Global Dietary Supplements Market is valued at USD 138.9 Billion in 2020 and is anticipated to reach USD 231.9 Billion by 2027 with a Growing CAGR at a 7.6% over the forecast period.
Dietary Supplement Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Dietary Supplement Market place for the forecast 2021– 2027.
The COVID-19 pandemic has also impacted the global dietary supplements market. With the sudden outbreak of COVID-19, the market has witnessed a rise in demand for items that give digestive and immune health, which positively influenced the market. During Covid-19 pandemic, the demand of immunity-boosting supplements, including nutrients, minerals, and a few spices has increased. The pandemic has prompted various product launches to compel to the increasing demand. Besides, to satisfy the flooding request along with keeping up with security standards, the makers have been focusing on growing their sales by empowering their clients to shop online instead. However, the lockdown condition and government restrictions may disrupt the supply chain during the pandemic.
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Scope of The Dietary Supplement Market Report:
User attitude is very optimistic regarding dietary supplements with included wellness and health benefits. Increasing healthcare costs, increasing geriatric population, food innovation, changing lifestyle, expectations regarding their higher costs, and medical discoveries have assisted the product demand as well as the global market growth.
Dietary supplement is described as a product aimed to supplement the diet and has any of a number of elements such as: herbs, minerals, vitamins, or other amino or botanical acids. Dietary supplements are intended to be consumed orally and come in capsule, pill, powder, tablet, or liquid form.
By ingredient, the global dietary supplement market is divided into botanicals, vitamins, minerals, protein & amino acids, enzymes, and others. By product the global dietary supplement market is divided into tablets, capsules, powder, liquid, soft gels, and gel caps. By application the global dietary supplement market is divided into additional supplements, medicinal supplements, and sports supplements. By distribution channel the global dietary supplement market is divided into pharmacies & drug stores, supermarkets & hypermarkets, online, and others.
Dietary Supplement Manufacturers :
The major players included in the global dietary supplement market forecast are,
Arkopharma Laboratoires Pharmaceutiques
Archer Daniels Midland
Nu Skin Enterprises
Nature’s Sunshine Forms
Dietary Supplement Market Key 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, Anti-cancer, Others
By End-user: Adults, Geriatric, Pregnant Women, Children, Infants
By Distribution Channel: OTC, Prescribed
Rise In Disposable Income And Rapid Urbanization Are Predicted To Power The Growth Of The Dietary Supplement Market Over The Coming Years
Increasing health issues together with altering diets and lifestyles has increased the product requirement. Positive outlook towards sports nutrition is amongst the primary drivers of the market. Rise in the number of worldwide sports event such as Indian Premium league and Big Bash have obliged athletes to aim on their physical strength. Moreover, increase in the number of gymnasiums and sports complex is predicted to power the growth. User attitude is very optimistic regarding dietary supplements with included wellness and health benefits. Increasing healthcare costs, increasing geriatric population, food innovation, changing lifestyle, expectations regarding their higher costs, and medical discoveries have assisted the product demand as well as the global market growth.
Rise in disposable income, rapid urbanization, and increasing user awareness related to health issues are predicted to power the growth of the market over the coming years. Favorable outlook towards medical nutrition due to the high occurrence of cardiovascular diseases together with weight management initiatives is predicted to power the product requirement. Rising requirement of organic products in Argentina, US, and Australia has obliged regulatory agencies to frame supportive rules to elevate production output for organic items that will lead to lowered application in the upcoming years for dietary supplements.
Increasing Requirement For Sports Nutrition Is Predicted To Have A Major Role In Growth Of The Dietary Supplement Market In North America
Increasing requirement for sports nutrition due to rising significance of active lifestyle together with increasing awareness related to the advantages of protein consumption is predicted to have a major role in growth of the market in North America. Moreover, increasing consciousness related to the usage of proteins for sustaining optimum nutrition levels and maintaining the muscle mass amongst middle-aged people in developed countries comprising Canada and US is predicted to increase demand.
In Europe, increasing protein usage in developed areas such as UK and Germany is predicted to power the consumption of amino acids for the making of dietary supplements over the coming period. Moreover, increasing sales of multivitamin products specifically, vitamin C and B in light of their rising adoption amongst bodybuilders and working professionals is predicted to have a solid affect on the developed regions in coming future.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
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