Europe Dietary Supplements Market Size to Hit USD 33.80 Bn by 2027; Increasing Awareness about Health and Wellness to Accelerate Market Expansion, Says Fortune Business Insights™
Pune, Aug. 14, 2020 (GLOBE NEWSWIRE) -- The Europe dietary supplements market size is projected to reach USD 33.80 billion by 2027, exhibiting a CAGR of 9.3% during the forecast period. Rapid spread of the coronavirus across Europe has brought to the fore the importance of dietary supplements in the recent months, states Fortune Business Insights™ in its report, titled “Europe Dietary Supplements Market Size, Share & COVID-19 Impact Analysis, By Type (Vitamins, Minerals, Enzymes, Fatty Acids, Proteins, and Others), Form (Tablets, Capsules, Powder, and Liquid), and Regional Forecasts, 2020 – 2027”.
Gain More Insights into the Europe Dietary Supplements Industry Research Report:
Dietary supplements consisting of specific vitamins, proteins, and other micronutrients have been proven to be effective in strengthening the immune system’s response to the COVID infection. A study conducted by researchers from the University Medical Center in Netherlands, the University of Otago in New Zealand, the University of Southampton in the UK, and the Oregon State University in the US found that vitamins C & D, and DHA, an Omega-3 fatty acid found in fish, can significantly boost immune function. A strong immune system is critical in fighting the COVID-19 infection and as the pandemic continues its rampage across Europe, the demand for dietary supplements is set to spike in the region.
List of the Leading Companies Operating in the Europe Dietary Supplements Market are:
Suntory Holdings Ltd. (Tokyo, Japan)
Danone S.A. (Paris, France)
Herbalife Nutrition Ltd. (California, United States)
GlaxoSmithKline plc (Brentford, United Kingdom)
Amway Corp (Michigan, United States)
Pfizer Inc. (New York, United States)
Nestle S.A. (Vevey, Switzerland)
Glanbia Nutritionals (Chicago, United States)
Archer Daniels Midland Company (Chicago, United States)
Abbott Laboratories (Chicago, United States)
As per the report, the market value stood at USD 14.95 billion in 2019. It also provides the following:
Microscopic analysis of the various market segments;
Tangible insights into the drivers and trends shaping the market’s growth trajectory;
Detailed evaluation of the challenges facing the market; and
Exhaustive study of the regional dynamics and competitive milieu of the market.
Get Sample PDF Brochure with COVID-19 Impact Analysis:
Changing Demographics in Europe to Feed Market Growth
Europe, according to the UN’s Population Division, was the first region to enter the period of demographic transition, characterized by lower fertility and improved longevity. The UN states that in 2017, nearly 20% of Europe’s population was aged 60 and above and by 2050, this is expected to reach 35%. This presents attractive opportunities for players in the dietary supplements market of Europe as older people need to consume supplementary food items to maintain their health and energy.
For example, the National Institute of Aging in the US recommends sufficient intake of calcium for people over the age of 50 for maintaining bone density as bone loss can lead to fractures in older persons. Similarly, physicians commonly recommend old people to increase intake of vitamin B6, which is present in bananas, potatoes, fortified cereals, and chicken breast, as it is necessary to form red blood cells. Thus, the Europe dietary supplements market growth is anticipated to gain impetus as the continent’s geriatric population rises.
Regional Insights
Improving Adoption Rate of Food Supplements to Surge the Regional Market
Rising awareness about the multiple benefits of dietary supplements is improving the adoption rate of these products across Europe. To a large extent, this is attributable to the changing perception of food supplement products among consumers in countries such as Belgium, Austria, Denmark, and Greece. The demand for specialized supplements is also growing in the continent, and companies in the region are extensively utilizing e-commerce platforms to broaden their reach regionally as well as internationally.
Among countries, Italy is expected to dominate the Europe dietary supplements market share during the forecast period on account of supportive policy framework for herbal food supplements in the country. In 2019, the region’s market size was at USD 2.99 billion. On the other hand, the UK is anticipated to display a remarkable CAGR of 9.69% in the forthcoming years.
Research-based Collaborations to Emerge as Hallmark Feature of Competition
Leading players in the Europe dietary supplements market are actively collaborating with diverse organizations, institutions, and companies to enhance their research capacities. This is allowing them to widen their offerings and develop products for specific consumers. Additionally, companies are leveraging digital platforms to boost sales and strengthen distribution networks.
February 2020: Nestle Health Science signed a long-term agreement with VALBIOTIS, a French health R&D company, to develop and commercialize TOTUM-63. Conceived to lower the risk of development of Type 2 Diabetes in pre-diabetic persons, the product features an innovative combination of five plant extracts.
November 2019: Royal DSM completed its takeover of AVA, a US-based nutrition platform, strengthening its portfolio of health and wellness products and services. AVA is an AI-based digital health platform that provides adaptive nutrition recommendations and delivers live coaching to customers.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Drivers, Restraints
Market Opportunities
Emerging Trends
Key Insights
Overview of the Parent/ Related Markets
Nutraceuticals Market
Supply Chain Analysis
Industry SWOT Analysis
Analysis on Technological Advancements Analysis
Recent Industry Developments- Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Europe Dietary Supplements Market Analysis, Insights and Forecast, 2016–2027
Dietary Supplements Market Size, Share & Industry Analysis, By Form (Tablets, Capsules, Liquids, and Powders), Type (Vitamins, Minerals, Enzymes, Fatty Acids, Proteins, and Others), and Regional Forecasts, 2019 – 2026
Southeast Asia Dietary Supplements Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Enzymes, Fatty Acids, Proteins, and Others), Form (Tablets and Capsules, Powder, and Liquid), and Regional Forecasts, 2019 – 2026
Food Premix Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Dietary Fibers, Others), By Application (Beverages, Dietary Supplements, Dairy, Fortified/Functional Foods)and Regional Forecast, 2019-2026
Plant Based Protein Supplements Market Size, Share and Industry Analysis By Type (Soy Protein, Pea Protein & Wheat Protein), By Distribution Channel (Mass Merchandisers, Pharmacies/Drugstores, Specialty Stores, Online Retail & Others), and Regional Forecast 2018-2025
Natural Vitamin E Market Size, Share & Industry Analysis, By Type (Tocopherols, and Tocotrienols), Application (Dietary Supplements, Food and Beverages, Cosmetics, and Others), and Regional Forecasts 2019-2026
EPA & DHA Market Size, Share & Industry Analysis, By Type (Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA)), By Source (Algae, Fish, Krill, Others), By Application (Dietary Supplements, Functional Food & Beverages, Infant Formulae, Pharmaceuticals, Others) and Regional Forecast, 2019-2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
