by Germany Nutritional Supplements Market garnering significant demand owing to various health benefits associated with supplements such as prevention of lifestyle diseases and boosting immunity. Nutritional supplements including vitamins, minerals, proteins, and other dietary ingredients help fulfill the nutritional gaps in regular diet.
The global Germany Nutritional Supplements Market is estimated to be valued at US$ 805.85 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing health awareness among consumers is a key trend propelling demand for nutritional supplements in Germany. Consumers are increasingly recognizing the importance of proper nutrition and the role of supplements in maintaining good health. With rising prevalence of lifestyle diseases and changing dietary patterns, Germans are actively seeking supplements to complement their regular diets and meet their nutritional requirements. According to a consumer survey, over 50% of German consumers reported taking supplements on a regular basis to boost immunity, reduce joint pain and support cardiovascular health. Growing health-consciousness and adoption of proactive healthcare approach is expected to continue boosting sales of various supplements including vitamins, minerals, probiotics and sports nutrition supplements over the forecast period.
SWOT Analysis
Strength: Germany is one of the largest dietary supplements market in Europe. The increasing awareness regarding healthcare and fitness has boosted the demand for nutritional supplements in the country.
Weakness: Stringent regulations related to labeling of ingredients and making disease prevention and treatment claims on supplements.
Opportunity: Rising geriatric population suffering from chronic diseases creates demand for supplements. Growing health-conscious population focuses on preventive healthcare.
Threats: Side effects of incorrect usage and contamination along with presence of strict regulations poses threats. Competition from alternative therapies can hamper the growth.
Key Takeaways
The Global Germany Nutritional Supplements Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. Rapid urbanization, increasing health awareness, growing middle-class population are some of the major factors driving the demand for nutritional supplements in Germany. The global Germany Nutritional Supplements Market is estimated to be valued at US$ 805.85 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030.
Regional analysis: Germany dominates the European nutritional supplements market and accounts for over 25% of the Europe market share in 2023. The rising aging population suffering from chronic diseases like arthritis, diabetes and cardiovascular problems boosts the demand for supplements. Lifestyle changes, preference for preventive healthcare, and growing health consciousness also propels the market growth.
Key players: Key players operating in the Germany nutritional supplements market are Mentor Medical, Biovea Germany GmbH, Swisse, and Blackmores. Dietary supplements makers in Germany focus on Research & Development to introduce innovative supplements fortified with essential vitamins and minerals customized as per age groups and medical needs. They also emphasize on sustainable and eco-friendly packaging along with stringent quality certifications to adhere with regulations.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
