Russia Dietary Supplements Market (2020-2026) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, Revenue, Value, Outlook & COVID-19 IMPACT

Russia Dietary Supplements Market | Country-Wise Share and Competition Analysis

In the year 2021, Germany was the largest exporter in terms of value, followed by Poland. It has registered a growth of 84.99% over the previous year. While Poland registered a growth of 20.07% as compare to the previous year. In the year 2017 Germany was the largest exporter followed by France. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Russia has the Herfindahl index of 1250 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of 1665 which signifies moderately concentrated in the market.

Russia Dietary Supplements Market - Export Market Opportunities

Topics Covered in the Russia Dietary Supplements Market

Russia Dietary Supplements Market report thoroughly covers the market by ingredient, by form, by application, by end user, and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the Russia Dietary Supplements Market

Russia Dietary Supplements Market is poised for growth and is expected to grow in the future years owing to increased awareness and interest in health and wellness among consumers. As more people prioritize their wellbeing and seek out natural ways to support their health, demand for dietary supplements continues to grow rapidly in the future years. One of the major developments is the emergence of new distribution channels, such as e-commerce platforms and social media influencers. These channels offer greater convenience and accessibility for consumers looking to purchase dietary supplements, which can help drive sales in Russia Dietary Supplements Industry.

Russia Dietary Supplements Market Synopsis

Russia Dietary Supplements Market has experienced substantial growth and is expected to continue its development at fastest growth rate. This remarkable growth is mainly due to enhanced public awareness regarding health concerns and the potential advantages of dietary supplements in maintaining wellness, as well as increasing discretionary spending among customers on higher quality products. Herbal supplements have also been receiving increasing attention owing to their naturally derived ingredients and assumed safety benefits. Despite challenges posed by the global pandemic and rising regulation concerning effectiveness claims for dietary supplements, the market continues to register immense growth.

According to 6Wresearch, the Russia Dietary Supplements Market size is set to witness growth during 2020-26. With the increasing awareness about health and wellbeing among consumers, the growth of this market is continued to rise. In addition, the rising aging population has created an opportunity for vitamin and mineral-based supplements, while preventive healthcare measures have seen more people striving for good health. Additionally, government initiatives promoting healthy lifestyles are also contributing in accelerating the Russia Dietary Supplements Market Growth. Nevertheless, regulatory issues and counterfeiting must be taken into consideration as these factors are expected to hinder the market development.

COVID-19 Impact on the Russia Dietary Supplements Market

The COVID-19 pandemic has had a considerable impact on the Russia Dietary Supplements Market, with people becoming increasingly aware of their health and well-being. Additionally, the economic instability caused by the pandemic resulted in customers being more price sensitive which has led to higher sales of private-label dietary supplements as they are generally cheaper than branded products.

Key players in the Russia Dietary Supplements Market

The Russia dietary supplements market is dominated by several key players who are actively participating in this growing industry. For instance,

• Biosintez
• Evalar
• Nutrimedika
• Pharmstandard

Market Analysis by Ingredient

By ingredient, the Among these ingredients, vitamins and minerals are the most consumed dietary supplements in Russia.

Market Analysis by Form

By form, Tablets and capsules are the most popular forms of dietary supplements preferred for their convenience and ease of consumption.

Market Analysis by End User

Based on End User, Adults are the major consumers of dietary supplements in Russia, however, there is a growing market for supplements targeting geriatric and pregnant women as well owing to their specific health needs.

Market Analysis by Distribution Channel

According to Dhaval, Research Manager, 6Wresearch, the OTC segment leads the Russia Dietary Supplements Market share as most dietary supplements in Russia are sold over-the-counter (OTC) without the need for a prescription.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Ingredient

• Vitamins
• Botanicals
• Minerals
• Proteins & Amino Acids
• Fibers & Specialty Carbohydrates
• Omega Fatty Acids
• Others

By Form

• Tablets
• Capsules
• Soft Gels
• Powders
• Gummies
• Liquids
• Others

By Application

• Energy & Weight Management
• General Health
• Bone & Joint Health
• Gastrointestinal Health
• Immunity
• Cardiac Health
• Diabetes
• Others

By End User

• Adults
• Geriatric
• Pregnant Women
• Children
• Infants

By Distribution Channel

• OTC
• Prescribed