The European nutraceuticals market is anticipated to grow at a CAGR of 7.4% during the forecast period. The increasing prevalence of lifestyle-oriented diseases is creating demand for nutraceuticals among the consumers, which tend to drive the European nutraceuticals industry. The report covers the analysis of major economies including Germany, the UK, Italy, France, Spain, and the Rest of Europe.
A full report of European Nutraceuticals Market is available at: https://www.omrglobal.com/industry-reports/european-nutraceuticals-market
Germany is estimated to contribute a prominent share in the European nutraceuticals market. According to the German trade and invest (GTAI) in 2019, Germany has nearly 82 million consumers of food and beverage products across the country. This number is further expected to increase in the coming years, making Germany a hotspot for the manufacturing of food and beverage products in the near future. Consumers in the country show a growing demand for quality enriched products including health & wellness foods. More and more consumers recognize the positive effects of balanced nutrition to their overall health and wellbeing.
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Moreover, for 41% of all the Germans aged 60 and more, healthy nutrition plays a key role in their life. This number increases to 54% among Germans of 70 years and more. The German population increasingly prefers healthy and sustainable nutrition. Further, the food and beverage industry of the country is continuously involved in conducting R&D activities for developing new products, enhancing nutrition, and improving general food safety. All these factors altogether contribute to the European nutraceuticals industry.
Market Coverage
- Market numbers available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Product Type
o By Distribution Channel
- Competitive Landscape- Amway Corp., Danone SA, Nestle SA, Koninklijke DSM NV, Arkopharma Laboratories SA, Bioextra Co. Ltd., Nutraceuticals Group Europe Ltd., and others
Key Questions Addressed by the Report
- What is the current market size and growth rate in the forecast period?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- Impact on market growth due to the COVID-19 pandemic?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European Nutraceuticals Market – Segmentation
By Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
By Distribution Channel
- Retail & Supermarkets
- Online Platform
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