Global Dietary Supplement Market Insights, Size and Growth Forecast To 2024

 

Report description
“Dietary Supplement” describes a broad and diverse category of products that you eat or drink to support good health and supplement the diet.  Dietary supplements are not medicines, nor should they be considered a substitute for food. Dietary supplements are majorly consumed with a prime intention to enhance the intake of essential nutritional components in the human body. Growing prevalence of cardiovascular disorders on account of fluctuating diet patterns and inactive lifestyle among the age-group of 30-40 is expected to promote the importance of Nutraceuticals. 

The dietary supplements market was valued at USD 104.38 billion in 2018, registering a CAGR of 6.8%, during the forecast period (2018-2024). The dietary supplements market is preliminarily driven by the paradigm shift toward preventive health management practices, amid rising healthcare costs and increasing burden of lifestyle diseases. Digitization in retail is expected to boost the future growth of dietary supplements. The SPER market research report of Dietary Supplements includes all integrated approach to growth of the market along with an elaborate & accurate analysis of the complete competitive situation of this market on a global level with the key market trends & newest technologies, being a major part in the growth during the estimated period. 

Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which have an effect on the market. This market report discusses the present situation to predicted trends & aspects of the Dietary Supplements market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scale.  Moreover, the popularity of herbal supplements is also expected to drive the market growth in the future. 

Based on product type, the vitamin segment is steadily growing, whereas the fatty acid segment represents the fastest growing supplement segment due to the popularity of omega-3-based Supplements. The growth exhibited by the global dietary supplements market is a result of various factors such as the developing economies and subsequently increasing income of consumers, rising awareness about nutrition, hectic lifestyle, increasing geriatric population, and spread of chronic ailments. With an increase in the aging populations in the high-income economies such as the U.S., the U.K., Germany, and Japan, more and more people are looking for preventive healthcare management, thereby keeping diseases at bay. 

Growing awareness towards the importance of functional foods on account of providing optimal health and reducing the risk of cholesterol diseases is expected to reduce the application scope of Dietary Supplements market. Also, the innovation in terms of introduction of new Nutraceuticals products including yogurt, fresh bread, cereal bars and frozen baked goods is expected to limit the share of dietary counterparts.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”


The growing rate of obesity and increasing number of diseases associated with it primarily drives the growth of the market. Consumers are increasingly becoming aware regarding weight loss, calorie intake, and proper nutrition, thereby supplementing the growth of the market. The increasing need of consumers to lose weight, and stay healthy while maintaining their lifestyles have supported the growth of this market. Other factors driving the market include growing obese population, sedentary lifestyle of consumers leading to lifestyle diseases, increasing disposable income, and growing government initiatives to promote healthy lifestyles. 

With a complete study of the growth opportunities for the companies, APAC will account for the highest dietary supplements market share throughout the forecast period. Due to increasing costs of healthcare, people are turning towards dietary supplements to help them stay healthy. These supplements provide various health benefits such as strengthening the immune system, protection from cold and flu, prevention of migraine headaches, treat of arthritis, rheumatic diseases, allergies, lower cholesterol, triglyceride levels and blood pressure, cardiovascular diseases, and cognitive diseases at lower costs. The growing medical and healthcare systems and the increasing consumer awareness regarding the importance of a healthy living will fuel the growth of the dietary supplements market in APAC.

TOP PLAYERS IN INDUSTRY
  • BASF SE
  • Surya Herbal Ltd.
  • Bio-Botanica Inc.
  • The Himalaya Drug Company.
  • NBTY, Inc.
  • Koninklijke DSM N.V.
  • Amway
  • GlaxoSmithKline
  • Herbalife Ltd.
  • Omega Protein Corporation.
  • Bayer AG.
  • Bionova Lifesciences
  • Naturalife Asia Co., Ltd.
  • Integrated BioPharma, Inc.
  • Nu Skin Enterprises, Inc.

REPORT HIGHLIGHTS
  • Overview of key market forces propelling and restraining market growth
  • Provide consumption, current & past status & also the forecasting up to 2023.
  • Provide complete overview including type, application & forecast region.
  • Provide focused analysis of key manufacturer with their production volume, market share & also help to identify market competition landscape with SWOT analysis.
  • Historical, current and projected market size in terms of volume and value.
  • Analyze the global & regional potential market, advantages, risk & opportunity.
  • Identify significant trends and factors driving or inhibiting market growth.
  • In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting.
THE REPORT COVERS INGREDIENT ANALYSIS ON
  • Botanicals
  • Vitamins
  • Minerals
  • Amino Acids
  • Enzymes
  • Others
THE REPORT COVERS PRODUCT ANALYSIS ON
  • Tablets
  • Capsules
  • Powder
  • Liquids
  • Soft Gels
  • Gel Caps
THE REPORT COVERS APPLICATION ANALYSIS ON
  • Additional Dietary Supplements
  • Medicinal Dietary Supplements
  • Sports Nutrition
THE REPORT COVERS END USERS ANALYSIS ON
  • Infants
  • Children
  • Adults
  • Pregnant Women
  • Old-Aged
THE REPORT COVERS EXHAUSTIVE ANALYSIS ON
  • Market Segments
  • Market Dynamics
  • Brands in Market
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Forecasting
  • Technology
THE REPORT INCLUDES REGIONAL ANALYSIS ON
  • Asia-Pacific (China, India, South Korea, Taiwan & Rest of Asia Pacific Available)  
  • Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available  
  • North America (Canada, US, Mexico, Guatemala & Rest of North America Available)  
  • South America (Paraguay, Bolivia, Peru Argentina & Rest of South America Available)  
  • Middle East & Africa (GCC Countries, South Africa, Ghana, Egypt, North Africa& Rest of MEA Available) 
  • Oceania & Australia
About SPER Market Research:

SPER Market Research is one of the world’s most trusted market research, market intelligence, and consulting companies offering strategic research, custom research, market intelligence solutions, quantitative data collection, qualitative fieldwork, online research panel and consumer research. Headquartered in Noida city, the company has offices worldwide, and provides strategic & consulting services.

SPER Market Research is amongst the top market research company and we have served over 20 industries, with core offerings in Pharmaceutical/Healthcare, Business to Business research (B2B), Nutraceuticals, Food & Beverages, Cosmetic, Dermatology, Dental, Herbal, Chemical, Consumer, Information Technology and other industries.

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