Ireland Dietary Supplements Market to be Dominated by the Supermarkets and Hypermarkets Segment through 2028
The rising consumption of dietary supplements is
expected to drive the growth of Ireland dietary supplements market in the forecast
period, 2024-2028.
According to
TechSci Research report, “Ireland Dietary Supplements Market - By Region,
Competition Forecast and Opportunities, 2018-2028”, Ireland dietary
supplements market is anticipated to grow at an impressive rate in the forecast
period. This can be ascribed due to the rising demand for nutritional
food supplements with medical benefits, such as managing health issues like
obesity, cardiovascular disease, cancer, cholesterol, arthritis, and diabetes along
with growing preference for personalized medicine amongst people are facing gut
related issues across Ireland. Additionally, rapid advances in research and
development, rising healthcare investments, changes in food laws affecting
label and product claims, burgeoning aging population, and rising interest in
attaining wellness through diet will escalate the growth of Ireland dietary
supplements market in coming years. Besides, emergence of new plant-based
proteins such as soy, spirulina, and hemp is further expected to support the growth
of Ireland dietary supplements market.
However, the high price of dietary supplements is one of the
restraining factors for Ireland dietary supplements market. Also, dietary supplements
often require long-term treatment, and non-adherence can lead to poor health
outcomes. Patients may stop taking medications due to side effects, cost, or
other reasons which can further restrict the growth of Ireland dietary
supplements market.
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The Ireland dietary
supplements market can be segmented by product type, form, distribution
channel, application, end user, and region.
Based on form, the
market can be segmented into capsules, tablets, powder, soft gels, and liquid.
The tablet segment dominated the market in 2022 and is expected to continue
maintaining its dominance throughout the forecast period. This is due to their high
affordability, convenient packaging, higher shelf life, and capsule
supplementation. Additionally, the dosage is well defined in capsules, hence
they are preferred over liquid over other segments.
Based on application,
the Ireland dietary supplements market can be segmented into immunity, general
health, energy & weight management, bone & joint health, and others. The
energy & weight management segment dominated the market in 2022 and is
expected to continue maintaining its dominance throughout the forecast period.
This can be ascribed to the increasing consciousness for dietary supplements
containing proteins and vitamins which is widely influenced by sports
enthusiasts in the form of nutrition bars, sports nutrition supplements, and
energy drinks in Ireland.
Based on distribution
channel, the market can be segmented into pharmacies and drug stores, online,
supermarkets and hypermarkets, and others. The supermarkets and hypermarkets segment
is expected to dominate during the forecast period on account of the rising
awareness related to the promotion of sales for dietary supplements through
mobile and user-friendly websites, e-mails, paid marketing, affiliate
marketing, and paid promotions through e-commerce websites.
Major companies
operating in Ireland dietary supplements market are:
- Amway Ireland Limited
- Abbott Ireland Limited
- Nestle Ireland Ltd
- Herbalife Nutrition Ireland
- Archer-Daniels-Midland (ADM) ARKADY IRELAND LIMITED
- Glanbia Nutritionals Ireland Limited.
- Otsuka Pharmaceutical Europe Ltd.
- Pfizer Ireland
- Ireland GlaxoSmithKline
- Arkopharma Ireland Limited
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“Ireland dietary
supplements market is expected to dominate during the forecast period on
account of the rising demand for nutritional supplements with medical benefits
along with growing preference for personalized nutrition. Furthermore, the
recent trend of personalized medicine is growing, particularly among
individuals with gut-related medical conditions will further contribute to demand
for Ireland dietary supplements market. Besides, the increasing concern about
healthy lifestyles and increasing healthcare expenditure and wellness is
further expected to create lucrative opportunities for the market growth” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Ireland
Dietary Supplements Market, By Product Type (Vitamin, Combination Dietary Supplements, Protein,
Herbal Supplements, Fish Oil & Omega Fatty Acid, and Others), By Form
(Capsules, Tablets, Powder, Soft Gels, and Liquid), By Distribution Channel
(Pharmacies and Drug Stores, Online, Supermarkets and Hypermarkets, and Others),
By Application (Immunity, General Health, Energy & Weight Management, Bone
& Joint Health, and Others), By End User (Adults, Geriatric, Pregnant
Females, Children, and Infants), By Region, Competition, Forecast and Opportunities,
2028”, has evaluated the
future growth potential of Ireland dietary supplements market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Ireland dietary supplements market.
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