Health/Dietary Supplements Market Size, Growth and Share Analysis By Type (Dietary Supplements, Eye Health Supplements), Application (Cardiology, Rheumatic Disorders, Allergy), Ingredients (Vitamins & Minerals, Botanicals, Amino Acids), End User (Hospitals, Clinics) and Key Players, Forecast to 2023
Health Supplements Market Overview:
The global Health/Dietary Supplements Market is showing promising signs in ensuring a growth by 7.8% CAGR between 2017 and 2023. The time span has been considered as the forecast period in the report published by Market Research Future (MRFR). The global health supplements market is expected to witness swift growth owing to rising urbanization, better market awareness, heightened demand for integration of skill in manufacturing, dietary changes triggering high intake of the product, and others. These supplements are getting traction as they reduce the chances of contracting diseases.
However, the market for health supplements may find detraction in various negative publicity, false claims, and others. But growing awareness regarding these products can ensure higher level of intake.
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Dietary Supplements Market Segmentation:
MRFR has launched a detailed study in the report of the health supplements market on the basis of types, application, ingredients, and end user. These segments have various information regarding volume-wise and value-specific analyses that depend on factorial study.
By type, the global market for health supplements market can be segmented into body building supplements, dietary supplements, specialty supplements, eye health supplements, and others.
By application, the Dietary Supplements Market has been segmented into health supplements include allergy, rheumatic disorders, cardiology, and others.
By ingredients, the report on the health supplements market includes amino acids, vitamins & minerals, enzymes, botanicals, and others.
By end user, the Dietary Supplements Market includes hospitals, clinics, research centers, and other.
Health Supplements Market Regional Analysis:
The global health supplements market is witnessing significant contribution made by the Americas. There are several reasons for the regional growth. North America is climbing the market in a better way owing to heightened health supplements market awareness, increasing technological integration, surging investment in research and development, growth in reimbursement policies, and others. North America’s growth would depend much on the promises made by the US, Canada, and others. South America would find the market a bit lagging. However, Argentina and Brazil would make significant contributions.
Europe’s health supplements market contribution would find significant holding as the rising awareness regarding health supplements are expected to make sure the market earns more than others. Increased research and development activities, surge in funds, and others are expected to show positive results in terms of bringing innovations to the front and fetching more revenue.
The Asia Pacific health supplements market can be deemed as the fastest growing one owing to huge patient population, rapidly developing healthcare technology, and improved healthcare expenditure. India and China are benefiting from huge population and surging demand for superior products, which can easily trigger the market growth.
However, lack of funds and healthcare awareness can hold back the market growth in the Middle East & Africa region. This region has Africa where a lot of countries are showing extremely poor living standards due to which the growth of the health supplements market is quite difficult. On the other hand, the Middle East region may find some growth in contributions made by Israel and others.
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Health Supplements Market Competitive Landscape:
Companies are making significant ingress in the global market using their strategies to empower their market position and improve the global market potential. These companies have been profiled and recorded in the report published by MRFR. These companies are BASF SE (Germany), Herblife International (U.S.), Glanbia plc (Republic of Ireland), E. I. du Pont de Nemours and Company (U.S.), Alticor Inc. (U.S.), Abbott Laboratories (U.S.), Bayer AG (Germany), The Nature’s Bounty Co. (U.S.), GlaxoSmithKline Limited (U.K), and others.
Recent trends in the global health supplements market is showing that organic products and clean labels can make easy ingress in the market. This is due to heightened demand for such products as people are becoming health-conscious and aware of various products that can benefit them from several angles.
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