The Ireland dietary supplements market is expected
to grow at steady rate during the forecast period on account of growing demand for functional food because it offers health
benefits, such as bone healing, cholesterol control, heart health, and other
vision benefits along with the growing demand for nutrition intake as a daily
routine for health benefits. The shift from pharmaceuticals towards
nutraceuticals due to the growing focus on preventive healthcare is expected to
rise the demand for the market.
Food
supplements are utilised as an additional health promotion measure, not only to
ensure adequate nutrition levels, but to enhance normal physiological function
by ensuring optimal nutrition levels. Good nutrition is fundamental for good
health and the relationship of diet and
lifestyle
factors for maintaining good health are now well established and recognized by
all the health authorities. Additionally, the growing demand for functional
foods and nutritional supplements such omega-3 fatty acids, fiber, and vitamins
and minerals, as well as the rising need for nutrients and fortified food
additives to enhance the nutritional value in the processed food is expected to
create a lucrative growth of Ireland dietary supplements market during the
forecast period. According to the articles published in Irish Health Trade Association, currently,
approximately 140 small and medium size Enterprises (SMEs) operate at both
wholesale/manufacture and retail levels in Ireland in the natural health sector.
This in
turn can bolster the growth of Ireland dietary supplements market in the
forecast period, 2024-2028.
Growing Demand for Personalized Medicine
Rising awareness about the concept of personalized
or tailor-made nutritional products and dietary supplements has ignited the
interest of consumers across the country and is further responsible for
boosting the growth of Ireland dietary supplements market. Moreover,
technological advancements and the growing investment in the research and
development of nutraceuticals and supplement products are expected to boost the
growth of Ireland dietary supplements market during the forecasted period.
However, people are taking health supplements for avoiding common ailments such
as the common cold or intestinal issues. As a result, the demand for dietary
supplements has increased for preventing diseases in during the forecasted
periods.
Additionally, the major key players are producing
supplement products for children, women, men, sportspersons, and athletes among
others, based on their nutritional requirements, which will further drive the
growth of the market. The growing number of sports complexes and gyms, the
surge in customer focus on a balanced diet along with a rapid increase in the
prevalence of obesity is also expected to contribute to the growth of Ireland dietary
supplements market. Furthermore, the growing usage of clean-labeled, safe, and
organic ingredients in the production of food nutritive additives is expected
to boost the demand for dietary supplements in the coming years.
Growing Consumption of Dietary Supplements
Growing awareness regarding health issues led to a
rapid increase in the usage of dietary supplements, which will further boost
the growth of Ireland dietary supplements market during the forecasted period.
Human health is affected by climate changes, hectic lifestyles, and changing
food habits, which will further increase demand for dietary supplements such as
vitamins, minerals as well as protein powder. People are becoming more health
conscious and prefer proper nutritional consumption with the help of nutritious
and supplement foods, which is expected to create significant growth in during
the forecasted period. According to the article published in ‘The Irish
Examiner’, that almost half of Irish adults (48%) are taking a food supplement
in which the majority (60%) used to take a supplement like Vitamin D.
Multivitamins and minerals are taken by around 41% and vitamin C is taken by
34% of population. Almost half of parents in the survey (47%) reported giving
supplements to their children as well. The busy schedule due to jobs and complexities
of everyday life routines also hampered the life quality of human being. People
are preferring sports supplements across the globe, which is expected to boost
the Ireland dietary supplement markets during the forecast period. The huge multinational industries are
focusing on promoting their products to develop within their countries and the
availability of different dietary supplements in their countries. For instance,
athletes and sportsperson’s inclination towards sports nutrition products and
vitamin nutritive for their endurance enhancement is expected to further boost
the market growth during the forecasted period.
Growing Aging Population
The aging population in Ireland has had a
significant impact on the growth of Ireland dietary supplements market. As
people age, their nutritional needs change, where they may require additional
vitamins, minerals, and other nutrients to maintain their health and prevent
disease. This has led to an increased demand for dietary supplements among
older adults in Ireland. According to the article published in ‘The Irish
Times’ estimated the number of those population aged 80 and over were increased
by 45 per cent over the next ten years from 130,598 (2.8 per cent of the
population) in 2011 to 189,051 (3.5 per cent of the population) in 2021. As
a result, the rise in aging population is directly proportional to highest
susceptibility to chronic diseases. Older people are frequent users of food
supplements and dietary supplements, when combined inappropriately leads to clinically
significant interactions. The population is aging considerably more quickly
than before, and this demographic is more likely to suffer from chronic
diseases, which will likely increase the demand for dietary supplements and
accelerate the growth of Ireland dietary supplements market.
Growing Consumption for Natural and Organic
Supplements
The growing use of plant-based diets is a new trend
in the industry of wellness food due to the rising count of health-conscious
people. In addition, increasing consumption of different healthy snacks that
include nutritional bars, hard-cooked eggs, and raw vegetables is also serving
as a noticeable trend for boosting the growth of Ireland dietary supplements
market.
