Europe Dietary Supplements Market (2021-2027) | industry, Size, Growth, Share, Forecast, Revenue, Analysis, Outlook & COVID-19 IMPACT

Europe Dietary Supplements Market report comprehensively covers the market by type, function type, form type, end-users, and countries. The report provides an unbiased and detailed analysis of the Europe dietary supplements market trends, opportunities, high-growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Development of the Europe Dietary Supplements Market

In the Europe dietary supplements market, consumers are increasingly looking for dietary supplements made from natural and organic ingredients, which are perceived as healthier and safer. Additionally, the pandemic has accelerated the shift to online shopping, and the dietary supplements market is no exception. E-commerce platforms are becoming an increasingly important distribution channel for supplement manufacturers. Further, the European Union has implemented new regulations governing the production and sale of dietary supplements, which aim to ensure their safety and quality. These regulations are expected to boost consumer confidence in the supplements market. Moreover, plant-based supplements, such as those made from algae, mushrooms, and botanicals, are becoming increasingly popular among consumers who are seeking natural and sustainable alternatives to traditional supplements. Additionally, the European Union has implemented stricter regulations on dietary supplements, which has led to a consolidation of the Europe dietary supplements industry. As the smaller companies are struggling to comply with the new rules. This trend is expected to continue, with larger companies dominating the market.

There has been a growing demand for dietary supplements in Europe, driven by a growing health and wellness trend among consumers. Many people are looking for supplements to support their overall health, as well as specific health concerns such as immune support, digestive health, and joint health. Additionally, E-commerce has become an increasingly important channel for dietary supplement sales in Europe, particularly during the COVID-19 pandemic when many people were shopping online rather than in person. This trend is expected to continue even after the pandemic subsides. Moreover, there is a growing interest in personalized nutrition in Europe, which involves tailoring dietary supplements to an individual's unique needs based on factors such as genetics, lifestyle, and health history. This trend is expected to drive innovation in the dietary supplement industry as companies look to develop new products that can meet these individual needs.

Europe Dietary Supplements Market Synopsis

Europe Dietary Supplements Market grew at a considerable rate during the period 2017-2020 as a result of rising awareness of health and wellness. The involvement of consumers in the European region in sports activities and the reduction of the negative impact of stress on sleep along with the inclination toward natural supplements are the other major factors contributing to the growth of the dietary supplements market in Europe. The growing belief in the beneficial properties of nutraceutical products and the development of stringent regulations by the DGCCRF (Directorate-General for Consumption, Competition, and Repression of Fraud) would further accelerate the adoption of dietary supplements among elderly, pregnant women, and children segments.

The outbreak of the coronavirus pandemic has hampered the growth of almost every industry. However, the pandemic COVID-19 accelerated the growth of the market during the year 2020 owing to the news spread by the media stating vitamins could help against the virus. Increasing penetration towards enhancing immunity has also flourished the demand for dietary supplements in Europe. The supplements have proven effective in boosting immunity which is further expected to boost the future of the supplement industry.

According to 6Wresearch, the Europe Dietary Supplements Market size is projected to grow at a CAGR of 4.5% during 2021-2027. Increasing concerns about health, and greater awareness of the needs related to the prevention of obesity and gastrointestinal problems would further drive the dietary supplements market revenues over the coming years. The market is dominated by vitamins and minerals dietary supplements owing to the high reliability of the medical prescriptions for dietary supplements along with the demand for natural supplements. Further, medical supplements are estimated to grow at a swift pace during the forecast period. The high growth among the adult segment of the market is attributed to a high level of income and raising awareness of a better immune system. In addition, the infant segment of the dietary supplements market is also exhibiting significant growth mainly driven by the increasing consciousness of parents regarding the health of their offspring. The obese population in the region is accelerating the Europe Supplements Market Share.

Market Analysis by Function Type

Based on function types, medical supplements and additional supplements acquired the maximum revenue share with a cumulative market share of approximately 60% in the overall market revenues in 2020. Owing to the COVID-19 outbreak led to an increase in the usage of medical supplements on the recommendation of doctors pertaining to their benefits such as high immunity and improved memory. Furthermore, medical supplements, as well as additional supplements, would show significant growth over the coming years on the back of the health benefits associated with adding the above-mentioned supplements to the daily routine. Medical supplements and additional supplements also help to maintain fitness, thus leading to higher demand for these supplements from fitness enthusiasts. However, sports supplements would also augment in some regions of Europe on account of the rising participation of youth in sports activities across the region.

Market Analysis by Form Type

Based on the form type, tablets and capsules hold a cumulative market share of around 50% of the total revenues in the year 2020 on account of being easy to use and equally effective as any other form. In forthcoming years, the above-mentioned types which include tablets and capsules would show slow and steady growth.

Market Analysis by Country

On the basis of country, Italy holds the largest share in the overall Europe Dietary  Supplements market owing to the growing ageing population in the country.

Key Highlights of the Report:

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2017 to 2020.
• Base Year: 2020
• Forecast Data until 2027.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.