Spain Dietary Supplements Market Size & Outlook, 2023-2030
Spain dietary supplements market, 2018-2030 (US$M)
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Spain dietary supplements market highlights
- The Spain dietary supplements market generated a revenue of USD 2,299.3 million in 2023 and is expected to reach USD 3,880.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating ingredient in 2023.
- Protiens & Amino Acids is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Dietary supplements market data book summary
| Market revenue in 2023 | USD 2,299.3 million |
| Market revenue in 2030 | USD 3,880.3 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Protiens & Amino Acids |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Botanicals, Minerals, Protiens & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids |
| Key market players worldwide | Amway Malaysia Holdings, Abbott Laboratories, Bayer AG, Glanbia PLC, Pfizer Inc, Archer-Daniels Midland Co, Nu Skin Enterprises Inc Class A, GlaxoSmithKline, Herbalife Ltd, Natures Sunshine Products Inc, DuPont de Nemours Inc, Nestle SA, NOW Foods, RBK Nutraceuticals, Goodhealth |
Other key industry trends
- In terms of revenue, Spain accounted for 1.3% of the global dietary supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Italy dietary supplements market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 3,880.3 million by 2030.
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Dietary Supplements Market Scope
Dietary Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain dietary supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dietary supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 28.98% in 2023. Horizon Databook has segmented the Spain dietary supplements market based on vitamins, botanicals, minerals, protiens & amino acids, fibers & specialty carbohydrates, omega fatty acids covering the revenue growth of each sub-segment from 2018 to 2030.
The consumption trend pertaining to dietary supplements among Spaniards is not very different from that of consumers in other European countries. In this regard, the demand for digestive health supplements in Spain is driven by the increasing awareness among consumers regarding preventive healthcare.
Spanish consumers seek options offering health & wellness benefits in the products they consume. Innovation in dietary supplements, resulting in the addition of new flavors, is projected to boost market demand.
The presence of branded products and private-labeled products, coupled with growth in retail channels, is expected to fuel the demand for products such as proteins & amino acids and fibers & specialty carbohydrates supplements in the country.
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Target buyers of Spain dietary supplements market databook
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Our clientele includes a mix of dietary supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Spain dietary supplements market , including forecasts for subscribers. This country databook contains high-level insights into Spain dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain dietary supplements market size, by ingredient, 2018-2030 (US$M)
Spain Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
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