The Report “Europe Probiotic (Nutraceuticals) Market by Application (Functional food, Functional Beverages, Animal Feed, Dietary Supplements, Personal care ) and by Geography- Trends and Forecast up to 2019” is estimated to reach $663.38 million by 2019, at a CAGR of 7.7% from 2014 to 2019.
Browse through the TOC of the Europe Probiotic Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The consumption of fermented milk has traditionally been high in several European countries. The main reason behind the key supremacy of the European probiotic market is the consumer approach towards probiotics. The saturation of probiotics in the market is so high that probiotic foods are available in grocery stores as well as supermarkets, while supplements are available in pharmacies and health food shops. Health, fitness, and better immune system are the key factors that spread awareness thereby driving the growth of this market. Also, companies in Europe believe that product and ingredient innovation is a way forward for the nutraceutical industry. Wide acceptance of such new products also drives the European probiotic market.
Europe is accounted to be the largest market for probiotics, wherein Germany holds the maximum share. Germany is the largest market in Europe, and as of 2014, contributed a major share of around 22.3% in the probiotic market. In Europe, there are five major players: Group Danone (France), Chr. Hansen (Denmark), DuPont (U.S.), Lallemand Health Solutions (Canada), and Yakult Honsha Co. Ltd. (Japan). Danone (France) is the major player with a share of 18.2% followed by Chr. Hansen with a share of 14.5%.
The probiotic market is segmented and projected on the basis of applications such as functional food, functional beverages, dietary supplements, animal nutrition, and personal care. Functional food is the most preferred application of probiotics. The market is further segmented and forecasted on the basis of major countries, such as the Germany, France, Italy, Russia, Switzerland, and others.
This report also comprises market share, supply chain, and value chain analyses, and market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of key players such as Group Danone, Chr. Hansen, DuPont, and Lallemand Health Solutions.
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