By 2030, it is anticipated that the Turkey nutrition and supplements market will reach a value of $6.08 Mn from $3.05 Mn in 2022, growing at a CAGR of 9% during 2022-2030. The nutritional supplements market in Turkey is primarily dominated by local players such as Form Labs, Hülya Şahin, and Solgar. The market for nutrition and supplements in Turkey is primarily driven by an inclination towards better health infrastructure, government regulations and increasing consumer awareness of health and lifestyle. The Turkey nutrition and supplements market in Turkey is segmented by Type, Product, application, and Distribution Channel.
By 2030, it is anticipated that the Turkey nutrition and supplements market will reach a value of $6.08 Mn from $3.05 Mn in 2022, growing at a CAGR of 9% during 2020-30.
Turkey is a transcontinental upper middle-income emerging country bordering the Black Sea in Southeastern Europe and Southwest Asia. According to a 2019 survey, 35.4 % of Turkish adults used dietary supplements, with women reporting somewhat higher rates of supplement use than males.
Multivitamins were the most often utilised supplements in Turkey (51.7 %), followed by vitamin D (24.1 %), calcium (14.7 %), and omega-3 fatty acids (9.5 %). The Turkish government spends 4.6 % of its GDP on healthcare.
Market Growth Drivers Analysis
The most often stated motivations for supplement use were to improve overall health and well-being (48.9 %) and to prevent disease (43.7 %). Other motivations included addressing specific health concerns (38.2 %), enhancing athletic performance (10.5 %), and assisting with weight loss (5.5 %). Turkey has a robust and adaptable manufacturing sector. It also has had a significant economic recovery following the COVID-19 pandemic catastrophe, which increases the country's customer base. These aspects could boost Turkey's nutrition and supplement market.
Market Restraints
Turkey is heavily dependent on external financing. Turkey's increased regional and geopolitical tensions make it difficult for businesses to thrive. These factors may deter new entrants into the Turkey nutrition and supplement market.
Key Players
Nutritional supplements are classified as food supplements in Turkey and are regulated by the Turkish Ministry of Agriculture and Forestry. TITCK, Turkey's Medicines and Medical Devices Agency, also monitors and inspects the supplemental food business. The Ministry guarantees that nutritional supplements sold in Turkey are safe, correctly labelled, and do not make deceptive promises. The Turkish Ministry of Health regulates the use of health claims on nutritional supplement products. Companies are required to produce scientific proof to back up any health claims made about their products.
In Turkey, there is no special payment structure for nutritional supplements and medical foods. Certain supplements or medical foods prescribed by a doctor or certified dietician for the treatment of a specific medical condition may, however, be covered by some health insurance companies. Furthermore, several social assistance programmes in Turkey, such as the Social Security Institution (SGK), provide financial aid to people with specific medical conditions to help cover the cost of prescriptions, including certain 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
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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Nutritional supplements are classified as food supplements in Turkey and are regulated by the Turkish Ministry of Agriculture and Forestry.
several social assistance programmes in Turkey, such as the Social Security Institution (SGK), provide financial aid to people with specific medical conditions to help cover the cost of prescriptions, including certain nutritional supplements.
The nutritional supplements market in Turkey is primarily dominated by local players such as Form Labs, Hülya Şahin, and Solgar.