Reports
Europe Dietary Supplements Market: By Type: Herbal Supplements, Proteins and Amino Acids, Vitamins and Minerals, Fatty Acids, Probiotics, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Europe Dietary Supplements Market Outlook
The Europe dietary supplements market reached a value of about USD 17.99 billion in 2021. The market is further estimated to grow at a CAGR of 9.50% in the forecast period of 2023-2028 to reach a value of around USD 31 billion by 2027.
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Rising Demand for Vitamins and Minerals to Propel the Market Growth of Dietary Supplements
The COVID-19 pandemic aided the market development of vitamin-based dietary supplements, owing to the rising need to boost immunity and prevent contracting the virus. Also, the emerging need to avoid the risk of a low intake of some nutrients, such as vitamin D, iron, and iodine, particularly in children and adolescents, is leading to the increased intake of dietary supplements to tackle nutritional deficiencies. Vitamin D dietary supplements, in the right amount, are necessary during the absence of sunlight, particularly in autumn and winters, for certain groups who are at greater risk, such as pregnant women and breastfeeding women. The folic acid supplements, a B-group vitamin, are recommended to pregnant women to reduce their risk of having a child with spina bifida. Further, the popularity of supplements like vitamins C and E as antioxidants that prevent cell damage and vitamin B12 among vegetarians to keep blood cells healthy is also increasing, thereby favouring the Europe dietary supplements market growth.
Market Segmentation
Dietary supplements are nutrients or other substances, such as vitamins, minerals, botanical or herbal ingredients, amino acids, and enzymes that are added to a regular diet for a nutritional or physiological effect. They are available in forms, such as pills, tablets, capsules, and liquids, among others. Dietary supplements can improve overall health and help manage certain health conditions.
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The market for dietary supplements, by type, is divided into:
- Herbal Supplements
- Proteins and Amino Acids
- Vitamins and Minerals
- Fatty Acids
- Probiotics
- Others
Based on distribution channel, the market is segmented into:
- Supermarkets and Hypermarkets
- Pharmacies and Drug Stores
- Online
- Others
The regional markets for dietary supplements can be divided into the United Kingdom, Germany, France, and Italy, among others.
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Rising Health Consciousness Among the Population to Drive the Market Growth of Dietary Supplements
The Europe dietary supplements market is witnessing a rise in the demand for herbal supplements. The rising health consciousness among the population and the growing need to maintain their mental health and physical wellbeing to prevent illnesses are resulting in the increased intake of dietary supplements. The expanding geriatric population in the region and the rising demand for nutritional supplements targeting joint and bone diseases are also aiding the market growth. Further, there is a growing awareness about the benefits of dietary supplements, such as helping maintain general health, supporting mental and sports-related performance, and providing immune system support, among others. Consumers prefer dietary supplements that can be used regularly on a long-term basis over conventional medicines. Additionally, the government regulations over the production and supply of dietary supplements to ensure that the consumers are not provided with misleading information, protecting them from any potential health risks, are also favouring the market growth. The expanding distribution channels like supermarkets/hypermarkets, coupled with the emergence of e-commerce channels, are resulting in the easy availability of dietary supplements. Over the forecast period, the initiatives taken by the market players towards offering superior quality dietary supplements that meet customer expectations are anticipated to further stimulate the market growth.
Key Players in the Europe Market for Dietary Supplements
The report gives a detailed analysis of the following key players in the Europe dietary supplements market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Amway Corp.
- GlaxoSmithKline plc
- Bayer AG
- Reckitt Benckiser Group plc
- Nestlé S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Regional
7 Opportunities and Challenges in the Market
8 Europe Dietary Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Europe Dietary Supplements Historical Market (2018-2022)
8.3 Europe Dietary Supplements Market Forecast (2023-2028)
8.4 Europe Dietary Supplements Market by Type
8.4.1 Herbal Supplements
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Proteins and Amino Acids
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Vitamins and Minerals
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Fatty Acids
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Probiotics
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Europe Dietary Supplements Market by Distribution Channel
8.5.1 Supermarkets and Hypermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pharmacies and Drug Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Online
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Europe Dietary Supplements Market by Country
8.6.1 Market Share
8.6.1.1 United Kingdom
8.6.1.2 Germany
8.6.1.3 France
8.6.1.4 Italy
8.6.1.5 Others
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Germany
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 France
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Italy
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Amway Corp.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 GlaxoSmithKline plc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Bayer AG
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Reckitt Benckiser Group plc
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Nestlé S.A.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe Dietary Supplements Market: Key Industry Highlights, 2017 and 2021
2. Europe Dietary Supplements Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Europe Dietary Supplements Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Europe Dietary Supplements Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Europe Dietary Supplements Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Europe Dietary Supplements Historical Market: Breakup by Country (USD Billion), 2018-2022
7. Europe Dietary Supplements Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Dietary Supplements Market Structure
Key Questions Answered in the Report
In 2021, the Europe dietary supplements market attained a value of nearly USD 17.99 billion.
The market is assessed to grow at a CAGR of 9.50% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 31 billion by 2027.
The major market drivers include the increasing health consciousness, rising geriatric population, expanding e-commerce channels, increasing preference over conventional medicines, availability in different forms, and the increasing focus on meeting the daily intake of essential nutrients.
The key trends guiding the growth of the market include the stringent government regulations, new product launches by market players, and increasing demand for herbal supplements.
The major regions are the United Kingdom, Germany, France, and Italy, among others.
The various types of dietary supplements include herbal supplements, proteins and amino acids, vitamins and minerals, fatty acids, and probiotics, among others.
The major distribution channels of dietary supplements include supermarkets and hypermarkets, pharmacies and drug stores, and online, among others.
The major players in the market are Amway Corp., GlaxoSmithKline plc, Bayer AG, Reckitt Benckiser Group plc, and Nestlé S.A., among others.
Analyst Review
The Europe dietary supplements market attained a value of nearly USD 17.99 billion in 2021, driven by the rising health consciousness among the population. Aided by the introduction of superior quality dietary supplements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 9.50%. The market is estimated to reach about USD 31 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for dietary supplements, by type, is divided into herbal supplements, proteins and amino acids, vitamins and minerals, fatty acids, and probiotics, among others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, pharmacies and drug stores, and online, among others. The major regional markets for dietary supplements are the United Kingdom, Germany, France, and Italy, among others. The key players in the above market include Amway Corp., GlaxoSmithKline plc, Bayer AG, Reckitt Benckiser Group plc, and Nestlé S.A., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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