Report Scope & Overview:
The Dietary supplements Market size was esteemed at USD 151.9 billion out of 2021 and is supposed to extend at an accumulated yearly development rate (CAGR) of 8.5% from 2022 to 2028 and reach USD 268.8 Billion by 2028.
Dietary supplements are substances that help buyers in driving a sound way of life by giving fundamental supplements and by bringing down dangers of medical issues like joint inflammation or osteoporosis. Famous dietary supplements contain strands, minerals, for example, iron spices like garlic and echinacea, amino acids, compounds, and nutrients like vitamin D and B12, and are accessible in various structures like tablets, pills, powders, cases, concentrates, and fluids.
Expanding mindfulness among buyers concerning individual wellbeing and health is supposed to drive the development of the dietary supplements market during the conjecture time frame Dietary supplements can be taken at explicit spans and can be remembered for dinners to enhance day-to-day nourishing prerequisites of the body.
Change in shopper inclination because of expansion in the center around wellbeing and anticipation.
The significant expense of dietary supplements.
Shift towards plant-based Supplements.
The absence of confidence in nutraceuticals' medical advantages, the significant expense of nutraceuticals, and shoppers' absence of information about nutraceuticals.
Impact of Covid-19:
With the abrupt effect of COVID-19, the market has seen a flood of sought items that give stomach-related and safe well-being, which emphatically affected the market. Subsequently, the deals of supplements like protein, nutrients, omega-3 unsaturated fats, and others saw gigantic development. Thus, it prompted various item dispatches to take care of the developing interest. Besides, to satisfy the flooding request along with keeping up with well-being standards, the producers have been zeroing in on expanding their deals by empowering their clients to shop online all things being equal.
Key Market Segments:
Energy & Weight Management
Bone & Joint Health
By Distribution Channel:
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
North America overwhelmed the market for dietary supplements and represented the biggest income portion of 34.8% in 2021. It is projected to observe a CAGR of 5.6% over the gauge period by the developing utilization of items with high dietary benefits and low calory content. Moreover, expanding mindfulness about the utilization of supplement items in Mexico because of new item dispatches is supposed to drive the interest for dietary supplements over the estimated time frame. In the Asia Pacific, the market is supposed to observe higher-income development over the gauge time frame.
The district is supposed to be the biggest market for dietary supplements by 2030 attributable to the developing customer base in the nations including India, China, South Korea, and others. Expanding the use of well-being improving items in the locale attributable to developing per capita pay and expanding mindfulness is supposed to drive the interest for dietary supplements over the conjecture time frame. The European district represented a huge income share in 2021 and is supposed to develop at 6.9% over the estimated period. Higher buyer mindfulness and higher per-capita discretionary cash flow in created nations like France, Germany, and the U.K. are supposed to drive the market over the estimated time frame.
Amway Corp., Glanbia PLC, Abbott, Bayer AG, Pfizer Inc., ADM, Nu Skin Enterprises, Inc., GlaxoSmithKline plc, Bionova, Ayanda, Arkopharma, Herbalife International of America, Inc., Nature’s Sunshine Products, Inc.
|Market Size in 2021||US$ 151.9 Billion|
|Market Size by 2028||US$ 268.8 Billion|
|CAGR||CAGR 8.5% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Ingredient (Vitamins, Minerals)
• by Form
• by Application
• by End User
• by Distribution Channel by Regio
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Amway Corp., Glanbia PLC, Abbott, Bayer AG, Pfizer Inc., ADM, Nu Skin Enterprises, Inc., GlaxoSmithKline plc, Bionova, Ayanda, Arkopharma, Herbalife International of America, Inc., Nature’s Sunshine Products, Inc.|
|Key Drivers||•Change in shopper inclination because of expansion in the center around wellbeing and anticipation.|
|Restraints||•The significant expense of dietary supplements.|
Frequently Asked Questions (FAQ) :
Dietary Supplements Market expected to reach USD 290.02 billion by 2028
North America is expected to be the largest market. This is due to the fact that food and nutritional supplements are widely used in the United States and Canada.
The market is divided into two segments and the segments are By Product Type and By Distribution Channel.
key drivers of the Dietary Supplements Market are Consumer preferences have shifted as a result of a greater emphasis on health, and Ingredients that are organic, safe, and clearly labeled
The challenges faced by Dietary Supplements Market is Nutraceuticals items are related to consumer distrust and fraudulent supplements, and a Lack of awareness about product in a rural area.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Dietary supplement Market Segmentation, based on Ingredient
8.4 Proteins & Amino Acids
8.5 Fibers & Specialty Carbohydrates
8.6 Omega Fatty Acids
9. Dietary supplement Market Segmentation, based on Form
9.3 Soft gels
10. Dietary supplement Market Segmentation, based on Application
10.1 Energy & Weight Management
10.2 General Health
10.3 Bone & Joint Health
10.4 Gastrointestinal Health
10.6 Cardiac Health
10.9 Lungs Detox/Cleanse
10.10 Sexual Health
10.12 Brain/Mental Health
10.16 rental Health
11. Dietary supplement Market Segmentation, based on End-user
11.3 Pregnant Women
12. Dietary supplement Market Segmentation, based on Type
13. Dietary supplement Market Segmentation, based on Distribution Channel
13.1.3 Specialty Stores
14. Regional Analysis
14.2 North America
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4.2 South Korea
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.3 South Africa
14.6 Latin America
14.6.3 Rest of Latin America
15. Company Profiles
15.1 Amway Corp.
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.2 Glanbia PLC
15.4 Bayer AG
15.5 Pfizer Inc.
15.7 Nu Skin Enterprises, Inc.
15.8 GlaxoSmithKline plc
15.9 Bionova, Ayanda
15.11 Herbalife International of America, Inc.
15.12 Nature’s Sunshine Products, Inc.
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share analysis
16.3 Recent Developments
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