PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1442548
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1442548
The global market for heart health supplements is poised for substantial growth over the forecast period from 2024 to 2031, with a projected Compound Annual Growth Rate (CAGR) of 5.0%. According to comprehensive market analysis, the revenue is expected to surge from US$ 11 billion in 2024 to approximately US$ 15 billion by 2031.
The global market for heart health supplements is poised for significant growth during the forecast period. Established markets like North America, holding a share of 44.9% in 2023, are leading the way due to increased consumer awareness about preventive healthcare and the rising prevalence of lifestyle diseases.
Moreover, emerging economies such as India, Brazil, Mexico, Malaysia, China, and Indonesia are experiencing notable economic growth. In tandem with this economic change, there's been a surge in consumer awareness regarding health consciousness and the consumption of dietary supplements. These countries are witnessing a considerable uptick in the consumption of heart health supplements, fueled by factors such as rising purchasing power among consumers, accessibility to various brands, and increasing online sales of these supplements. This trend is contributing to a favorable market outlook for heart health supplements in these regions.
Online retail sales of heart health supplements are projected to experience a higher value CAGR of 6.6% over the forecast period, fueled by growing internet penetration and the convenience of online shopping. Additionally, the liquid form of supplements is expected to witness significant growth due to changing consumer preferences and the demand for alternative dosage forms.
The global heart health supplements market is segmented by form, ingredient, and sales channel. Forms include powder, liquid, softgel, and pills, while ingredients encompass vitamins and minerals, amino acids, botanical supplements, and others. Sales channels include hypermarkets/supermarkets, drug & specialty stores, online retail, and other retail formats.
Leading manufacturers in the heart health supplements market are focusing on expansion strategies such as acquisitions and product diversification to strengthen their market presence. Additionally, innovation remains a key driver, with companies launching new products aligned with evolving consumer preferences and market trends.
Key companies profiled
Heart Health Supplements Industry Research by Category