Spain Vitamin Supplements Market Size & Outlook, 2022-2030
Spain vitamin supplements market, 2017-2030 (US$M)
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Spain vitamin supplements market highlights
- The Spain vitamin supplements market generated a revenue of USD 957.0 million in 2022 and is expected to reach USD 1,537.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 6.1% 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 957.0 million |
| Market revenue in 2030 | USD 1,537.7 million |
| Growth rate | 6.1% (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, Spain accounted for 2.0% 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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Spain 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 43.2% in 2022. Horizon Databook has segmented the Spain 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.
The consumption trend pertaining to vitamin supplements in Spain is not very different from that of consumers in other European countries. In this regard, the demand for vitamin supplements in Spain is driven by the 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. Innovation in vitamin supplements, resulting in the addition of new flavors, is projected to boost market demand.
Many Spaniards are adopting a holistic approach to their health. They seek products that offer a comprehensive solution to their wellness needs. Vitamin-infused coffee fits into this approach by addressing both the desire for a comforting beverage and the need for essential nutrients.
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Our clientele includes a mix of vitamin supplements market companies, investment firms, advisory firms & academic institutions.
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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 vitamin supplements market , including forecasts for subscribers. This country databook contains high-level insights into Spain vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Spain vitamin supplements market size, by type, 2017-2030 (US$M)
Spain Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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