Dietary Supplements Market Size is Forecast to Reach US$ 279.2 Bn by 2030

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The dietary supplements market, in terms of value, is projected to grow at a healthy CAGR of 8.4% from 2021 to 2030. The market was accounted for US$ 141.2 billion in 2020 and is expected to reach a market size of US$ 279.2 Billion by the end of 2030. In this study, 2020 has been considered the base year, and 2021 to 2030 the forecast period for estimating the market size of the market.

The global dietary supplements market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2021 to 2030. The study analyzes and forecasts the market size, in terms of volume (units) and value (USD million), of the market. The report segments the market and forecasts its size, by volume and value, on the basis of Form, Application,  End User, and Regional Outlook.

The report discusses the market for dietary supplements in terms of volume & value. The regions covered in the report are North America, Europe, Asia Pacific and the Rest of the Worlds.

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Dietary supplements refer to the products which comprises dietary ingredients that help in the better ingestion. These supplements are mainly used in order to add the nutrients in to the diets in order to reduce the risks associated with the various health conditions including osteoporosis, chronic ailment or arthritis. Composition of majority of the dietary supplements is depends upon the age of the consumer, however primary motive of these supplements is none other than immunity boosting and improving the overall health of the consumer. Global dietary supplements market is gaining attraction worldwide owing to increased awareness regarding its benefits. Dietary supplements are available in various forms such as liquids, powders, capsules, gels tabs among others.

Report Highlights

Rising health awareness among the individuals across the globe along with, growing focus on the dietary habits due to changing lifestyle are among major factors boosting growth of the global industry. Additionally, increasing number of sport events worldwide is leading to increased demand for the dietary supplements which is intern fuelling growth of the dietary supplements marker worldwide. Moreover, growth in the numbers of gymnasiums is having positive impact on the growth of global industry. For instance, total number of gym members in America was registered 62.5 million in year 2018, the number is increased to 64.2 million in 2019. Further, increased focus on the preventive health management as well as increased spending on healthcare is another factor to boost growth of the global market during the forecast time frame. Population in the leading countries and emerging economies are shifting from curative to preventive management of the health, this is in tern creating huge growth opportunities for the major companies of the global market. Further, increasing collaborations among leading layers in order to increase production capacity and product portfolio are anticipated to augment dietary supplement market growth.

Growth Factors

Rising health awareness among the individuals across the globe along with, growing focus on the dietary habits due to changing lifestyle are among major factors boosting growth of the global industry. Additionally, increasing number of sport events worldwide is leading to increased demand for the dietary supplements which is intern fuelling growth of the dietary supplements marker worldwide. Moreover, growth in the numbers of gymnasiums is having positive impact on the growth of global industry. For instance, total number of gym members in America was registered 62.5 million in year 2018, the number is increased to 64.2 million in 2019. Further, increased focus on the preventive health management as well as increased spending on healthcare is another factor to boost growth of the global market during the forecast time frame. Population in the leading countries and emerging economies are shifting from curative to preventive management of the health, this is in tern creating huge growth opportunities for the major companies of the global market. Further, increasing collaborations among leading layers in order to increase production capacity and product portfolio are anticipated to augment dietary supplement market growth.

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The dietary supplements report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America dominated the global market with a market share of more than 30%. United States represented the highest share in the North America region primarily due to high healthcare spending along with tendency of preventive management of health among the individuals in the North America. Moreover, increasing gymnasiums in the countries including United States and Canada is expected to have positive impact on the industry growth. Asia Pacific is expected to account for the second largest market in the dietary supplement in terms of revenue in 2022. The growth in the Asian countries is attributed to growing awareness among Asian population regarding health benefits of dietary supplements which is boosting growth of the target industry in the countries of Asia Pacific including China, India, Japan, among others. Increasing sports events in the countries of Asia Pacific is another important factor which is demanding huge amount of dietary supplements and in turn boosting growth of the Asia Pacific dietary supplements market in the near future. Growth in the disposable income as well as rapid urbanization is among major factors projected to have optimistic impact on the growth of the target industry in Asian countries.

Key Market Players and Strategies:

The major companies functioning in the worldwide dietary supplements market are Bayer, NBTY Inc, Bionova Lifesciences, Nu Skin Enterprises, Carlyle Group, Pfizer, Arkopharma Laboratoires Pharmaceutiques, Glanbia, Herbalife International, Abbott Laboratories, GlaxoSmithKline, Nature’s Sunshine Forms, Amway, and Archer Daniels Midland among others. Huge investment in the technological development of the dietary supplements along with business related collaborations are the crucial business strategies started by the major players operating in the global dietary supplements market.

Major Market Segments Covered:

By Type

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

By Form

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

By Application

  • General Health
  • Energy & Weight Management
  • Gastrointestinal Health
  • Diabetes
  • Bone & Joint Health
  • Immunity
  • Cardiac Health
  • Anti-cancer
  • Others

By End User

  • Geriatric
  • Adults
  • Children
  • Infants

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Why should you invest in this report?

The company’s expert team has been always monitoring the dietary supplements market for few years, which has assisted them to include actionable insights that can consult the regarded reader with the influence to grow their venture with a high CAGR and gain stellar Return on initial capital investment in the market.

If you are aiming to enter the global dietary supplements market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for dietary supplements are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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