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Nutritional Supplements Market to Garner Growth 7.1% by 2030

According to Precedence Research, the global nutritional supplements market size is forecasted to reach US$ 624.7 billion by 2030 from US$ 335.24 billion in 2021, by growing at a lucrative CAGR of 7.1% between 2021 and 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

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Nutritional supplements are used to treat the deficiency of essential nutrients in the body such as vitamins, minerals, fibers, omega-3, and proteins. The busy and hectic lifestyle of people results in unhealthy food habits and lack of maintenance of proper diet. Therefore, people opt for nutritional supplements in order to fulfil their daily nutritional needs.

The growing burden of diseases, rising prevalence of obesity and overweight and sedentary lifestyle of the population is increasing fostering the adoption of nutritional supplements among the consumers across the globe. The development of the immune system highly depends on the stomach, hence dietary supplements are necessary for the development of strong immune system. A strong immune system helps to prevents diseases and fosters the recovery from any illness.

Crucial factors accountable for market growth are:

  • Rising health consciousness
  • Increasing consumer expenditure on health and wellness
  • Rising burden of malnutrition
  • Demand for a healthy and active lifestyle
  • Rising participation of youth in sports and fitness activities
  • Busy and hectic schedules of the consumers
  • Rising number of working population
  • Growing demand for functional foods
  • Increasing government initiatives to eliminate malnutrition among children

Scope of the Nutritional Supplements Market Report

Report Highlights Details
Market Size USD 624.7 Billion by 2030
Growth Rate CAGR of 7.1% From 2022 to 2030
Largest Market Asia Pacific
Fastest Growing Market Latin America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Form, Product, Age Group, Distribution Channel, Region

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global nutritional supplements market are listed as below:

  • Abbott Nutrition
  • Amway
  • Nestle
  • Glanbia Plc
  • Herbalife International of America
  • Archer Daniels Midland
  • GlaxoSmithKline
  • Nature’s Bounty Co.
  • Arkopharma Laboratories Pharmaceutiques
  • DuPont
  • American Health, Inc.
  • Pfizer, Inc.
  • Stepan Company

Market Dynamics

Drivers – The global nutritional supplements market is majorly driven by the growing nutritional consumption needs of the consumers. In today’s time, maintaining a proper diet has become a luxury. Most of the people busy working and this results in lack proper intake of nutritional diet. Therefore, the adoption of nutritional diet is on its rise among the global population owing to the ease and convenience along with the nutritional benefits offered by the various forms of nutritional supplements.

Restraints – The high costs of the nutritional supplements is the major issue that may restrict the adoption of nutritional supplements among the low income consumers and may hamper the market growth in the underdeveloped economies during the forecast period.

Opportunities – The demand for the dietary supplements is increasing among the millennials owing to its immunity boosting properties. Further nootropics is gaining traction. Nootropics is a class of compounds that helps in maintaining brain health and its smooth functioning. It is anticipated that in the upcoming years, demand for those nutritional supplement will rise that helps maintaining the brain health.

Challenges – The nutritional supplements industry faces the difficulties of government approval. The respective authorities imposes strict regulations for the nutritional supplements to be marketed. This is a major challenge faced by the industry.

Report Highlights

  • By form, the capsules segment is expected to be the fastest growing due to its easy availability and convenience. The advanced multi-layered capsules perfectly and instantly helps to fulfil the nutrients deficiency. Therefore, the consumption of multivitamins is increasing among the consumers, thereby fostering the segment growth.
  • By product type, the dietary supplements is expected to witness highest growth rate owing to the rising demand for the dietary fibers among the global population. The increased health consciousness among the population have led to the increased awareness regarding the development of a strong immune system.
  • By age group, the adults is the dominating segment and is estimated to retain its position during the forecast period. Increasing participation in sports, increasing participation in fitness centers, rising disposable income, rising number of working population, and increased health awareness among the young adults is fostering the growth of this segment.
  • By distribution channel, the e-commerce segment is estimated to be the most opportunistic segment. The rising penetration of internet and growing popularity of e-commerce platforms is boosting the market. Further, the rapid growth of several online pharmacies is positively impacting the segment growth.

Regional Snapshots

Asia Pacific was the dominating nutritional supplements market in 2020. Asia Pacific is the home to around 60% of the global population. The rising prevalence of malnutrition among kids, obesity, underweight, and overweight issues among the adults are the various factors propelling the growth of the nutritional supplements market. The high number of young population in Asia Pacific are increasingly participating in various sports and athletic activities. Further, the rising popularity of gyms and fitness centers is fueling the demand for the sports nutrition supplements across the Asia Pacific countries. Further, the nations like India, China, and Philippines are becoming the manufacturing hub for the nutritional supplements. Key market players are investing heavily in the region for the research activities and setting up manufacturing plants owing to the easy availability of raw materials and cheap labor.

On the other hand, Latin America is expected to show the highest growth rate during the forecast period. Rising health awareness and increasing consumer expenditure on health and wellness products is the major driving force of the nutritional supplements market in the region.

North America was the second largest market for the nutritional supplements in 2020 and is expected to sustain its significance throughout the forecast period. This is attributed to the increased disposable income, increased health awareness of the consumers, sedentary life style of the consumers, and unhealthy food habits of people.

