New Zealand markets close in 2 hours 50 minutes
  • NZX 50

    11,803.31
    +14.28 (+0.12%)
     
  • NZD/USD

    0.6367
    -0.0000 (-0.01%)
     
  • NZD/EUR

    0.6261
    +0.0005 (+0.08%)
     
  • ALL ORDS

    7,359.60
    +34.70 (+0.47%)
     
  • ASX 200

    7,104.40
    +40.10 (+0.57%)
     
  • OIL

    88.58
    -0.83 (-0.93%)
     
  • GOLD

    1,794.60
    -3.50 (-0.19%)
     
  • NASDAQ

    13,667.18
    +101.31 (+0.75%)
     
  • FTSE

    7,509.15
    +8.26 (+0.11%)
     
  • Dow Jones

    33,912.44
    +151.39 (+0.45%)
     
  • DAX

    13,816.61
    +20.76 (+0.15%)
     
  • Hang Seng

    20,086.35
    +45.49 (+0.23%)
     
  • NIKKEI 225

    28,860.73
    -11.05 (-0.04%)
     
  • NZD/JPY

    84.8640
    +0.0420 (+0.05%)
     

Dietary Supplements Market Size is projected to reach USD 220.8 billion by 2027

·6-min read
MarketsandMarkets Research Pvt. Ltd.
MarketsandMarkets Research Pvt. Ltd.

Emerging Demand for Personalized Nutrition offers Opportunities for Market Growth of Dietary Supplements

Chicago, July 01, 2022 (GLOBE NEWSWIRE) -- According to MarketsandMarkets™, the "Dietary Supplements Market by type (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes, Probiotics), Function (Additional Supplements, Medicinal Supplements, Sports Nutrition), Mode of Application, Target Consumer and Region - Global Forecast to 2027", is estimated at USD 155.2 billion in 2022; it is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=973

The growth of dietary supplements market is estimated to be driven by the increasing health awareness among consumers. Dietary supplements are a growing application of nutraceutical products. The food and nutrition industries have evolved to give consumers a more personalized experience to compensate for dietary loss through supplemental nutrition.

Browse in-depth TOC on "Dietary Supplements Market"
273 – Tables
50 – Figures
274 – Pages

The Botanical segment by type is projected to achieve the Highest CAGR growth in the Dietary Supplements market.

Over the past couple of years, the herbal dietary supplements segment has seen significant growth. The rising awareness about the health benefits associated with the consumption of plant-based food products and the increasing number of health-conscious consumers are the key factors driving the demand for herbal supplements.

Some of the advantages of botanical dietary supplements are, Low cost compared to prescription drug, It can be obtained without a prescription, Has the potential to be effective, despite the lack of evidence, and Contribute to a sense of self-sufficiency.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=973

By function, the additional supplements segment is estimated to account for the largest market share in the Dietary Supplements market.

This category includes supplements that can be consumed without a doctor's prescription. Minerals, herbs or other botanicals, amino acids, enzymes, and a variety of other ingredients can be found in dietary supplements. Tablets, capsules, gummies, and powder, as well as drinks and energy bars, are all forms of dietary supplements. According to the National Center for Health Statistics, 57.6% of US adults aged 20 and above used a dietary supplement, with women (63.8%) using more than men (50.8%). Dietary supplement use increased with age in both sexes but was highest in women aged 60 and above (80.2%).

The tablet form segment by mode of application is estimated to account for the largest market share of the Dietary Supplements market over the forecast period.

  • Longevity of tablet form drives market growth. Compressed tablets are typically meant to be swallowed without being broken, chewed, or dissolved. This tablet type will usually only begin to break down after reaching the stomach (or some other stretch of the gastrointestinal tract).

  • Compressed tablets have the advantage of being generally stable and available in various sizes and shapes. As a result, a wide range of dietary supplements can be easily incorporated into tablet form, because of this, compressed tablets are popular.

The elderly segment is projected to observe the highest CAGR growth in the Dietary Supplements market during the forecast period.

Dietary supplements in pill or liquid form are popular among the elderly. These are often nutrients under-consumed among older adults, such as calcium and vitamin D (in high demand) & B12.

  • In older adults, vitamin D helps support skeletal health by building and protecting bones. According to the National Health and Nutrition Examination Survey, nearly 20% of elderly Canadian, European, and American adults have a vitamin D deficiency.

  • Medical experts recommend 20 to 25 micrograms of vitamin D per day. The Commodity Supplemental Food Program (CSFP) provides nutritious USDA packaged food to low-income older adults to support a healthy dietary pattern

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=973

Asia Pacific is projected to achieve the highest CAGR growth in the Dietary Supplements market.

  • The rising influence of westernization, the growing millennial population, and increasing awareness are the key drivers of market growth.

  • Veganism has become popular in the region, alongside rising demand for plant-based food products, especially in India, China, Australia, and Indonesia. This key factor would eventually pave the way for herbal supplements to grow significantly in value sales during the forecast period in the Asia Pacific.

Key Market Players

  • The key players in this market include Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), Nestle (Switzerland), Otsuka Holding Co, LTD (Japan), H&H Group (China), Arkopharma (France), Bayer AG (Germany), Glanbia Plc (Ireland), Nature's Sunshine Products Inc (US), Fancl Corporation (Japan), Danisco (Denmark), Bionova (India), American Health (US), Pure Encapsulations LLC (US), GlaxoSmithKline, PLC (UK).

  • Players are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific, and Europe.

Related Reports:

Personalized Nutrition Market by Product Type (Active measurement, Standard measurement), Application (Standard supplements, Disease-based), End Use (Direct-to-consumer, Wellness & Fitness centers, Hospitals & Clinics), and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/personalized-nutrition-market-249208030.html

Nutraceutical Products Market by Type (Food, Beverages, Dietary Supplements), Source (Probiotics, Prebiotics, Vitamins, Minerals), Distribution Channel (Conventional Stores, Specialty Stores, Drugstores & Pharmacies), Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/nutraceutical-product-market-145393943.html

Browse Adjacent Reports: Food and Beverage Market Research Reports & Consulting


CONTACT: About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting