Global Personal Dietary Supplements Market, By Type (Vitamins, Minerals, Herbal, Amino Acids, Enzymes, Probiotics), By Function (Additives, Pharmaceuticals, Sports Nutrition), By Dosage Forms (Tablets, Capsules, Powders, Liquids, Others), By Application (Nutritional Supplements, Medicines, Sports Nutrition, Lifestyle Diseases, Hereditary Diseases, Others) By End Use (Hospitals, Clinics, Home Care, Health and Fitness Centers, Outpatient Care, Others) By region (North America, Latin America, Europe, Asia. Pacific, Middle East and Africa) - Industry Trends and Forecast to 2030.
Global Personal Dietary Supplements Market
Global Personal Dietary Supplements Market is expected to reach USD 5.13 million by 2022, which will reach USD 9.75 million in 2030, registering a CAGR of 8.35% during the forecast period 2023-2030.
A dietary supplement is a manufactured product designed to supplement the diet in the form of a pill, capsule, tablet, powder or liquid. Individualized nutrition focuses primarily on improving health through genetic, phenotypic, medical and nutritional information. Personalized nutrition primarily uses information about individual characteristics to provide targeted nutritional advice, services or products that guide or assist people with the best source of information to promote better health.
Market Drivers
Increasing emphasis on physical fitness Individual dietary supplement products are becoming more and more popular, especially among athletes and people with heavy physical activity. Increasing emphasis on staying fit and healthy and greater participation in sports, sports clubs, fitness clubs and gyms. These are some of the main factors fueling the growth of the individual nutritional supplements industry. Contains organic and high-quality ingredients as consumers are increasingly concerned about the use of product ingredients, the use of organic ingredients in the formulation of personalized dietary supplements is gaining ground. In addition, the growth of individual nutritional supplements is driven by the increase in demand from casual consumers who do not actively engage in strenuous physical activity.
Market Restraints
Lack of awareness and high costs associated with products Strict regulations and high costs of RandD activities limit the growth of amino acids in the nutritional supplements market during the mentioned period. However, increasing use of multi-page labelling and consumer mistrust pose challenges to the growth of the individual dietary supplement market. This Personal Dietary Supplements market report includes information on new recent developments, business rules, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and local market players, analysis opportunities based on new revenue pockets, and changes. in market regulation, strategic market growth analysis, market size, category market growth, application niches and governance, product approval, product launch, geographic expansion, and technological innovations in the market.
Market Opportunities
Expanding the fitness industry. Growing number of gyms and increasing participation of women are expected to drive the growth of the market. The growing millennial population along with increased social media marketing will continue to add many opportunities, leading to the growth of the individual nutritional supplements market during the forecast period.
Impact of COVID-19
The COVID-19 epidemic has put enormous pressure on the health food industry and the nutrition industry. Many frontline workers, including doctors, nurses, other medical professionals, hygienists or cleaners and others, are working hard to prevent the spread of the new coronavirus. To fight this disease, government agencies have advised citizens to eat healthy and nutritious foods. This is expected to drive demand for personalized nutritional supplements that promote good health and optimal body function by providing essential nutrients. Personal nutritional supplements are essential for the growth and repair of human cells and tissues. In addition, easy availability of online shopping channels is boosting market growth
Market Segmentation
Global Personal Dietary Supplements Market is segmented on the basis of By Type, By Function, By Dosage Forms, By Application, By End Use.
Based on the By Type market is segmented into vitamins, Minerals, Herbal, Amino Acids, Enzymes, Probiotics. Further market is segmented into By Function market is segmented into Additives, Pharmaceuticals, Sports Nutrition. By Dosage Forms market is segmented into Tablets, Capsules, Powders, Liquids, Others. By Application market is segmented into Nutritional Supplements, Medicines, Sports Nutrition, Lifestyle Diseases, Hereditary Diseases, Others. By End Use market is segmented into Hospitals, Clinics, Home Care, Health and Fitness Centers, Outpatient Care, Others.
Regional Analysis
Global Personal Dietary Supplements Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America North America dominates the personalized nutrition supplements market due to factors such as increasing awareness about health and obesity in the region, which is fueling the growth of the personalized nutrition market in the region. Asia Pacific is expected to grow the fastest in the global market. The Asia-Pacific food amino acid market in food supplements is driven by the growing use of food amino acids in the food sector as a flavor enhancer, and increased customer concern about healthy eating.
Key Players.
Various key players are listed in this report such as Glanbia plc, Now Health Group, Inc, Nutiva Inc, The Simply Good Food Co, Iovate Health Sciences International Inc., MusclePharm Corporation, Kerry, CytoSport, Inc., The Nature's Bounty Co, Reliance Vitamin Company, Inc, Herbalife Nutrition, Inc., Danone SA
Market Taxonomy
By Type
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