Dietary Supplements Market Scope & Overview
The size of the Dietary Supplements Market was estimated at USD 164.81 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030, reaching USD 316.53 billion by 2030.
In recent years, the Dietary Supplements Market has witnessed significant growth, and this trend is expected to continue in the coming years. The increasing awareness among consumers regarding the importance of maintaining a healthy lifestyle and the rising prevalence of chronic diseases have been key factors driving the demand for dietary supplements.
Furthermore, the growing aging population and the rising disposable income levels have also contributed to the market's growth. As individuals strive to improve their overall well-being and prevent health issues, the demand for dietary supplements has surged.
The market is characterized by a wide range of products, including vitamins, minerals, herbal supplements, and sports nutrition. Among these, vitamins and minerals hold a significant share in the market, owing to their essential role in maintaining optimal health.
Geographically, North America dominates the Dietary Supplements Market, followed by Europe and the Asia Pacific region. The presence of a large number of health-conscious individuals, coupled with the availability of a wide range of dietary supplements, has contributed to the market's growth in these regions.
However, the market also faces certain challenges. The lack of stringent regulations and quality control measures in some regions has raised concerns about the safety and efficacy of dietary supplements. Additionally, the presence of counterfeit products in the market poses a threat to consumer health and trust.
To overcome these challenges, industry players are focusing on research and development activities to introduce innovative and safe dietary supplements. Moreover, collaborations with regulatory bodies and healthcare professionals are being established to ensure compliance with quality standards and provide accurate information to consumers.
In conclusion, the Dietary Supplements Market is poised for substantial growth in the coming years. With increasing consumer awareness, rising disposable incomes, and a growing aging population, the demand for dietary supplements is expected to continue to rise, making it a lucrative market for industry players to capitalize on.
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Major Key Players Included are:
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 Segmentation & Sub-segmentation included are:
By Ingredient:
l Vitamins
l Botanicals
l Minerals
l Proteins & Amino Acids
l Fibers & Specialty Carbohydrates
l Omega Fatty Acids
By Form:
l Tablets
l Capsules
l Soft gels
l Powders
l Gummies
l Liquids
By Application:
l Energy & Weight Management
l General Health
l Bone & Joint Health
l Gastrointestinal Health
l Immunity
l Cardiac Health
l Diabetes
l Anti-cancer
l Lungs Detox/Cleanse
l Skin/Hair/Nails
l Sexual Health
l Brain/Mental Health
l Insomnia
l Menopause
l Anti-aging
l Prenatal Health
By End-user:
l Adults
l Geriatric
l Pregnant Women
l Children
l Infants
By Type:
l OTC
l Prescribed
By Distribution Channel:
l Offline
Ø Hypermarkets/Supermarkets
Ø Pharmacies
Ø Specialty Stores
Ø Practioner
l Online
Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1.COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter’s 5 Forces Model
7.PEST Analysis
8.Dietary supplement Market Segmentation, based on Ingredient
9.Dietary supplement Market Segmentation, based on Form
10.Dietary supplement Market Segmentation, based on Application
11.Dietary supplement Market Segmentation, based on End-user
12.Dietary supplement Market Segmentation, based on Type
13.Dietary supplement Market Segmentation, based on Distribution Channel
14.Regional Analysis
15. Company Profiles
16.Competitive Landscape
17.Conclusion
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