Spain Nutritional Supplements Market Report 2022 to 2030

Spain Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Spain Nutrition and Supplements market will reach a value of $13.13 Bn from $7.36 Bn in 2022, growing at a CAGR of 7.5% during 2022-2030. The market is primarily dominated by local players such as Bioderma, Herbes del Món, and Naturhouse. The market for nutrition and supplements in Spain is primarily driven by reimbursement scenarios, access to pharmacies, and traditional supplement businesses. The Spain nutrition and supplements market in Spain is segmented by Type, Product, application, and Distribution Channel.

ID: IN10ESON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Spain AUTHOR: Dr. Vishwa Modhia

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Spain Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Spain Nutrition and Supplements market will reach a value of $13.13 Bn from $7.36 Bn in 2022, growing at a CAGR of 7.5% during 2022-2030.

In Spain, popular supplement categories include those for weight loss, sports nutrition, herbal and botanical supplements, and vitamins and minerals. In Spain, the use of food supplements experienced a notable boom a little over 30 years ago with the entry into the country of products from other European countries. Due to the novelty of this, there were many disputes with the Spanish health authorities in the absence of regulatory legislation.

Food supplements “are trendy.” Despite being on the Spanish market for nearly 80 years under a different name and with less complex presentations, consumers are becoming more and more interested in goods that promote health and well-being.

spain nutrition and supplements market analysis

Market Dynamics

Market Growth Drivers Analysis

An increase in consumer demand and the opening of additional sales channels, such as the pharmacy, Para pharmacy, and online, encouraged not only the growth of traditional Spanish businesses but also the entry of foreign businesses, particularly European businesses, as well as the interest of businesses from other health-related industries, such as pharmaceutical and traditional food businesses. People's interest in nutrition and supplement products has also increased as a result of the rising number of overweight or obese people.

Market Restraints

Sales of food supplements have increased steadily over the past few years in Spain at an average rate of 6%. Although a 12% rate was attained in 2020, the exceptional circumstances of 2021 with the covid-19 pandemic prevent projecting this growth in the future.

Competitive Landscape

Key Players

Bioderma (ESP)
Herbes del Món (ESP)
Naturhouse (ESP)
Nutribén (ESP)
Ordesa (ESP)
SuperSmart (ESP)
Pfizer
GlaxoSmithKline
Nestle
Bayer

Healthcare Policies and Reimbursement Scenarios

Dietary supplements are regulated as food products in Spain and are subject to both Spanish food law and the Food Supplements Directive of the European Union (EU). The Spanish Agency for Consumer Affairs, Food Safety and Nutrition (AECOSAN) is in charge of upholding dietary supplement laws in Spain and making sure that products adhere to safety and labeling standards. Regulation of non-compliance may lead to penalties and product recalls.

The public healthcare system in Spain does not typically pay for dietary supplements. These products must be purchased out of pocket by consumers. But some private health insurance plans might pay for specific supplements for particular illnesses, like vitamin D for osteoporosis.

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.