The Germany nutritional supplements market comprises dietary supplements marketed as foods to provide nutrients like vitamins, minerals, fiber, fatty acids or amino acids. The products are available in various forms like tablets, capsules, liquids and powders which provide nutritional support in addition to consumer's everyday diet to promote a healthy lifestyle. There has been an increase in health consciousness among German consumers demanding for natural ingredients and prevention of chronic diseases which is driving the demand for nutritional supplements. The Global Germany Nutritional Supplements Market is estimated to be valued at US$ 928.34 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Germany nutritional supplements are Mentor Medical Systems B.V. (Johnson & Johnson),,Allergan, Inc. (AbbVie),,Sientra, Inc.,,Ideal Implant Incorporated,,Establishment Labs,,POLYTECH Health & Aesthetics GmbH,,RTI Surgical,,Sebbin,,Integra LifeSciences,,GC Aesthetics. These companies are focusing on new product launches, collaborations and expanding their distribution networks to strengthen their positions in the market.
Some of the key opportunities in the Germany nutritional supplements market include growing investments in research and development of personalized nutrition focusing on specific health conditions like women's health, sports nutrition, cardiovascular health and digestive health. There is a growing preference for herbal and plant based supplements among consumers due to perceived health benefits.
Globally, the Germany nutritional supplements market players are expanding in high growth regions like Asia Pacific and Latin America through strategic mergers and acquisitions. Companies are investing significantly in product innovations, digital marketing and establishing manufacturing facilities in emerging countries to cater to the rising demand.
Market drivers
Rising health consciousness- There is a growing consumer preference for healthy lifestyles through diet control and disease prevention in Germany which is driving the demand for nutritional supplements. According to industry experts, over 75% of German consumers are willing to pay more for natural health products.
Changing demographics- The proportion of elderly population aged over 65 years in Germany is growing rapidly which is increasing the risk of age related chronic diseases like heart problems, diabetes and osteoporosis. This is expected to boost the sales of supplements providing specific nutritional support.
Market restraints
Stringent regulations- The European Union has stringent regulations like Food Supplements Directive for product quality, safety and labelling of nutritional supplements which increases the compliance costs for market players. This can impact the affordability of products in this industry.
Consumer skepticism- Some consumers are still skeptical about the health benefits of supplements due to inconsistent scientific studies and risk of side effects with overconsumption. This acts as a challenge for wider acceptance of nutritional supplements.
Segment Analysis
The Germany Nutritional Supplements Market Growth is dominated by dietary supplements segment primarily due to increasing health awareness among individuals in Germany. Dietary supplements in Germany contain essential vitamins and minerals which help maintain overall wellbeing as well as prevent diseases. The sports supplements sub segment is also growing in the market owing to rising participation of population in fitness activities as well as competitive sports. Sports supplements contain ingredients such protein, creatine and carbohydrates which help build muscle and improve endurance.
Global Analysis
From a regional perspective, Southern Germany holds the largest share in the Germany nutritional supplements market currently. The states of Bavaria and Baden-Württemberg have witnessed high demand for nutritional supplements driven by high spending capacity of residents and presence of leading supplement manufacturers in the region. However, Eastern Germany region is expected to witness fastest growth during the forecast period supported by rising awareness about preventive healthcare and growing e-commerce industry enabling easy accessibility of supplements. Italy and France are the major importers of Germany nutritional supplements due to well-established trade relations and proximity of countries facilitating cross border sales.
For more insights, read-https://www.newsstatix.com/germany-nutritional-supplements-market-trends-size-and-share-analysis/
Check more trending articles related to this topic:https://techaxen.com/glycerol-the-versatile-elixir-fueling-industries-and-nurturing-skincare-unveiling-the-liquid-golds-hidden-potentials/
Comments
0 comment