The global dietary supplements market has witnessed a surge of growth in terms of revenue in recent past years, owing to the increasing awareness about health benefits of dietary supplements is driving growth of the market globally. Dietary supplements are used in order to treat nutritional deficiency in the human body. Dietary supplements consist of vitamins, minerals, proteins, and other necessary ingredients.
Market Dynamics
Health benefits that are associated with consumption of dietary supplements are reduction in signs of aging and improved cardiovascular health, among others. There has been increasing focus among women on maintaining healthy skin, hair, and nails, as well as a rising need to prevent premature skin aging, and rising preference for effective and safe beauty solutions. Such factors are expected to drive growth of the dietary supplements market during the forecast period.
Increasing costs of healthcare & medicines has led people towards shifting towards dietary supplements to stay healthy. Dietary supplements provide health benefits such as lowering cholesterol & cardiovascular diseases, prevention of cold & flu, strengthening the immune system, prevention of migraine headaches, treatment of rheumatic diseases, allergies, triglyceride levels and blood pressure and cognitive diseases at lower costs. Rising demand for organic and natural products is aiding growth of the global nutritional supplements market.
'Self-care' has now become an essential part of the modern consumer's lifestyle. The growing emphasis on holistic health and immunity has resulted in some significant dietary changes among consumers. The use of vitamins, minerals, immunity-boosting foods, organic products, supplements, and other nutritional supplements has increased significantly. Though the ongoing pandemic has increased the focus on immunity, it is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. It is also a key factor that, when combined with proper nutrition, can enhance the body's natural defenses. As people become more conscious of holistic wellbeing, the demand for immunity-boosting products has increased significantly. People are increasingly shifting to herbal supplements and other dietary supplements to address their health concerns.
Key features of the study:
- This report provides an in-depth analysis of the global dietary supplements market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global dietary supplements market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Abbott Laboratories, Amway (Nutrilite), DuPont, NBTY Inc., Royal DSM N.V., Glanbia Plc., Bayer AG, GlaxoSmithKline PLC., Herbalife International, and BASF SE
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
- The global dietary supplements market report caters to various stakeholders in this industry including investors, suppliers, dietary supplements manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global dietary supplements market
Detailed Segmentation:
- Global Dietary Supplements Market, By Form:
- Soft gel/Pills
- Gummies
- Chews
- Others (Lollipops, hard-boiled candies)
- Chewable Pills and Pills
- Gelcaps
- Powder
- Liquid
- Global Dietary Supplements Market, By Application:
- Weight Loss
- Sports Nutrition
- General Wellbeing
- Immune and Digestive Health
- Bone and Joint Health
- Heart Health
- Other Specific Requirements (Beauty Supplements, Anti-Allergies, and Eye Health)
- Global Dietary Supplements Market, By Ingredients:
- Vitamins & Minerals
- Amino Acids
- Botanical Supplements
- Others (Concentrate, Metabolite, Constituent, and Extract)
- Global Dietary Supplements Market, By End-use :
- Men
- Women
- Senior Citizens
- Others (Kids and Toddlers)
- Global Dietary Supplements Market, By Distribution Channel:
- Pharmacies & Drugstores
- Health & Beauty Stores
- Hypermarkets & Supermarkets
- Online
- Direct Selling
- Global Dietary Supplements Market, By Region:
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- EU 5
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia & New Zealand
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- Company Profiles
- Abbott Laboratories*
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments
- Future Plans
- Amway (Nutrilite)
- DuPont
- NBTY Inc.
- Royal DSM N.V.
- Glanbia Plc.
- Bayer AG
- GlaxoSmithKline PLC.
- Herbalife International
- BASF SE
"*" marked represents similar segmentation in other categories in the respective section