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The corporations covered in the European nutritional supplement market are Suntory Holdings Ltd. , Danone S. A. , Herbalife Nutrition Ltd. , GlaxoSmithKline plc, Amway Corp,Pfizer Inc. , Nestlé S. A. , Glanbia Nutritionals, Archer Daniels Midland Company, Abbott Laboratories and profiled players.
Pune, India, Sept. 14, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights™, the length of the European nutritional supplement market is expected to reach $33. 8 billion through 2027, with a CAGR of 9. 3% during the forecast period. The immediate spread of the coronavirus in Europe has highlighted the importance of nutritional supplements in recent months. Dietary supplements consisting of vitamins, proteins, and other express micronutrients have been shown to be effective in strengthening the immune system’s reaction to COVID infection.
A study by researchers from the University Medical Center of the Netherlands, the University of Otago in New Zealand, the University of Southampton in the United Kingdom and Oregon State University in the United States found that nutrients C and D and DHA, an omega-3 fatty acids discovered in fish, they can particularly stimulate immune function. A strong immune formula is in the fight against COVID-19 infection and, as the pandemic continues to develop across Europe, the demand for nutritional supplements in the region is expected to increase.
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List of key players in the European Dietary Supplements market report:
Suntory Holdings Ltd. (Tokyo, Japan)
Danone SA (Paris, France)
Herbalife Nutrition Ltd. (California, USA)
GlaxoSmithKline plc (Brentford, United Kingdom)
Amway Corp (Michigan, USA)
Pfizer Inc. (New York, USA)
Nestlé SA (Vevey, Switzerland)
Glanbia Nutritionals (Chicago, USA)
Archer Daniels Midland Company (Chicago, USA)
Abbott Laboratories (Chicago, USA)
Scope and segmentation of the report:
Coverage of the report
details
Forecast period
2020-2027
Projected CAGR
9,3 %
Value projection 2027
$33. 80 billion
Base year
2019
Dietary Supplement Market Size in Europe in 2019
$14. 95 billion
Historical information
2016-2018
Number of pages
150
Segments covered
By type, by form, by country
Growth Drivers of the Dietary Supplements Market in Europe
Changing demographics in Europe to drive market growth
According to the report, the market price was USD 14. 95 billion in 2019. It also provides the following:
Microscopic research of other market segments;
Tangible insights into the drivers and trends shaping the market expansion trajectory;
Detailed of the demanding situations facing the market; and
Integral of the regional dynamics and the competitive environment of the market.
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Market Driver
Changing demographics in Europe to drive market growth
Europe, according to the UN Population Division, was the first region to enter the era of demographic transition, characterized by declining fertility and longevity. The UN states that in 2017, almost 20% of the European population was 60 years or older and by 2050 this figure is expected to rise to 35%. This presents attractive opportunities for players in the European nutritional supplement market, as other older people want to consume complementary foods for their fitness and energy.
For example, the U. S. National Institute on Aging recommends a calcium intake good enough for others over 50 for bone density, as bone loss can lead to fractures in older people. people increase their intake of vitamin B6, which is found in bananas, potatoes, fortified cereals and poultry breast, as it is necessary for the formation of red blood cells. Thus, the expansion of the nutritional supplement market in Europe is expected to drive as the continent’s geriatric population increases.
Regional perspectives
Improve the adoption rate of nutritional supplements to bring the regional market to life
The growing awareness of the multiple benefits of nutritional supplements is improving the adoption rate of these products in Europe. To a large extent, this is due to adjustments in the belief of food supplement products among consumers in countries such as Belgium, Austria, Denmark and Greece. Demand for specialized supplements is also expanding on the continent, and companies in the region are making extensive use of e-commerce platforms to expand their regional and overseas reach.
Among countries, Italy is expected to dominate the percentage of nutritional supplement market in Europe during the planned era due to the favorable policy framework for herbal nutritional supplements in the country. In 2019, the region’s market length was USD 2990 million. On the other hand, the UK is expected to record a remarkable CAGR of 9. 69% in the coming years.
competitive landscape
Research-based collaborations will be the main feature of the competition.
Major players in the European food supplement market are actively participating with various organizations, establishments and corporations in their study capabilities. This allows them to expand their offerings and products for fast consumers. In addition, corporations are leveraging virtual platforms to animate sales and distribution networks.
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Main table of contents:
INtroduction
Scope of research
Market segmentation
Research methodology
Definitions and assumptions
Summary
Market dynamics
Drivers, restrictions
Market opportunities
Emerging trends
Key ideas
Overview of main/related markets
nutraceutical market
Supply Chain Analysis
SWOT Industry Analysis
Analysis on technological advances Analysis
Recent Industry Developments: Policies, Partnerships, New Product Launches, and Mergers and Acquisitions
TOC Set. . . !
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Key developments:
February 2020: Nestlé Health Science signed a long-term agreement with VALBIOTIS, a French R company
November 2019: Royal DSM completed the acquisition of AVA, a US-based nutrition platform. In the U. S. , strengthening its portfolio of fitness and wellness products and services. AVA is an AI-based virtual fitness platform that provides adaptive nutritional recommendations and provides training to customers.
Read similar information:
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Herbal Protein Supplements Market Size Forecast by 2028; Changing consumer tastes and preferences in emerging economies to drive product sales, says Fortune Business Insights™
The herbal vitamin E market will be a success of USD 1,187. 59 million through 2026; Increasing Demand from the Geriatric Population to Facilitate Expansion, Fortune Business Insights™
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