The Global Dietary
Supplement Market is projected to gain market revenue of US$ 262.57 billion
by 2026, growing at a CAGR of 5.4% during the forecast period 2020-2026. The
dietary supplement is described as a broad and diverse category of products
that a person consumes to support good health and supplement the diet.
Dietary supplements are neither medicines nor a substitute for food. However,
some supplements are useful in reducing the risk of certain diseases and are
authorized to make label claims about these uses. For example, folic acid
supplements may make a claim about reducing the risk of birth defects of the
brain and spinal cord. Dietary ingredients are broadly categorized into
vitamin, mineral, herb or other botanical, amino acid and concentrate, metabolite,
constituent, or extract. The Dietary Supplement market is driven by numerous
factors such as escalating demand of dietary supplements among the geriatric
population, rising disposable income, increasing awareness regarding the
functional benefits of dietary supplements, improving health standards and
increasing health expenditure paired with a rise in the number of fitness
centers and gymnasiums. Proliferating demand for personalized supplement
solutions, increasing consciousness of people regarding health will further
escalate the market growth. However, stringent government regulations, negative
publicity and false promises by the players will hamper the market growth.
For
Regional/country-level analysis of the overall sales of dietary supplement
products browse through - Dietary Supplement Market
Based on product type, the global dietary supplement
market is fragmented into vitamin supplement, mineral supplement, botanical
supplement, fatty acid supplement, proteins & amino acids and other
supplements. The botanical Supplement segment occupied the maximum share in
Global Dietary Supplement. Herbal or botanical supplements improve the immune
system, anti-inflammatory power and can be used for depression treatment.
Vitamin supplement is expected to generate revenue of US$ 73.22 billion by
2026. These supplements are available in numerous forms such as tablets, capsules,
powders, liquids and other forms such as softgels among others. Capsules are
easier to swallow and are used by manufacturers when the drug cannot be
compacted into a solid tablet. A shell or container made of gelatin that
contains the drug. Liquids form of dietary supplement is expected to witness
the highest CAGR growth of 6.0% during the forecast period 2020-2026. Further,
Dietary supplements can be administered by pediatrics, adult women, adult men
and baby boomers. They are also recommended for pregnant women and some of the
major supplements that are deployed by them include folic acid, Calcium and
iron among others. Adult Women dominated the Dietary Supplement market and is
expected to maintain its dominance during the forecast. During pregnancy, some
mineral and vitamin need increases and women may need to take a prenatal
vitamin. Baby Boomers segments are expected to increase their spending to US$
48.33 billion on dietary supplements by 2026.
Dietary supplements are majorly utilized in food &
beverage, pharmaceutical industry and personal care. The pharmaceutical segment
dominated the global dietary supplement market in 2019. The segment is expected
to generate revenue of US$ 122.0 billion by 2026. Dietary supplements are
recommended by health care provider if foods that provide important nutrients
are lacking, or when a vitamin or mineral deficiency has been diagnosed. Based
on functionality these supplements are broadly bifurcated into the additional
supplement, medicinal supplements and sports nutrition. Sports supplements are
powders, pills or drinks used to build muscle, lose weight, or improve
endurance. In 2019, Medicinal supplements occupied the maximum share of 47.9%.
Medicinal supplements such as folic acid, iron and calcium among others are
prescribed by doctors during pregnancy or are useful in reducing the risk of
certain diseases. However, the Sports nutrition segment is expected to witness
the highest CAGR of 6.4% during the analyzed period. These supplements are
available for sales through several sales channels including Convenience
Stores, supermarket/hypermarket, drug store and others (online). In 2019, drug
stores dominated the market, however, Others (Online) sales channels are
expected to witness the highest CAGR growth during the forecast period
2020-2026.
For
Regional/country-level analysis of the overall developments in the dietary
supplement, sector browse through - Dietary Supplement Market
For a deep-dive analysis of the industry, detailed
country-level study is conducted for major regions/countries including North America (US, Canada, Rest of North America),
Europe (Germany, UK, France, Italy, Poland, Rest of Europe), Asia-Pacific
(China, Japan, India and Rest of Asia-Pacific) and Rest of the World. Asia-Pacific
is considered the largest market due to factors such as rising awareness and
rising healthcare spending in countries such as China, India and the growing
elderly population in Japan. Asia-Pacific is expected to generate revenue of
US$ 131.39 billion by 2026. Some of the major players profiled in the global
Dietary Supplement study include Amway, Abbott Laboratories, Pfizer, Arkopharma
Laboratoires Pharmaceutiques, Ricola AG., Nu Skin Enterprises, Inc., Naturalife
Asia Co., Ltd., Omega Protein Corporation., Archer Daniels Midland, The
Nature’s Bounty Co., Himalaya Global Holdings Ltd, GlaxoSmithKline, Herbalife
International, Pharmavite LLC., Integrated BioPharma, Inc., Glanbia, Bayer,
Bionova Lifesciences, Nutraceutics Corporation and Ekomir. Key players are also
increasing their businesses by setting up new community centers and elder care
homes or increasing their expenditure on R&D.
Global Dietary Supplement Market Segmentation
Market Insights, by Product Type
- Vitamin Supplement
- Mineral Supplement
- Botanical Supplement
- Fatty Acid Supplement
- Proteins & Amino Acids
- Others
Market Insights, by Form
- Tablets
- Capsules
- Powders
- Liquids
- Other Forms
Market Insights, by Functionality
- Additional supplement
- Medicinal supplements
- Sports nutrition
Market Insights, by Application Area
- Food & Beverage
- Pharmaceutical
- Personal Care
Market Insights, by End-user
- Pediatrics
- Adult Women
- Adult Men
- Baby Boomers
Market Insights, by Distribution Channel
- Convenience Stores
- Supermarket/Hypermarket
- Drug store
- Others (Online)
Market Insights, by Region
- North America Dietary Supplement market
- United States
- Canada
- Rest of North America
- Europe Dietary Supplement market
- Germany
- United Kingdom
- France
- Italy
- Poland
- Rest of Europe
- Asia Pacific Dietary Supplement market
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World Dietary Supplement market
Top Company Profiles
- Amway
- Abbott Laboratories
- Pfizer
- Arkopharma Laboratoires Pharmaceutiques
- Ricola AG.
- Nu Skin Enterprises, Inc.
- Naturalife Asia Co., Ltd.
- Omega Protein Corporation.
- Archer Daniels Midland
- The Nature’s Bounty Co.
- Himalaya Global Holdings Ltd
- GlaxoSmithKline
- Herbalife International
- Pharmavite LLC.
- Integrated BioPharma, Inc.
- Glanbia, Bayer
- Bionova Lifesciences
- Nutraceutics Corporation
- EkomirBaxter Healthcare
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have your own business need, hence we also provide fully customized solutions
to clients. The Global Dietary Supplements Market can be customized to the country level
or any other market segment.
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