Research Nester released a report titled “Dietary Supplements Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global dietary supplements market in terms of market segmentation by source, by supplement, by form, by application, by end user, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Dietary supplements consist of essential nutrients in various dosage forms that can be taken to improve the nutrient deficiency as well as enhance the normal body functions. The market for dietary supplements is projected to grow at a significant CAGR of 6.78% over the forecast period, i.e., 2021-2028. Moreover, the global dietary supplements market is anticipated to attain a substantial market value by 2028. The market is segmented by source, by supplement, by form, by application, by end user, by distribution channel and by region. Based on the type of supplement, this market is segmented into vitamins, botanicals, proteins & amino acids, minerals and others, out of which, the vitamins segment is estimated to hold the largest share in the market across the globe, over the forecast period on account of increasing interest of consumers in personal health and wellness.
On the basis of region, the market for dietary supplements is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America is projected to hold the leading share with a share of 33.64% in 2018 which is estimated to grow further by the end of 2028. The growth in the market in this region can be attributed to rising concerns regarding cardiovascular diseases among working professionals on account of irregular and unhealthy dieting patterns. Further, the market in Asia Pacific is estimated to grow at the highest rate as a result of high demand for dietary supplements from countries such as China, India, Japan, and South Korea.
Increasing Demand For Dietary Supplements For Maintaining Health To Drive The Market Growth
The growing demand from an increasing health-conscious consumer base is anticipated to become a major growth factor for the dietary supplements market. Moreover, consumers are increasingly becoming conscious of balanced nutrition and preventive healthcare. However, increasing regulations and complicated testing regimes on dietary supplements act as a restraining factor for the major players operating in dietary supplements market.
This report also provides the existing competitive scenario of some of the key players of the global dietary supplements market which includes company profiling of Abbott, Amway, Bayer, Otsuka, Pfizer Inc., GlaxoSmithKline plc, Herbalife International of America, Inc., NuSkin Enterprises, Arkopharma, Nature’s Bounty and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dietary supplements market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.