Global Dietary Supplements Market Outlook, 2027
発行: Bonafide Research & Marketing Pvt. Ltd.
ページ情報: 英文 144 Pages
Figure 46:China Dietary Supplements Market Size By Value 2016 to 2027F (In USD billion)
Figure 68:Argentina Dietary Supplements Market Size By Value 2016 to 2027F (In USD billion)
Dietary supplements are substances that you can take to enhance your diet or reduce your risk of developing health problems like arthritis or osteoporosis. Dietary supplement ingredients are sometimes mixed into foods and beverages. A doctors' prescription isn't required for these food supplements. The factors like growing health awareness, urbanization and personal well-being will boost the consumption of dietary supplements market in the forecast period of 2021-27. They also help with weight management and improving overall nutrient balancing. People take dietary supplements for a number of reasons, i.e. to maintain general health, to support their sport & mental related performance etc.
According to the report title "Global Dietary Supplements Market Outlook, 2027", published by Bonafide Research, The global dietary supplements market size was valued at USD 148.35 billion in 2021 and is expected to expand at a CAGR of 8% from 2021 to 2027. Hence, the applications of dietary or food supplements are wide. They are also used in cardiac health, bone & joint health, energy-weight management and immunity-digestive health etc. The energy & weight management application has 29.4% of the market share. The supplements are sold at pharmacies-drug stores, online platforms and supermarkets/hypermarkets also.
The global dietary supplements are rich in vitamins, minerals, amino acids & probiotic supplements, etc. Among these, the vitamins segment is leading the market in terms of value share. All of these supplements come in a variety of forms like tablets, capsules, gummies, soft gels, powder and liquid, etc. forms. The children and teenagers like to eat the gummies and soft gel forms. The majority of the dietary supplements are consumed by adult yet certain individual needs them, especially including to protect against birth defects, women who may get pregnant should ingest 400 mg of folate each day, either through food or supplements. Folate is a B-vitamin that is required for the production of genetic elements such as DNA. If you're a vegan, have food allergies or lactose intolerance, or have trouble digesting or absorbing nutrients, dietary supplements may be beneficial to you.
North America is leading the global dietary supplements market followed by Asia-Pacific. Asia-pacific is the fastest-growing region among all in the global dietary supplements. The adoption of dietary supplements is at the beginning phase in Middle East & Africa compared to other regions. European regions consumed the highest amount of probiotics in 2021. The US has the highest market share followed by China, Japan and so on. Food supplements are in high demand in countries such as the United Kingdom, France, and Italy. This is due to a growing emphasis on preventing illness or disease rather than focusing on the absence of disease. The growing popularity of organic and herbal items is also helping to increase the industry.
The covid-19 pandemic has impacted the dietary supplements market as the lockdown restriction and lack of transportation disturbed the y-o-y growth. Though the immunity boosting, digestive health-related and vitamin C, vitamin D, zinc etc, vitamins & minerals demand was high during the pandemic. On the other hand, the upsurge in the demand for supplements after the covid-19 has risen. So, the immunity providing food and nutrition demand leads to the manufacturing of dietary supplements.
Major Companies present in the market:
Herbalife Nutrition, AMWAY Corp., Bayer AG, Pfizer Inc., GlaxoSmithKline plc., Abbott Laboratories, Glanbiaplc, Archer Daniels Midland Company, Nu Skin Enterprises, Inc., Bionovainc,., Ayanda GmbH, Arkopharma Laboratories Company Limited, The Bountiful Company
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The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to pharmaceutical industry, food & beverage industry, cosmetic industry, nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.