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The Europe Probiotic Market report defines and segments the market in Europe with analysis and forecast of revenue. The Probiotic Market in Europe is estimated to grow from $395.53 million in 2012 to $616.13 million by 2018, at a CAGR of 7.7% during the forecast period.
Probiotic Market is expected to reach $616.13 Million by 2018, at a CAGR of 7.7% from 2013 to 2018. Browse through the TOC of probiotic market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Probiotics are considered as microorganisms, such as bacteria and yeast that are available in food products and supplements. Traditionally, the consumption of fermented milk was known to be higher in several countries. The significance of probiotics is understood by its fascinating benefits provided in terms of improving the digestive process of a human body. Some researchers believe that the occurrence of digestive disorders arise due to the imbalance of bacteria in our intestines. Such digestive disorders are naturally cured with the indirect consumption of live bacteria. As people are quite skeptical about the beneficial properties of bacteria usage, they are also ignorant to the advantages of probiotics supplements in the market. Today, with growing customer awareness about varied health supplements in the market, the probiotic market segment is projected to increase at a rapid scale.
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European probiotics is a growing market segment in the nutraceutical ingredients market. The prime reason behind the supremacy of the European probiotics market is the altering consumer attitude towards the consumption of probiotics products. In-depth knowledge pertaining to the importance of probiotics, with regards to maintaining a strong immune system and gut health, has led to the sustained growth of probiotics components in the market. In order to address this growing demand, these products are made available across grocery stores, supermarkets, pharmacies, and health food shops. Therefore, the rise in awareness of health benefits associated with the consumption of probiotic products, which in turn, has been triggered by the increase in population of health conscious individuals, results in driving the overall demand of the probiotic market in European regions.
Europe is accounted to be the largest market for probiotics, wherein Germany holds a maximum share of 22.3%. The market is segmented on the basis of geography and application. According to the application segment, this market gets classified into functional food, functional beverages, dietary supplements, animal nutrition, and personal care. Functional food is considered as the most preferred application in the European probiotics market, and they are having the biggest growth potential among all other probiotic applications.
The North America Probiotics (Nutraceuticals) Market is estimated to grow from $347.9 million in 2012 to $542.4 million by 2018, at a Compound Annual Growth Rate (CAGR) of 7.7%, for the given period. North America has a tremendous growth potential in the field of probiotics because of consumer's natural pre-disposition of taking supplements and the consumption of dairy products.
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