The European nutraceuticals market is projected to grow at a CAGR of 6.8% during the forecast period. Nutraceuticals are gaining significant importance in the day to day life of the European consumers. The major factor for the increasing consumption of the European population is the increased prevalence of lifestyle-related diseases across the region. Owing to this, nutraceuticals have become a necessity for consumers.
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The European nutraceuticals market is segmented on the basis of product type and distribution channels. Based on the product type, the market is segmented into functional food, functional beverage, and dietary supplements. The functional food segment is projected to hold a significant share in the market owing to the availability and increased awareness about a wide range of functional food in the market.
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Based on the distribution channel, the market is segmented into retail & supermarkets and online platform. The online distribution channel tends to exhibit significant growth during the forecast period. Further, the report covers the country-level analysis of the UK, Germany Italy, Spain, France, and the Rest of Europe. Germany is estimated to hold a significant share in the European nutraceuticals market. There is an increasing demand for functional food and beverages in Germany which drives the regional growth of the market.
Some of the prominent players operating in the European nutraceuticals market include Amway Corp., Danone SA, Nestle SA, Koninklijke DSM NV, Arkopharma Laboratories SA, Bioextra Co. Ltd., Nutraceuticals Group Europe Ltd., and others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the North American nutraceuticals market. For instance, in July 2020, Danone SA announced a series of investments to strengthen the local market capabilities, support, and commitment of its Specialized Nutrition business in China. These investments will enable the company to broaden its range of nutritional products and services.
Market Segmentation
European Nutraceuticals Market by Product Type
• Functional Food
• Functional Beverage
• Dietary Supplements
European Nutraceuticals Market by Distribution Channel
• Retail & Supermarket
• Online Platform
Regional Analysis
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Company Profiles
Arkopharma Laboratories SA
• Overview
• Arkopharma in Nutraceuticals Landscape
• Recent Developments
Amway Corp.
• Bioextra Co. Ltd.
• Danone SA
• Nestle SA
• Koninklijke DSM NV
• MedServa GmbH
• Nutraceuticals Group Europe Ltd.
• Neuraxpharm Group
• Pharma Nord
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