by Germany Nutritional Supplements Market offers products that aim to supplement the intake of vitamins, minerals, fiber, fatty acids, or amino acids that may lack in a consumer’s diet. Nutritional supplements come in a variety of forms including tablets, capsules, softgels, liquids, and powders. They provide additional support to the body’s systems and functions for overall well-being.
The global Germany Nutritional Supplements Market is estimated to be valued at US$ 6.25 billion in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing health consciousness among Germans has been a key growth driver for the nutritional supplements market over the past few years. The share of population identifying themselves as health-conscious has grown substantially in Germany in recent times. Germans have become increasingly interested in adopting healthy lifestyles and nutritional practices in order to avoid illnesses and diseases. This growing emphasis on preventive healthcare through nutritional supplements, vitamins, and minerals is expected to support demand for Germany nutritional supplements over the forecast period. Consumers in Germany have shown high affinity towards premium products and new supplement categories focusing on specialized benefits. Manufacturers are launching innovative supplements catering to evolving German consumer needs and preferences, which is further propelling market growth.
SWOT Analysis
Strength: The presence of a large health conscious population is driving the growth of nutritional supplements. Germans are increasingly focused on preventive healthcare and wellness.
Weakness: Stringent regulations related to product formulation, labelling and advertising can delay product launches. The market is subject to price pressures from private label offerings.
Opportunity: Rising health expenditure, growing aging population and increasing incidence of chronic diseases provide new opportunities. Personalized nutrition based on genetics is an emerging trend.
Threats: Economic slowdown can reduce discretionary spending on supplements. Scientific reports questioning the efficacy of certain ingredients act as a restraint.
Key Takeaways
Global Germany Nutritional Supplements Market Size is expected to witness high growth. The global Germany Nutritional Supplements Market is estimated to be valued at US$ 6.25 billion in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023-2030.
Regional analysis:
Germany dominates the nutritional supplements market in Europe. Around 70% of Germans regularly consume supplements. Rising health awareness, aging population and presence of major players have supported market growth. North Rhine-Westphalia, Bavaria and Baden-Württemberg register the highest sales.
Key players:
Key players operating in the Germany Nutritional Supplements market are Bayer, Nestle, Amway, Himalaya Global Holdings, Danone and GNC Holdings. These companies have a strong portfolio across product categories like vitamins, minerals, herbal, dietary and sports supplements. They focus on innovations, brand building through social media and expanding their e-commerce presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
