Ireland Nutritional Supplements Market Report 2022 to 2030

Ireland Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Ireland 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 nutrition and supplements market in Ireland is primarily dominated by local players such as Ensure- Abbott Nutrition Ireland, Super Health Essentials, and MyCore Supplements. The market for nutrition and supplements in Ireland is primarily driven by an inclination towards better health infrastructure, government regulations and increasing consumer awareness of health and lifestyle. The Ireland nutrition and supplements market in Ireland is segmented by Type, Product, application, and Distribution Channel.

ID: IN10IEON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Ireland AUTHOR: Dr. Vishwa Modhia

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Ireland Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Ireland 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.

Northwest of the United Kingdom in Western Europe is the island country of Ireland. Ireland features a dual healthcare system with access to both public and private healthcare. One in twenty (5%) of individuals between the ages of 15 and 24 and one in five (18%) of those between the ages of 25 and 34 both take folic acid supplements.

The Sláintecare Healthy Communities Programme was introduced in 2021 by Sláintecare Healthy Ireland, a division of the Department of Health, in collaboration with the HSE, local governments, and community organisations. Its goal is to expand access to health and well-being services in 19 community areas across Ireland. One government agency, the Health Service Executive, oversees Ireland's public healthcare system (HSE). The health budget for Ireland is $22.45 Bn for 2022.

Market Dynamics

Market Growth Drivers Analysis

Strong smartphone usage (90%) and household internet connection (92%) are propelling Irish online retailing. With the increased use of smartphones by customers, mobile commerce is growing especially quickly. Everyone between the ages of 5 and 65 should take a daily dose of vitamin D during the winter, according to the Food Safety Authority of Ireland. The suggestion coincides with the publication of the FSAI's scientific report on vitamin D nutrition for Irish citizens aged 5 to 65. These elements could fuel the growth of Ireland's nutrition & supplement industry.

Market Restraints

One of the most important problems Ireland is currently dealing with is malnutrition. A decent bag of groceries typically costs between 15 and 36 % of a low-income worker's weekly wage, depending mostly on the size of the household. Ireland's population lives longer and in better health than most other European countries, yet behavioural risk factors like smoking and obesity continue to pose serious public health issues. These reasons can discourage new competitors from entering the Irish nutrition and supplement business.

Competitive Landscape

Key Players

MyCore Supplements (IRL)
Super Health Essentials (IRL)
Ensure- Abbott Nutrition Ireland (IRL)
Revive Active (IRL)
GNC
GlaxoSmithKline

Recent Notable Update

April 2020: IsoAge Technologies and Biosecur Labs are acquired by Kerry. IsoAge and Biosecur Lab Inc. have been purchased by Kerry, a producer of ingredients based in Ireland. According to a statement from the firm, these purchases would strengthen Kerry's position as a leader in the clean-label food industry and increase the company's capacity to fulfil the rising demand for clean-label goods.

Healthcare Policies and Reimbursement Scenarios

The Health Products Regulatory Authority in Ireland is the regulatory body in charge of overseeing medical devices, pharmaceuticals, biologicals, and dietary supplements (HPRA). The HPRA is a state agency with a comprehensive mandate that includes safeguarding and enhancing human and animal health through the regulation of medications, medical equipment, other health items, and cosmetics.

Ireland's National Health Fund (NFZ) may pay for some dietary supplements and nutrition under specific circumstances. If nutrition and supplements are prescribed by a doctor and used to treat a specific medical condition, the NFZ may pay for them. The medical condition must be acknowledged by the NFZ, and the use of vitamins and nutrition must be validated by research. Specialized formulas for newborns and young children, enteral nutrition for people with impaired digestion or absorption, and speciality supplements used to treat particular medical diseases are some of the nutrition and supplement kinds that are covered by the fund.

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

Nutritional Supplements Market Segmentation

The Nutritional Supplements Market is segmented as mentioned below:

By Product (Revenue, USD Billion):

Sports Nutrition
- Sports Food
- Sports Drinks
- Sports Supplements

Fat Burners
- Green Tea
- Fiber
- Protein
- Green Coffee
- Others (Turmeric, Ginseng, Cranberry, Garcinia Cambogia)?

Dietary Supplements
- Vitamins
- Minerals
- Enzymes
- Amino Acids
- Conjugated Linoleic Acids

Functional Foods
- Probiotics
- Omega-3
- Others

By Consumer Group (Revenue, USD Billion):

Infant
Children
Adults
Pregnant
Geriatric

By Formulation (Revenue, USD Billion):

Tablets
Capsules
Powder
Softgels
Liquid
Others

By Delivery Channel (Revenue, USD Billion):

Chemists/Pharmacists
Direct-to-Consumer Sales
E-commerce

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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The Health Products Regulatory Authority in Ireland is the regulatory body in charge of overseeing medical devices, pharmaceuticals, biologicals, and dietary supplements (HPRA).

The nutrition and supplements market in Ireland is primarily dominated by local players such as Ensure- Abbott Nutrition Ireland, Super Health Essentials, and MyCore Supplements.