by The Germany Nutritional Supplements Market is estimated to be valued at US$ 4.86 Billion in 2022 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Nutritional supplements in Germany include vitamins, minerals, herbs, botanicals and other dietary ingredients formulated to supplement the diet. They are consumed to fulfill specific nutritional needs, support health and wellbeing.
Market Dynamics:
Two key drivers of the Germany nutritional supplements market are increasing health consciousness among Germans and rapid growth of the aging population. Rising health awareness has pushed demand for supplements that support immunity, heart health, bone health and weight management. Additionally, the elderly are more likely to consume supplements to meet specific nutrient needs and prevent nutritional deficiencies. It is estimated that over 20% of Germans regularly consume nutritional supplements.
Market Key Trends:
The Germany Nutritional Supplements Market has been witnessing increased demand for personalized supplements in recent years. Consumers are focusing more on their health and wellness, and prefer supplements tailored to their individual nutritional needs and lifestyles. Manufacturers are offering customized supplements in varied dosages, delivery forms such as gummies and beverages, and ingredients based on the consumer’s age, gender, fitness goals etc. This trend allows consumers to choose supplements targeted for their specific health conditions and needs.
SWOT Analysis
Strength: Germany has a large health-conscious population with high spending power on nutritional supplements.
Weakness: Strict regulations on new supplement products and health claims in Germany increases the approval time and costs.
Opportunity: Rising prevalence of chronic diseases and focus on preventive healthcare are driving demand for supplements promoting general wellness and immune health.
Threats: Intense competition among local and international brands may lead to pricing pressures.
Key Takeaways
The global Germany nutritional supplements market is expected to witness high growth, exhibiting CAGR of 3.3% over the forecast period, due to increasing focus on preventive healthcare and wellness trends.
Regional analysis
The Germany market accounts for a major share of the European nutritional supplements market due to the large and health-conscious population. Southern and Western Germany dominate the market with the highest per capita spending on nutritional products.
Key players
Key players operating in the Germany nutritional supplements market are Queisser Pharma GmbH & Company KG, Nutraceuticals Group, Dr.B.Scheffler Nachfolger GmbH & Co. KG , ZeinPharma Germany GmbH, Pamex Pharmaceuticals GmbH, Ayanda GmbH, Sabinsa Europe GmbH, Denk Pharma GmbH & Co. KG, and Pascoe Naturmedizin.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
