North America Dietary Supplements Market Outlook, 2027

North America Dietary Supplements Market Outlook, 2027

Dietary supplements are products designed to augment consumer’s daily intake of nutrients, including vitamins, proteins, probiotics and minerals. Many dietary supplements are safe and offer significant health benefits, but there are some of that pose health risks, especially if overused. Dietary supplements include amino acids, fatty acids, enzymes, probiotics herbals, botanicals, and animal extracts. For example large doses of vitamin B3 can help raise good high-density lipoprotein (HDL) cholesterol, while folic acid has long been used to reduce the risk of a birth defect called spinabifida (birth defect in which an area of the spinal column doesn't form properly leaving a section of the spinal cord and spinal nerves exposed through an opening in the back). Antioxidants like ascorbic acid, B complex and tocopherol may reduce the toxic effect of chemotherapy drugs. People able to get all the nutrients, need from a balanced diet However, supplements can provide extra nutrients when diet is lacking or certain health conditions such as cancer, diabetes, chronic nephrosisor chronic diarrhoea trigger a deficiency. Most of the dietary supplements are safe as long as large doses of certain nutrient can have the adverse effects. Even overdose on certain supplements, risking serious harm and death. Vitamin B6 (pyridoxine) can also reduce the effectiveness of the anti-seizure drug Dilantin (phenytoin) and levodopa (used to treat Parkinson's disease), antiopthalmic factorused with retinoid acne medications such as Accutane (isotretinoin) and Soriatane (acitretin) can causes vitamin A toxicity, Iron and calcium supplements can reduce the effectiveness of antibiotics, namely tetracyclines and fluoroquinolones, Vitamin C can cause diarrhea when taken in doses higher than the gut can absorb (but some patients can tolerate 5,000mg to 25,000mg per day), Selenium boron, and iron supplements may be toxic if taken in large amounts.

According to the report title “North America Dietary Supplements Market Outlook, 2027”, published by Bonafide Research, The North America dietary supplements market size was valued at USD 55.13 billion in 2021 and is expected to expand at a CAGR of more than 6% from 2022 to 2027.

The U.S. and Canada have emerged as leading markets for dietary supplements in North America. The energy and weight management application segment led the market for dietary supplements with a revenue share of more than 29% in 2021. Other application of dietary supplements includes general health, bone & joint health, cardiac health, gastrointestinal health, anti-cancer, immunity, diabetes, lungs detox/cleanse, obesity and othersthe offline distribution channel. In Offline subcategories supermarket/hypermarkets, pharmacies, specialty stores, practitioners, and other direct-to-customer channels for offering dietary supplements. Supermarkets/hypermarkets contribute significantly to the sales of dietary supplements in North America owing to higher prevalence. The majority of the dietary supplements are consumed by adult yet certain individual needs them, especially including protecting against birth defects, women who may get pregnant should ingest 400 mcg of folate each day, and 1000 mg calcium either through food or supplements. Folate is a vitamin B9 that is required for the production of genetic elements such as DNA.And calcium is used for the formation of foetal bones.

North America dominated the market for dietary supplements and accounted for the largest revenue share in 2021 due to the increasing consumption of the supplement product and well being. However growing demand for preventive health products to lead healthy and disease free life and rising number of fitness centres health clubs.

Covid impact
Social distancing and regular hand washing are the most effective and proven methods to reduce risk and spread of the coronavirus disease. The lockdown has disrupted product supply chain and also raw material collection issues. Manufacturing facilities also made shut as coronavirus spread among labours were increasing highly. Many are wondering about the more specific role of diet and nutrition during this COVID-19. To understand more about the link between nutrition and immunity, and existing evidence on nutrient status, supplementation, and infection, consuming good quality diets is always desirable and this is particularly important during this pandemic. Eating high-quality sources of protein fat and carbohydrate can help maintain a healthy weight and good metabolic stat Adequate amounts of minerals and vitamins provided by a healthy diet helps to ensure sufficient numbers of immune cells and antibodies, which are important as the body mounts a response to Covid infections.

Major Companies present in the market:
Herbalife Nutrition, AMWAY Corp., Bayer AG, Pfizer Inc., GlaxoSmithKline plc., Abbott Laboratories, Glanbia plc, Archer Daniels Midland Company, Nu Skin Enterprises, Inc., The Bountiful Company, Nature’s Sunshine Products, Inc., Otsuka Holdings Co., Ltd., Stepan Company, DSM, BASF SE

Considered in this report
• Geography: North America
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• North America Dietary Supplements Market with its value and forecast along with its segments
• Country wise Dietary Supplements market analysis
• Application wise Dietary Supplements distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• USA
• Canada
• Mexico

Based on type of dietary supplementsin the report:
• Vitamins
• Minerals
• Botanical/herb supplements
• Amino acid & proteins
• Probiotics
• Others

Based on formulation type of dietary supplementsin the report:
• Tablets
• Capsules
• Powder
• Liquid
• Others

Based on end user of dietary supplementsin the report:
• Adults
• Infant/Children
• Pregnant women
• Others

Based on application type in the report:
• Energy & weight management
• Bone & joint health
• Immunity & digestive health
• General health
• Cardiac health
• Others

Based on distribution channel type in the report:
• Pharmacies & Drug stores
• Supermarkets & Hypermarkets
• Online retails
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to pharmaceutical industry, food & beverage industry, cosmetic industry, nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.