By 2030, it is anticipated that the Germany Nutrition and Supplements market will reach a value of $23.46 Bn from $13.96 Bn in 2022, growing at a CAGR of 6.7% during 2022-2030. The market is primarily dominated by local players such as Rossmann, Müller, and Body & Fit. The market for nutrition and supplements in Germany is primarily driven by reimbursement scenarios, increasing customer awareness, and strict government regulations. The Germany nutrition and supplements market in Germany is segmented by Type, Product, application, and Distribution Channel.
By 2030, it is anticipated that the Germany Nutrition and Supplements market will reach a value of $23.46 Bn from $13.96 Bn in 2022, growing at a CAGR of 6.7% during 2022-30.
A third of Germans regularly consume nutritional supplements to enhance their health and well-being, making the country's food supplement market a billion-dollar industry. The rapidly expanding nutrition and supplement market is a reflection of the increasing health consciousness and desire among Germans to lead an active and healthy lifestyle.
Germany's health expenditures are rising steadily and will surpass $434.69 Bn in 2019. International businesses that operate in the market benefit from a variety of opportunities brought about by this trend. Pharmacies remain the main distribution channel for food supplements and enjoy a high level of trust among the German population.
Market Growth Drivers Analysis
The second-largest market, Germany, saw a rise in demand due to the increasing acceptance of vegetarianism and veganism by consumers. Consumers' increased focus on their health has increased awareness of the need for nutrition and health supplements as well as needs related to the prevention of obesity and digestive issues.
Demand for food supplements boosting the immune system peaked at the start of the Covid-19 pandemic. Pharmacy sales of pure vitamin C nearly doubled in the first quarter of 2020, while sales of immune stimulants, zinc preparations, and vitamin C combinations all saw increases of between 40 and 60 percent.
As insurance typically does not cover nutrition and supplement products, rising out-of-pocket costs may discourage new customers and businesses from entering the market.
The industry is regulated by the Federal Institute for Risk Assessment (BfR), which ensures that supplements are safe and accurately labeled. Food supplements are covered by the basic provisions of the German Food and Feed Code of Law (LFGB) as well as all other food law legislation of the European Union.
In Germany, nutritional supplements are generally not covered by statutory health insurance and are considered personal expenses. However, some complementary or alternative medicine treatments, such as herbal remedies or homeopathic remedies, may be reimbursed by some health insurance providers if prescribed by a licensed practitioner.
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)
18.104.22.168 Product Applications and Services
22.214.171.124 Recent Developments
126.96.36.199 Partnerships Ecosystem
188.8.131.52 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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