Dietary Supplements Market by Product Type (Capsules, Tablets, Liquids, Soft Gels, Powder and Others), Ingredients (Vitamins, Botanicals Minerals, Proteins, Omega Fatty Acids, Fibres, Speciality Carbohydrates and Others), Applications (Bone and Joint Health, General Health, Energy And Weight Management, Immunity, Gastrointestinal Health, Cardio Health, Diabetes, Anti-Cancer and Others), Distribution Channels, End-Users, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast to 2027

Newark, NJ, May 19, 2022 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, The global dietary supplements market is expected to grow from USD 125.3 billion in 2019 to USD 242.43 billion by 2027, at a CAGR of 8.6% during the forecast period 2020-2027. Among all the regions, North America is projected to grow at an impressive CAGR over the forecasted years. It dominates the dietary supplements market. Increasing demand for sports nutrition products, growing health awareness, and the need to sustain a level of nutrition level are some of the factors which have contributed to the market growth. Asia-Pacific is another region which is growing at a significant rate owing to the growing health awareness and increased government initiatives.

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Key players of dietary supplements market are Nature’s Sunshine Forms, Bionova Lifesciences, Herbalife International, Archer Daniels Midland, Pfizer, Amway, Abbott Laboratories, Bayer, Nu Skin Enterprises, Carlyle Group, GlaxoSmithKline, NBTY Inc., Glanbia, Arkopharma Laboratories Pharmaceutiques and others. Many of the companies have tied up with the e-commerce giants to increase their sales.

The product type segment includes capsules, tablets, liquids, soft gels, powder and others. Tablet is the dominant segment as it is cost-effective and easy to manufacture. They also have a high shelf life and can be easily packed. The ingredient segment includes vitamins, botanicals minerals, proteins, omega fatty acids, fibres, speciality carbohydrates and others. Among these, vitamin is the most used ingredient in dietary supplements. It is because vitamins are vital nutrients, and they are needed for increasing immunity. They can be easily excreted by the kidneys. Further, vitamins are required by working professions and athletes. The application segment includes bone and joint health, general health, energy and weight management, immunity, gastrointestinal health, cardio health, diabetes, anti-cancer and others. Energy and weight management accounts for the most significant application share. Dietary supplements are used majorly for weight management and for providing energy to the body. The distribution channels include end-users pharmacies and drug stores, supermarkets, hypermarkets, online channels and others. Supermarkets account for the majority of the sales. They have the trust value of the consumers as they conduct consumer sentiments analysis and offer a wide range over price bands. The end-users segment includes adults, geriatric, pregnant women, children and infants, sportsperson. Out of all, adults are the dominant user. The rising awareness for health, need for weight management, and energy requirements are the factors why adults account for the majority of demand for dietary supplements.

Dietary supplements help in providing the nutrients necessary to the human body. They contain vitamin, mineral, fibres, amino acids, etc. and thus are vital for fulfilling the energy requirements. Dietary supplements provide these to the body which are otherwise hard to find in the typical food. They are widely used for bone health of children, for increasing the immunity of athletes and fulfilling of any deficit nutrients in the body. These are also helpful in the prevention and treatment of many diseases. The growing awareness for health is the primary factor for the increasing demand for dietary supplements. Further, the health benefits provided by it had enabled the paediatricians and nutritionists to recommend it to the consumers. The rapid urbanization and increase in disposable income are the factors contributing to the market growth.

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About the report:

The global dietary supplements market is analysed on the basis of value (USD Billion). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

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