Provitamins and vitamins market in Spain

Earlier Report Observations

The Spanish market for provitamins and vitamins experienced notable shifts between 2018 and 2023. After a high of 291.7 million USD in 2018, the market contracted the following year. The onset of the COVID-19 pandemic in 2020 reversed this trend, as heightened health awareness drove increased demand for vitamin supplements to support immunity.

This growth momentum continued into 2021, supported by the strengthening role of pharmacies as the primary sales channel, where over half of vitamin purchases were influenced by professional advice. The market reached its peak in 2022 at 345.8 million USD, a surge aligned with Spain's consolidation as the fifth-largest dietary supplement market in Europe and the high rate of recommendations from dietitians and nutritionists.

However, the market volume fell sharply to 250.8 million USD in 2023. Throughout the period, the market saw the emergence of new segments like nutraceuticals and nutricosmetics, reflecting sustained consumer interest in health and wellness.

Production provitamins and vitamins in Spain

In value, 2017-2020, M $ US

After two years of decline, Spain's production of provitamins and vitamins rebounded. In 2019, output reached its lowest point at 120.5 million US dollars, marking an 8.6% decrease. By 2020, production had risen to 137.6 million US dollars, representing a 14.3% increase from the previous year.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

Exports provitamins and vitamins from Spain

Exports in kind, t

Spain's exports of provitamins and vitamins have grown for three consecutive years. In 2020, export volumes totaled 7,876 tonnes, an 18.5% increase compared to 2019. Over the period from 2017 to 2020, exports rose by 34.2%, with an average annual growth rate of 10.3%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, three key markets—Portugal, Italy, and Panama—collectively accounted for 52.4% of Spain's total exports of provitamins and vitamins by volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, M $ US

In 2019, Spain's exports of provitamins and vitamins in value terms experienced their largest decline, dropping by 11.4%. However, in 2020, cross-border shipments rebounded to 101.2 million US dollars, a solid 12.0% increase from the previous year. The peak value was recorded in 2018 at 102.0 million US dollars, which saw the largest increase of 24.5%. Overall, from 2017 to 2020, exports grew by 23.5%, equating to an annualized rate of 7.3%.

Annual dynamics of product's exports from Spain in value, 2017-2020, M $ US

Between 2017 and 2020, Spain's exports of provitamins and vitamins in value terms were distributed across many countries. Even the top three destinations—Portugal, Germany, and Italy—together represented only 36.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports provitamins and vitamins to Spain

Imports in kind, t

Spain's imports of provitamins and vitamins have increased for two consecutive years. In 2018, import volumes hit their lowest point at 16,531 tonnes, with the largest decline of 6.7%. By 2019, imports surged by 10.7%, and in 2020, they reached 19,244 tonnes, a 5.1% rise from the previous year. Over the 2017-2020 period, imports grew by 8.6%, with an average annual rate of 2.8%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, China, Germany, and the Netherlands were the primary suppliers of provitamins and vitamins to Spain by volume. China accounted for 36.2% of imports, Germany for 13.8%, and the Netherlands for 12.6%, together making up 62.6% of total import volumes.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, M $ US

In 2019, Spain's imports of provitamins and vitamins in value terms saw their largest decline, falling by 13.1%. In 2020, deliveries rebounded to 235.8 million US dollars, a modest 3.6% increase from the previous year. The peak value was recorded in 2018 at 261.9 million US dollars, which experienced the largest increase of 26.6%. Overall, from 2017 to 2020, imports rose by 14%, with a compound annual growth rate of 4.5%.

Annual dynamics of product's imports to Spain in value, 2017-2020, M $ US

Throughout 2017-2020, China, Germany, and the Netherlands remained the key sources for Spain's imports of provitamins and vitamins in value terms. China contributed 32.3% of import value, Germany 15.5%, and the Netherlands 11.3%, collectively accounting for 59.1% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020