Europe Nutrition and Supplements Market To Reach $52.9 Billion By 2025: Grand View Research, Inc.
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.
Browse full
research report on Europe Nutrition
and Supplements Market: www.grandviewresearch.com/industry-analysis/europe-nutrition-supplements-market
Further key
findings from the study 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
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the Europe nutrition and supplements
market on the basis of formulation, function, age group, and country:
Europe
Nutrition and Supplements Formulation Outlook (Revenue, USD Million, 2014 -
2025)
- Tablets
- Capsules
- Liquid
- Powder
- Soft
Gels
- Others
Europe
Nutrition and Supplements Function Outlook (Revenue, USD Million, 2014 - 2025)
- Medical
Food
- Sports
Nutrition
- Additional
Supplements
- Dietary
Supplements
- Vitamins
- Minerals
- Enzymes
- Amino
acids
- Others
- Functional
Foods
Europe
Nutrition and Supplements Age Group Outlook (Revenue, USD Million, 2014 - 2025)
- Infants
- Children
- Adults
- Pregnant
- Geriatric
Europe
Nutrition and Supplements Regional Outlook (Revenue, USD Million, 2014 - 2025)
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/europe-nutrition-supplements-market-analysis
About Grand
View Research:
Grand
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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