#Dietary Supplements Market share

[ananya5400]

Dietary Supplements Market Overview, Top Manufactures, Size, Growth Analysis, and Forecast – 2028

The global dietary supplements market is projected to grow from USD 167.5 billion in 2023 to USD 239.4 billion in 2028, at a CAGR of 7.4% during the forecast period. The growth in the dietary supplement industry is being driven by several key factors, including the aging population, a shift from pharmaceuticals to nutraceuticals, amino acids, and protein supplements, as preventive healthcare becomes a priority. The rise of personalized nutrition is also playing a significant role in this growth. Consumers are increasingly focusing on self-directed care, motivated by trends in personal health, weight management, and overall well-being. The personal care market has undergone significant changes in recent years, with more consumers turning to weight management and protein supplements to manage lifestyle-related disorders. In many regions, inadequate protein intake has led to a growing demand for amino acids and protein supplements. Additionally, unhealthy eating habits and improper lifestyles have prompted a significant number of consumers to seek weight management supplements to address obesity and overweight issues.

Top Dietary Supplements Companies

Key players in this market include Nestle (Switzerland), Abbott (US), Amway Corp (US), Pfizer Inc. (US), ADM (US), International Flavors Fragrance (US), Otsuka Holdings Co., Ltd (Japan), Glanbia PLC (Ireland), GSK PLC. (UK), Bayer AG (Germany), Herbalife International of America, Inc. (US), Nature's Sunshine Products, Inc (US), Bionova (Canada), ArkoPharma (France), American Health (US), Pure Encapsulation (US), HH Group (Hong Kong), Nu Skin (US), Power Gummies (India), Biomedical Research Laboratories (US), HealthKart (India), NutriScience Corporation (US), Nature's Essentials (US), and Life Extension (US).

Dietary Supplements Market Trends

Growing Consumer Awareness and Focus on Health: There has been an increasing awareness among consumers about the importance of maintaining good health and preventing health issues. This awareness has translated into a growing demand for dietary supplements as people seek convenient ways to complement their diets and address specific health concerns.

Preventive Healthcare and Wellness: Many consumers are shifting their focus from treating illnesses to preventing them. This has led to a rise in the consumption of dietary supplements that claim to support overall wellness, boost immunity, and promote longevity.

Plant-Based and Natural Ingredients: There has been a noticeable trend towards plant-based and natural ingredients in dietary supplements. Consumers are seeking products that align with their preferences for clean labels, sustainability, and a perceived connection to nature.

Personalization and Customization: The one-size-fits-all approach is giving way to personalized and customized solutions. Companies are increasingly offering tailored supplements based on individual health needs, genetic factors, and lifestyle choices.

E-commerce and Direct-to-Consumer Sales: The rise of e-commerce has significantly impacted the distribution of dietary supplements. Many consumers prefer the convenience of online shopping, and this trend is expected to continue. Additionally, some brands have adopted direct-to-consumer models, bypassing traditional retail channels.The sports nutrition function segment is projected to grow at the highest rate during the forecast period. Many sports nutrition supplements available today include multivitamins, branched-chain amino acids (leucine), omega-3 fatty acids, glucosamine, glutamine, beta-alanine, beetroot, and green tea extract, each of which provides different performance benefits. In general, all humans require an adequate amount of macro and micronutrients. However, due to extreme exertion athletes need to monitor their food intake. Sports nutrition supplements provide them with all the required nutrients, which is why this category is projected to grow fastly in the dietary supplements market.

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What factors are driving the rapid growth of the sports nutrition function segment in the market?

Many sports nutrition supplements available today include multivitamins, branched-chain amino acids (leucine), omega-3 fatty acids, glucosamine, glutamine, beta-alanine, beetroot, and green tea extract, each of which provides different performance benefits. In general, all humans require an adequate amount of macro and micronutrients. However, due to extreme exertion athletes need to monitor their food intake. Sports nutrition supplements provide them with all the required nutrients, which is why this category is projected to grow Fastly in the dietary supplements market.

North America dominates the dietary supplements market share.

