Russia Nutritional Supplements Market Analysis

Russia Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Russia Nutrition and Supplements market will reach a value of $xx Bn from $6.22 Bn in 2022, growing at a CAGR of xx% during 2022-30. The market is primarily dominated by local players such as DHA Group, Vina Pharma, and Greenlife Nutrition. The market for nutrition and supplements in Russia is primarily driven by an inclination towards offline purchases, government regulations, and increasing consumer awareness of health and lifestyle. The Russian nutrition and supplements market in Russia is segmented by Type, Product, application, and Distribution Channel.

ID: IN10RUON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Russia AUTHOR: Dr. Vishwa Modhia

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Russia Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Russia Nutrition and Supplements market will reach a value of $xx Bn from $6.22 Bn in 2022, growing at a CAGR of xx% during 2022-30.

Early in the 1990s, foreign manufacturers dominated the market for nutrition and supplements; however, at present, Russian businesses now account for 70% of the market. According to the current trend, 50% of people who buy supplements and nutrition products are between the ages of 20 and 44, while 50% of people who buy drugs are between the ages of 45 and 65.

In 2019, Russia's annual GDP for healthcare was 5.65%. A growing number of people are interested in the nutrition supplement industry. Prior to now, the Russian market primarily sold imported nutritional supplements, but local businesses are quickly filling this gap. When many foreign manufacturers left the Russian market, this process picked up speed. The Siberian Federal District of Russia had the highest per capita consumption of nutrition and supplement products, with 3.3 packages consumed on average during the first nine months of 2021. In Russia, 341 Mn bottles of nutrition supplements were bought and sold in total during that period.

Market Dynamics

Market Growth Drivers

Although websites had a sizable market share in Russia, most manufacturers now prefer to sell through pharmacies because customers trust them more than other channels of distribution. The market is expected to grow in two directions: regional sales will account for a larger portion of sales, and social and new-age consumer groups will become more involved. These factors can drive the market in a positive direction for new players.

Market Restraints

Strict rules must be followed, which may deter new competitors from entering the Russian market for nutrition supplements. For instance, pre-market approval is necessary before putting certain vitamins, mineral supplements, and herbal ingredients into products. The authorities keep a list of prohibited plants that cannot be used as food supplements, herbal ingredients, or supplements, and the herbal ingredients can also be categorized as supplements.

Competitive Landscape

Key Players

  • Evalar (RUS)
  • Ria-Panda (RUS)
  • Pharmstandard (RUS)
  • Biotics Research Corporation (RUS)
  • Natur Produkt (RUS)
  • Holford (RUS)
  • Nutrilite (RUS)
  • GNC
  • GlaxoSmithKline
  • Nestlé

Healthcare Policies and Reimbursement Scenarios

In Russia, the Federal Service for Surveillance in Healthcare (Roszdravnadzor) is in charge of regulating nutrition supplements. This organization is in charge of guaranteeing the effectiveness, safety, and quality of medical products, including nutrition supplements. A manufacturer must confirm that the product can be registered as a nutrition supplement, create and submit a registration dossier, examine the sample, arrange for the import of the product into Russia (if necessary), and communicate with Rospotrebnadzor and accredited expert laboratories in order to successfully launch a nutrition supplement on the Russian market.

A variety of medical services, including inpatient and outpatient care, prescription medications, and some preventive services, are covered by Russia's national healthcare system. Supplemental nutrition is not typically covered by national health insurance or reimbursement programs. Customers typically have to pay for these items out of pocket.

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 Overview Product Applications and Services Recent Developments Partnerships Ecosystem 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

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 26 June 2023

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