Europe Probiotics Market Size & Outlook, 2023-2030
Europe probiotics market, 2017-2030 (US$M)
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Europe probiotics market highlights
- The Europe probiotics market generated a revenue of USD 20,061.0 million in 2023.
- The market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
- In terms of segment, probiotic food & beverages was the largest revenue generating form in 2023.
- Probiotic Dietary Supplements is the most lucrative form segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 20,061.0 million |
| Market revenue in 2030 | USD 47,989.9 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | Probiotic food & beverages |
| Fastest growing segment | Probiotic Dietary Supplements |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Probiotic Food & Beverages, Probiotic Dietary Supplements, Animal Feed Probiotics |
| Key market players worldwide | Arla Foods, BioGaia AB Class B, Danone SA, DuPont de Nemours Inc, General Mills Inc, Lifeway Foods Inc, Kerry Group PLC Class A, Nestle SA, Probi AB, Yakult Honsha Co Ltd, Chr. Hansen, i-Health, Lallemand, Mother Dairy |
Other key industry trends
- In terms of revenue, Europe region accounted for 22.9% of the global probiotics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 89,728.4 million by 2030.
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Probiotics Market Scope
Probiotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe probiotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to probiotics market will help companies and investors design strategic landscapes.
Probiotic food & beverages was the largest segment with a revenue share of 60.32% in 2023. Horizon Databook has segmented the Europe probiotics market based on probiotic food & beverages, probiotic dietary supplements, animal feed probiotics covering the revenue growth of each sub-segment from 2017 to 2030.
The initiatives undertaken by the European Probiotic Association (EPA), such as providing guidelines and organizing educational webinars, serve as driving factors for the growth of the probiotics market in Europe.
The guidelines established by the EPA ensure that probiotic products in Europe meet stringent quality and safety standards. This fosters consumer confidence in probiotics and encourages their usage, leading to an increased demand for probiotic products in the market.
The Federation of European Nutrition Societies (FENS) plays a crucial role in funding and investing in nutritional foods and nutricosmetics businesses across Europe. This support from FENS provides a significant market growth opportunity for European manufacturers, particularly in the field of nutritional foods such as probiotic dietary supplements.
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Our clientele includes a mix of probiotics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe probiotics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe probiotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe probiotics market size, by country, 2017-2030 (US$M)
Europe Probiotics Market Outlook Share, 2023 & 2030 (US$M)
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