The North American nutrition and supplements market holds the largest share and is projected to grow further. The region's population has become increasingly health-conscious, incorporating dietary supplements into their daily routines to enhance overall health and manage weight. Due to poor dietary habits, such as a preference for junk and processed foods lacking in nutrients, lifestyle-related disorders like diabetes, obesity, and high blood pressure are prevalent. This has driven the demand for supplements. Additionally, the rise in veganism and the shift towards less processed foods have further fueled the use of dietary supplements to address nutritional gaps. South Africa also presents a promising market for dietary supplements, both in production and consumption, as the region faces widespread malnutrition and other nutritional deficiencies. Together, these factors contribute to the growth of the global dietary supplements market.

[supriyab]

The global dietary supplements market, with a compound annual growth rate of 7.4%, is expected to grow from $167.5 billion in 2023 to $239.4 billion by the end of 2028. 

[downincmi]

Dietary Supplements Market: Key Players' Strategies for Market Dominance

The dietary supplements market has seen tremendous growth over the past few years owing to the rising health consciousness among consumers. Dietary supplements are products meant to supplement the diet. They contain essential nutrients like vitamins, minerals, fatty acids, fibers and amino acids. Dietary supplements provide additional nutrition that may not be consumed through a regular diet. They promote overall health and well-being. Many supplements support hair, skin, bone, heart, brain and digestive health. They are available in capsule, powder, softgel, gel tab and liquid forms for easy ingestion. The Global Dietary Supplements Market is estimated to be valued at US$ 203.43 billion in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031. Key Takeaways

Key players operating in the dietary supplements are Abbott Laboratories, Amway (Nutrilite), DuPont, NBTY Inc., Royal DSM N.V., Glanbia Plc., Bayer AG, GlaxoSmithKline PLC., Herbalife International, and BASF SE. Key players are focusing on new product launches and strategic collaborations to gain a competitive edge in the market. The demand for dietary supplements is growing rapidly owing to increasing health expenditure and disposable income, along with rising chronic disease prevalence globally. Changing lifestyles and busy schedules have encouraged consumers to rely on supplements for daily nutrition. The dietary supplements market is expanding globally owing to rising health awareness in developing regions. Asian and Latin American countries are expected to witness highest growth on account of growing middle class population with greater willingness to spend on health and wellness products. Market Key Trends

One of the key trends in the dietary supplements market is customization. Consumers are looking for customized supplements tailored to their individual needs, preferences, fitness goals and medical conditions. This has prompted supplement brands to offer customized product recommendations and formulations to attract niche consumer segments in the market.

Porter’s Analysis

Threat of new entrants: The dietary supplement market requires a large capital to start production facilities and establish distribution networks. Bargaining power of buyers: Buyers have moderate to high bargaining power as there are many manufacturers of dietary supplements providing substitutable products. Bargaining power of suppliers: The dietary supplement industry has access to a variety of inputs from different suppliers giving them moderate bargaining power. Threat of new substitutes: There is a threat of new substitutes emerging from pharmaceutical or nutraceutical products providing similar health benefits. Competitive rivalry: Being a mature and growing market with a number of large and small players results in high competitive rivalry. Geographical Regions North America currently holds the largest share of the dietary supplements market, valued at around US$ 80 billion in 2024. This is mainly attributed to factors such as increasing health consciousness, growing obesity rates, and promotion of dietary supplements for general well-being by manufacturers in the region. The Asia Pacific region is expected to record the fastest growth during the forecast period. This can be ascribed to rising living standards, growing middle-class population with greater disposable incomes, and shifting lifestyle patterns in densely populated countries such as India and China. Improving distribution networks across developing nations are helping propel the dietary supplements industry expansion in Asia Pacific.

[bishtmeenakshi]

Essential Insights: Navigating the Nutritional Supplements Market

Embark on a journey through the Nutritional and Dietary Supplements Market with essential insights. Navigate the landscape, unraveling the size, share, and dynamic trends of the dietary supplements market. Explore the market's intricacies to gain a comprehensive understanding of its size and influence.

[marketwire]

Dietary Supplements Market size is estimated to reach $239.2 billion by 2027, growing at a CAGR of 8.5% during the forecast period 2022-2027. A dietary supplement is a concentrated supply of important nutrients that are taken from food or produced chemically.

[paullui2002]

Dietary Supplements Market USD 319,085.34 Mn by 2028, says The Insight Partners

The dietary supplements market was valued at US$ 214,165.30 million in 2021 and is projected to reach US$ 319,085.34 million by 2028; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.

