Global Dietary Supplements Market To grow at a CAGR of 8.8% by 2025. Growing disposable incomes in developing countries, rising awareness towards consumption of proteins, rapidly growing awareness towards calorie drop & weight loss and increasing importance of e-commerce portals as a selling medium for nutraceutical manufacturers are some of the reasons behind the favorable market growth. Sports nutrition segment is expected to grow at a faster growth rate during the forecast period due to increasing demand for energy drinks equipped with whey and egg protein between sports athletes and gym professionals
Dietary supplements have supplement facts such as contents, amount of active ingredients per serving, and other added ingredients, if any, (like fillers, binders, and flavorings) printed on them. Dietary supplements can help you get adequate amount of nutrients essential for the proper functioning of the body. However, supplements can?t take the place of variety of foods that are important to a healthy body. Various age groups consume dietary supplements to meet their recommended dietary allowances. By ingredient, this market is segmented into botanicals, vitamins, minerals, amino acids, enzymes, and others. Among these segments, the vitamin supplement segment is anticipated to allege the major market share as it is an extensively used ingredient. Based on products, dietary supplements market is segmented into Tablets, Capsules, Powder, Liquid, Soft Gels, and Gel Caps. Tablets are very popular with consumers and are expected to progress over the forecast period. Classified by applications, this market is segmented into additional, medicinal supplement, and sports nutrition. In this segmentation, sports nutrition segment is anticipated to be the fastest growing segment. The growth of this segment can be attributed to the increasing number of health clubs and fitness centers. The additional supplements were the largest application segment of dietary supplements market last year. This market is segmented by end-use into infant, children, adults, pregnant women, and old-aged. In this segmentation, the old-aged segment is expected to drive this market efficiently.
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The increasing number of aged people is leading to a rise in demand for dietary supplements. Moreover, the high risk of life-threatening diseases and protection of health in elderly people has led to increased spending on dietary supplement products. Increasing costs of health care is making people shift towards dietary supplements to help them stay healthy. Moreover, dietary supplements provide various health benefits such as it aids in arthritis, protects from cold and flu, prevents migraine headaches, strengthens the immune system, treats rheumatic diseases, increases triglyceride levels, lower cholesterol, and blood pressure, is useful in cardiovascular diseases, allergies, and cognitive diseases at lower costs. Whereas, negative publicity of dietary products and fake product claims are projected to restrain the overall growth of the market. Divided by region, this market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia-Pacific dietary supplements market is expected to grow at the highest CAGR during the forecast period.
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The region is driven by factors such as consumer awareness about the benefits of dietary supplements and availability of a wide range of dietary products in the region. Additionally, increase in disposable income is allowing customers to spend more on healthy food items. Asia Pacific accounted for the largest market share in global market, followed by Europe and North America respectively. Global Dietary Supplements Market is expected to flourish at a CAGR of 8.8% during the forecast period. Some of the key players of Global Dietary Supplements Market are Abbott Laboratories, Carlyle Group, GlaxoSmithKline, GlaxoSmithKline, Amway, Arkopharma Laboratoires Pharmaceutiques, Bayer, Herbalife International, Nature?s Sunshine Products, Nutraceutics Inc., Himalaya Global Holdings Ltd., and American Health among others.
The report also presents a thorough overview of the competitive landscape of the global Dietary Supplements market and the detailed business profiles of the market’s notable players. Threats and weaknesses of leading companies are measured by the analysts in the report by using industry-standard tools such as Porter’s five force analysis and SWOT analysis.