Europe Nutraceuticals Market Size, Share & Industry Trends Analysis Report By Type, By Dietary Supplements, By Functional Beverages, By Sales Channel, By Form, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Europe Nutraceuticals Market would witness market growth of 8.1% CAGR during the forecast period (2021-2027).
Nutraceuticals have gotten a lot of press in recent years due to a number of factors, including changing lifestyles, a growing middle class in emerging economies, changing dietary preferences, an ageing population, and longer life expectancy. Furthermore, the pharmaceutical industry's focus on pricey specialty pharmaceuticals is increasing the load on the healthcare system and resulting in increased out-of-pocket expenses for drugs, causing a shift toward prevention rather than intervention. Nutraceuticals, such as superfoods, sports nutrition, food and nutritional supplements, and functional foods and beverages, are in high demand due to the global self-care trend.
The necessity for replenishing such important nutrients is growing as a result of our hurried lifestyles and lack of time to consume the necessary nutrients through a regular diet. Nutraceuticals are emerging as a viable option for satisfying this need in this environment. In addition, nutraceuticals are thought to be the missing link between diet and health.
There is a growing consumer preference for preventative healthcare measures across various nations of the region. The increased demand for nutraceutical items, particularly dietary supplements, in the region has been fueled by the region's ageing population. Anti-aging concerns among the elderly drive the nutraceuticals market in Europe, which is mostly concentrated in France, Italy, Germany, the United Kingdom, and Spain. The demand for nutraceutical products is increasing as a result of mounting consumer and regulatory pressure in Europe.
Western Europe continues to be a leader in nutraceutical sales, mostly through pharmacy-based distribution. In the forecast period, growing obesity, cardiovascular illness, and obesity disease are intended to result the nutraceutical sector. In addition, functional bottled water is becoming more popular in European countries. Strong promotion for Coca-Glacéau Cola's VitaminWater brand improved sales, as did increased usage during sports and exercise. As a result, these factors are projected to boost the demand and growth of the nutraceuticals market over the forecast period.
The Germany market dominated the Europe Nutraceuticals Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $48.3 billion by 2027. The UK market is anticipated to grow at a CAGR of 7.2% during (2021 - 2027). Additionally, The France market would witness a CAGR of 8.9% during (2021 - 2027).
Based on Type, the market is segmented into Functional Food, Dietary Supplements, and Functional Beverages. Further, on the basis of Functional food, the market is segmented into Vitamins, Minerals, Carotenoids, Dietary Fibers, Prebiotics & Probiotics, Fatty Acids, and Others. Based on Dietary Supplements, the market is segmented into Vitamins & Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Botanicals, Omega Fatty Acids & Others. Based on Functional Beverages, the market is segmented into Energy & Sports Drinks, Functional Juices, and Others. Based on Sales Channel, the market is segmented into Pharmacy, Specialty Stores, Hypermarket/Supermarket, and Online Channels. Based on Form, the market is segmented into Capsule & Tablets, Liquid, Powder, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Nutraceuticals Market Size will Hit $743.6 Billion by 2027, at a CAGR of 8.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., General Mills, Inc., Archer Daniels Midland Company, Danone, S.A., Koninklijke DSM N.V., International Flavors & Fragrances, Inc., Herbalife International, Inc., The Hain Celestial Group, Inc., Amway Corporation, and Cargill Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Functional Food
- Dietary Fibers
- Prebiotics & Probiotics
- Fatty Acids
- Dietary Supplements
- Vitamins & Minerals
- Proteins & Amino Acids
- Fibers & Specialty Carbohydrates
- Omega Fatty Acids & Others
- Functional Beverages
- Energy & Sports Drinks
- Functional Juices
By Sales Channel
- Specialty Stores
- Online Channels
- Capsule & Tablets
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Nestle S.A.
- General Mills, Inc.
- Archer Daniels Midland Company
- Danone, S.A.
- Koninklijke DSM N.V.
- International Flavors & Fragrances, Inc.
- Herbalife International, Inc.
- The Hain Celestial Group, Inc.
- Amway Corporation
- Cargill Corporation
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