Key regions: United Kingdom, India, Canada, Germany, China
The Vitamins & Minerals (Pharmacies) market in Netherlands is experiencing steady growth due to increasing customer preferences for natural and preventive healthcare products.
Customer preferences: Customers in Netherlands are increasingly focused on maintaining their health and well-being, leading to a rise in demand for vitamins and minerals. They are becoming more aware of the importance of preventive healthcare and are actively seeking products that can support their immune system, boost energy levels, and improve overall health. Additionally, there is a growing preference for natural and organic products, as customers are becoming more conscious of the potential side effects of synthetic supplements.
Trends in the market: One of the key trends in the Vitamins & Minerals (Pharmacies) market in Netherlands is the increasing popularity of personalized nutrition. Customers are seeking customized vitamin and mineral supplements that are tailored to their specific needs and health goals. This trend is driven by advancements in technology and the availability of genetic testing, which allows individuals to understand their specific nutrient deficiencies and choose the right supplements accordingly. Another trend in the market is the growing demand for vegan and plant-based vitamins and minerals. As the number of people adopting a vegan or vegetarian lifestyle increases, there is a need for supplements that are free from animal-derived ingredients. This trend is also influenced by the rising awareness of sustainability and ethical considerations among customers.
Local special circumstances: The Netherlands has a well-developed healthcare system and a high level of health consciousness among its population. The country has a strong tradition of preventive healthcare and a culture of self-care. Pharmacies play a crucial role in the healthcare system, and customers trust the expertise of pharmacists when it comes to choosing the right vitamins and minerals. This trust and reliance on pharmacies contribute to the growth of the Vitamins & Minerals (Pharmacies) market in Netherlands.
Underlying macroeconomic factors: The growing market for vitamins and minerals in Netherlands is also influenced by favorable macroeconomic factors. The country has a stable economy and a high standard of living, allowing individuals to invest in their health and well-being. Additionally, the aging population in Netherlands is driving the demand for supplements that can support healthy aging and improve quality of life. As the government encourages preventive healthcare and healthy lifestyle choices, the Vitamins & Minerals (Pharmacies) market in Netherlands is expected to continue its growth trajectory.
Data coverage:
The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.
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