Dietary Supplements Market Share, Size, Trends, Industry Analysis Report, By Type; By Form; By Application; By Distribution Channel; By End-Use (Adults, Children, Infants, Pregnant Women, Geriatric); By Region; Segment Forecast, 2023 - 2032
The global dietary supplements market size is expected treach USD 380.12 billion by 2032, according ta new study by Polaris Market Research. The report “Dietary Supplements Market Share, Size, Trends, Industry Analysis Report, By Type; By Form; By Application; By Distribution Channel; By End-Use (Adults, Children, Infants, Pregnant Women, Geriatric); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.
The dietary supplements market is expected texperience growth due tseveral factors, including the growing number of sports complexes and gyms, increased customer focus on a balanced diet, rising obesity rates, and greater consumer awareness of health issues.
Additionally, using clean, safe, and organic ingredients in dietary supplement production is becoming more widespread, which is expected tdrive demand for these products. As consumers become more concerned about the quality and safety of their products, the trend towards clean labeling and organic ingredients is likely tcontinue, supporting the growth of the dietary supplements market.
And increased consumer awareness regarding personalized or customized nutritional supplements has spurred interest in the dietary supplement market worldwide, resulting in growth. Furthermore, the nutraceuticals and supplement industry's research and development investments and technological advancements are anticipated tdrive market growth.
In recent years, there has been a shift in the global healthcare industry from curative practices tpreventive management, with an increasing emphasis on care management and paying for value. Healthcare costs are high in many regions worldwide, leading consumers tturn thealth supplements as a cost-effective preventative measure.
Consumers alsadopt a personalized healthcare approach, seeking preventive products and services for simpler metabolic disorders. All-natural and vegan supplements are gaining popularity, and there is a growing interest in supplements that promote gut health, leading tsignificant growth in the probiotics market. Dietary supplement producers are expanding their product offerings by exploring new applications, formulations, and therapeutic benefits tcapitalize on these trends. This approach is expected tboost sales and increase the market growth.
Dietary Supplements Market Report Highlights
Vitamin segment dominated the market and has the largest revenue share. It will likely continue its dominance over the projected period due tthe increasing demand for energy and weight management for working professionals and sports athletes.
Tablet segment dominated the market because it’s convenient tuse an oral dose as a tablet. Also, it’s portable, easy tswallow, and can be formulated with various ingredients.
Energy and weight management segment are projected tgrow at the fastest rate over the projected period because of the increasing prevalence of sedentary lifestyles, obesity, and high-stress level.
Offline store segment includes various stores with links between the manufacturers and customers, which are the major factors that propel the segment growth.
Adult segment is expected tdominate the market over the forecast period due tthe growing number of diseases among adults and the rising changes in lifestyle and sedentary work styles.
North America dominated the market and has the largest revenue share. It will grow steadily over the projected period due tthe growing use of high nutritional value and low-calorie products.
The global key market players include Abbott, Glanbia, Plc, The Archer-Daniels-Midland Company, Nature’s Sunshine Products, Inc., GlaxoSmithKline plc, Amway Corp., Abbott Laboratories, Arkopharma, NOW Foods, Herbalife International of America, Inc., XanGo, LLC, Nu Skin Enterprises, Inc., PharmaNutrics Himalaya Global Holdings Ltd., Nutraceutics Corp., Pfizer Inc., and Bayer AG.
Polaris Market Research has segmented the Dietary Supplements market report based on type, form, application, distribution channel, end-use, and region:
Dietary Supplements, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Vitamins
Minerals
AminAcids
Botanicals
Probiotics
Enzymes
Others
Dietary Supplements, Form Outlook (Revenue - USD Billion, 2019 - 2032)
Tablets
Capsules
Gummies
Powder
Soft Gels
Liquids
Others
Dietary Supplements, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Energy & Weight Management
Bone & Joint Health
Immunity
General Health
Cardia Health
Others
Dietary Supplements, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Online Platforms
Offline Stores
Dietary Supplements, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Adults
Children
Infants
Pregnant Women
Geriatric
Dietary Supplements, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
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