Denmark Nutritional Supplements Market Size & Outlook
Denmark nutritional supplements market, 2018-2030 (US$M)
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Denmark nutritional supplements market highlights
- The Denmark nutritional supplements market generated a revenue of USD 1,939.0 million in 2023 and is expected to reach USD 2,902.3 million by 2030.
- The Denmark market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, functional foods and beverages was the largest revenue generating product in 2023.
- Sports Nutrition is the most lucrative product segment registering the fastest growth during the forecast period.
Nutritional supplements market data book summary
| Market revenue in 2023 | USD 1,939.0 million |
| Market revenue in 2030 | USD 2,902.3 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Nutrition, Fat Burners, Dietary Supplements, Functional Foods and Beverages |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Herbalife Ltd, Amway Malaysia Holdings, PepsiCo Inc, Clif Bar, Science in Sport, THG PLC Ordinary Share, Chesnara PLC |
Other key industry trends
- In terms of revenue, Denmark accounted for 0.5% of the global nutritional supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK nutritional supplements market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 21,970.9 million by 2030.
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Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Denmark nutritional 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 nutritional supplements market will help companies and investors design strategic landscapes.
Functional foods and beverages was the largest segment with a revenue share of 55.62% in 2023. Horizon Databook has segmented the Denmark nutritional supplements market based on sports nutrition, fat burners, dietary supplements, functional foods and beverages covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing percentage of geriatric population in the country has increased the demand for supplements. According to OECD data, the ratio of the population aged 65 or above to the population aged between 20 and 64 is expected to rise from 30% in 2012 to 43% in 2050.
Thus, the increasing geriatric population and rising demand for supplements among geriatric population further boost market growth. Moreover, increasing trend of people getting involved in various sports, fitness, and activities further fueled the demand for such supplements.
Increasing inclination of population toward aesthetics further propelled the skincare and wellness supplements. In addition, sedentary lifestyle and changes in eating habits, including rising alcohol consumption, have significantly contributed to the demand for nutritional supplements.
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Horizon Databook provides a detailed overview of country-level data and insights on the Denmark nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Denmark nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark nutritional supplements market size, by product, 2018-2030 (US$M)
Denmark Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
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