By 2030, it is anticipated that the Bulgaria Nutrition and Supplements market will reach a value of $xx Bn from $xx Bn in 2022, growing at a CAGR of xx% during 2022-2030. The nutritional supplements market in Bulgaria is primarily dominated by local players such as Nutrilab, Aminostar, and Vitaminka. The market for nutrition and supplements in Bulgaria is primarily driven by an inclination towards better health infrastructure, government regulations and increasing consumer awareness of health and lifestyle. The Bulgaria nutrition and supplements market in Bulgaria is segmented by Type, Product, application, and Distribution Channel.
By 2030, it is anticipated that the Bulgaria Nutrition and Supplements market will reach a value of $xx Bn from $xx Bn in 2022, growing at a CAGR of xx% during 2022-30.
Bulgaria is a Southern European nation with an upper-middle-class demography that is located on the eastern Balkan Peninsula. An investigation carried out in 2019 revealed that 27.8% of Bulgarians used dietary supplements.
With 89 % of supplement users reporting taking a vitamin or mineral supplement, vitamins and minerals were the most popular supplements. Omega-3 fatty acids (13.6%), probiotics (6.4%), and herbal and plant extracts (23.3%) were other supplements that were often utilised (11.9 %). The Bulgarian government will devote 8.5% of its GDP to health in 2020.
Market Growth Drivers Analysis
Supplement use was more prevalent among older adults—those aged 50 to 59 reported the greatest prevalence of supplement use—than it was among younger adults—women (31.5 %) and men (23.8 %) (39.1 %). According to a study that was written up in the journal Nutrients in 2020, iron insufficiency is very common in Bulgaria, especially among women who are fertile. For businesses in Bulgaria, low production costs and strong pricing competition are additional benefits. These aspects could boost Bulgaria's nutrition and supplement market.
Market Restraints
Population decline and relative poverty (GDP per capita in 2021 is 24% below the average for the European Union, making it the lowest in the Union). The prognosis for Bulgaria's economy is clouded by a number of uncertainties. Energy and food costs rose significantly across Europe in 2022 as a result of the conflict in Ukraine and the sanctions that followed between the EU and Russia, which had an indirect impact on the prices of other items. These factors may deter new entrants into the Bulgaria nutrition and supplement market.
Key Players
The Bulgarian Food Safety Agency is in charge of regulating dietary supplements and nutrition in that country (BFSA). The BFSA controls the safety, labelling, and truthfulness of food supplements sold in the Bulgarian market. The European Food Safety Authority (EFSA) controls the use of health claims on foods and supplements. Any health claims stated on a product's label must be supported by scientific data, according to the manufacturers.
The National Health Service (Serviço Nacional de Sade, or SNS) in Portugal administers a reimbursement programme for some dietary supplements and medicinal foods. People with specified medical illnesses who need extra nutrients or medicinal meals as part of their treatment plan may be eligible for financial support under the reimbursement scheme. A medical professional or specialist must establish a diagnosis and prescribe the dietary supplement or medicinal food as part of the treatment plan in order to be eligible for reimbursement.
1. Executive Summary
1.1 Product Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Government Regulation in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel and Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
6. Methodology and Scope
The Nutritional Supplements Market is segmented as mentioned below:
By Product (Revenue, USD Billion):
By Consumer Group (Revenue, USD Billion):
By Formulation (Revenue, USD Billion):
By Delivery Channel (Revenue, USD Billion):
Methodology for Database Creation
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How Do We Get It?
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1. Secondary Research
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2. Primary Research
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Combining Secondary and Primary Research
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The Bulgarian Food Safety Agency is in charge of regulating dietary supplements and nutrition in that country (BFSA).
The National Health Service (Serviço Nacional de Sade, or SNS) in Portugal administers a reimbursement programme for some dietary supplements and medicinal foods
The nutritional supplements market in Bulgaria is primarily dominated by local players such as Nutrilab, Aminostar, and Vitaminka.