By 2030, it is anticipated that the Switzerland 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 Switzerland is primarily dominated by local players such as Biomed, Dr. Dünner, and Nestle. The market for nutrition and supplements in Switzerland is primarily driven by an inclination towards better health infrastructure, government regulations, and increasing consumer awareness of health and lifestyle. The Switzerland nutrition and supplements market in Switzerland is segmented by Type, Product, application, and Distribution Channel.
By 2030, it is anticipated that the Switzerland Nutrition and Supplements market will reach a value of $xx Bn from $xx Bn in 2022, growing at a CAGR of xx% during 2022-30. Switzerland is a landlocked country in Central Europe. Austria, France, Italy, Liechtenstein, and Germany are among the neighboring nations.
The Swiss Nutrition and Health Foundation (SNHF), the new name for the Swiss Vitamin Institute, was established with a broader scope that included all nutrients, micronutrients, and natural bioactive. True to its roots, the SNHF is a non-profit, independent foundation focused on nutrition and public health.
According to a 2021 survey, 41% of Swiss consumers reported taking nutritional supplements regularly. The most popular types of supplements included vitamins, minerals, and probiotics. The main reasons Swiss consumers take nutritional supplements are to improve overall health and well-being (47%) and to prevent or alleviate specific health conditions (43%). According to the OECD, Swiss healthcare spending will reach 11.9 % in 2020, with per capita spending on healthcare higher than in any other European country.
Market Growth Drivers Analysis
Switzerland is and has always been a hotbed of innovative technology and entrepreneurialism. For the tenth consecutive year, the country ranks first in the world for breakthrough innovation, and it was named the third-best European startup location in 2020. According to the Swiss Federal Food Safety and Veterinary Office's (FSVO) guidance, vitamin D benefits bone and muscle health and can reduce the risk of falls and hip fractures by 30%. Companies offering nutraceutical and pharmaceutical products to the Swiss market have opportunities. These factors have the potential to drive the Swiss nutrition and supplement market.
Market Restraints
Switzerland has high standards for the quality and safety of nutritional supplements. Before products can be sold in Switzerland, the Federal Food Safety and Veterinary Office of Switzerland is in charge of overseeing the safety of food and nutritional supplements. These factors may deter new entrants into the Swiss nutrition and supplement market.
Key Players
March 2022: The Swiss government recently recommended that anyone over the age of 65 take a daily vitamin D supplement containing 800 IU. According to the Swiss Federal Food Safety and Veterinary Office's (FSVO) guidance, vitamin D benefits bone and muscle health and can reduce the risk of falls and hip fractures by 30%. It also claims that vitamin D supplementation can help with dental health, immune function, brain health, and heart health.
The Federal Food Safety and Veterinary Office regulates nutrition and supplements in Switzerland (FSVO). The FSVO is in charge of ensuring that food supplements are safe, labelled correctly, and do not make false claims. Only food supplements that have been approved by the FSVO can make health claims. These assertions must be backed up by scientific evidence.
There is no general reimbursement scheme in Switzerland for nutrition and dietary supplements. A doctor may prescribe a dietary supplement as part of a medical treatment plan in some cases. In this case, depending on the individual's insurance policy, the supplement may be covered by health insurance. Nutritional supplements may be required for certain medical conditions. Supplements may be covered by health insurance in these cases. Athletes participating in a national sports programme may be eligible for financial assistance from the Swiss Olympic Association to cover the cost of specific nutritional supplements.
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
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):
Methodology for Database Creation
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How Do We Get It?
Our database is created and maintained through a combination of secondary and primary research methodologies.
1. Secondary Research
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2. Primary Research
To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:
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:
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The Federal Food Safety and Veterinary Office regulates nutrition and supplements in Switzerland (FSVO).
There is no general reimbursement scheme in Switzerland for nutrition and dietary supplements. A doctor may prescribe a dietary supplement as part of a medical treatment plan in some cases. In this case, depending on the individual's insurance policy, the supplement may be covered by health insurance.
The nutrition and supplements market in Switzerland is primarily dominated by local players such as Biomed, Dr. Dünner, and Nestle.