storage and transportation methods and stringent regulations concerning scientific requirements & their labelling may hamper market growth.
BioGaia, Arla Foods, Danone, General Mills, and Lallemand are some prominent manufacturers in the substantially competitive Europe probiotics market. Companies are focusing on acquisitions to enhance their product offering and expanding their market share along with indulging in joint ventures to improve their R&D capability and accelerate market demand.
Segments We Cover:
Europe Probiotics Market size, By Ingredients
Europe Probiotics Market Analysis, By End-Use
- Human Probiotics
- Animal Probiotics
Europe Probiotics Market Demand, By Application
- Food & Beverages
- Dietary Supplements
- Animal Feed
The above information is provided for the following country’s: