The sold production of dietary supplements in Belgium has demonstrated significant growth from 2016 to 2023. The market valuation in 2023 stood at 314.5 million euros, reflecting a steady increase in consumer demand. Notable year-on-year variations include a sharp rise of 46.32% in 2020 and a consistent upward trend with a 16.29% increase in 2022. The latest figures from 2023 depict a 13.08% increase compared to the previous year. Over the past five years, the compound annual growth rate (CAGR) has been robust at 14.56%.
Future trends suggest continued growth in the dietary supplements market, with forecasts predicting an average annual increase (CAGR) of 6.97% over the next five years, leading to a total growth rate of 40.08% by 2028. Key trends to watch include the increasing consumer awareness surrounding health and wellness, advancements in supplement formulations, and the growing e-commerce sector that is making these products more accessible. Additionally, regulatory changes and innovations in personalized nutrition could play a significant role in shaping the market landscape.
