Global Dietary supplements Market Size, Insights, Drivers, Opportunities, By Ingredient Type (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Others), By Product, By Application, By end user, By Region, Growth, Trends and Forecast from 2019 to 2027
Global Dietary supplements Market Size, Insights, Drivers, Opportunities, By Ingredient Type (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Others), By Product, By Application, By end user, By Region, Growth, Trends and Forecast from 2019 to 2027
Historic years: 2015 to 2017 Base Year: 2018 Forecast Years: 2019 to 2027
Number of pages: 100 Category: Healthcare Report Id: MISHC5001
Market Insights
The global dietary supplements market was valued at USD 114.63 billion in 2018 and is estimated to reach a value of USD 224.44 billion in 2027. The market is analyzed to rise at a CAGR of 7.75% over the forecast period of 2019 to 2027. Increasing consumer awareness about the importance of preventive medicine and healthcare due to the rising awareness of the Internet is boosting the market growth. The product is helping people to stay healthy by reinforcing the internal immunity and reducing the chances of allergies, contracting diseases, and other illnesses.Global dietary supplements market size by region, 2018 (USD Billion)
Primary and secondary market researchers have identified Abbot, Amway, Bayer, Glanbia, Herbalife Nutrition as the key players in the global dietary supplements market. However, upon analysis of this segment, factors like company revenue, industry trends in selecting a particular group and penetration of the dietary supplements companies for different product types are being considered.
Another factor attributing to the demand of dietary supplements are growing weight management awareness among professionals. People aged between 30 to 40 are increasing their dietary supplements due to their inactive lifestyle and fluctuating diet patterns. The competition is high in the dietary supplements market due to the growing number of established players in the industry. Additionally, the entry of new players in the market creates the demand of the new development in the dietary supplements, thereby increasing the growth of the product over the forecast period.
Ingredient Type Insights
Vitamins is estimated to be the largest segment accounts for 32.71% share in the market. The large availability of ingredients is the major reason for this market growth. It is available in the market in a variety of formulas according to sex, age, or by specific nutritional requirements. Fibers & Specialty Carbohydrates is expected to be the fastest growing category over the forecast period of 2019 to 2027. Increasing awareness towards a healthy lifestyle attributes to growth in nutritional enrichment in food & beverage sector is driving the market growth.Product Insights
Tablet category was estimated to be the largest product in 2018. Spreading importance of microencapsulation in nutraceuticals industry confirms the controlled release of finished ingredients and color characteristics maintenance. Liquid form is estimated to be the largest and the fastest growing product segment during the forecast period. By understanding the demand, companies like Pfizer and GSK has started manufacturing fluid based dietary supplements.Application Insights
Energy and weight management segment was valued to be the largest ingredient type by accounting over 30% of market share in 2018. Growing concerns over obesity is driving the growth of this segment. Around 39% of the U.S. adults are affected by obesity. Anti-cancer segment is expected to be the fastest growing category.End User
Adult end user is the largest segment and are expected to grow at a CAGR of 6.45% over the forecasted period of 2019 to 2027. The rising demand of dietary supplements among working professional and sports persons is attributing to the segment growth. The rising demand for children dietary supplements for healthy skin, and bone repair is boosting the market growth of children segment.Global dietary supplements market value share by end user, 2027 (%)
Regional Insights
As of 2018, North America accounts for the largest region in the dietary supplements market, with a share of over 40% of the global market. High consumer spending in health and wellness product has attributed to market growth. Asia Pacific is estimated to be the fastest growing region. Growing consumer awareness about the nutritional enrichment in countries like China and Australia & New Zealand is expected to drive the market over the forecast period of 2019 to 2027. The report is a thorough market study which includes top companies, their annual presentations, industry publications, press releases and their drivers, opportunities, trends and the market understanding through different product and their ingredient type with growth factors and future expectancies in the dietary supplements market.Research Methodology
The following report consists of market analysis including both primary and secondary research. Primary research comprises the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant publications which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.Segments covered in the report
Ingredient Type Outlook- Vitamins
- Botanicals
- Minerals
- Proteins & amino acids
- Fibers & Specialty Carbohydrates
- Omega Fatty Acids
- Others
- Tablets
- Capsules
- Soft gel
- Powders
- Gums
- Liquids
- Others
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Immunity
- Cardiac Health
- Diabetes
- Anti-cancer
- Others
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
- North America
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- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
- All market trends, drivers and opportunities
- Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
- The complete analysis of the parent market
- Top changes in the market dynamics
- Market opportunity assessment
- Detailed market segmentation and detailed analysis with the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Analysis of market share and developments
- Detailed company profiling of leading companies
- Opportunities to newer markets in global and regional markets
- Analysis of the trajectory line of the market.