Europe Dietary Supplements Market Industry Key Features 2031

The Europe Dietary Supplements Market size is projected to reach US$ 19.84 billion in 2023 to US$ 31.09 billion by 2031; it is estimated to register a CAGR of 5.8% from 2023 to 2031.

https://www.businessmarketinsights.com/reports/europe-dietary-supplements-market

• Rising Demand for Organic and Vegan Dietary Supplements:
  • The growing number of organic and vegan consumers in Europe is driving significant demand for dietary supplements made with organic and herbal ingredients.
  • According to a survey by Berlin-based Veganz, the UK leads with the highest percentage of vegans at 3.2%, followed by:
    • Italy: 2.3%
    • Germany and Austria: 2.2%
    • Spain: 2.1%
    • France: 2.0%
  • The combined vegan population in these countries exceeds five million.
  • Organic dietary supplements contain:
    • Vitamins.
    • Minerals.
    • Herbs.
    • Amino acids.
    • Enzymes.
  • Benefits of organic supplements:
    • Promote overall health and wellness.
    • Enhance nutrient intake.
    • Improve health outcomes.
    • Environmentally friendly (free from harmful pesticides and chemicals).
    • Safe for long-term use with no synthetic additives.
  • This trend is a major driver of growth in the Europe Dietary Supplements Market.
• Germany’s Role in the Europe Dietary Supplements Market:
  • Germany holds a pivotal position in the Europe Dietary Supplements Market in 2023.
  • The market in Germany is expanding rapidly due to:
    • Increasing health concerns.
    • Rising fitness trends.
    • Shifting dietary habits, including the growing popularity of dietary supplements.
  • Reflects heightened health awareness and a desire for healthier, more active lifestyles.
  • According to the German Federal Institute for Risk Assessment (BfR), nearly one in three Germans uses dietary supplements (pills, powders, or capsules).
  • Personalized health solutions are particularly popular among millennials.
  • Adoption rates are rising as awareness of benefits grows.
  • Market players in the Europe Dietary Supplements Market are leveraging e-commerce platforms to expand their presence in Germany.
• EU Regulatory Framework and Its Impact on the Europe Dietary Supplements Market:
  • The EU has the world’s strictest regulations for food supplements, significantly influencing the Europe Dietary Supplements Market.
  • Dietary supplements are classified as foodstuffs under the EU General Food Law Regulation.
  • Manufacturers must comply with standards set by the European Food Safety Authority (EFSA).
  • Mandatory labeling requirements include:
    • Trade name.
    • Ingredient list.
    • Net quantity.
    • Expiration date.
    • Storage conditions.
    • EU-based business address.
    • Recommended daily dosage.
    • Amount of nutritional or physiological substances per dose.
  • Supplements must not replace a balanced diet.
  • These regulations ensure consumer safety but pose challenges for manufacturers in the Europe Dietary Supplements Market.
• Key Players in the Europe Dietary Supplements Market:
  • Major companies operating in the Europe Dietary Supplements Market include:
    • Glanbia Plc.
    • Herbalife Nutrition Ltd.
    • Amway Corp.
    • Bayer AG.
    • Arkopharma SAS.
    • Pfizer Inc.
    • Otsuka Holdings Co Ltd.
    • GSK Plc.
    • NOW Health Group Inc.
    • Nestle Health Science SA.
  • These players focus on delivering innovative and affordable products to meet growing consumer demand in the market.
• Research Methodology for the Market:
  • The size of the market was determined using primary and secondary research.
  • Secondary research:
    • Conducted using internal and external sources.
    • Gathered qualitative and quantitative data.
  • Primary research:
    • Interviews with industry experts, including:
      • VPs.
      • Business development managers.
      • Market intelligence managers.
      • National sales managers.
    • External consultants, such as:
      • Valuation experts.
      • Research analysts.
      • Key opinion leaders specializing in the Europe Dietary Supplements Market.
  • Insights were validated to ensure accuracy and depth of analysis, further enhancing the understanding of the Europe Dietary Supplements Market dynamics.

Get Sample PDF of this Report @

https://www.businessmarketinsights.com/sample/TIPRE00027457

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications