Global Dietary Supplements Market is valued at approximately USD 151.92 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.9 % over the forecast period 2022-2028. Dietary Supplements are vitamins, minerals and any other products intended to supplements one's diet by taking in the form of capsule, power, liquid or pills. After the outbreak of COVID-19, the demand for immunity boosters increased rapidly. Lucrative growth of gyms, sports clubs, health clubs, fitness centers coupled with growing fitness awareness among youngsters boost demand for weight and energy management which in turn benefitted Dietary Supplements Market. With the growing geriatric population, the demand for immunity-boosting supplements that consist of protein, vitamins, and others is expected to increase during the forecast period. Increased disposable income increases one's spending on dietary supplements hence enhancing the growth of the dietary supplements Market. The dietary supplements Market is also fueled by the growing rate of obesity which increases the demand for weight loss pills and soft gels. Manufacturers are spending more on innovation and expansion and are focusing to enhance the nutritional value of products. For instance, In May 2021, the CNR foundation launch Me! Website and Vitamin D to Market the dietary supplements to expand their customer base in the U.S. Regular intake of dietary supplements reduces bone strength, birth defects and may damage the liver and other organs which may downscale the growth of the dietary supplements Market. In addition, higher prices of these supplements may hamper the growth of the Market.
The key regions considered for the Global Dietary Supplements Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific region is likely to witness the highest growth of the dietary supplement Market in terms of revenue. Factors such as fast-paced lifestyle, increased usage of online distribution channels boost the Market in France, U.K., Germany over the forecast period. The strategy of expansion and innovation of manufacturers to face the fierce competition fueled the dietary supplements Market growth over the forecast period 2022-2028.
Major Market players included in this report are:
Amway Corp.
Glanbia PLC
Abbott
Bayer A
Pfizer Inc.
ADM
Nu Skin Enterprises, Inc.
GlaxoSmithKline plc
Bionov
Ayanda
The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro Markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the Market are explained below:
By Form
Tablets/Capsules
Powder
Liquid
Other
By Ingredient
Vitamins & Minerals
Proteins
Botanical
Others
By Application
Weight Loss
Sports Nutrition
Immune & Digestive Health
Bone Health
Others
By Distribution Channel
Pharmacies
HyperMarket/SuperMarket
Online
Others.
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Dietary Supplements Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
