Dietary Supplements Market To Reach $245.62 Billion By 2027 – Global Insights On Share, Price Trend, Key Stakeholders, Value Chain Analysis, Drivers, Restraints And Business Opportunities: Proficient Market
Proficient Market unravels its new study titled “Global Dietary Supplements Market – Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2019 – 2027″. Effective exploratory techniques such as qualitative and quantitative analysis have been used to discover accurate data.
According to the report, Global Dietary supplements Market in 2019 stood at USD 133.15 billion and is expected to reach USD 245.62 billion by 2027 growing at a CAGR of 9.1% from 2020 to 2027.
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A dietary supplement is a product when incorporated by individuals it is intended to work as a supplement to the diet and is added to the diet to improve the overall health. As food alone cannot always provide all the nutrients hence dietary supplements have been made. Dietary supplements aid in providing essential nutrients that are extracted from various food sources or synthetics and also help individuals (adults, infants, body builders and others) lead healthier lifestyles. Various dietary supplements contain different ingredients according to their purpose and some include animal sources (collagen from chicken/fish) & plant substances (polyphenols/pigments). Dietary supplements come in the form of capsules, pills, tablets or liquid. And are widely used due to their benefits for various health risks and mainly weight management.
Dietary Supplements Market Key Players: The research study includes profiles of leading companies operating in the global Dietary supplements market. Key players profiled in the report include:
Omega Protein Corporation
Naturalife Asia Co. Ltd.
Koninklijke DSM N.V.
The Himalaya Drug Company
Nu Skin Enterprises Inc.
Surya Herbal Ltd.
Nu Skin Enterprises Inc.
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Drivers for the Global Dietary Supplements Market: Rising demand of dietary supplements to lead a healthy lifestyle, increasing obesity cases that can lead to heart diseases, increasing health care expenses, weight management programs, rapid urbanization and increased number of gyms & fitness studios that contain cafe’s which provide dietary supplements in the form of shakes & smoothies, malnutrition is one of the major problems in kids and hence to overcome these cases. These factors are owing to increase disposable income and growth of the industry.
Opportunities for the Global Dietary supplements Market: Moreover, due to the high usage and popularity of internet the knowledge of dietary supplements is spread easily among people, healthy life style concerns are becoming a trend and rise in diseases and various health conditions that can be cured through the natural and probiotic dietary supplements. Hence these factors are going to aid in providing opportunities for the future growth of the market.
Restrains for the Global Dietary Supplements Market: However, high cost of the products & also raw materials to make the supplements, every dietary supplement before being released into the market has to first get approval & show affects and then only can be released and sometimes causes adverse health effects to individuals as some of the ingredients used are not confirmed to aid health but are used due to their beneficial biological affect. Hence these factors can hamper the growth of the dietary supplement market.
Region Wise, Global Dietary Supplements Market Analysis: Asia-Pacific held major share in the market due to investment in new inventions, general economic conditions, increased number of athletes and sports professionals, increase in the economy, increased health risks and diseases which can be controlled by dietary supplements. Besides North America and Europe held a large share in the market.
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Global Dietary Supplements Market: Product analysis
Proteins & Amino Acids
Fibers & Specialty Carbohydrates
Omega Fatty Acids
On the basis of type, Vitamins accounted for largest share of total revenue generated. Because, it is mostly used in the making of dietary supplements, it has a capability to be easily excreted by kidneys and is easily available in the form of multivitamin tablets, powders, & liquids and hence it is majorly used by working professionals and sports athletes.
Global Dietary Supplements Market: Application analysis
Energy & Weight Management
Bone & Joint Health
The demand of Global Dietary Supplements Market is highest from Energy and weight management, due to the increasing government initiatives towards encouraging healthy diet, inclination of online weight loss advertisements & activities and increase in the number of gyms and body building programs in order to have a healthy lifestyle.
Global Dietary Supplements Market Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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