July 20, 2024

Dietary Supplements Market Size is Projected to Hit US$ 317.04 Billion by 2030

The global dietary supplements market size is predicted to hit around US$ 317.04 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.

In 2022, the dietary supplements market study provides crucial information on market share, market size, growth rate analysis Y-O-Y, production, consumption, and sales analysis for the forecast period 2021 to 2030. The report contains 150+ pages with detailed analysis.

Dietary supplements are defined as products that contain at least one dietary ingredient within them and can be consumed orally. 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.

Growth Factors

Technological advancements and increased investment in research & development of nutraceuticals and supplement products are expected to boost the market growth in the upcoming years. 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.

Report Scope of the Dietary Supplements Market

Report HighlightsDetails
Market SizeUS$ 317.04 Billion by 2030
Growth RateCAGR of 8.4% From 2022 to 2030
Base Year2021
Historic Data2017 to 2021
Forecast Period2022 to 2030
Segments CoveredType, Form, Application, End User
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

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 Players:

The dietary supplements market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the dietary supplements market include:

  • 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
  • Archer Daniels Midland

Market Segmentation

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

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)

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Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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