Distributor appointments are being made by major industry players to broaden their consumer base. This helps to fuel the market’s expansion. For instance, the top global and regional distributors of vitamin tablet products include Praxis Healthcare & Pharmaceuticals Pvt. Ltd., Prinova Group LLC, a renowned distributor of functional components, and Prinova Group LLC. Additionally, rising consumer awareness of immunological illnesses is predicted to fuel market expansion. For instance, the world’s first fully operational patient registry for people with one or more of the more than 100 identified autoimmune disorders was introduced by American Autoimmune Related Diseases Association, Inc. in February 2017, the only non-profit organisation in the country (ADs). Patients are empowered by the registry to take part in clinical research and increase medical understanding of autoimmunity.
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Over the course of the projected period, the market for tablets containing vitamin and mineral supplements is anticipated to rise due to the coronavirus (COVID-19) pandemic. Supplement goods are now more popular as a result of consumers’ growing interest in vitamins and other dietary supplements. As a result, the market is anticipated to rise as demand for immunity boosters increases internationally for overall health and wellness during the pandemic.
The increasing use of minerals and vitamins to treat immunological disorders, vitamin deficiencies, and other conditions is anticipated to fuel market expansion. Additionally, the industry is projected to expand because to the rise in the world’s senior population.
The market for tablets containing vitamin and mineral supplements is anticipated to grow at a CAGR of 4.6% over the course of the projected period. Key companies’ strategic development is anticipated to fuel the market’s expansion. For instance, the consumer healthcare division of Merck KGaA was purchased by American multinational consumer goods company Procter & Gamble (P&G) in April 2018. For P&G, this acquisition contributes to increased sales and profits.
Over the course of the forecast period, the global market for tablet-based vitamin and mineral supplements is anticipated to grow at the greatest CAGR in the vitamins sector. The market is anticipated to develop due to the accessibility and rising use of vitamin tablets.
In terms of distribution channels, the category for vitamin and mineral supplement tablets sold in retail pharmacies is anticipated to grow at the highest CAGR during the projection period. The market is anticipated to develop as consumers increasingly prefer to buy products from retail pharmacies.
Among the geographical areas, North America is anticipated to have a significant market share during the projection period. It is anticipated that a rapidly ageing population and rising consumer health consciousness will fuel market expansion in the area. For instance, the Rural Health Information Hub estimates that by 2050, nearly 90 million Americans would be elderly.
HTC Health, Otsuka Pharmaceutical Co., Ltd., Brunel Healthcare, NutraScience Labs, Pharmavite,Glanbia plc, Noreva Biotech, Herbalife Nutrition, Nature’s Way Products, LLC, Abbott, Bactolac Pharmaceutical, Inc., Amway, GlaxoSmithKline plc, NSE, Inc. Company, and Bayer AG are some of the major companies that compete in the global vitamin and mineral supplement tablets market.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Vitamin and Mineral Supplement Tablets Market Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Vitamin and Mineral Supplement Tablets Market Industry Impact
Chapter 2 Global Vitamin and Mineral Supplement Tablets Market Competition by Types, Applications, and Top Regions and Countries
2.1 Global Vitamin and Mineral Supplement Tablets Market (Volume and Value) by Type
2.3 Global Vitamin and Mineral Supplement Tablets Market (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Vitamin and Mineral Supplement Tablets Market Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 6 East Asia Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 7 Europe Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 8 South Asia Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 9 Southeast Asia Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 10 Middle East Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 11 Africa Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 12 Oceania Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 13 South America Vitamin and Mineral Supplement Tablets Market Market Analysis
Chapter 14 Company Profiles and Key Figures in Vitamin and Mineral Supplement Tablets Market Business
Chapter 15 Global Vitamin and Mineral Supplement Tablets Market Market Forecast (2022-2028)
Chapter 16 Conclusions
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