Europe Dietary Supplements Market Outlook
According to a new report by Expert Market Research titled, “Europe Dietary Supplements Market Size, Share, Analysis, Report and Forecast 2023-2028″, the europe dietary supplements market is projected to grow at a CAGR of 9.50% between 2023 and 2028. Aided by the rising awareness about health and wellness and the increasing prevalence of lifestyle diseases, the market is expected to grow significantly by 2028.
Dietary supplements are products intended to supplement the diet and provide essential nutrients such as vitamins, minerals, and proteins, among others. They can be found in various forms, including tablets, capsules, powders, and liquids. Dietary supplements are widely used to enhance overall health, boost immunity, prevent lifestyle diseases, and maintain physical performance.
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The burgeoning health consciousness among European consumers is driving the Europe dietary supplements market growth. As the awareness of the health benefits linked with nutritional consumption grows, there has been a significant shift towards supplement-enriched diets, leading to a surge in demand for dietary supplement products. Furthermore, the rising trend of health and fitness, similar to the global casein market, has contributed to the popularity of dietary supplements as they are commonly used in fitness and health regimes.
The rising applications of dietary supplements are expanding across various sectors, which is one of the key Europe dietary supplements market trends propelling the market growth. In the pharmaceutical industry, certain supplements are used to support treatment protocols and recovery. In the cosmetics industry, supplements such as collagen are utilised for their skin-enhancing properties, essential for various skincare products.
Moreover, the rise in lifestyle diseases like obesity, diabetes, and cardiovascular disorders is a major factor increasing the Europe dietary supplements market development. The ability of dietary supplements to address nutritional deficiencies related to these diseases has led to an increased demand for these products.
Additionally, the food and beverage industry’s growing need for plant-based substitutes has raised attention on dietary supplements as a potential ingredient. Dietary supplements have become an important part of producing nutrient-balanced, alternative food products owing to the advent of vegetarianism and veganism and the popularity of plant-based diets.
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The Europe dietary supplements market is also witnessing the expansion of dietary supplements in various forms such as tablets, capsules, powders, and liquid. These different formats offer consumers a choice based on their preference, making dietary supplements more appealing and convenient to use.
Europe Dietary Supplements Market Segmentation
The market can be divided based on type, distribution channel, and country.
Market Breakup by Type
- Herbal Supplements
- Proteins and Amino Acids
- Vitamins and Minerals
- Fatty Acids
- Probiotics
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Pharmacies and Drug Stores
- Online
- Others
Market Breakup by Country
- Germany
- United Kingdom
- France
- Italy
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Europe dietary supplements companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Amway Corp.
- GlaxoSmithKline plc
- Bayer AG
- Reckitt Benckiser Group plc
- Nestlé S.A.
- Others
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