The Europe Vitamin Supplements Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027).
The demand for vitamin supplements has been soared due to the rising awareness among consumers about the direct link between health and diet. In addition, new eating trends particularly in the western world, and absence of fibers, amino acids, vitamins & minerals, and growing aging population are some of the aspects boosting the growth of the vitamin supplement market during the forecasting period.
Consumers prefer to include supplements and vitamins in their daily diet due to the growing interest and concerns about personal health & well-being. In addition, vitamins are products that are taken in small doses and focused on promoting the physiological functions of the body, maintaining health status, supporting physical and mental well-being or decreasing the possibility of disease.
The consumers in the region are becoming more health-conscious; as a result, they are shifting to health-giving products. In addition, the growing disposable income of the consumers in well-established nations such as the U.K., France, and Germany is expected to provide impetus to the demand and sale of vitamin supplements market during the forecasting period.
Moreover, the rise in popularity of bodybuilding, fitness, and other sports among the youth is fueling the demand for food supplements that can help said generation to fulfill appearance goals. Thus, these factors are anticipated to boost the growth of the vitamin supplements market during the forecasting period.
The Germany market dominated the Europe Vitamin Supplements Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5.11 billion by 2027. The UK market is poised to grow at a CAGR of 6.4% during (2021 - 2027). Additionally, The France market would witness a CAGR of 8% during (2021 - 2027).
Based on the Form, the Vitamin Supplements market is segmented into Tablets, Capsules, Gummies, Softgels, Powder, and Others. Based on the Distribution Channel, the Vitamin Supplements market is divided into Offline and Online. Based on the Type, the Vitamin Supplements market is segregated into Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, 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 Vitamin Supplements Market Size will Hit $74.27 billion by 2027, at a CAGR of 8.0%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Alticor Inc. (Amway Corporation), NOW Foods, Inc., Glanbia PLC, GlaxoSmithKline PLC (GSK), Pfizer, Inc., Bayer AG, Good Health New Zealand, Herbalife International, Inc., and The Bountiful Company (Nestlé SA).
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