Dietary supplements contain various nutrients, such as vitamins, minerals, proteins, amino acids, and probiotics. Many people use these supplements to lead a healthy lifestyle. Dietary supplements are generally available in different forms such as tablets, capsules and softgels, and powders. Rising concern related to health and fitness amongst the people, especially in young population group, is one of the key factors driving the market growth. Moreover, growing traction for sports and recreational activities and rising awareness related to the advantages of consuming dietary supplements are also propelling the growth of the global dietary supplements market

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In 2020, Asia-Pacific held the largest share of the global dietary supplements market and is estimated to register the highest CAGR in the market during the forecast period. Rising inclination toward health and fitness, changing lifestyle, increasing expenditure on healthcare, and rising prevalence of chronic disease in the region are among the crucial factors driving the growth of the market across Asia-Pacific. The presence of major players, such as Amway Corp. and Bayer AG, is expected to boost market growth in the coming years. These companies are constantly trying to meet the rising demand for dietary supplements and are spending significant amounts on research and development to bring new products to the dietary supplement market.

Increasing Healthcare Expenditure

The increasing geriatric population improved medical facilities, rising obesity cases, and the surging number of insured people has resulted in an upswing in healthcare expenditure. According to a study conducted by the United Nations, the number of elderly people is expected to increase to 1.5 billion by 2050. Globally, the proportion of individuals aged 65 and above climbed from 6% in 1990 to 9% in 2019. In 2019, 703 million people were aged 65 and above across the world. Healthcare expenses are increasing at a rate of around 4.5% every year, according to a study conducted by the United Nations. The healthcare spending in the US climbed by 4.6% in 2019 to US$3.8 trillion, or US$11,582 per person. Thus, a significant rise in healthcare expenditure has enforced people to look for health supplements to keep themselves fit and fine, creating new opportunities for the global dietary supplements market.

Type Insights

Based on type, the dietary supplements market is segmented into vitamins, minerals, proteins and amino acids, probiotics, blends, and others. In 2020, the vitamins segment accounted for the largest revenue share of the global dietary supplements market, whereas the probiotics segment is expected to register the highest CAGR in the dietary supplements market during the forecast period. Vitamins play an essential role in the development and appropriate functioning of the body. The rising importance of vitamin supplements amongst people to fulfil daily nutritional requirements is propelling the market growth for the segment. Moreover, rising vitamin deficiency leading to severe health issues, such as hair loss, muscle weakness, brittle nails, skin problems, and anaemia is driving the demand for vitamin supplements.

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Anona GmbH; Abbott; Amway Corp.; Bayer AG; Arkopharma; Bionova; Pfizer Inc.; Otsuka Holdings Co., Ltd.; GlaxoSmithKline plc.; and The Bountiful Company are among the key players operating in the dietary supplements market. These players are adopting product innovation and new product development strategies to acquire potential consumer groups across the world.

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[expertmarketresearchreport]

Saudi Arabia Dietary Supplements Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2024-2032

The Saudi Arabia dietary supplements market size was valued at USD 289.8 million in 2023, driven by increasing prevalence lifestyle disorders due to urbanisation and sedentary lifestyle across the globe. The market size is anticipated to grow at a CAGR of 9.6% during the forecast period of 2024-2032 to achieve a value of USD 658.9  million by 2032. Saudi Arabia Dietary Supplements Market: Competitor Landscape

 Bayer Saudi Arabia, LLC • Procter & Gamble Company (Abudawood Group) • Abbott Saudi Arabia Trading LLC • Pfizer Saudi Limited • Nestlé S.A. (Al Muhaidib Group) • Applied Nutrition Ltd. (AmCan International Group, Inc) Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/saudi-arabia-dietary-supplements-market

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https://carbonfacesocial.org/blogs/53015/Nutrition-or-Dietary-Supplements-Market-Share-Overview-Competitive-Analysis-and

The Nutrition or Dietary Supplements Market in 2023 is US$ 179.01 billion, and is expected to reach US$ 362.49 billion by 2031 at a CAGR of 9.20%.

[ananya5400]

The research insight on the dietary supplements market highlights emerging trends & global future forecasts. Know the future scenario, forecast, and current trends in dietary supplements.

