Global Multivitamin And Mineral Supplements Market 2024-2028
The multivitamin and mineral supplements market is forecasted to grow by USD 2978.8 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the multivitamin and mineral supplements market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of multivitamin and mineral supplements by growing aging population, increasing adoption of preventive measures for lifestyle-related diseases, and expanding retail space.
Technavio's multivitamin and mineral supplements market is segmented as below:
By Application
- Eye health supplements
- Bone and joint supplements
- Heart health supplements
- Other supplements
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the increasing number of product launches as one of the prime reasons driving the multivitamin and mineral supplements market growth during the next few years. Also, growing popularity of private-label brands and emergence of customized multivitamin and mineral supplement offerings will lead to sizable demand in the market.
The report on the multivitamin and mineral supplements market covers the following areas:
- Multivitamin and mineral supplements market sizing
- Multivitamin and mineral supplements market forecast
- Multivitamin and mineral supplements market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading multivitamin and mineral supplements market vendors that include Abbott Laboratories, Amway Corp., Archer Daniels Midland Co., BASF SE, Bausch Health Companies Inc., Bayer AG, Cargill Inc., Glanbia plc, Innophos Holdings Inc., International Flavors and Fragrances Inc., Kappa Ingredients GmbH, Natures Bounty, New Chapter Inc., Otsuka Pharmaceutical Co. Ltd., Pfizer Inc., Pharmavite LLC, Pinnacle Health Nutrition Ltd., Reckitt Benckiser Group Plc, Swisse Wellness Pty Ltd., and ZeaVision LLC. Also, the multivitamin and mineral supplements market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.