Product Code: BMIRE00031845
The Europe nutraceuticals market was valued at US$ 118.98 billion in 2023 and is expected to reach US$ 215.43 billion by 2031; it is estimated to register a CAGR of 7.7% from 2023 to 2031.
Rising Penetration of E-Commerce Fuel Europe Nutraceuticals Market
The emergence of e-commerce has significantly transformed the way people shop and spend their money. A positive change in the organized retail sector, a rise in the reach of smartphones and the internet, upsurge in purchasing power, easy access to emerging technologies, and convenience provided by online retail shopping platforms from anywhere at any time are a few of the major factors bolstering the penetration of e-commerce worldwide. Consumers are becoming confident about purchasing various nutraceutical products online, moving from the traditional purchasing model to the home delivery service model. Moreover, online sales of nutraceuticals grew significantly during the COVID-19 pandemic due to the shutdown of physical stores and the government's imposition of social restrictions. As lockdowns constrained people's movement and compelled them to stay home, there was a substantial inclination toward online shopping.
With the increasing penetration of online shopping, manufacturers are selling products through direct-to-customer (D-to-C) channels by launching their online retail sites, thereby eliminating the need to invest in expensive marketing and distribution infrastructure. For instance, Herbalife International, Inc; Now Foods, Quest Nutrition has their own retail channels. Thus, the increasing dependency on e-commerce services and the adoption of the D-to-C strategy by manufacturers are expected to create lucrative opportunities for the nutraceuticals market growth in the coming years.
Europe Nutraceuticals Market Revenue and Forecast to 2031 (US$ Million)
Europe Nutraceuticals Market Segmentation
The Europe nutraceuticals market is categorized into type, distribution channel, and country.
Based on type, the Europe nutraceuticals market is segmented into gr functional foods, functional beverages, and dietary supplements. The functional foods segment held the largest market share in 2023. The dietary supplements segment is further sub segmented into general wellness, sports nutrition, weight management, immune health, and others.
In terms of distribution channel, the Europe nutraceuticals market is segmented into supermarkets and hypermarkets, specialty stores, online retail, convenience stores, and others. The supermarkets and hypermarkets segment held the largest market share in 2023.
By country, the Europe nutraceuticals market is segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. The Rest of Europe dominated the Europe nutraceuticals market share in 2023.
Glanbia Plc, NOW Health Group Inc, Amway Corp, Nature's Bounty, Garden of Life LLC, Danone SA, GNC Holdings LLC, Quest Nutrition LLC, Kellanova, and Chobani LLC are among the leading companies operating in the Europe nutraceuticals market.
Table Of Contents
1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:
4. Europe Nutraceuticals Market Landscape
- 4.1 Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Porter's Five Forces Analysis
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Bargaining Power of Buyers
- 4.2.4 Threat of New Entrants
- 4.2.5 Competitive Rivalry
- 4.2.6 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors or Suppliers
- 4.3.4 Retailers
- 4.4 List of Vendors in the Value Chain
5. Europe Nutraceuticals Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Consumer Focus on Preventive Health
- 5.1.2 Innovations and Strategic Developments by Market Players
- 5.2 Market Restraints
- 5.2.1 Complexity of Regulations
- 5.3 Market Opportunities
- 5.3.1 Rising Penetration of E-Commerce
- 5.4 Future Trends
- 5.4.1 Plant-Based and Organic Nutraceuticals
- 5.5 Impact of Drivers and Restraints:
6. Nutraceuticals Market - Europe Analysis
- 6.1 Europe Nutraceuticals Market Revenue (US$ Billion), 2021-2031
- 6.2 Europe Nutraceuticals Market Forecast Analysis
7. Europe Nutraceuticals Market Analysis - by Type
- 7.1 Functional Foods
- 7.1.1 Overview
- 7.1.2 Functional Foods: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 7.2 Functional Beverages
- 7.2.1 Overview
- 7.2.2 Functional Beverages: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 7.3 Dietary Supplements
- 7.3.1 Overview
- 7.3.2 Dietary Supplements: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 7.4 General Wellness
- 7.4.1 Overview
- 7.4.2 General Wellness: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 7.5 Sports Nutrition
- 7.5.1 Overview
- 7.5.2 Sports Nutrition: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 7.6 Weight Management
- 7.6.1 Overview
- 7.6.2 Weight Management: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 7.7 Immune Health
- 7.7.1 Overview
- 7.7.2 Immune Health: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
8. Europe Nutraceuticals Market Analysis - by Distribution Channel
- 8.1 Supermarkets and Hypermarkets
- 8.1.1 Overview
- 8.1.2 Supermarkets and Hypermarkets: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 8.2 Specialty Stores
- 8.2.1 Overview
- 8.2.2 Specialty Stores: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 8.3 Online Retail
- 8.3.1 Overview
- 8.3.2 Online Retail: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 8.4 Convenience Stores
- 8.4.1 Overview
- 8.4.2 Convenience Stores: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 8.5 Others
- 8.5.1 Overview
- 8.5.2 Others: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
9. Europe Nutraceuticals Market - Country Analysis
- 9.1 Europe
- 9.1.1 Europe Nutraceuticals Market Overview
- 9.1.2 Europe Nutraceuticals Market - Revenue and Forecast Analysis - by Country
- 9.1.2.1 Europe Nutraceuticals Market - Revenue and Forecast Analysis - by Country
- 9.1.2.2 Germany: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 9.1.2.2.1 Germany: Europe Nutraceuticals Market Share - by Type
- 9.1.2.2.2 Germany: Europe Nutraceuticals Market Share - by Distribution Channel
- 9.1.2.3 France: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 9.1.2.3.1 France: Europe Nutraceuticals Market Share - by Type
- 9.1.2.3.2 France: Europe Nutraceuticals Market Share - by Distribution Channel
- 9.1.2.4 Italy: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 9.1.2.4.1 Italy: Europe Nutraceuticals Market Share - by Type
- 9.1.2.4.2 Italy: Europe Nutraceuticals Market Share - by Distribution Channel
- 9.1.2.5 Spain: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 9.1.2.5.1 Spain: Europe Nutraceuticals Market Share - by Type
- 9.1.2.5.2 Spain: Europe Nutraceuticals Market Share - by Distribution Channel
- 9.1.2.6 United Kingdom: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 9.1.2.6.1 United Kingdom: Europe Nutraceuticals Market Share - by Type
- 9.1.2.6.2 United Kingdom: Europe Nutraceuticals Market Share - by Distribution Channel
- 9.1.2.7 Rest of Europe: Europe Nutraceuticals Market - Revenue and Forecast, 2021-2031 (US$ Billion)
- 9.1.2.7.1 Rest of Europe: Europe Nutraceuticals Market Share - by Type
- 9.1.2.7.2 Rest of Europe: Europe Nutraceuticals Market Share - by Distribution Channel
10. Competitive Landscape
- 10.1 Heat Map Analysis by Key Players
- 10.2 Company Positioning & Concentration
11. Industry Landscape
- 11.1 Overview
- 11.2 Agreements, Collaborations, And Joint Ventures
- 11.3 Product Launch
- 11.4 Expansions And Other Strategic Developments
12. Company Profiles
- 12.1 Glanbia Plc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 NOW Health Group Inc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Amway Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Nature's Bounty
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Garden of Life LLC
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Danone SA
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 GNC Holdings LLC
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Quest Nutrition LLC
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Kellanova
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Chobani LLC
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
13. Appendix
- 13.1 About The Insight Partners