Dietary Supplements Market Looking Healthy

  • Dietary supplements are ingredients add nutrients to a diet and boost immunity levels.
  • As a result of poor health due to insufficiency in diet or food intake, dietary supplements are recommended.
  • The adult segment is projected to account for highest revenue share.

Тhе glоbаl dіеtаrу ѕuррlеmеntѕ mаrkеt іѕ ехресtеd tо bе vаluеd аt аррrохіmаtеlу $1.4 billion іn 2020, аnd іѕ рrојесtеd tо wіtnеѕѕ САGR оf 7.7% оvеr thе fоrесаѕt реrіоd. The first five-year cumulative revenue (2020–2024) is projected to be around $2 Billion, which is expected to increase rather significantly over the latter part of the five-year forecast period.

Introduction

Dietary supplements are ingredients that add nutrients to a diet and boost immunity levels, which help prevent chronic health issues such as heart-related diseases, osteoporosis, arthritis, etc. A dietary ingredient may be one or any combination of vitamins, minerals, botanicals, amino acids, etc.

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A dietary ingredient may be one or any combination of vitamins, minerals, botanicals, amino acids, etc.

Dynamics

Hectic lifestyles, unhealthy eating habits, and preference towards selective foods, especially among children and the younger generation, is leading to insufficiency of certain vitamins, minerals, and other nutrients. As a result of poor health due to insufficiency in diet or food intake, dietary supplements are recommended. Rising incidence of this issue is driving market growth to a significant extent. In addition, dietary supplements are recommended for elderly individuals due to poor intake of solid foods due to various reasons.  This is a major consumer base globally.

Forecast

The comprehensive research report comprises a complete forecast of the global dietary supplements market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global dietary supplements market is expected to expand at a CAGR of 7.7% over the forecast period.

Segmentation Snapshot

By Ingredient: The vitamin segment is expected to account for highest revenue share contribution as compared to other ingredient segments, and is projected to register highest CAGR of over 8% over the forecast period.

By Type: The tablet segment is expected to account for highest revenue share contribution as compared to other type segments, and is projected to register highest CAGR of over 7.8% over the forecast period.

Dietary supplements are ingredients that add nutrients to a diet.

By Application: The additional supplements segment is estimated to account for highest revenue share contribution as compared to other application segments, and is projected to register highest CAGR of over 7.7% over the forecast period.

By End-user: The adult segment is projected to account for highest revenue share in the global market, and is projected to register highest CAGR of over 7.6% over the forecast period.

By Region: The market in North America is expected to account for highest revenue share in the global dietary supplements market. The market in North America is projected to register highest CAGR of over 7.5% during the forecast period.

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Competitive Analysis

The research report on the global dietary supplement includes profiles of some major companies such as Archer-Daniels-Midland (ADM), DuPont de Nemours Inc., Glanbia PLC, Koninklijke DSM N.V, Pfizer Inc., Carlyle Group, Bayer AG, Amway Corporation, Herbalife Nutrition Ltd., Nestlé S.A., GlaxoSmithKline plc, BASF SE, Danone S.A., Yakult Honsha Co. Ltd., and The Himalaya Drug Company.

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Krutika Bhoot

I have been into market research industry for last 2 years. I have a keen interest and deep knowledge of research industry. My goals in life are simple - to stay happy, healthy and to keep writing as long as I possibly can.
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