Germany Nutritional Supplements Market Is Estimated To High Growth
The Germany nutritional supplements market is estimated to be valued at US$ 4.86 Billion in 2022 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Nutritional supplements in Germany include vitamins, minerals, botanicals, and other ingredients promoted to enhance health and provide support for specific health conditions. They are commonly consumed as pills, capsules, soft gels, and powders and are intended to supplement the diet. They help provide additional nutrients or to support overall well-being and health goals like immunity, bone health, heart health etc.
Market Dynamics:
Germany has been witnessing rising health and wellness trends over the years with an increasing focus on healthy eating and preventive healthcare. This is encouraging consumers to opt for nutritional supplements to fulfill their daily recommended nutrient intake. Moreover, with growing worries over the COVID-19 pandemic, demand for supplements that support immunity and overall health has shot up significantly. The market players are leveraging these trends by introducing innovative products focused on weight management, digestive health, energy and endurance. They are also investing in new formulations to better cater to evolving consumer preferences. In addition, widespread easy access through e-commerce platforms and health stores have boosted the market growth over the forecast period.
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