In 2023, the import of Vitamin C to the Netherlands stood at 62.64 million US dollars. The year-on-year variation between 2022 and 2023 shows a slight increase of 0.49%, indicating stabilization after a decline in previous years. The average annual growth rate over the last five years (CAGR) up to 2023 was 0.71%, reflecting modest growth in the market.
Historical data shows notable fluctuations, with significant increases in certain years, particularly before 2018. Following the peak in 2017, there was a notable drop in 2018, subsequent years showing more moderate year-on-year variations. The estimate between 2024 and 2028 predicts a steady increase, though minimal, with a 5-year CAGR forecast at 0.3%.
Future trends to watch for:
- Technological advancements in supplement manufacturing.
- Changes to dietary supplement regulations within the EU.
- Potential impacts on supply chains from global trade tensions and logistical challenges.
- Risks associated with global health trends and economic conditions affecting consumer spending.
