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Dietary Supplements Market

Dietary Supplements Market Size, Share & Segmentation by Ingredient (Vitamins, Minerals), by Form, by Application, by End User, by Distribution Channel by Regions and Global Market Forecast 2022 - 2028

Report Id: SNS/F&B/1354 | May 2022 | Region: Global | 120 Pages

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.

Dietary supplements Market Revenue Graph

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.

Market Dynamics:

Driving factor:

  • Change in shopper inclination because of expansion in the center around wellbeing and anticipation.

Restraining factor:

  • The significant expense of dietary supplements.

Opportunities:

  • Shift towards plant-based Supplements.

Challenges:

  • 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:

By Ingredient:

  • Vitamins
  • Botanicals
  • Minerals
  • Proteins & Amino Acids
  • Fibers & Specialty Carbohydrates
  • Omega Fatty Acids

By Form:

  • Tablets
  • Capsules
  • Soft gels
  • Powders
  • Gummies
  • Liquids

By Application:

  • Energy & Weight Management

  • General Health

  • Bone & Joint Health

  • Gastrointestinal Health

  • Immunity

  • Cardiac Health

  • Diabetes

  • Anti-cancer

  • Lungs Detox/Cleanse

  • Skin/Hair/Nails

  • Sexual Health

  • Brain/Mental Health

  • Insomnia

  • Menopause

  • Anti-aging

  • Prenatal Health

By End-user:

  • Adults

  • Geriatric

  • Pregnant Women

  • Children

  • Infants

By Type:

  • OTC

  • Prescribed

By Distribution Channel:

  • Offline

    • Hypermarkets/Supermarkets

    • Pharmacies

    • Specialty Stores

    • Practioner

  • Online

Dietary Supplements Market Segment Chart

Regional Coverage:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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           

Regional Analysis:

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.

Key Players:

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.

Dietary supplements Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 151.9 Billion
Market Size by 2028 US$ 268.8 Billion
CAGR CAGR 8.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

8.1 Vitamins

8.2 Botanicals

8.3 Minerals

8.4 Proteins & Amino Acids

8.5 Fibers & Specialty Carbohydrates

8.6 Omega Fatty Acids

 

9. Dietary supplement Market Segmentation, based on Form

9.1 Tablets

9.2 Capsules

9.3 Soft gels

9.4 Powders

9.5 Gummies

9.6 Liquids

 

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

10.5 Immunity

10.6 Cardiac Health

10.7 Diabetes

10.8 Anti-cancer

10.9 Lungs Detox/Cleanse

10.10 Skin/Hair/Nails

10.10 Sexual Health

10.12 Brain/Mental Health

10.11 Insomnia

10.14 Menopause

10.15 Anti-aging

10.16 rental Health

 

11. Dietary supplement Market Segmentation, based on End-user

11.1 Adults

11.2 Geriatric

11.3 Pregnant Women

11.4 Children

11.5 Infants

 

12. Dietary supplement Market Segmentation, based on Type

12.1 OTC

12.2 Prescribed

 

13. Dietary supplement Market Segmentation, based on Distribution Channel

13.1 Offline

13.1.1 Hypermarkets/Supermarkets

13.1.2 Pharmacies

13.1.3 Specialty Stores

13.1.4 Practioner

13.2 Online

 

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2  Canada

14.2.3  Mexico

14.3 Europe

14.3.1  Germany

14.3.2  UK

14.3.3  France

14.3.4  Italy

14.3.5  Spain

14.3.6  The Netherlands

14.3.7  Rest of Europe

14.4 Asia-Pacific

14.4.1  Japan

14.4.2  South Korea

14.4.3  China

14.4.4  India

14.4.5  Australia

14.4.6  Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1  Israel

14.5.2  UAE

14.5.3  South Africa

14.5.4  Rest

14.6 Latin America

14.6.1  Brazil

14.6.2  Argentina

14.6.3  Rest of Latin America

 

15. Company Profiles

15.1 Amway Corp.

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 Glanbia PLC

15.3 Abbott

15.4 Bayer AG

15.5 Pfizer Inc.

15.6 ADM

15.7 Nu Skin Enterprises, Inc.

15.8 GlaxoSmithKline plc

15.9 Bionova, Ayanda

15.10 Arkopharma

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

 

17. Conclusion

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Secondary Research

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