By 2030, it is anticipated that the France Nutrition and Supplements market will reach a value of $18.7 Bn from $10.49 Bn in 2022, growing at a CAGR of 7.5% during 2022-2030. The market is primarily dominated by local players such as Arkopharma, Juvamine, and Solgar. The market for nutrition and supplements in France is primarily driven by reimbursement scenarios, independent consumer choices, and strict government regulations. The France nutrition and supplements market in France is segmented by Type, Product, application, and Distribution Channel.
By 2030, it is anticipated that the France Nutrition and Supplements market will reach a value of $18.7 Bn from $10.49 Bn in 2022, growing at a CAGR of 7.5% during 2022-30.
In France, the nutrition and supplement sector reported total sales of more than $2.5 Bn in 2021. In that year, pharmacies produced 50% of the sales revenue and combined direct and distance sales produced 20%.
The popularity of healthy lifestyles among French consumers is evident in their demand for supplements. Dietary supplements are now impacted by natural and customization trends, just like the larger food industry. This opens the door for fresh small players to join this French market that is expanding. In 2020, France will have spent about $8.15 Bn on nutritional supplements.
Market Growth Drivers Analysis
The demand for nutrition and supplement products has arisen as a result of the gradual democratization of the consumption of food supplements and an active approach to one's own health. French consumers are increasingly purchasing supplements online as they look for convenience and the ability to compare products and prices.
Reducing drug reimbursements and the ensuing search for substitute products may deter new players from entering the market. The DGCCRF's creation of strict regulations may hinder the expansion of the nutrition and supplement market in France.
The French Agency for Food, Environmental, and Occupational Health and Safety (ANSES) is the principal regulatory body in charge of regulating the safety and labeling of nutritional supplements in France. The ANSES is in charge of monitoring the safety of dietary supplements and enforcing laws governing their labeling, marketing, and advertising. In order to harmonize rules and guarantee the safety of supplements across the EU, ANSES also collaborates with other regulatory bodies in the EU.
In France, reimbursement is typically available based on a healthcare professional's recommendation for specific medical conditions, such as anemia or certain vitamin deficiencies. The supplement must have a legitimate medical purpose and be approved for sale in France by the French Agency for Food, Environmental, and Occupational Health and Safety (ANSES) in order to qualify for reimbursement. A doctor or other qualified healthcare provider must also prescribe the supplement before it can be purchased from a pharmacist.
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)
126.96.36.199 Product Applications and Services
188.8.131.52 Recent Developments
184.108.40.206 Partnerships Ecosystem
220.127.116.11 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
6. Methodology and Scope
The Nutritional Supplements Market is segmented as mentioned below:
By Product (Revenue, USD Billion):
By Consumer Group (Revenue, USD Billion):
By Formulation (Revenue, USD Billion):
By Delivery Channel (Revenue, USD Billion):
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