Dietary Supplements Market size was esteemed at USD 164.81 billion out of 2022 and is supposed to extend at an accumulated yearly development rate (CAGR) of 8.5% from 2023 to 2030 and reach USD 316.53 Billion by 2030.
Dietary supplements are substances that help buyers in driving a sound way of life by giving fundamental supplements and by bringing down dangers of medical issues like joint inflammation or osteoporosis. Famous dietary supplements contain strands, minerals, for example, iron spices like garlic and echinacea, amino acids, compounds, and nutrients like vitamin D and B12, and are accessible in various structures like tablets, pills, powders, cases, concentrates, and fluids.
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Expanding mindfulness among buyers concerning individual wellbeing and health is supposed to drive the development of the dietary supplements market during the conjecture time frame Dietary supplements can be taken at explicit spans and can be remembered for dinners to enhance day-to-day nourishing prerequisites of the body.
Driving factor:
Change in shopper inclination because of expansion in the center around wellbeing and anticipation
Restraining factor:
The significant expense of dietary supplements.
Opportunities:
Shift towards plant-based Supplements.
Challenges:
The absence of confidence in nutraceuticals' medical advantages, the significant expense of nutraceuticals, and shoppers' absence of information about nutraceuticals.
With the abrupt effect of COVID-19, the market has seen a flood of sought items that give stomach-related and safe well-being, which emphatically affected the market. Subsequently, the deals of supplements like protein, nutrients, omega-3 unsaturated fats, and others saw gigantic development. Thus, it prompted various item dispatches to take care of the developing interest. Besides, to satisfy the flooding request along with keeping up with well-being standards, the producers have been zeroing in on expanding their deals by empowering their clients to shop online all things being equal.
By Ingredient:
By Form:
By Application:
Energy & Weight Management
General Health
Bone & Joint Health
Gastrointestinal Health
Immunity
Cardiac Health
Diabetes
Anti-cancer
Lungs Detox/Cleanse
Skin/Hair/Nails
Sexual Health
Brain/Mental Health
Insomnia
Menopause
Anti-aging
Prenatal Health
By End-user:
Adults
Geriatric
Pregnant Women
Children
Infants
By Type:
OTC
Prescribed
By Distribution Channel:
Offline
Hypermarkets/Supermarkets
Pharmacies
Specialty Stores
Practioner
Online
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North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
North America overwhelmed the market for dietary supplements and represented the biggest income portion of 34.8% in 2021. It is projected to observe a CAGR of 5.6% over the gauge period by the developing utilization of items with high dietary benefits and low calory content. Moreover, expanding mindfulness about the utilization of supplement items in Mexico because of new item dispatches is supposed to drive the interest for dietary supplements over the estimated time frame. In the Asia Pacific, the market is supposed to observe higher-income development over the gauge time frame.
The district is supposed to be the biggest market for dietary supplements by 2030 attributable to the developing customer base in the nations including India, China, South Korea, and others. Expanding the use of well-being improving items in the locale attributable to developing per capita pay and expanding mindfulness is supposed to drive the interest for dietary supplements over the conjecture time frame. The European district represented a huge income share in 2021 and is supposed to develop at 6.9% over the estimated period. Higher buyer mindfulness and higher per-capita discretionary cash flow in created nations like France, Germany, and the U.K. are supposed to drive the market over the estimated time frame.
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.
| Report Attributes | Details |
|---|---|
| Market Size in 2021 | US$ 164.81 Billion |
| Market Size by 2028 | US$ 316.53 Billion |
| CAGR | CAGR 8.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Ingredient (Vitamins, Minerals) • by Form • by Application • by End User • by Distribution Channel by Regio |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 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. |
| Key Drivers | •Change in shopper inclination because of expansion in the center around wellbeing and anticipation. |
| Restraints | •The significant expense of dietary supplements. |
Ans: 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. are the key players in the Dietary Supplements Market
Ans: Segments that are covered in the Dietary Supplements Market are Ingredient, Form, Application, End-user, Type, and Distribution Channel.
Ans: The significant end clients in the dietary enhancements market incorporate grown-ups, the geriatric populace, pregnant ladies, kids, and newborn children, with pregnant ladies expected to show significant item interest through 2028.
Ans: Change in shopper inclination because of expansion in the center around wellbeing and anticipation and shift towards plant-based Supplements are the elements driving and resulting in opportunities for the Dietary Supplements market.
Ans: The worldwide dietary supplements market size was esteemed at USD 151.9 billion out of 2021.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Dietary supplement Market Segmentation, based on Ingredient
8.1 Vitamins
8.2 Botanicals
8.3 Minerals
8.4 Proteins & Amino Acids
8.5 Fibers & Specialty Carbohydrates
8.6 Omega Fatty Acids
9. Dietary supplement Market Segmentation, based on Form
9.1 Tablets
9.2 Capsules
9.3 Soft gels
9.4 Powders
9.5 Gummies
9.6 Liquids
10. Dietary supplement Market Segmentation, based on Application
10.1 Energy & Weight Management
10.2 General Health
10.3 Bone & Joint Health
10.4 Gastrointestinal Health
10.5 Immunity
10.6 Cardiac Health
10.7 Diabetes
10.8 Anti-cancer
10.9 Lungs Detox/Cleanse
10.10 Skin/Hair/Nails
10.10 Sexual Health
10.12 Brain/Mental Health
10.11 Insomnia
10.14 Menopause
10.15 Anti-aging
10.16 rental Health
11. Dietary supplement Market Segmentation, based on End-user
11.1 Adults
11.2 Geriatric
11.3 Pregnant Women
11.4 Children
11.5 Infants
12. Dietary supplement Market Segmentation, based on Type
12.1 OTC
12.2 Prescribed
13. Dietary supplement Market Segmentation, based on Distribution Channel
13.1 Offline
13.1.1 Hypermarkets/Supermarkets
13.1.2 Pharmacies
13.1.3 Specialty Stores
13.1.4 Practioner
13.2 Online
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 USA
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 France
14.3.4 Italy
14.3.5 Spain
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4 Asia-Pacific
14.4.1 Japan
14.4.2 South Korea
14.4.3 China
14.4.4 India
14.4.5 Australia
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.1 Israel
14.5.2 UAE
14.5.3 South Africa
14.5.4 Rest
14.6 Latin America
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Rest of Latin America
15. Company Profiles
15.1 Amway Corp.
15.1.1 Financial
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.2 Glanbia PLC
15.3 Abbott
15.4 Bayer AG
15.5 Pfizer Inc.
15.6 ADM
15.7 Nu Skin Enterprises, Inc.
15.8 GlaxoSmithKline plc
15.9 Bionova, Ayanda
15.10 Arkopharma
15.11 Herbalife International of America, Inc.
15.12 Nature’s Sunshine Products, Inc.
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share analysis
16.3 Recent Developments
17. Conclusion
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