Germany Nutritional Supplements Market Size & Outlook
Germany nutritional supplements market, 2018-2030 (US$M)
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Germany nutritional supplements market highlights
- The Germany nutritional supplements market generated a revenue of USD 9,946.0 million in 2023 and is expected to reach USD 16,347.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.4% 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 9,946.0 million |
| Market revenue in 2030 | USD 16,347.9 million |
| Growth rate | 7.4% (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, Germany accounted for 2.5% 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 |
|---|
Germany 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 55.69% in 2023. Horizon Databook has segmented the Germany 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.
8.3.3.3 COMPETITIVE SCENARIO Increasing R&D expenditure on food technology projects and acquisitions & expansions by manufacturers of nutritional & dietary supplements are expected to be among key factors for Germany’s market share in the European market.
Key market players have undertaken strategic initiatives to expand their businesses in the country in the past few years. For instance, in March 2018, Fonterra Ventures collaborated with Goodminton AG—an active nutrition startup in Germany—to enter the rapidly expanding active nutrition market segment. Goodminton AG specializes in sports and lifestyle nutrition brands, mainly operating through one of its subsidiaries, foodspring.
Similarly, in September 2022, Cosmos Health, Inc. announced the launch of its proprietary line of nutraceuticals, “Sky Premium Life,” in Austria and Germany via eBay and Amazon.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Germany nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany nutritional supplements market size, by product, 2018-2030 (US$M)
Germany Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
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