The global Dietary Supplements Market Size is expected to reach US$ 279.2 billion by 2030 and is expected to grow at an impressive double-digit rate of 8.4% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global Dietary Supplements Market for the period 2016-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
Dietary supplements refer to the products which comprises dietary ingredients that help in the better ingestion. These supplements are mainly used in order to add the nutrients in to the diets in order to reduce the risks associated with the various health conditions including osteoporosis, chronic ailment or arthritis. Composition of majority of the dietary supplements is depends upon the age of the consumer, however primary motive of these supplements is none other than immunity boosting and improving the overall health of the consumer. Global dietary supplements market is gaining attraction worldwide owing to increased awareness regarding its benefits. Dietary supplements are available in various forms such as liquids, powders, capsules, gels tabs among others.
Why should you invest in this report?
If you are aiming to enter the global Dietary Supplements Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Dietary Supplements are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Rising health awareness among the individuals across the globe along with, growing focus on the dietary habits due to changing lifestyle are among major factors boosting growth of the global industry. Additionally, increasing number of sport events worldwide is leading to increased demand for the dietary supplements which is intern fuelling growth of the dietary supplements marker worldwide. Moreover, growth in the numbers of gymnasiums is having positive impact on the growth of global industry.
For instance, total number of gym members in America was registered 62.5 million in year 2018, the number is increased to 64.2 million in 2019. Further, increased focus on the preventive health management as well as increased spending on healthcare is another factor to boost growth of the global market during the forecast time frame. Population in the leading countries and emerging economies are shifting from curative to preventive management of the health, this is in tern creating huge growth opportunities for the major companies of the global market. Further, increasing collaborations among leading layers in order to increase production capacity and product portfolio are anticipated to augment dietary supplement market growth.
Report Highlights
- Based on type segment, vitamin segment projected for the largest revenue with significant portion in prediction period of time. This is accredited to ability of the vitamin to be effortlessly excreted by the kidneys. Further, its increased consumption in order to increase overall health is boosting growth of the segment in the near future.
- On the basis of application, energy and weight management application is accounted for the weighty share in the target industry. This is due to the increasing usage of the dietary supplements by the young and adult population for the, energy gain and weight management application. Further, increased support of the government for the healthy diet as well as increasing trend of online weight loss programs post COVID is expected to drive growth of the target segment in the near future.
- Based on end user segment, adults segment planned for the largest revenue with significant portion in estimate period of time. Increasing focus of adult population on increasing nutrients intake are driving growth of the segment.
- Archer Daniels Midland, a leading company contributes significantly in the target industry and this is due to the various innovative product launches by the company across the world.
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Key Market Players and Strategies
The major companies functioning in the worldwide dietary supplements market are Bayer, NBTY Inc, Bionova Lifesciences, Nu Skin Enterprises, Carlyle Group, Pfizer, Arkopharma Laboratoires Pharmaceutiques, Glanbia, Herbalife International, Abbott Laboratories, GlaxoSmithKline, Nature’s Sunshine Forms, Amway, and Archer Daniels Midland among others. Huge investment in the technological development of the dietary supplements along with business related collaborations are the crucial business strategies started by the major players operating in the global dietary supplements market.
Major Market Segments Covered:
By Type
- Vitamins
- Minerals
- Fibers & Specialty Carbohydrates
- Omega Fatty Acids
- Botanicals
- Proteins & Amino Acids
- Others
By Form
- Capsules
- Tablets
- Gummies
- Soft gels
- Liquids
- Powders
- Others
By Application
- General Health
- Energy & Weight Management
- Gastrointestinal Health
- Diabetes
- Bone & Joint Health
- Immunity
- Cardiac Health
- Anti-cancer
- Others
By End User
- Geriatric
- Adults
- Children
- Infants
Regional Analysis:
The geographical analysis of the global Dietary Supplements Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Dietary Supplements Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Dietary Supplements Market in 2030?
- What is the expected CAGR for the Dietary Supplements Market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Dietary Supplements Market?
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