Europe Nutritional Supplement Market

Europe Nutritional Supplement Market: Set to Reach US$ 63.51 Bn by 2030 with a CAGR of 7.84%

The Europe Nutritional Supplement Market is poised for a substantial expansion, with its value expected to grow from US$ 38.27 Bn in 2023 to US$ 63.51 Bn by 2030. This growth, at a CAGR of 7.84%, reflects an increasing consumer focus on health and wellness across Europe.

Growth Influencers:

The market growth is primarily driven by a soaring demand for sports nutritional and dietary supplements. Additionally, a growing consumer awareness about health and nutrition, coupled with the declining quality of diet, is prompting people to turn to supplements to fill nutritional gaps. However, the market faces challenges with issues of consumer trust, stemming from false labeling and the presence of counterfeit products in the market. These factors pose a significant hindrance to market growth.

Segment Overview:

The market is segmented based on product type, ingredient, form, age group, end use, and distribution channel.

By Product Type

• Dietary Supplements
• Beverages
• Functional Nutrition
• Infant & Maternal Nutrition
• Medical Nutrition
• Sports Supplements
• Nutritional Supplements
• Others

By Ingredient

• Vitamins
• Botanicals
• Minerals
• Proteins & Amino Acids
• Fibers & Specialty Carbohydrates
• Omega Fatty Acids
• Others

By Form

• Capsule
• Powder
• Tablet
• Liquid
• Others

By Age Group

• Infants
• Adults

By End Use

• Energy & Weight Management
• General Health
• Bone & Joint Health
• Gastrointestinal Health
• Immunity
• Cardiac Health
• Diabetes
• Anti-cancer
• Others

By Distribution Channel

• Hypermarkets & Supermarkets
• Pharmacy Stores Treatment
• Online Channels
• Others

Leading segments include Dietary Supplements, commanding over 40% market share, and Proteins & Amino Acids, expected to grow at a CAGR of 10.72%. Tablet forms are set to cross US$ 18.33 Bn by 2028, while the Adults segment remains the largest consumer base. The Immunity segment is witnessing the fastest growth in end-use, and Pharmacy Stores Treatment is emerging as a key distribution channel.

Regional Overview:

Western Europe dominates the market, with significant contributions from countries like the UK, Germany, France, Italy, and Spain. This region is the stronghold of the European Nutritional Supplement Market, accounting for more than 80% of the market share in 2023. With a diverse range of products and an increasing focus on health and wellness, countries like the UK, Germany, France, Italy, and Spain are major contributors to the market's growth. Below are the countries covered in the report:

• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Belgium
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe

Company Profile:

The market is characterized by the presence of prominent players like Abbott Laboratories, Amway, Bayer AG, Glanbia, GlaxoSmithKline, and Pfizer. These companies, holding nearly 47% of the market share, are crucial in driving innovation and meeting consumer demand.

Report Insights:

• The market is projected to reach US$ 63.51 Bn by 2030.
• Dietary Supplements and Proteins & Amino Acids are key growth segments.
• Consumer concerns over product authenticity pose a challenge.
• Western Europe remains the most significant market region.

Questions to be Answered:

• What are the driving factors behind the growth of the European Nutritional Supplement Market?
• What are the key challenges faced by the market?
• How do various segments contribute to the market dynamics?
• What role do major companies play in the market?