Liquid Dietary Supplements Market Research Report Information by Ingredients (Vitamins, Minerals, Proteins and Amino acids, and Other Ingredients), Application (Bone Disorders, Cardiac Health Gastrointestinal Health, Sports Nutrition, Weight Management, Other Applications), By Distribution Channel (Online, Offline), And By Region (North America, Europe, Asia-Pacific, Rest of the world) – Industry Forecast Till 2030
The industry for liquid dietary supplements is expected to expand at a compound annual growth rate (CAGR) of 10.16% from 2023 to 2030, when it is expected to reach USD 76,520.0 million. An increase in the population that is health-conscious is one of the main drivers propelling the expansion of the liquid dietary supplement market, which is indicative of the industry's dedication to catering to changing consumer preferences.
Long-term expansion in the global market for liquid dietary supplements is anticipated due to an increasing number of people placing a high priority on their health and wellbeing. Convenient and efficient supplementing methods are in high demand as people realize more and more how important nutrition is to their overall health. Given that liquid dietary supplements are an easily absorbed and taken substitute for conventional pill-based supplements, this shift in consumer behavior offers a substantial opportunity for the market for such supplements. Global health consciousness is rising due to a combination of factors. Growing information availability and rising disposable incomes have given people more control to manage their health. The necessity of proactive actions to preserve good health and preventative healthcare has become more apparent because of this increased knowledge. Furthermore, the acceptance of preventative interventions, such as nutritional supplementation, has been further prompted by the rising prevalence of chronic diseases like diabetes, obesity, and cardiovascular disease. The increased popularity of liquid dietary supplements can be attributed in large part to their convenience and ease of usage.
Insights on Market SegmentsVitamins, minerals, protein, amino acids, and other substances are included in the market segmentation of liquid dietary supplements based on ingredients.
The market is divided into segments according to application, including weight management, sports nutrition, cardiac health, gastrointestinal health, and bone disorders.
Online and offline are included in the market segmentation for liquid dietary supplements depending on the distribution channel.
Regional PerspectivesThe liquid dietary supplement market in North America is projected to grow at a compound annual growth rate (CAGR) of 9.79% and have the greatest market share of 39.60% in 2023. A proactive approach to preventative healthcare, a high level of disposable income, and a well-established culture of health and wellbeing are some of the reasons for the region's steady growth. The growing popularity of liquid supplements as a practical and efficient means of meeting a range of health demands is driving the industry.
With a projected market size of USD 17,148.1 million by 2030, the liquid dietary supplement industry in Europe is predicted to grow from its starting point of USD 6,002.6 million in 2019 to USD 8,955.8 million in 2023. 9.72% is the CAGR between 2023 and 2030. The aging population, growing health and wellness consciousness, and growing demand for liquid supplement formulations are driving the region's growth.
The market for liquid dietary supplements has grown significantly in the Asia-Pacific area. With a projected market value of USD 23,644.7 million by 2030, it grew from USD 7,362.1 million in 2019 to USD 11,466.8 million in 2023. Growing middle-class populations, greater health consciousness, and rising disposable incomes are some of the drivers driving the Asia-Pacific market.
Principal PlayersThe Liquid Dietary Supplements market is dominated by companies such as Abbott Laboratories Inc. (US), Liquid Health Inc. (US), Amway Corporation (US), DSM Nutritional Products AG (Netherlands), Herbalife International of America, Inc. (US), Nestle Health Science (Switzerland), Unilever (Switzerland), and Glanbia plc (Ireland).