Dietary Supplements Market: Information Form (Tablets, Capsules & Softgels, Powders, Gummies and others), By Type (Vitamins, Minerals, Amino Acids & Proteins, Probiotics, Blends and others), Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Specialty Stores and others} and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast 2027

ID: VPR/F&B/1067 Publishing Year: January 2022 Pages: 102 Format:   


Dietary Supplements Market Overview:

Dietary Supplements are substances that support healthy health, such as vitamins, minerals, herbs and botanical extracts, amino acids, and enzymes. The growing emphasis on preventative healthcare might be related to the expansion of the Dietary Supplement Market. Consumers are adopting healthier lives at an increasing rate all across the world. In recent years, the number of people who are concerned about their health has risen. Concerns regarding the rise in health issues such as obesity, hunger, and weakened immune systems have also grown. As a result, people are increasingly choosing preventative healthcare options including enhanced foods and beverages that provide health advantages and nutrition. Furthermore, the explosion of information about the benefits and drawbacks of numerous supplements is assisting consumers in making decisions. During the projected period, however, the market for dietary supplements is expected to be hampered by strict government regulations.

Key Players:

The Prominent Players in the Dietary Supplements Market include Bayer AG (Germany), The Nature's Bounty Co. (US), Glanbiaplc (Ireland), Herbalife Nutrition Ltd. (US), GlaxoSmithKline plc (UK), Abbott Laboratories (US), Amway Corp (US), Otsuka Holdings Co., Ltd (Japan), Nature's Way Products, LLC (US), and Living Essentials Marketing, LLC (US).

Market Drivers:

Consumers have become more health-conscious across geographies, which is fueling the expansion of the dietary supplement market. Another significant driver expected to fuel the total market is the ageing population of various nations, such as Japan, Italy, Portugal, and Germany.

To maintain their good health and quality of life, the senior population is focusing on adjusting to nutritional supplements specifically tailored to their needs. Aging causes a variety of changes in an individual, including psychological, physiological, and social changes, all of which have an impact on their nutritional and food choices. The population is becoming increasingly reliant on routine food choices and nutritional consumption patterns. Over time, the growing ageing population in various countries has boosted demand for developing age-friendly food alternatives with better nutritional content to support their overall health, which has led to an increase in demand for dietary supplements, which has fueled market expansion. Consumers have become more conscious of healthy ageing and illness prevention as worries about bone health and mobility have grown. As a result, supplemental nutrition solutions that meet the nutritional needs of ageing customers are in higher demand.

Restraints:

Science and technology are assisting people in identifying foods that will aid in weight loss and overall wellness. Dietary Supplements have a hefty price tag, which could limit the market's expansion. Only a few companies, such as Amway, provide supplements under the Nutrilite name, which is substantially more expensive. Dietary Supplements come with a hefty price tag for research and customisation. Because these supplements are more expensive, they may limit market expansion, especially in price-sensitive countries like South Africa and India. Asia has failed to catch up with the expanding popularity of nutritional supplements.

Market Segmentation:

The Market for Dietary Supplements is divided into types, modes of application, functions, and categories. The growth of segments allows you to analyse specific pockets of growth and market approaches, as well as establish your main application areas and target market differences.

The Dietary Supplement Market is divided into vitamins, minerals, amino acids, enzymes, and other supplements based on kind.

The Dietary Supplement Market is divided into capsules, powder, liquids, soft gels, and gel caps based on the manner of application.

The Dietary Supplement Market is divided into three categories based on their functions: additional supplements, medicinal supplements, and sports nutrition.

Consumers have moved to Dietary Supplements to increase core strength and other biological benefits as their concerns about bad health and changes in lifestyle have grown. Although these Dietary Supplements are less expensive than other supplements, market growth is expected to be limited.

Regional Analysis:

Because of the increased use of goods with high nutritional value and low calorie content, North America emerged as the top regional market in 2020, with a revenue share of 36 percent. Furthermore, new product launches are likely to stimulate demand for Dietary Supplements in Mexico over the forecast period, resulting in increased awareness of supplement intake.

Over the projection period, Asia Pacific is expected to increase significantly. Due to the rising consumer base in countries such as India, China, and South Korea, the industry is predicted to be the largest regional market by 2028. Over the projected period, rising expenditure on health-enhancing products in the region due to rising per capita income and increased awareness is expected to fuel demand for Dietary Supplements.

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