Global Dietary Supplements Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027, Growing consumer awareness regarding personal health & wellbeing, increasing geriatric population and rising interest of people in sports & bodybuilding are some of the major factors anticipating the growth of the Global Dietary Supplements Market.
The global Dietary Supplements Market is valued at USD 145.46 Billion in 2021 and is expected to reach USD 259.56 Billion by 2028 with a CAGR of 8.63% over the forecast period.
Dietary supplements are significantly overcome with a superb goal to improve the intake of fundamental nourishing components in the human body. Dietary enhancements are accessible in various forms like pills, tablets, gel caps, powders, containers, and liquids. Dietary supplements like botanical, mineral, vitamin, and fatty acid help customers live healthily and avoid nutritional insufficiency diseases. A supplement can give nutrients either separated from food sources or that are manufactured to expand the amount of their utilization.
Dietary supplements can likewise contain substances that have not been affirmed as being fundamental to life, yet are showcased as having a valuable natural impact, for example, plant pigments or polyphenols. Animals can likewise be a resource of supplement ingredients, like collagen from chickens or fish. These are likewise sold separately and in combination, and might be joined with nutrient ingredients. The European Commission has likewise established harmonized standards to help with safeguarding that food supplements are protected and suitably labeled.
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.
Some of the key players for global Dietary supplements market are -
The global dietary supplements market is segmented on the basis of type, form, distribution channel, application, end-user, region & country level. Based upon the type, the global dietary supplements market is divided into vitamins, minerals, fatty acids, proteins & amino acids, enzymes, fibers & specialty carbohydrates, and others. Based upon form, the market is classified as tablets, capsules, powders, and liquids. Based upon distribution channel, the dietary supplements market is classified into pharmacies & drug stores, supermarkets & hypermarkets, online retail and other general health, joint & bone health, energy & weight management, immunity, cardiac health, diabetic and others. Based upon application, the market is classified into. Based upon end-user, the Dietary supplements market is classified into children, infants, adults, geriatric and pregnant women.
The regions covered in global dietary supplements market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On thebasis of country level, the market of global dietary supplements is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India,Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa,etc.
May 13th, 2021; PlantFuel Life Inc. announced an important achievement in its main goal to help buyers with revaluating their nourishing solutions through a cross-country distribution agreement with driving retailer GNC. Plant Fueled dietary supplement brand that expects to convey the most awesome potential items accessible, effectively overcoming any barrier between healthy. PlantFuel's commitment to make clinically demonstrated plant-based nutrition that doesn't think twice about respect to execution and taste, while additionally using eco- conscious packaging, is something progressively relatable and important to purchasers today.
One of the major factors driving the growth of global dietary supplements market is growing consumer awareness regarding personal health & wellbeing. Nutrients and minerals are fundamental for assisting human body develops and capacity as it should. Dietary supplements help consumer to meet their body needs to remain healthy. Peoples are getting more conscious about their health and wellness which boost the demand of Dietary supplements. For example; in March 2018, The GHT organizations reported the dispatch of new product offering of 100% veggie lover supplements. The new items are manufactured to satisfy the growing need for animal-free plant-based items that guide in weight management.
In addition, increasing geriatric population is also fostering the demand for dietary supplements. The older populace is focusing on adapting to nourishing supplements clearly custom-made to their necessities to keep up with their great health and personal satisfaction. Aging populace progressively depends on routine food choices and custom fitted dietary utilization patterns. The growing aging populace has increased the demand for developing age- friendly food choices with upgraded healthy benefit to help their overall wellbeing, which has prompted an expanded demand for dietary supplements that further help the market development. For example; according to the World Health Organization (WHO), in 2019, the quantity of individuals matured 60 years and older was 1 billion. This number will increment to 1.4 billion by 2030 and 2.1 billion by 2050, globally.
Furthermore, rising interest of people in sports & bodybuilding is also augumenting the growth of global dietary supplements market. Sportspersons and athletes are turning out to be progressively interested in sports nourishment items and supplements to improve their perseverance and lift their performance. The tendency towards sports nourishment products and vitamin supplements for its perseverance improvement and execution upgrading factors will look good for the market over the forecast period. However, strict rules & regulations and high cost of dietary supplements may hamper the growth of the global dietary supplements market. In spite of that, shift-towards plant based supplements can provide various opportunities for the further growth of the global Dietary supplements market.
North America is expected to dominate the global dietary supplements market due to the high prevalence of chronic diseases, high awareness about consumption of supplements products and presence of key players in this region. Nutrients and multivitamins are acquiring foothold as shoppers are moving to dietary enhancements for anticipation of persistent sicknesses. For instance; as per the CDC, about 868,000 Americans die of coronary illness, stroke, or other cardiovascular sicknesses consistently. In October 2019, Herbalife dispatched a relaxation tea and new immunity fundamentals, containing EpiCor, to fulfil nutritional supplement need in the North American region. This would fortify its item portfolio for dietary enhancements.
Asia Pacific is expected to show the fastest growth in the global Dietary supplements market due to rising adoption of health-enhancing supplements products, increasing awareness regarding dietary supplements, growing investment to develop a dietary products,s and an increasing number of players in this region. For example; in July 2021, MuscleBlaze dispatched a unique series of supplements for athletes and health freaks by further developing its top-of-the-line supplements range Fuel-One Whey by adding Creatine Monohydrate which plans to upgrade volume gains and amplify post-exercise muscle recovery. The brand likewise dispatched MB pre-exercise 200 proteins powder that aide in taking care of intense sweat meetings.
Also, in November 2019, Amway provided USD 200 million to set up a nutritional supplement innovation center in China. This helped in the contribution of custom-made solutions and the overall expansion of the company. In March 2021, India-based food delivery application Zomato reported launching its own line of functional food varieties and nourishment supplements in the country.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2021:||USD 145.46 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 259.56 Billion|
|Tables, Charts & Figures:||175|
|Dietary Supplements Manufacturers:||Glanbia PLC, Amway Corp., Bayer AG, Pfizer Inc., GlaxoSmithKline plc, Bionova, Arkopharma, Herbalife International of America, Inc., Abbott, ADM, Nu Skin Enterprises, Inc., Ayanda, Arkopharma, Nature’s Sunshine Products, Inc. and others.|
By Type, By Form, By Distribution Channel, By Application, By End-User
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|