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Global Dietary Supplements Market Share Is Likely to Grow At A CAGR Value Of Around 8.50% By 2028

10-Jun-2022 | Facts and Factors

According to Facts and Factors, the global dietary supplements market was valued at USD 149.50 billion in 2021 and is predicted to increase at a CAGR of 8.50% to USD 240.90 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

The consumption of dietary supplements has increased as consumers' awareness and attention to health and prevention has increased. A dietary supplement is a substance that is added to a person's diet to help them achieve their nutritional goals. Some dietary supplements are intended to reduce the risk of chronic illnesses, while others are intended to improve the nutritional value of daily meals. As a result, the content of dietary supplements varies depending on the intended consumer's age, but the basic function remains the same.

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Browse the full “Dietary Supplements Market By Type (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes, Probiotics, Other Dietary Supplements), By Function (Additional Supplements, Medicinal Supplements, Sports Nutrition), By Target Consumer (Infant, Children, Adults, Pregnant Women, Elderly), By Mode of Application (Tablets, Capsules, Powders, Liquids, Soft Gels, Gel Caps), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028" report at https://www.fnfresearch.com/dietary-supplements-market

Due to an increase in the number of fitness centers, health clubs, and gymnasiums, as well as a better awareness of fitness among young people, the need for nutritional supplements is expected to rise. Dietary supplements are available in a variety of forms, including tablets, powder, capsules, liquids, soft gels, and gel caps. The rising cost of goods, on the other hand, may limit the number of sales in the market. Furthermore, as consumers become more concerned about their health and fitness, sales income and consumer base for dietary supplement product types are expected to rise during the projection period.

Vitamin as a product led the dietary supplement market in 2021, owing to the rising demand for energy and weight control among working professionals and athletes. Users ingest multivitamins via tablets, powder, and liquid due to the higher efficiency index in terms of consumption. Millennials also keep up with health-related information and try to adapt their routines and eating habits accordingly since they are digitally savvy. As a result, demand for probiotic supplements is increasing, which is expected to enhance the global probiotics market in the near future.

Dietary supplements come in a variety of forms, including tablets, powders, liquids, capsules, gel caps, and soft gel. Tablets are the most common application mode in the global nutritional supplement sector. Tablet and capsule supplements are in high demand worldwide for a variety of reasons, including their low cost, ease of packaging, and longer shelf life. Capsules, soft gels, and tablets are preferred over liquids and other modes of application because they provide well-defined dosages. Furthermore, the market for protein supplements is growing in popularity. The tablet sub-sector is likely to rise in the forecast period as consumers move toward fitness centers such as gyms or online training programs, where trainers prescribe daily protein consumption in the form of tablets or capsules for all age groups.

The Asia-Pacific dietary supplement market increased rapidly in both developed and developing countries. A growing knowledge of health supplements, as well as a growing population and increased disposable incomes, are driving the dietary supplement business in the country. Supplement demand has risen in nations like India, China, and Japan in 2021, owing to the considerable presence of the aging population in such rising countries and awareness of herbal and Ayurveda extract-based products. Similarly, the growth of the dietary supplement market is expected to exhibit a considerable increase in the use of dietary products in the next years, particularly in North America and Europe.

The report contains qualitative and quantitative research on the global dietary supplement market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 149.50 Billion

Projected Market Size in 2028

USD 240.90 Billion

CAGR Growth Rate

8.50% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), Nestle (Switzerland), and Others

Key Segment

By Type, Function, Target Consumer, Mode of Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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Some of the major companies operating in the dietary supplements market are Amway Corp (US), Herbalife International of America, INC. (US), ADM (US), Pfizer INC (US), Abbott (US), and others.

The Global Dietary Supplements Market is segmented as follows:

By Type

  • Botanicals
  • Vitamins
  • Minerals
  • Amino Acids
  • Enzymes
  • Probiotics
  • Other Dietary Supplements

By Function

  • Additional Supplements
  • Medicinal Supplements
  • Sports Nutrition

By Target Consumer

  • Infant
  • Children
  • Adults
  • Pregnant Women
  • Elderly

By Mode of Application

  • Tablets
  • Capsules
  • Powders
  • Liquids
  • Soft Gels
  • Gel Caps

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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