Germany nutraceuticals market is anticipated to grow at a CAGR of 7.4% over the forecast period (2020-2026). The key factors that drive the growth of the market include the high population base, the rising standard of living, and the growing adoption of dietary supplements. Moreover, the high presence of health clubs and memberships creates demand for dietary supplements and hence drives the market growth. For instance, according to the International Health, Racquet & Sports club Association (IHRSA), in 2019; Germany has generated $6.2 billion in revenue at a CAGR of 4.6% from 11.7 million health club membership.
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Moreover, sports nutrition specific product launches in the country are again expected to fuel market growth. For instance, in November 2018, BASF SE had launched PeptAIde in Germany. PeptAIde is a sports nutrition ingredient containing a unique set of plant-based peptides identified using artificial intelligence (AI), for regulating inflammation.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product Type and Distribution Channel
- Region Covered- Germany
- Competitive Landscape- Archer Daniels Midland Co., Cargill Inc., Nestle SA, Danone SA, Koninklijke DSM NV, The Hain Celestial Group, Inc., and Abbott Laboratories among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
German Nutraceuticals Market – Segmentation
By Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
By Distribution Channel
- Retail & Supermarkets
- Online Platform
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
