German nutraceuticals market is anticipated to grow at a CAGR of 7.4% over the forecast period (2020-2026). The key factors that drive the growth of the market include the high population base, the rising standard of living, and the growing adoption of dietary supplements. Moreover, the high presence of health clubs and memberships creates demand for dietary supplements and hence drives the market growth. For instance, according to the International Health, Racquet & Sports club Association (IHRSA), in 2019, Germany has generated $6.2 billion in revenue at a CAGR of 4.6% from 11.7 million health club membership.
Browse the full report description Germany Nutraceuticals Market Size, Share & Trends Analysis Report by Product Type (Functional Food, Functional Beverage, and Dietary Supplements), and by Distribution Channel (Retail & Supermarkets and Online Platform) Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/germany-nutraceuticals-market
Moreover, sports nutrition specific product launches in the country are again expected to fuel market growth. For instance, in November 2018, BASF SE had launched PeptAIde in Germany. PeptAIde is a sports nutrition ingredient containing a unique set of plant-based peptides identified using artificial intelligence (AI), for regulating inflammation.
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German Nutraceuticals Market – Segmentation
By Product Type
By Distribution Channel
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