Switzerland Nutritional Supplements Market Report 2022 to 2030

Switzerland Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Switzerland 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 Switzerland is primarily dominated by local players such as Biomed, Dr. Dünner, and Nestle. The market for nutrition and supplements in Switzerland is primarily driven by an inclination towards better health infrastructure, government regulations, and increasing consumer awareness of health and lifestyle. The Switzerland nutrition and supplements market in Switzerland is segmented by Type, Product, application, and Distribution Channel.

ID: IN10CHON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Switzerland AUTHOR: Dr. Vishwa Modhia

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Switzerland Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Switzerland 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. Switzerland is a landlocked country in Central Europe. Austria, France, Italy, Liechtenstein, and Germany are among the neighboring nations.

The Swiss Nutrition and Health Foundation (SNHF), the new name for the Swiss Vitamin Institute, was established with a broader scope that included all nutrients, micronutrients, and natural bioactive. True to its roots, the SNHF is a non-profit, independent foundation focused on nutrition and public health.

According to a 2021 survey, 41% of Swiss consumers reported taking nutritional supplements regularly. The most popular types of supplements included vitamins, minerals, and probiotics. The main reasons Swiss consumers take nutritional supplements are to improve overall health and well-being (47%) and to prevent or alleviate specific health conditions (43%). According to the OECD, Swiss healthcare spending will reach 11.9 % in 2020, with per capita spending on healthcare higher than in any other European country.

Market Dynamics

Market Growth Drivers Analysis

Switzerland is and has always been a hotbed of innovative technology and entrepreneurialism. For the tenth consecutive year, the country ranks first in the world for breakthrough innovation, and it was named the third-best European startup location in 2020. According to the Swiss Federal Food Safety and Veterinary Office's (FSVO) guidance, vitamin D benefits bone and muscle health and can reduce the risk of falls and hip fractures by 30%. Companies offering nutraceutical and pharmaceutical products to the Swiss market have opportunities. These factors have the potential to drive the Swiss nutrition and supplement market.

Market Restraints

Switzerland has high standards for the quality and safety of nutritional supplements. Before products can be sold in Switzerland, the Federal Food Safety and Veterinary Office of Switzerland is in charge of overseeing the safety of food and nutritional supplements. These factors may deter new entrants into the Swiss nutrition and supplement market.

Competitive Landscape

Key Players

Nestle (CHE)
Dr. Dünner (CHE)
Biomed (CHE)
Burgerstein (CHE)
Swiss Herbal Remedies (CHE)
Pure Encapsulations (CHE)
GNC
GlaxoSmithKline

Recent Notable Update

March 2022: The Swiss government recently recommended that anyone over the age of 65 take a daily vitamin D supplement containing 800 IU. According to the Swiss Federal Food Safety and Veterinary Office's (FSVO) guidance, vitamin D benefits bone and muscle health and can reduce the risk of falls and hip fractures by 30%. It also claims that vitamin D supplementation can help with dental health, immune function, brain health, and heart health.

Healthcare Policies and Reimbursement Scenarios

The Federal Food Safety and Veterinary Office regulates nutrition and supplements in Switzerland (FSVO). The FSVO is in charge of ensuring that food supplements are safe, labelled correctly, and do not make false claims. Only food supplements that have been approved by the FSVO can make health claims. These assertions must be backed up by scientific evidence.

There is no general reimbursement scheme in Switzerland for nutrition and dietary supplements. A doctor may prescribe a dietary supplement as part of a medical treatment plan in some cases. In this case, depending on the individual's insurance policy, the supplement may be covered by health insurance. Nutritional supplements may be required for certain medical conditions. Supplements may be covered by health insurance in these cases. Athletes participating in a national sports programme may be eligible for financial assistance from the Swiss Olympic Association to cover the cost of specific nutritional supplements.

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.