Belgium Nutritional Supplements Market Report 2022 to 2030

Belgium Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Belgium Nutrition and Supplements market will reach a value of $xx Bn from $xx Bn in 2022, growing at a CAGR of xx% during 2022-2030. The nutrition and supplements market in Belgium is primarily dominated by local players such as Vitals, Physalis, and Fytexia. The market for nutrition and supplements in Belgium is primarily driven by an inclination towards better health infrastructure, government regulations and increasing consumer awareness of health and lifestyle. The Belgium nutrition and supplements market in Belgium is segmented by Type, Product, application, and Distribution Channel.

ID: IN10BEON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Belgium AUTHOR: Dr. Vishwa Modhia

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Belgium Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Belgium Nutrition and Supplements market will reach a value of $xx Bn from $xx Bn in 2022, growing at a CAGR of xx% during 2022-2030.

The North Sea is bordered by the European nation of Belgium. France, Germany, Luxembourg, and the Netherlands are neighbouring nations. Belgium has a rich and diversified culinary tradition that has been inspired by nearby nations like France and the Netherlands. Pharmacies and health food stores dominate the nutrition and supplement sector in Belgium, leaving consumers with few options for internet or traditional retail purchases. Between 2008 and 2019, health spending per person grew gradually but remained higher than the EU average. In 2019, health spending made up 10.7% of GDP, up from 9.6% in 2008 and exceeding the average for the EU at the time (9.9 %).

Market Dynamics

Market Growth Drivers Analysis

In Belgium, there is an increasing demand for dietary foods and supplements, particularly those that provide particular health advantages, such as probiotics, prebiotics, and items that boost the immune system and joint health. The prevalence of overweight and obesity is increasing as a result of poor nutrition, which includes a low intake of fruits and vegetables and a high intake of sweetened beverages. These factors have the potential to drive the Belgium nutrition and supplement market.

Market Restraints

Although many Belgians also have VHI, the share of household health spending that is paid directly by households is still 18 %, which is higher than the EU as a whole (15 %). User fees for outpatient care (5%), inpatient care (5%), and medications account for the majority of this OOP cost (4 %). In Belgium, there is fierce competition between numerous national and international brands for market share. Due to the competition, it may be challenging for new businesses to enter the market or for established businesses to grow their clientele. These factors may deter new entrants into the Belgium nutrition and supplement market.

Competitive Landscape

Key Players

Fytexia (BEL)
Physalis (BEL)
Vitals (BEL)
Biotics Research (BEL)
Golden Naturals (BEL)
GNC
GlaxoSmithKline

Recent Notable Update

April 2022: Promag, a provider of food and feed safety certification services for the Benelux (Belgium, the Netherlands, and Luxembourg) region of the EU, was recently bought by FoodChain ID, a provider of technology-enabled food safety, quality, and sustainability solutions. The more than 35-year-old business is a complement to FoodChain ID's own operations in Benelux, France, and Germany and is particularly engaged in the nutrition and farming sectors in Belgium and France.

Healthcare Policies and Reimbursement Scenarios

In Belgium, the Federal Agency for the Safety of the Food Chain is in charge of regulating dietary supplements and nutrition (FASFC). The FASFC assures that food supplements sold in Belgium are secure, truthfully labelled, and do not include any harmful ingredients. The European Food Safety Authority controls the use of health claims on foods and supplements (EFSA). Any health claims made on a company's product must be supported by scientific data.

In Belgium, the National Institute for Health and Disability Insurance (INAMI/RIZIV) oversees a reimbursement programme for some dietary supplements and medicinal foods. People with specified medical illnesses who need extra nutrients or medicinal meals as part of their treatment plan may be eligible for financial support under the reimbursement scheme. A medical practitioner or expert must make a diagnosis and prescribe the dietary supplement or medicinal food as part of the treatment plan in order to be eligible for payment. Specific nutritional supplements and medicinal foods that have been approved by INAMI/RIZIV are covered by the reimbursement programme, and you must buy the products from a pharmacy.

1. Executive Summary
1.1 Product Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Government Regulation in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel and Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation

6. Methodology and Scope

Nutritional Supplements Market Segmentation

The Nutritional Supplements Market is segmented as mentioned below:

By Product (Revenue, USD Billion):

Sports Nutrition
- Sports Food
- Sports Drinks
- Sports Supplements

Fat Burners
- Green Tea
- Fiber
- Protein
- Green Coffee
- Others (Turmeric, Ginseng, Cranberry, Garcinia Cambogia)?

Dietary Supplements
- Vitamins
- Minerals
- Enzymes
- Amino Acids
- Conjugated Linoleic Acids

Functional Foods
- Probiotics
- Omega-3
- Others

By Consumer Group (Revenue, USD Billion):

Infant
Children
Adults
Pregnant
Geriatric

By Formulation (Revenue, USD Billion):

Tablets
Capsules
Powder
Softgels
Liquid
Others

By Delivery Channel (Revenue, USD Billion):

Chemists/Pharmacists
Direct-to-Consumer Sales
E-commerce

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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In Belgium, the regulation of nutrition and supplements is overseen by the Federal Agency for the Safety of the Food Chain (FASFC).

In Belgium, there is a reimbursement scheme for some nutritional supplements and medical foods, which is managed by the National Institute for Health and Disability Insurance (INAMI/RIZIV).

The nutrition and supplements market in Belgium is primarily dominated by local players such as Vitals, Physalis, and Fytexia.