Europe Nutraceuticals Market Value and Expected Growth:
Europe Nutraceuticals Market is currently valued at 41.95 Billion USD in 2019. The market is expected to grow at a CAGR of 6.88% over the forecast period to reach a valuation of 58.5 Billion USD in 2024.
Nutraceuticals aid in altering and maintaining the physiological functions to obtain optimum medical and personal benefits. They comprise antioxidants, probiotics, and polyunsaturated fatty acids that restrict health problems like obesity, CVD, cancer, cholesterol, arthritis, and diabetes. Young people and affluent customers are becoming aware of these numerous benefits of nutraceuticals through the media, medical resources and the Internet. The word nutraceutical is derived from nutrient (nutritional food component) and pharmaceutical (medicinal drug), a broad term that describes the product obtained from food sources with added health benefits along with fundamental food values. Dietary supplements not only meet the daily nutrient requirements but also prevent disease and boost physical performance.
GEOGRAPHICAL ANALYSIS:
Germany, the Netherlands and Sweden have emerged as key centres of nutraceutical development in Europe, while the United Kingdom and Spain have emerged as key test markets for new products, with European customers seeking energy from products that promote healthy teeth, strong bones, avoid digestive health problems, boost the immune system and lower cholesterol.
MARKET DRIVERS AND RESTRAINTS:
Major factors which have helped drive the European Nutraceuticals Market forward are-
The factors holding the European Nutraceuticals Market back include-
High investment in R&D is expected to hinder the market growth.
Market growth is restricted by the lack of awareness in developing countries about these nutraceutical ingredients.
MARKET SEGMENTATION:
Europe Nutraceuticals Market by Type
Europe Nutraceuticals Market by Application
Europe Nutraceuticals Market by Region:
The group of probiotics dominated the market for nutraceutical ingredients in 2019. Health benefits associated with probiotic-based functional foods and the involvement of international bodies in R&D approvals were expected to drive demand for probiotics in the market for nutraceutical ingredients. Furthermore, the increased use of probiotics in feed to promote intestinal function and the overall immunity of livestock is projected to drive demand for probiotics in the coming years.
The personal care segment is expected to be the fastest-growing segment in the nutraceutical ingredients market during the forecast period. This is due to rising consumer habits, a growing inclination towards personal care, and an increase in per capita income, especially in developing countries. Protein, probiotics, prebiotics, vitamins and carbohydrates are the most commonly used nutraceutical ingredients in personal care products, such as hair conditioners, skin lotions, facial powders and lip care.
KEY MARKET PLAYERS:
The key players in the Europe Nutraceuticals Market are E. I. du Pont de Nemours and Company, General Mills Inc., Cargill, Royal DSM N.V., Groupe Danone S.A., Incorporated, BASF SE and Archer Daniels Midland Company, Evonik, Kyowa, Arla Foods.
RESEARCH METHODOLOGY:
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
Research Report Key Highlights:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Prebiotics
5.1.2 Probiotics
5.1.3 Proteins & Amino Acids
5.1.4 Fibers & Specialty Carbohydrates
5.1.5 Vitamins
5.1.6 Phytochemicals & Plant Extracts
5.1.7 Minerals
5.1.8 Carotenoids
8.1.9 Omega-3 Fatty Acids
8.1.10 Other Nutraceutical Type
5.2 By Application
5.2.1 Animal Nutrition
5.2.2 Functional Food
5.2.3 Dietary Supplements
5.2.4 Functional Food Beverages
5.2.5 Personal Care
6. Geographical Analysis
6.1 Introduction
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 E. I. du Pont de Nemours and Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 General Mills
8.3 Cargill
8.4 Royal DSM N.V.
8.5 Groupe Danone S.A.
8.6 BASF SE
8.7 Archer Daniels Midland Company
8.8 PepsiCo Inc.
8.9 Aland Nutraceutical Co. Ltd.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