[supriyab]

Dietary Supplements Market Outlook, Trend Analysis, Current Growth, Future Scope, and Global Forecast 2023-2028

The dietary supplements industry is projected to reach USD 239.4 billion by 2028 from USD 167.5 billion by 2023, at a CAGR of 7.4% during the forecast period in terms of value. The demand for dietary supplements is driven by increasing consumer awareness of health and wellness, preventive healthcare, the aging population, and rising chronic diseases. The convenience of online purchasing and product availability further fuel market growth. For instance, in the United States, dietary supplement consumption is high due to a health-conscious population, a proactive approach to wellness, and a robust regulatory framework ensuring safety and quality standards.

Emerging trends in the global Dietary Supplements Market are:

Plant-Based Supplements

Personalized Nutrition

Clean Label and Transparency

Immune Health

Beauty Supplements

Digital Marketing and E-Commerce

CBD and Hemp-Based Supplements

Sports Nutrition and Performance

Regulatory Compliance and Quality Assurance

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The sports nutrition function segment is projected to grow at the highest rate during the forecast period.

Many sports nutrition supplements on the market today contain a variety of beneficial ingredients such as multivitamins, branched-chain amino acids (like leucine), omega-3 fatty acids, glucosamine, glutamine, beta-alanine, beetroot, and green tea extract. Each of these components offers distinct performance advantages. While everyone needs a sufficient intake of macro and micronutrients, athletes must pay particular attention to their diets due to the intense physical demands they face. Sports nutrition supplements help fulfill these nutritional requirements, contributing to the rapid growth of this segment in the dietary supplements market.

Based on Mode of Application, Soft gel segments is projected to grow at the fastest rate during the forecast period.

Soft gels are increasingly popular in the dietary supplements market due to their ease of consumption, particularly for individuals with swallowing difficulties. Their gel-like texture and smooth, easy-to-swallow nature make them a favored option. Additionally, soft gels enhance bioavailability through advanced formulations that improve nutrient absorption. They can be tailored to include a wide variety of ingredients, offering flexibility for specialized products. Their visually appealing, professional appearance, and ability to mask unpleasant tastes and odors further contribute to their popularity. Moreover, the gelatin-based shell of soft gels helps extend the shelf life of the enclosed ingredients. These factors collectively drive the growth of soft gels in the dietary supplements market.

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The elderly age group hold a significant share in the dietary supplements market by target consumer during the forecast period

As the population ages, there is a growing need to address the specific nutritional requirements of older adults. Aging individuals often need extra support to combat nutritional deficiencies and age-related health issues. Dietary supplements offer a convenient and targeted way to meet these needs, providing essential vitamins, minerals, and nutrients. The elderly population commonly seeks supplements to support joint health, cognitive function, cardiovascular health, bone strength, and immune system performance. In response, manufacturers are creating specialized formulations to meet the unique demands of older adults. Consequently, the dietary supplements market is projected to see substantial growth in this segment.

Top Companies in the Dietary Supplements Market

Nestle (Switzerland)

Abbott (US)

Amway Corp (US)

Pfizer Inc. (US)

ADM (US)

International Flavors & Fragrance (US)

Otsuka Holdings Co., Ltd (Tokyo)

Glanbia PLC (Ireland)

GSK PLC (UK)

[pravalika]

Nutraceutical Ingredients Market - Forecast (2023 - 2028)

[neha24blog]

Europe Dietary Supplements Market Segment Analysis By Ingredient, Form, Application, End User, Type, Distribution Channel, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 31 July 2023: The Report Europe Dietary Supplements Market Size, Share & Trends Analysis Report By Ingredient (Vitamins, Minerals), By Type (OTC, Prescribed), By End-user, By Form, By Application, By Distribution Channel And Segment Forecasts, 2023 – 2030 The Europe dietary supplements market is anticipated to reach USD 65.44 billion by 2030, growing at a CAGR of 7.0% from 2023 to…

[bishtmeenakshi]

Worldwide Wellness: The Probiotics Market Adventure

Embark on a global wellness journey with insights into the booming Global Probiotics Market. Uncover the Nutritional and Dietary Supplements Market trends, sizes, and shares in the , shaping a healthier future.

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Liquid Dietary Supplements Market Share, Size, Trends, Demand, Opportunities and Statistics 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Liquid Dietary Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global liquid dietary supplements market share, size, trends, and growth forecasts. The report also includes competitor and…