Europe Nutrition and Supplements Market Size, Share, Growth, Trends and Statistics Report
by Susan Hill Business ConsultantThe Europe nutrition and supplements market is
expected to reach USD 52.9 billion by 2025, according to a new report by Grand
View Research, Inc., exhibiting a CAGR of 5.9% during the forecast period. It
is primarily driven by increasing awareness about healthy lifestyle, weight
management, sports nutrition, healthy eating, and wellbeing.
Growing
geriatric population and surging healthcare costs in the region are among the
key trends estimated to trigger market growth. Increasing health consciousness
among consumers and rising willingness to spend on nutrition and dietary
supplements are also projected to augur well for the growth of the
market. Moreover, upswing in the number of distribution channels for
nutraceuticals is poised to improve their accessibility, which will stimulate
the growth of the market.
Spiraling
demand for nutraceuticals from consumers and growing emphasis on food content
are also anticipated to escalate the growth of the market. In terms of age
group, the adult segment dominated the market in 2016 owing to presence of a
large target population in the region. However, the children segment is likely
to witness the fastest growth with a CAGR of 7.5% over the forecast period
owing to rising number of product launches for children & infants and
expanding base of children suffering from malnutrition. According to European
Commission, 51 million children under 5 years of age are affected by
malnutrition and it is one of the main causes of 45.0% of deaths in this age
group.
Additional
supplements are further segmented into dietary supplements & functional
foods. Dietary supplements are expected to register a higher CAGR during the
forecast period. These include vitamins, minerals, enzymes, amino acids, and
others. Enzyme-based dietary supplements are estimated to experience the
fastest growth with a CAGR of 10.0% over the forecast period.
Further Key
Findings from the Report Suggest:
- Italy was the
leading revenue contributor in the region in 2016 due to soaring adoption
of dietary supplements, rising awareness regarding their advantages, and
increasing efforts by pharmacists to promote healthy lifestyle
- The U.K. is the
fastest growing market with a CAGR of 7.1% between 2017 and 2025
- Sports
nutrition is the fastest growing segment during the forecast period, which is
anticipated to post a CAGR of 7.5%
- Some of the prominent
players operating in this market are Amway; Bayer AG; Sanofi; Abbott;
Nestle; Pfizer, Inc.; General Nutrition Centers, Inc.; and LivaNova PLC
Access full
research report on Europe nutrition and supplements market:
www.grandviewresearch.com/industry-analysis/europe-nutrition-supplements-market
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Created on Sep 20th 2019 02:03. Viewed 349 times.