North America Dietary Supplement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

North America Dietary Supplement Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The North America Dietary Supplement Market is growing at a CAGR of 4.3% during the forecast period (2020-2025).

Key Highlights

• In North America, the increase in sales of dietary supplements is mainly due to the hectic routines and stress level of the consumers, which has led to a rise in lifestyle diseases such as obesity, blood pressure, and diabetes.
• Vitamins & minerals based dietary supplements are dominating the North America market because of their multiple applications such as nutritional supplements for patients suffering from heart diseases, orthopedic problems; for infants and child nutrition; for sports nutrition; etc.

Key Market TrendsUsage of Dietary Supplements in United States

The usage of dietary supplements has grown significantly in the United States since the past decade or so. Notably, in 2018, 75% of adults in the United States had consumed dietary supplements which is an increase of 10% in the past decade. The healthcare expenditure pattern in the country is rising constantly, with a growing aged population, advanced technology, better medical facilities, and a rise in the number of insured people. These factors are driving the dietary supplement market in the country.

Restricted Dietary Requirements in Mexico

Mexico has the highest obese population after the United States, owing to the higher consumption of fatty food and sugar-heavy drinks. Thus, people seek weight loss products and other products, which might assist in the prevention of obesity-related disorders. Moreover, a significant share of the population is prescribed either of low-fat, low-sodium, low-sugar, low-carb, dairy-free and gluten-free diet patterns. To support the lacking nutritional value and to encounter dietary diseases, a large number of people are opting for dietary supplements.

Competitive Landscape

Amway Corporation, Pfizer Inc., NBTY, Inc., and Herbalife International are some of the major players in the North America dietary supplement industry. Companies are mainly focusing on strengthening their presence as key players, by integrating their business operations across the value chain and through implementing marketing strategies such as personalized nutrition, new product launches, and vegan dietary supplements.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Abbott
Amway Corporation
Glanbia, Plc
Bayer AG
DuPont
The Carlyle Group
Nutraceutics Inc.

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