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Europe Dietary Supplements Market Worth $33.80 Billion by 2027; Prominent Companies Such as Archer Daniels and Nestle to Focus on Widening Their Business Horizons: Fortune Business Insights™

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Pune, India, Feb. 23, 2021 (GLOBE NEWSWIRE) — The Europe dietary supplements market size is projected to reach $33.80 Billion by 2027, exhibiting a CAGR of 9.3% during the forecast period. The rapid spread of the coronavirus across Europe has brought to the fore the importance of dietary supplements in the recent months, states Fortune Business Insights™ in its report, titled “Europe Dietary Supplements Market Size, Share & COVID-19 Impact Analysis, By Type (Vitamins, Minerals, Enzymes, Fatty Acids, Proteins, and Others), Form (Tablets, Capsules, Powder, and Liquid), and Regional Forecasts, 2020 – 2027”. Dietary supplements consisting of specific vitamins, proteins, and other micronutrients have been proven to be effective in strengthening the immune system’s response to the COVID infection. A study conducted by researchers from the University Medical Center in the Netherlands, the University of Otago in New Zealand, the University of Southampton in the UK, and the Oregon State University in the US found that vitamins C & D, and DHA, an Omega-3 fatty acid found in fish, can significantly boost immune function.
A strong immune system is critical in fighting the COVID-19 infection and as the pandemic continues its rampage across Europe, the demand for dietary supplements is set to spike in the region.As per the report, the market value stood at $14.95 billion in 2019. It also provides the following:Microscopic analysis of the various market segments;Tangible insights into the drivers and trends shaping the market’s growth trajectory;A detailed evaluation of the challenges facing the market; andAn exhaustive study of the regional dynamics and competitive milieu of the market.
List of Key Players Covered in the Europe Dietary Supplements Market Report:Suntory Holdings Ltd. (Tokyo, Japan)Danone S.A. (Paris, France)Herbalife Nutrition Ltd. (California, United States)GlaxoSmithKline plc (Brentford, United Kingdom)Amway Corp (Michigan, United States)Pfizer Inc. (New York, United States)Nestle S.A. (Vevey, Switzerland)Glanbia Nutritionals (Chicago, United States)Archer Daniels Midland Company (Chicago, United States)Abbott Laboratories (Chicago, United States)
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Key Market Driver
Changing Demographics in Europe to Feed Market GrowthEurope, according to the UN’s Population Division, was the first region to enter the period of demographic transition, characterized by lower fertility and improved longevity. The UN states that in 2017, nearly 20% of Europe’s population was aged 60 and above and by 2050, this is expected to reach 35%. This presents attractive opportunities for players in the dietary supplements market of Europe as older people need to consume supplementary food items to maintain their health and energy. For example, the National Institute of Aging in the US recommends sufficient intake of calcium for people over the age of 50 for maintaining bone density as bone loss can lead to fractures in older persons. Similarly, physicians commonly recommend old people to increase their intake of vitamin B6, which is present in bananas, potatoes, fortified cereals, and chicken breast, as it is necessary to form red blood cells. Thus, the European dietary supplements market growth is anticipated to gain impetus as the continent’s geriatric population rises.
Regional InsightsImproving Adoption Rate of Food Supplements to Surge the Regional MarketRising awareness about the multiple benefits of dietary supplements is improving the adoption rate of these products across Europe. To a large extent, this is attributable to the changing perception of food supplement products among consumers in countries such as Belgium, Austria, Denmark, and Greece. The demand for specialized supplements is also growing in the continent, and companies in the region are extensively utilizing e-commerce platforms to broaden their reach regionally as well as internationally.Among countries, Italy is expected to dominate the Europe dietary supplements market share during the forecast period on account of supportive policy framework for herbal food supplements in the country. In 2019, the region’s market size was at USD 2.99 billion. On the other hand, the UK is anticipated to display a remarkable CAGR of 9.69% in the forthcoming years.
Competitive LandscapeResearch-based Collaborations to Emerge as Hallmark Feature of CompetitionLeading players in the Europe dietary supplements market are actively collaborating with diverse organizations, institutions, and companies to enhance their research capacities. This is allowing them to widen their offerings and develop products for specific consumers. Additionally, companies are leveraging digital platforms to boost sales and strengthen distribution networks.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/industry-reports/europe-dietary-supplements-market-101918
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsDrivers, RestraintsMarket OpportunitiesEmerging TrendsKey InsightsOverview of the Parent/ Related MarketsNutraceuticals MarketSupply Chain AnalysisIndustry SWOT AnalysisAnalysis on Technological Advancements AnalysisRecent Industry Developments- Policies, Partnerships, New Product Launches, and Mergers & AcquisitionsEurope Dietary Supplements Market Analysis, Insights and Forecast, 2016–2027Key Findings / SummaryMarket Size Estimates and ForecastsBy Type (Value)VitaminsMineralsEnzymesFatty AcidsProteinsOthersBy Form (Value)Tablets and CapsulesLiquidsPowderBy CountryGermanyFranceItalySpainU.K.Rest of EuropeGermany Dietary Supplements Market Analysis, Insights and Forecast, 2016–2027Key Findings / SummaryMarket Size Estimates and ForecastsBy Form (Value)Tablets and CapsulesLiquidsPowderTOC Continued…!

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Key Industry Developments:February 2020: Nestle Health Science signed a long-term agreement with VALBIOTIS, a French health R&D company, to develop and commercialize TOTUM-63. Conceived to lower the risk of development of Type 2 Diabetes in pre-diabetic persons, the product features an innovative combination of five plant extracts.November 2019: Royal DSM completed its takeover of AVA, a US-based nutrition platform, strengthening its portfolio of health and wellness products and services. AVA is an AI-based digital health platform that provides adaptive nutrition recommendations and delivers live coaching to customers. Have a Look at Related Research Insights:Plant based Protein Supplements Market Size, Share & COVID-19 Impact Analysis, By Type (Soy Protein, Pea Protein & Wheat Protein), Distribution Channel (Mass Merchandisers, Pharmacies/Drugstores, Specialty Stores, Online Retail, and Others), and Regional Forecast, 2020-2027Natural Vitamin E Market Size, Share & Industry Analysis, By Type (Tocopherols, and Tocotrienols), Application (Dietary Supplements, Food and Beverages, Cosmetics, and Others), and Regional Forecasts 2019-2026Southeast Asia Dietary Supplements Market Size, Share & Industry Analysis, By Type (Vitamins, Minerals, Enzymes, Fatty Acids, Proteins, and Others), Form (Tablets and Capsules, Powder, and Liquid), and Regional Forecasts, 2019 – 2026EPA & DHA Market Size, Share & Industry Analysis, By Type (Eicosapentaenoic Acid (EPA), Docosahexaenoic Acid (DHA)), By Source (Algae, Fish, Krill, Others), By Application (Dietary Supplements, Functional Food & Beverages, Infant Formulae, Pharmaceuticals, Others) and Regional Forecast, 2021-2028
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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