Germany Vitamin Supplements Market Size & Outlook
Germany vitamin supplements market, 2017-2030 (US$M)
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Germany vitamin supplements market highlights
- The Germany vitamin supplements market generated a revenue of USD 2,141.5 million in 2022 and is expected to reach USD 3,300.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.6% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Vitamin D is the most lucrative type segment registering the fastest growth during the forecast period.
Vitamin supplements market data book summary
| Market revenue in 2022 | USD 2,141.5 million |
| Market revenue in 2030 | USD 3,300.7 million |
| Growth rate | 5.6% (CAGR from 2022 to 2030) |
| Largest segment | Multivitamin |
| Fastest growing segment | Vitamin D |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K |
| Key market players worldwide | Glanbia PLC, Pfizer Inc, Bayer AG, Amway Malaysia Holdings, GlaxoSmithKline, Nestle SA, NOW Foods, Abbott Laboratories, Herbalife Ltd, Natures Sunshine Products Inc, Nu Skin Enterprises Inc Class A, Pharmavite, Good Health, RBK Nutraceuticals |
Other key industry trends
- In terms of revenue, Germany accounted for 4.4% of the global vitamin supplements market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany vitamin 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 1,537.7 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany vitamin 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 vitamin supplements market will help companies and investors design strategic landscapes.
Multivitamin was the largest segment with a revenue share of 40.2% in 2022. Horizon Databook has segmented the Germany vitamin supplements market based on multivitamin, vitamin a, vitamin b, vitamin c, vitamin d, vitamin e, vitamin k covering the revenue growth of each sub-segment from 2017 to 2030.
Germany has a large population base that is quickly realizing the benefits of digestive foods and ingredients in their regular diets as food becomes the primary medium to obtain necessary vitamins, minerals, and other essentials.
A significant portion of the country's food & beverage industry is also highly developed, with multinational companies introducing new products & technologies to meet the growing national demand.
Reasons to subscribe to Germany vitamin supplements market databook:
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Target buyers of Germany vitamin supplements market databook
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Our clientele includes a mix of vitamin 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 Germany vitamin supplements market , including forecasts for subscribers. This country databook contains high-level insights into Germany vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany vitamin supplements market size, by type, 2017-2030 (US$M)
Germany Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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