Portugal Nutritional Supplements Market Report 2022 to 2030

Portugal Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Portugal Nutrition and Supplements market will reach a value of $xx Bn from $1.14 Bn in 2022, growing at a CAGR of xx% during 2022-30. The nutrition and supplements market in Portugal is primarily dominated by local players such as Gold Nutrition, Pharma Nord, and Biocol Labs. The market for nutrition and supplements in Portugal is primarily driven by an inclination towards better health infrastructure, government regulations, and increasing consumer awareness of health and lifestyle. The Portugal nutrition and supplements market in Portugal is segmented by Type, Product, application, and Distribution Channel.

ID: IN10PTON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Portugal AUTHOR: Dr. Vishwa Modhia

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Portugal Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Portugal Nutrition and Supplements market will reach a value of $xx Bn from $1.14 Bn in 2022, growing at a CAGR of xx% during 2022-30.

Portugal is a nation on the Iberian Peninsula in southwest Europe. 23 % of Portuguese people reported using dietary supplements, with multivitamins being the most popular supplement, according to a 2019 poll by the Portuguese Association of Dietary Supplements. In Portugal, the prevalence of nutritional supplement use among gym goers, athletes, and marines has increased significantly.

For some vitamins and minerals in dietary supplements, Portugal has established upper limits. For instance, 800 micrograms of vitamin A is the maximum allowed daily dose for a dietary supplement. Supplements can only be purchased from licenced merchants like pharmacies and health food stores. The government of Portugal spent 9.6 % of its GDP on health in 2019.

Portugal Nutrition and Supplements Market Analysis

Market Dynamics

Market Growth Drivers Analysis

Demand for dietary foods and supplements is rising in Portugal, especially for products that have specific health benefits, such as probiotics, prebiotics, and things that improve joint and immunological health. According to a PubMed article, the majority of athletes (66%) took NS, with a median consumption of 4 supplements per athlete.

Multivitamins and minerals were the most popular supplements (67%) followed by sports drinks (62%), and magnesium (53 %). With 38.4% of all supplement usage, omega-3 fatty acids were the most often used nutrient. A 2019 study in the journal Acta Médica Portuguesa found that vitamin D deficiency is common in Portugal, especially among the elderly and those with chronic illnesses. These elements could propel the nutrition and supplement sector in Portugal.

Market Restraints

Certain dietary supplements cannot or should not utilise certain substances. For instance, dietary supplements are not permitted to contain substances deemed to be medicines, such as certain hormones or medications. The Portuguese government inspects and tests supplements to make sure they adhere to high requirements for quality and safety. It is against the law to utilise certain claims, like "treats" or "cures" for a certain ailment. Many domestic and foreign firms are engaged in a vigorous battle for market dominance in Portugal. It could be difficult for new firms to enter the market or for established businesses to increase their customer base due to competition. These factors may deter new entrants into the Portugal nutrition and supplement market.

Competitive Landscape

Key Players

Biocol Labs (PRT)
Pharma Nord (PRT)
Fharmonat (PRT)
Gold Nutrition (PRT)
Bioforma (PRT)
GNC
GlaxoSmithKline

Healthcare Policies and Reimbursement Scenarios

The National Authority of Medicines and Health Products is in charge of regulating dietary supplements and nutrition in Portugal (Infarmed). Infarmed guarantees that food supplements sold in Portugal are secure, truthfully labelled, and do not contain 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.

A mixed public-private health insurance system exists in Portugal. The Portuguese NHS provides public insurance to the vast majority of the population. The National Health Service (Serviço Nacional de Sade, or SNS) in Portugal administers 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 medical foods that have been approved by the SNS are covered by the reimbursement programme, and the goods must be purchased.

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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The National Authority of Medicines and Health Products is in charge of regulating dietary supplements and nutrition in Portugal (Infarmed).

The National Health Service (Serviço Nacional de Sade, or SNS) in Portugal administers a reimbursement programme for some dietary supplements and medicinal foods.

The nutrition and supplements market in Portugal is primarily dominated by local players such as Gold Nutrition, Pharma Nord, and Biocol Labs.