Sweden Nutritional Supplements Market Report 2022 to 2030

Sweden Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Sweden Nutrition and Supplements market will reach a value of $xx Bn from $1.37 Bn in 2022, growing at a CAGR of xx% during 2022-2030. The market is primarily dominated by local players such as Hälsokost AB, Swedish Nutra, and New Nordic. The market for nutrition and supplements in Sweden is primarily driven by an inclination towards veganism, government regulations, and increasing consumer awareness of health and lifestyle. The Sweden nutrition and supplements market in Sweden is segmented by Type, Product, application, and Distribution Channel.

ID: IN10SEON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Sweden AUTHOR: Dr. Vishwa Modhia

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Sweden Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Sweden Nutrition and Supplements market will reach a value of $xx Bn from $1.37 Bn in 2022, growing at a CAGR of xx% during 2022-30.

Approximately 11% of Sweden's gross domestic product (GDP) is allocated to public healthcare spending, which represents a sizable portion of the country's budget. The Swedish healthcare system is regarded as one of the best in the world, with a focus on providing high-quality care to all citizens and a strong emphasis on preventative care. Sweden is renowned for producing high-quality, reliable products. Because of this, Swedish nutrition supplement manufacturers have a strong market position and are the top choice of the majority of Swedes.

A border inspection is required when bringing animal-derived foods into the EU from a non-EU nation. Products must come from a nation and establishment recognized by the EU. The producers place a strong emphasis on nutrition supplements made with as few chemicals as possible. One of the most crucial requirements for Swedish fitness enthusiasts is this.

Market Dynamics

Market Growth Drivers Analysis

Seven out of ten Swedes claimed to visit the gym or participate in a sport on a weekly basis. The first place you'll likely come across food supplements is at the gym, usually in the form of protein shakes. Most Swedes take vitamin D supplements as a result of the scant sunshine hours and weak sunbeams. This way, they still get the recommended daily dose. These factors have increased the consumption of nutrition supplements in Sweden and can attract new companies to enter the market.

A vegan or vegetarian diet is a significant aspect of the Swedish way of life. The number of vegans has declined over time. The rising use of nutritional supplements, which are accessible and more affordable, maybe the cause of the declining trend in veganism. This results in vegans having to look for alternatives to replace this lack of nutrients. Some vegans place a high value on nutrition supplements because they frequently contain substitutes. Having to measure and maintain the nutrients in someone’s body can be time-consuming and costly.

Market Restraints

Regarding the quality and safety of nutritional supplements, Sweden has high standards. Products must adhere to stringent regulations before they can be sold in Sweden, which is where the National Food Agency of Sweden is in charge of overseeing the safety of food and nutrition supplements.

Competitive Landscape

Key Players

Hälsokost AB (SWE)
Swedish Nutra (SWE)
New Nordic (SWE)
Apoteket (SWE)
Thompson and Capper – Vitamex branch (SWE)
Vitaelab (SWE)
GNC
GlaxoSmithKline
Nestlé

Healthcare Policies and Reimbursement Scenarios

The Swedish Food Agency's regulations on nutrition supplements, which implement Directive 2002/46/EC on nutrition supplements, and European food law both regulate nutrition supplements as nutrition kinds of stuff.

The public healthcare system in Sweden typically does not pay for nutrition supplements. This implies that patients who want to include supplements in their treatment will typically have to pay for them out of pocket.

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.