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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The global nutritional supplements market size is expected to reach USD 424.4 billion by 2025, expanding at a CAGR of 6.4% from 2019 to 2025, according to a new report by Radiant Insights, Inc.
In addition, rise in disposable income and increase in the number of distribution channels for these dietary products, coupled with improved accessibility, propel market growth.
Rise in geriatric population and increasing prevalence of lifestyle diseases, including obesity and diabetes, further boost demand for nutritional supplements among consumers who are inclined towards a healthy lifestyle.
According to the International Diabetes Federation (IDF), more than 12.5 million cases of diabetes were reported in Brazil in 2017.
Further key findings from the study suggest: • By product, functional foods accounted for the largest revenue share in 2018 owing to presence of a large number of commercialized products in the market.
Sports nutrition is expected to expand at the fastest CAGR of 9.1% over the forecast period • Based on the consumer group, in 2018, children accounted for the largest share in terms of revenue • By formulation, powder is one of the fastest growing segments owing to ease in consumption of nutritional supplements in the powered form among all the age groups.
