Germany Nutritional Supplements Market is Estimated To Witness Moderate Growth
Germany Nutritional Supplements Market |
The
global Germany nutritional supplements Market is estimated to be valued at US$ 4.86 Bn 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:
Germany nutritional supplements include vitamins, minerals, protein, amino
acids, enzymes and more. These supplements help meet nutritional needs,
supports health and fitness. Supplements are increasingly being consumed
considering fast lifestyles that compromise on nutrition.
Market key trends:
One of the key trends in the Germany nutritional supplements market is rising
inclination towards plant-based supplements. Consumer awareness about benefits
of herbal and plant-based products is driving prominence of supplements derived
from natural sources like plants, mushrooms etc. Moreover, plant-based supplements
are considered safer with lesser side effects. Manufacturers are launching
varied plant-based supplements containing superfoods, greens, herbs to cater to
consumer demand. Another trend is new product innovations with customized
formulations for specific age groups like children, women, elderly for their
unique nutritional needs.
Segment Analysis
The Germany nutritional supplements market is segmented by ingredients into
vitamins, minerals, proteins, botanicals, and others. The vitamins segment dominated
the market with a share of over 30% in 2022 owing to increasing health
consciousness among German consumers and growing awareness regarding the
various benefits of vitamins. Vitamin supplements help fulfill the nutritional
needs of the body and are widely consumed as a preventive healthcare measure.
Key Takeaways
The Germany
Nutritional Supplements Market size was valued at US$ 4.86 Billion In 2022. The market is expected to grow at a CAGR of 3.3% during the forecast period
due to the increasing prevalence of lifestyle diseases, such as obesity,
diabetes, and cardiovascular conditions due to rising levels of stress and
sedentary lifestyle in Germany.
Regional analysis indicates that Southern Germany accounted for the largest
share in the country's nutritional supplements market in 2022. The presence of
major manufacturers and distributors in cities like Munich and high health
awareness among consumers have contributed to the leading position of Southern
Germany.
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. Leading players are focusing on new product launches,
partnerships, and acquisitions to expand their market share in the growing
German nutritional supplements industry.
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