The global dietary supplements market is expected to grow from US$ 163 billion in 2022 to US$ 351 billion by 2032.
A growth rate of 8% is projected throughout the duration of the forecast period. The aging population, the adoption of a healthy diet, and the general increase in health consciousness are all driving forces behind the market’s growth.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=7172
There has been a discernible change in consumer behavior in recent years toward placing a higher priority on health and wellness. The market for dietary supplements is expanding significantly as a result of this trend, as more people look to supplements to improve their general health and address particular health issues. As consumers seek optimal nutrition and prioritize preventative health measures, they are increasingly resorting to dietary supplements as a practical and efficient means of achieving their health objectives.
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
The companies in the worldwide dietary supplement market employ a range of strategies to increase their market share. Acquisition, joint ventures, and cooperation rank among the most often used strategies. Vendors also spend a significant sum of money on R&D for their products in order to keep their dominant position in the global market.
In March 2021, Zomato unveiled its own range of functional meals, which will soon include dietary supplements.
Prorganiq, a well-known producer of organic and natural supplements, stated that their “24-in-1 Mega Superfoods” will go on sale in September 2020. The recipe for the new product sounds interesting; it contains twenty-four different types of green fruits, vegetables, and herbs. 24-in-1 Mega Superfoods is a plant-based dietary supplement that is free of gluten.
Changing Health Landscape
A greater understanding of the value of preventative healthcare, an aging population, and the rising incidence of chronic diseases are all driving changes in the worldwide landscape of health and wellness. The role that dietary supplements can play in boosting general health and vitality is becoming increasingly apparent as people make an effort to live healthier lifestyles and take proactive measures to maintain their well-being.
𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝:
- Amway Corp.
- Glanbia Plc.
- Abbott Nutrition
- Bayer AG
- Pfizer Inc.
- ADM
- Nu Skin Enterprises Inc.
- GlaxoSmithKline Plc.
- Bionova
- Ayanda
- Arkopharma
- Herbalife International of America Inc.
- Nature’s Sunshine Products Inc.
Addressing Nutritional Gaps
The understanding that the typical diet contains nutritional gaps is one of the main factors driving the increased demand for dietary supplements. Many people find it difficult to achieve their daily nutritional needs despite their best attempts to eat a balanced diet because of things like busy schedules, dietary restrictions, and food preferences. Dietary supplements, which supply vital vitamins, minerals, and other nutrients that the diet could be deficient in, provide a practical way to fill in these gaps.
Targeted Health Benefits
Dietary supplements are increasingly being used to target certain health issues and improve different facets of health and wellness, in addition to meeting fundamental nutritional needs. Dietary supplements are available to target a wide range of health needs, from immune support and bone health to cognitive function and athletic performance. Supplements made with certain ingredients and customized to fit each person’s needs, interests, and lifestyle are becoming more and more popular among consumers.
Expansion of Product Offerings
The market is already overflowing with products that range from conventional vitamins and minerals to probiotics, herbal supplements, and customized formulations in response to the rising demand for dietary supplements. In an increasingly competitive industry, manufacturers are pursuing innovation by introducing novel ingredients, delivery methods, and packaging designs that cater to a wide range of consumers. Increased competition and innovation are being generated by this increase of product offers, which will eventually benefit customers by giving them more options and higher-quality goods.
𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/dietary-supplements-market
Regulatory Considerations and Quality Assurance
The market for nutritional supplements is expanding, and with it, the importance of regulatory control and quality assurance methods. Stricter guidelines and quality requirements are being implemented globally by regulatory bodies to guarantee the integrity, safety, and effectiveness of dietary supplements. To engender faith in their products and preserve customer confidence, manufacturers are investing in thorough testing, quality control procedures, and regulatory compliance.
Key Segments Of Dietary Supplements Market :
-
- Vitamins
- Botanicals
- Minerals
- Proteins & Amino Acids
- Fibers & Specialty Carbohydrates
- Omega Fatty Acids
- Others
- By Form :
- Tablets
- Capsules
- Supplements
- Powders
- Gummies
- Liquids
- Other Dietary Supplement Forms
- By Application :
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Immunity
- Cardiac Health
- Diabetes
- Anti-Cancer Applications
- Lungs Detox/Cleanse
- Skin/Hair/Nails
- Sexual Health
- Brain/Mental Health
- Insomnia
- Menopause
- Anti-Aging
- Prenatal Health
- Other Applications
- By End User :
- Adult Dietary Supplements
- Geriatric Dietary Supplements
- Dietary Supplements for Pregnant Women
- Dietary Supplements for Children
- Dietary Supplements for Infants
- By Type :
- OTC Dietary Supplements
- Prescribed Dietary Supplements
- By Distribution Channel :
- Offline Dietary Supplements Sales
- Hypermarkets/Supermarkets
- Pharmacies
- Specialty Stores
- Practitioners
- Others
- Online Dietary Supplements Sales
- Offline Dietary Supplements Sales
In conclusion, consumers are prioritizing preventative health measures and looking for easy ways to enhance their well-being, which is fueling the market for dietary supplements to rise significantly. The dietary supplement industry is well-positioned for future growth and innovation with an emphasis on filling in nutritional gaps, addressing particular health issues, and broadening product options. Manufacturers, merchants, and healthcare providers all have a critical role to play in meeting the global need for safe, high-quality supplements that address the growing trend of consumers embracing supplements as part of a holistic approach to health and wellness.
𝐓𝐨𝐩 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
Organic Foods & Beverages Market https://www.factmr.com/report/organic-foods-and-beverages-market
Smoothies Market https://www.factmr.com/report/smoothies-market
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