By 2030, it is anticipated that the UK Nutrition and Supplements market will reach a value of $16.42 Bn from $9.92 Bn in 2022, growing at a CAGR of 6.5% during 2022-2030. The market is primarily dominated by local players such as GNC, The Protein Works, Holland & Barrett, and Nestle Nutritionals. The market for nutrition and supplements in the UK is primarily driven by reimbursement scenarios, increasing customer awareness, and strict government regulations. The UK nutrition and supplements market in the UK is segmented by Type, Product, application, and Distribution Channel.
By 2030, it is anticipated that the UK Nutrition and Supplements market will reach a value of $16.42 Bn from $9.92 Bn in 2022, growing at a CAGR of 6.5% during 2022-2030.
In 2022, 38% of UK residents have taken vitamins, minerals, or supplements daily. Cod liver and fish oils remain the most popular supplements among the people of the UK, followed by multivitamins and Vitamin D. Due to the rising adult consumption of vitamin and sports nutrition products, it is one of the largest markets in the European nutritional supplement market.
The market for nutritional supplements is sizable and expanding in the UK, where consumers are looking to improve their diets and overall wellness. Vitamins, minerals, proteins, herbs, and other useful ingredients are included in the supplements sold in the UK. They can be purchased in supermarkets, online retailers, health food stores, and other places.
Market Growth Drivers Analysis
Increasing participation in sports and the resulting need to incorporate nutrition. Consumers in the UK seek out dietary supplements to support their hectic daily schedules, maximize productivity, and assist with stress reduction. The market will grow as people become more aware of the value of leading healthy lifestyles. Other significant drivers include an increase in the number of product launches and the resulting increase in awareness as a result of advertising.
Market Restraints
Consumer mistrust of the entire industry has grown as a result of some businesses' use of deceptive advertising and communication tactics to promote the supposed health benefits of taking supplements, which is creating difficulties for manufacturers.
Money worries are cited by 49% of UK adults as a barrier to maintaining a diet high in vitamins, minerals, and supplements, which may prevent the UK nutrition and supplement industry from expanding.
The strict guidelines imposed by the Nutrition and Health Claims Regulation (NHCR) of the European Food Safety Authority regarding the production of nutritional supplements are regarded as a major challenge.
Key Players
March 2021: A majority stake in the Dutch company By Nature has been purchased by Yorkshire-based Bigvits, an online retailer of vitamins and supplements. From the Netherlands, By Nature distributes nutritional products throughout Europe. Both businesses benefit from the acquisition, which also gives Bigvits a strategic foothold in the EU following Brexit.
The Food Standards Agency (FSA) and the Medicines and Healthcare Products Regulatory Agency (MHRA) are in charge of regulating dietary supplements in the UK. These organizations control the advertising and promotion of the products in addition to ensuring that they are safe and accurately labeled. To sell food supplements, you must register with your local authority as a Food Business Operator (FBO).
Supplemental nutrition is typically not covered by the National Health Service (NHS) in the UK and is regarded as a private expense. Reimbursement for specific supplements may be provided by some employers or private insurance plans, but this varies and is not a common practice. It is advised to inquire about nutritional supplement coverage from your employer or insurance provider.
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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