Europe Nutraceuticals Market

Europe Nutraceuticals Market Growth and Forecast (2020-2025):

The Europe Nutraceuticals Market size was estimated at USD xx billion in 2020, and it is projected to reach USD xx billion by 2025 at a notable CAGR over the conjecture period. The growing demand for dietary supplements for functional foods is expected to lead the Europe Nutraceuticals market, which is supported by the reduced use of genetically modified foods and crops.

Market Overview:

Nutraceuticals are nutritionally active or medical foods. This Nutraceuticals food is rich in probiotic and prebiotic ingredients and is consumed to maintain visceral health. Nutraceuticals have additional health benefits along with the basic nutritional value. It can be considered a non-specific biological therapy used to promote safety, control symptoms and avoid malignant processes. Nutraceuticals are referred to as prominent food products that offer additional nutritional value to the existing flavors. The integration of functional foods and personal care has helped the market with cosmetics due to its anti-aging properties.

Recent Developments in Europe Nutraceuticals Industry:

• Cargill Incorporated has launched Latitude, a plant-based omega-3 rich sustenance for feeding fish.
• In August 2018, ADM published that it was going to add Onavita algae DHA powder to its existing product line of Omega-3 product solutions.

Europe Nutraceuticals Market Growth:

Expensive medical treatments have paved the way for Nutraceuticals foods as an alternative, which is expected to drive demand in the regional market in the near future.

Drivers:

With the increased risk of chronic diseases such as diabetes, high blood pressure, obesity, and cholesterol, the demand for functional foods is expected to increase during the outlook period. Nutraceuticals provide medicinal and health benefits and improves the nutritional value of foods. As the number of nutrition care service providers such as nutritionists and dietitians increases, awareness of Europe Nutraceuticals food products and dietary supplements increases. The high costs associated with health care treatments have increased consumer interest in dietary supplements in recent years. These factors are supposed to drive the growth of the Europe Nutraceuticals market over the calculated period. In Europe, Nutraceuticals are becoming important and are becoming part of the daily diet of consumers. The cause of these changes is the increased life expectancy of people with lifestyle-related illnesses, and people who have taken preventive health care measures have increased life expectancy and lifestyle-related illnesses life, making functional foods a staple food for consumers, especially in developed countries market as a European region. The functional drinks segment of the European Nutraceuticals food market is estimated to be the fastest-growing in the market. They improve health and performance by introducing naturally missing ingredients or by modifying existing ingredients.

The increasing number of consumers concerned about health and the demand for healthy products are revitalizing the European market for functional drinks. However, due to the strictly regulated market, the regulatory approval process for health problems is slow. As a result, there is a big problem for small innovative beverage companies. Due to lifestyle changes and rapid urbanization, consumer propensity for healthy food options has been created, positively affecting the growth of the functional food market. Vitamins are considered essential for the proper functioning of the human body and help heal wounds and prevent various diseases. Also, many vegetarians in Europe prefer quality plant protein sources to promote the growth of soy products. As the demand for 'clean label' food and health awareness increases, the Europe Nutraceuticals market continues to occupy the second-largest share. European consumers prefer a wide range of products such as energy drinks, water and juices. The introduction of advanced technologies such as microencapsulation opened the way for manufacturers to start new companies. Nutraceuticals promote bone strength, digestive system, cardiovascular system, immunity, and the dental health. The rich nutritional profiles and various benefits like antioxidants, anti-aging, muscle growth and other properties have greatly expanded the Europe Nutraceuticals market. Furthermore, the growing demand for nutritious and fortified foods has fueled the growth of the Europe Nutraceuticals market.

Restraints:

High R&D investment is expected to hamper growth in the European nutraceuticals market. The cost of producing raw materials for Nutraceuticals has increased significantly, limiting consumer access to such functions. Furthermore, wrapping pipes for the market of such products are usually time-consuming, which is one of the key factors in increasing production costs.

Impact of COVID-19 on the Europe Nutraceuticals Market

Demand for Nutraceuticals in the European region is expected to skyrocket as consumers choose immune-boosting supplements to combat the COVID-19 epidemic. The change in consumer demand for healthy foods is likely to fuel this business growth in the coming years.

Europe Nutraceuticals Market Segmentation Analysis:

By Application:                 

• Functional Foods   
• Functional Beverages       
• Dietary Supplements        
• Personal Care        
• Animal Nutrition

Regional Analysis:

The European Nutraceuticals food market is divided into Germany, France, Italy, the United Kingdom, Russia and other countries. Germany had most of the functional European food market, followed by France. Germany considers itself not only a consumer of nutraceuticals, but also a major producer. The nutraceutical market has been fueled by growing consumer interests as health problems increase. Additionally, manufacturers are investing huge amounts to develop a wide range of functional foods, functional beverages, dietary supplements, and pharmaceutical and personal care products. Germany's largest share of 14% is followed by the United Kingdom and France. Consumers in the UK value protein-rich products for their health-promoting properties, increasing the target consumer base of traditional gym participants and fitness fanatics for the general public. The most popular category for high protein fortification is breakfast cereal. Germany has around 88 million consumers, making it Europe's largest food and beverage retail market. German consumers tend to buy less but need high-quality products, including organic and wholesome food. The German nutraceuticals food market benefits from a strong economy and low unemployment.

Key Players in the Market:

Major Key Players in the Europe Nutraceuticals Market are

• ADM Company                
• Cargill Inc              
• Royak DSM N.V.              
• BASF SE                 
• Nestle S.A.            
• Groupe Danone S.A          
• E. I. du Pont de Nemours and Company          
• PepsiCo Inc           
• Aland (Jiangsu) Nutraceutical Co., Ltd            
• General Mills Inc