Dietary Supplements Market Size, Share & Forecast

 

Dietary Supplements Market

Dietary Supplements Market was valued at USD 1,351 Billion in 2019 and is forecast to expand at a CAGR of 8.6% over the forecast period, owing to the increasing incidences of cardiovascular diseases.

Rising number of sports events and intensified emphasis to improve the physical strength of athletes are the major factors driving the global dietary supplements market size. Accelerating disposable income, growing awareness about personal health, and increasing number of weight loss programs have stimulated the market growth. Further, an increase in the working population has made it difficult for the individuals to meet their nutritional needs, thus, increasing their reliance on supplements which has strengthened the market share. However, growing demand for natural foods and concerns about negative impact pertaining over-consumption of dietary supplements will hamper the Dietary Supplements Market size.  

By ingredients, the botanicals are predicted to expand at a higher CAGR over the coming years, owing to the growing demand of herbs to treat mental and physical problems.

By form, tablets are estimated to lead the overall market during the upcoming years primarily due to its enlarged shelf life, easy packaging techniques, and user-friendliness.

By application, energy & weight management application is predicted to hold a larger share over the upcoming years, owing to the inclination towards online fitness programs and robust demand to maintain physical well-being.

Geographically, Asia-Pacific is forecast to hold the largest share over the upcoming years, owing to the rising population and increasing per-capita income in emerging economies. Further, the Dietary Supplements Market analysis projects that rising supply of multivitamin products along with the growing consciousness about healthy diet is contributing to the market growth.

Key Developments:

In 2020, Gelesis collaborated with China Medical Systems to commercialize Plenity weight loss pill in China. Plenity, is a non-systemic and non-stimulant pill for weight management, which is taken in the form of capsules with water before lunch and dinner.

Dietary Supplements Market Segmentation:

Dietary Supplements Market by Ingredients
  • Vitamins
  • Botanicals
  • Minerals
  • Proteins & Amino acids
  • Fibres & Specialty Carbohydrates
  • Omega Fatty Acids
  • Others
Dietary Supplements Market by Form
  • Tablets
  • Capsules
  • Soft Gels
  • Powders
  • Gummies
  • Liquids
  • Others
Dietary Supplements Market by Application
  • Energy & Weight Management
  • General Health, Bone & Joint Health
  • Gastrointestinal Health
  • Immunity
  • Cardiac Health
  • Diabetes
  • Anti-cancer
  • Others
Dietary Supplements Market by End-User
  • Adults, Geriatric
  • Pregnant Women
  • Children
  • Infants
Dietary Supplements Market by Distribution Channel
  • OTC
  • Prescribed
Dietary Supplements Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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