Europe Dietary Supplement Market to Grow with a CAGR of 6.59% through 2029

Increase in the awareness about fitness among youngsters is expected to drive the Europe Dietary Supplement market in the forecast period 2025-2029

According to TechSci Research report, “Europe Dietary Supplement Market – By Country, Competition Forecast & Opportunities, 2029F”, the Europe Dietary Supplement Market stood at USD 35.18 billion in 2023 and is anticipated to grow with a CAGR of 6.59% in the forecast period through 2029. 

The Europe dietary supplements market has witnessed a remarkable surge in recent years, driven largely by the escalating focus on research and development (R&D) activities within the industry. This surge is underpinned by several key factors that collectively contribute to the expansion and evolution of the market. One of the primary drivers of this phenomenon is the increasing recognition of the pivotal role that dietary supplements play in supporting and enhancing overall health and wellness. As scientific understanding of nutrition and its impact on health continues to advance, there has been a corresponding surge in demand for innovative and scientifically-backed dietary supplements. This demand has spurred companies within the industry to invest significantly in R&D endeavors to develop cutting-edge products that meet these evolving consumer expectations.

The burgeoning emphasis on personalized nutrition and tailored healthcare solutions has further propelled R&D initiatives in the dietary supplements sector. Consumers are increasingly seeking products that are tailored to their specific needs, taking into account factors such as age, gender, lifestyle, and existing health conditions. This shift towards personalized nutrition has spurred manufacturers to invest in research endeavors aimed at creating supplements that cater to these individualized requirements. Another significant driver of the surge in R&D activities is the heightened awareness of the potential benefits of dietary supplements, not only in preventing nutrient deficiencies but also in addressing specific health concerns and optimizing overall well-being. Clinical studies and scientific research have increasingly demonstrated the positive impact of certain supplements on various health outcomes, from bolstering immune function to supporting cognitive health. These findings have not only bolstered consumer confidence in the efficacy of dietary supplements but have also motivated companies to invest in R&D to develop products backed by robust scientific evidence.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Europe Dietary Supplement Market”

The Europe Dietary Supplement Market is segmented into product type, form, application, distribution channel, country distribution and company.

Based on application, In 2023, the energy and weight management application segment took center stage in the market. This prominence can be attributed to a confluence of factors driving consumer preferences. With an increasing emphasis on leading active and healthy lifestyles, individuals are seeking supplements that cater specifically to their energy needs and weight management goals. Additionally, heightened awareness about the importance of maintaining a healthy body weight and managing energy levels has spurred the demand for supplements tailored to address these concerns. The availability of a diverse range of products within this segment, including formulations designed for energy enhancement and weight control, further bolstered its dominance in the market. As a result, the energy and weight management application segment emerged as a pivotal player in shaping the dietary supplement landscape in Europe in 2023.

Major companies operating in Europe Dietary Supplement Market are:

• Amway Corporation
• Glanbia PLC
• GlaxoSmithKline PLC
• Abbott Nutrition
• Reckitt Benckiser Group PLC
• Gnc Holdings Inc.
• Bayer AG
• Procter & Gamble Company
• Nature's Bounty Inc.
• Perrigo Plc 

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“The European dietary supplement market is experiencing robust growth driven by a combination of consumer awareness, and demographic shifts. The industry is also witnessing a rising demand for personalized nutrition, wherein products are customized to individual needs and preferences. The future holds promising prospects, particularly for nutraceutical products and personalized nutrition solutions. As the industry continues to evolve, players in this market should adapt to changing consumer demands and leverage innovation to remain competitive”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Europe Dietary Supplement Market By Product Type (Vitamin, Combination Dietary Supplement, Herbal Supplement, Fish Oil & Omega Fatty Acid, Protein and Other), By Form (Tablets, Capsules, Liquid, Powder, and Soft Gels), By Application (Energy& Weight Management, General Health, Bone & Joint Health, Immunity and Others), By Distribution Channel (Pharmacies and Drug Stores, Online, and Hypermarkets and Supermarkets), By Country, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of Europe Dietary Supplement Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe Dietary Supplement Market.

 

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