Segments Covered in the Report

By Form

  • Powder
  • Tablets
  • Capsules
  • Liquid
  • Soft gels
  • Others

By Product Type

  • Sports Nutrition
  • Dietary Supplements
  • Fat Burner
  • Functional Food
  • Others

By Age Group

  • Kids
  • Adults
  • Geriatric

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Pharmacies
  • E-commerce
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Nutritional Supplements Market 

5.1. COVID-19 Landscape: Nutritional Supplements Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Nutritional Supplements Market, By Form

8.1. Nutritional Supplements Market, by Form Type, 2021-2030

8.1.1. Powder

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Tablets

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Capsules

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Liquid

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Soft gels

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Others

8.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Nutritional Supplements Market, By Product

9.1. Nutritional Supplements Market, by Product, 2021-2030

9.1.1. Sports Nutrition

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Dietary Supplements

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Fat Burner

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Functional Food

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Nutritional Supplements Market, By Age Group 

10.1. Nutritional Supplements Market, by Age Group, 2021-2030

10.1.1. Kids

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Adults

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Geriatric

10.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Nutritional Supplements Market, By Distribution Channel 

11.1. Nutritional Supplements Market, by Distribution Channel, 2021-2030

11.1.1. Supermarkets/Hypermarkets

11.1.1.1. Market Revenue and Forecast (2019-2030)

11.1.2. Specialty Stores

11.1.2.1. Market Revenue and Forecast (2019-2030)

11.1.3. Pharmacies

11.1.3.1. Market Revenue and Forecast (2019-2030)

11.1.4. E-commerce

11.1.4.1. Market Revenue and Forecast (2019-2030)

11.1.5. Others

11.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 12. Global Nutritional Supplements Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Form (2019-2030)

12.1.2. Market Revenue and Forecast, by Product (2019-2030)

12.1.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.1.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Form (2019-2030)

12.1.5.2. Market Revenue and Forecast, by Product (2019-2030)

12.1.5.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.1.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Form (2019-2030)

12.1.6.2. Market Revenue and Forecast, by Product (2019-2030)

12.1.6.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.1.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Form (2019-2030)

12.2.2. Market Revenue and Forecast, by Product (2019-2030)

12.2.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.2.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Form (2019-2030)

12.2.5.2. Market Revenue and Forecast, by Product (2019-2030)

12.2.5.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.2.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Form (2019-2030)

12.2.6.2. Market Revenue and Forecast, by Product (2019-2030)

12.2.6.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.2.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Form (2019-2030)

12.2.7.2. Market Revenue and Forecast, by Product (2019-2030)

12.2.7.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.2.7.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Form (2019-2030)

12.2.8.2. Market Revenue and Forecast, by Product (2019-2030)

12.2.8.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.2.8.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Form (2019-2030)

12.3.2. Market Revenue and Forecast, by Product (2019-2030)

12.3.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.3.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Form (2019-2030)

12.3.5.2. Market Revenue and Forecast, by Product (2019-2030)

12.3.5.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.3.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Form (2019-2030)

12.3.6.2. Market Revenue and Forecast, by Product (2019-2030)

12.3.6.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.3.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Form (2019-2030)

12.3.7.2. Market Revenue and Forecast, by Product (2019-2030)

12.3.7.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.3.7.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Form (2019-2030)

12.3.8.2. Market Revenue and Forecast, by Product (2019-2030)

12.3.8.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.3.8.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Form (2019-2030)

12.4.2. Market Revenue and Forecast, by Product (2019-2030)

12.4.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.4.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Form (2019-2030)

12.4.5.2. Market Revenue and Forecast, by Product (2019-2030)

12.4.5.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.4.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Form (2019-2030)

12.4.6.2. Market Revenue and Forecast, by Product (2019-2030)

12.4.6.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.4.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Form (2019-2030)

12.4.7.2. Market Revenue and Forecast, by Product (2019-2030)

12.4.7.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.4.7.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Form (2019-2030)

12.4.8.2. Market Revenue and Forecast, by Product (2019-2030)

12.4.8.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.4.8.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Form (2019-2030)

12.5.2. Market Revenue and Forecast, by Product (2019-2030)

12.5.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Form (2019-2030)

12.5.5.2. Market Revenue and Forecast, by Product (2019-2030)

12.5.5.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.5.5.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Form (2019-2030)

12.5.6.2. Market Revenue and Forecast, by Product (2019-2030)

12.5.6.3. Market Revenue and Forecast, by Age Group (2019-2030)

12.5.6.4. Market Revenue and Forecast, by Distribution Channel (2019-2030)

Chapter 13. Company Profiles

13.1. Abbott Nutrition

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Amway

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Nestle

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Glanbia Plc

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Herbalife International of America

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Archer Daniels Midland

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. GlaxoSmithKline

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Nature’s Bounty Co.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Arkopharma Laboratories Pharmaceutiques

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. DuPont

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

13.11. American Health, Inc.

13.11.1. Company Overview

13.11.2. Product Offerings

13.11.3. Financial Performance

13.11.4. Recent Initiatives

13.12. Pfizer, Inc.

13.12.1. Company Overview

13.12.2. Product Offerings

13.12.3. Financial Performance

13.12.4. Recent Initiatives

13.13. Stepan Company

13.13.1. Company Overview

13.13.2. Product Offerings

13.13.3. Financial Performance

13.13.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global nutritional supplements market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for nutritional 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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