Spain Nutraceuticals Market Size & Outlook, 2024-2030
Spain nutraceuticals market, 2018-2030 (US$M)
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Spain nutraceuticals market highlights
- The Spain nutraceuticals market generated a revenue of USD 4,239.0 million in 2023 and is expected to reach USD 8,031.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, probiotics was the largest revenue generating ingredient in 2023.
- Probiotics is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Nutraceuticals market data book summary
| Market revenue in 2023 | USD 4,239.0 million |
| Market revenue in 2030 | USD 8,031.2 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Probiotics |
| Fastest growing segment | Probiotics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aloe vera, Amino acids, Botanical Ingredients, Cannabidiol, Carbohydrates, Carnitine, Food Color, Carotenoids, Spirulina, Collagen, Colostrum, Cultures and fermentation starters, Dairy ingredients, Emulsifiers, Enzymes, Essential oils, Fat replacers, Fats and oils, Fibres, Flavours, Fruit and vegetable products, Glucosamine / Chondroitin, Isoflavones, Juices and concentrates, Krill, Lipids / Fatty Acids, Marine ingredients, Minerals, Omega-3s, Prebiotics, Probiotics, Proteins, Sweeteners, Vitamins, Whey proteins |
| Key market players worldwide | DSM, Alticor Corporate Enterprises, Pfizer Inc, Nestle SA, The Kraft Heinz Co, The Hain Celestial Group Inc, Nature's Brands, General Mills Inc, Danone SA, Tyson Foods Inc Class A |
Other key industry trends
- In terms of revenue, Spain accounted for 1.3% of the global nutraceuticals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany nutraceuticals 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 8,031.2 million by 2030.
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Nutraceuticals Market Scope
Nutraceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain nutraceuticals 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 nutraceuticals market will help companies and investors design strategic landscapes.
Probiotics was the largest segment with a revenue share of 24.71% in 2024. Horizon Databook has segmented the Spain nutraceuticals market based on aloe vera, amino acids, botanical ingredients, cannabidiol, carbohydrates, carnitine, food color, carotenoids, spirulina, collagen, colostrum, cultures and fermentation starters, dairy ingredients, emulsifiers, enzymes, essential oils, fat replacers, fats and oils, fibres, flavours, fruit and vegetable products, glucosamine / chondroitin, isoflavones, juices and concentrates, krill, lipids / fatty acids, marine ingredients, minerals, omega-3s, prebiotics, probiotics, proteins, sweeteners, vitamins, whey proteins covering the revenue growth of each sub-segment from 2018 to 2030.
The consumption trend pertaining to nutraceuticals 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 increasing awareness among consumers regarding preventive healthcare.
Spanish consumers are said to be on the lookout for options offering health & wellness benefits in the products they consume. Innovations in dietary supplements, resulting in the addition of new flavors, is projected to boost market demand.
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Our clientele includes a mix of nutraceuticals market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain nutraceuticals market , including forecasts for subscribers. This country databook contains high-level insights into Spain nutraceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain nutraceuticals market size, by ingredient, 2018-2030 (US$M)
Spain Nutraceuticals Market Outlook Share, 2024 & 2030 (US$M)
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