As natural and organic products are thought to be
safer, more effective, and better for the environment, consumers are
increasingly looking for them, including supplements. One of the main reasons
for this growth is the perception that natural and organic supplements are
healthier than synthetic supplements. Consumers are concerned about the
potential side effects of synthetic supplements and are seeking safer, more
natural alternatives. For instance, according to the article published in
‘The Irish Times’, Consumers are more conscious of their eating habits and therefore
everyone is more conscious about the presence of dietary supplements in their
meal. The n number of health advantages, including higher immune function,
improved digestion, and increased energy levels, have been linked to the usage
of natural and organic substances in supplements. Additionally, the trend
towards natural and organic supplements has been driven by a growing awareness
of the impact of food production on the environment and is anticipated to the
growth of Ireland dietary supplements market. Many consumers are seeking
products that are sustainably produced with full nutritional value and have a
lower environmental impact. This has led to an increased demand for supplements
made from organic ingredients and produced using environmentally friendly
practices. This is turn leads to the growth of Ireland dietary supplements market.
Growing Demand for Preventive Healthcare
The growing demand for preventive healthcare in
Ireland is a major driving factor for the growth of Ireland dietary supplements
market. Preventive healthcare refers to the practice of taking proactive
measures to prevent illnesses and diseases, rather than just treating them
after they occur. This approach has become increasingly popular in Ireland. Many
people in Ireland are turning to dietary supplements to support their overall
health and well-being, and to prevent health problems before they occur. As a
result, the demand for dietary supplements has increased significantly in
recent years. Additionally, in response to this growing demand, the dietary
supplements market in Ireland has expanded to include a wide range of products,
including vitamins, minerals, herbal supplements, and sports nutrition
products. Consumers can choose from a variety of supplements to address their specific
health concerns. As more people seek to maintain good health and prevent
illness, the demand for dietary supplements is likely to continue to increase
in the forecast year and bolster the growth of Ireland dietary supplements
market.
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Recent Developments
In April 2021, Personal Nutrition, a prominent
vitamin program announced a launch of first daily gummy vitamin packs for the
whole family. These are designed to support various health goals, immune
health, skin health, and managing deficiencies.
Additionally, in 2021, Centrum Multigummies were launched, a new
addition to the Centrum line of multivitamins. These gummies are designed to
provide a convenient and tasty way for consumers to get their daily recommended
intake of vitamins and minerals.
Moreover, in 2020, NutraChamps Ashwagandha Capsules were launched which
is designed to support stress relief, anxiety, and mood. Made from high-quality
ashwagandha root extract, these capsules are vegan and non-GMO.
Market Segmentation
The Ireland dietary supplements market can be segmented
by product type, form, distribution channel, application, end user, and region.
Based on product type, the market can be segmented into
vitamin, combination dietary supplements, protein, herbal supplements, fish oil
& omega fatty acid, and others. Based on form, the market can be
segmented into capsules, tablets, powder, soft gels, and liquid. Based on distribution
channel, the market can be grouped into pharmacies and drug stores, online,
supermarkets and hypermarkets, and others. Based on application, the market can
be grouped into immunity, general health, energy & weight management, bone
& joint health, and others. Based on end user, the market can be grouped
into adults, geriatric, pregnant females, children, and infants.
Market Players
Amway Ireland Limited, Abbott Ireland Limited,
Nestle Ireland Ltd, Herbalife Nutrition Ireland, Archer-Daniels-Midland (ADM)
ARKADY IRELAND LIMITED, Glanbia Nutritionals Ireland Limited, Otsuka
Pharmaceutical Europe Ltd., Pfizer Ireland, Ireland GlaxoSmithKline, and Arkopharma
Ireland Limited are some of the leading players operating in the Ireland dietary
supplements market.
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Attribute
|
Details
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|
Base Year
|
2022
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|
Historic Data
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2018 – 2021
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|
Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
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|
Report Coverage
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Revenue forecast, company share, competitive
landscape, growth factors, and trends
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|
Segments Covered
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Product Type
Form
Distribution Channel
Application
End User
Region
|
|
Regional Scope
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Northern Ireland, North-West, West, Midland East,
Dublin, Shannon, South-East, Cork-Kerry
|
|
Key Companies Profiled
|
Amway Ireland Limited, Abbott Ireland Limited, Nestle Ireland Ltd,
Herbalife Nutrition Ireland, Archer-Daniels-Midland (ADM) ARKADY IRELAND
LIMITED, Glanbia Nutritionals Ireland Limited, Otsuka Pharmaceutical Europe
Ltd., Pfizer Ireland, Ireland GlaxoSmithKline, Arkopharma Ireland Limited
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|
Customization Scope
|
10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore
purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide
the editable version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, the Ireland dietary supplements
market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- Ireland Dietary Supplements Market,
By Product Type:
o
Vitamin
o
Combination
Dietary Supplements
o
Protein
o
Herbal
Supplements
o
Fish Oil
& Omega Fatty Acid
o
Others
- Ireland Dietary Supplements Market,
By Form:
o
Capsules
o
Tablets
o
Powder
o
Soft Gels
o
Liquid
- Ireland Dietary Supplements Market, By Distribution Channel:
o
Pharmacies
and Drug Stores
o
Online
o
Supermarkets
and Hypermarkets
o
Others
- Ireland Dietary Supplements Market, By Application:
o Immunity
o General Health
o Energy & Weight Management
o Bone & Joint Health
o Others
- Ireland Dietary Supplements Market, By End User:
o Adults
o Geriatric
o Pregnant Females
o Children
o Infants
- Ireland Dietary Supplements Market,
By Region:
o Ontario region
o
Quebec
region
o
Alberta
region
o
British
Columbia region
o
Saskatchewan
and Manitoba region
o
Rest of Ireland
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present Ireland dietary supplements market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Ireland dietary supplements market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]