Global Dietary Supplements Market Expected To cross USD 268.9 BN mark By 2025
Posted On March 08, 2019
Global Dietary Supplement Market Report is the newest publication in the vast database of Value Market Research. The report identifies that the global dietary supplements market was valued at USD 151.9 BN (by revenue) in 2018 and is anticipated to reach USD 268.9 BN by 2025 with a CAGR of 8.5%. The market segmentation in the report covers ingredient, application, and region analysis. The report highlights market size, market growth forecasts along with the drivers and anticipated challenges by the dietary supplement industry.
The market of dietary supplement is dynamic and highly fragmented owing to the presence of large number of vendors in the market. The dietary supplement is composed of various vitamins, minerals, and nutrients and come as pills, powders, drinks, energy bars, and capsules. They play a very important role in promoting good health and reduce the risk of various chronic diseases.
The report “Global Dietary Supplements Market Report By Ingredient (Botanicals, Vitamins, Minerals, Amino Acids, And Enzymes), Application (Additional Supplement, Medicinal Supplement, And Sports Nutrition) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025” offer all the important information which helps to discover global as well as regional market opportunities.
Growing cases of obesity owing to the changing pattern of food habits coupled with the hectic routine among adults are the major factors fueling industry expansion. Emerging multivitamin products in the dietary supplement as an alternative to the drug is also expected to have a positive impact on the market. Growing demand for nutritional supplements among athletes as well as young adults is further expected to increase its application in the sports industry. Moreover, botanical-based supplements are tremendously gaining hype in the market owing to the zero side-effects associated with the products. Additionally, rising consumption of the product in order to maintain a healthy lifestyle is again fueling the market growth.
Segmentation parts cover ingredient, application, and region. Ingredient consists of botanicals, vitamins, minerals, amino acids, and enzymes. Out of which, vitamins is gaining hype in the market as this product is available in a variety of formulas with specific nutritional requirements. Application area covers additional supplement, medicinal supplement, and sports nutrition. Additional supplements are dominating the segment owing to the availability of this product as multivitamins products in various forms such as capsule and tablets.
In terms of geography, the market analysis covers the top-five region, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Asia-Pacific is dominating the global dietary supplement market owing to the presence of a large number of adult population base along with the rising demand from athletes. Also, rising concern of people towards a healthy lifestyle is acting as a major driving factor to the regional market growth.
The Report Segments Global Dietary Supplements Market -
- Amino Acids
- Additional Supplement
- Medicinal Supplement
- Sports Nutrition
- North America
- Latin America
- Middle East & Africa
Major Player’s Highlighted In The Report:
Amway, Axellus AS, BASF SE, Bayer AG, Bio-Botanica Inc., Blackmores Ltd, Blackmores Ltd., Epax AS, Herbalife Ltd., Integrated BioPharma, Inc., Koninklijke DSM N.V., Naturalife Asia Co., Ltd., NBTY, Inc., Nu Skin Enterprises, Inc., Nu Skin Enterprises, Inc., Omega Protein Corporation, Pharmavite LLC, Ricola AG, Surya Herbal Ltd., and The Himalaya Drug Company.
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