The 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.
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and Supplements Market Report
Europe Nutrition and Supplements
Market Report Highlights
- 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
About Us:
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View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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