Press release
Germany Nutraceuticals Market Size, Share, Growth, Research and Forecast 2020-2026
German 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.A full report of Germany Nutraceuticals Market is available at: https://www.omrglobal.com/industry-reports/germany-nutraceuticals-market
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?
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German Nutraceuticals Market – Segmentation
By Product Type
• Functional Food
• Functional Beverage
• Dietary Supplements
By Distribution Channel
• Retail & Supermarkets
• Online Platform
Company Profiles
• Abbott Laboratories Inc. (Abbott Nutrition)
• Amway Corp.
• BASF SE
• Bayer AG
• Cargill, Inc.
• Danone SA
• Evonik Industries AG
• General Mills Inc.
• Nestle SA
• PepsiCo Inc.
• Royal DSM NV
• SternLife GmbH & Co. KG
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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