The goods that promote health and supplement the diet are referred to as dietary supplements. It cannot be categorised as a medication or a meal replacement. Vitamins, minerals, amino acids, metabolites, herbs, and other botanicals are examples of dietary supplements. These vitamins don’t treat any illnesses, but they do support a healthy body and immune system. The nutritional supplements minimise the chance of developing chronic diseases and supply nutrients. Nutritional supplements can be used orally or topically and come in tablet, capsule, liquid, powder, or gel form. Also utilised for weight gain, bone and joint health, and immunity, these vitamins. No doctor has prescribed these pills.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The global market for dietary supplements is expanding as a result of rising health concerns and rising living standards. Rapid urbanisation has made customers more conscious of health issues, and rising disposable income may also have an impact on the market expansion for dietary supplements. The global industry for nutritional supplements, however, may be threatened if nursing is favoured over dietary supplements. The growing popularity of supplements and the number of athletes competing in sports that emphasise physical strength may open up new opportunities for the expansion of the world market for nutritional supplements. Customers are becoming more interested in bodybuilding and working out, which can help the market for dietary supplements grow.
Growth Factors
The cost of malnutrition is rising daily around the globe. UNICEF estimates that in 2020, there would be 149.0 million stunted children, 40.1 million obese children, and 49.5 million wasting children. Moreover, obesity and overweight are becoming more common in practically every country in the world. The underweight problem primarily affects low income nations, whereas the overweight and obesity problems primarily impact wealthy nations. In 2020, there will be 677.6 million obese adults worldwide. A balanced diet and regular food consumption aid to develop a strong immune system that gives one the ability to fight off many ailments. This is a significant driver of the demand for nutritional diets. among the people of the world.
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The need for nutritional supplements is expanding as a result of shifting consumption patterns, rising fast food consumption, sedentary consumer lifestyles, busy and hectic schedules, and a lack of maintaining a good diet. The primary drivers of the growth of the global nutritional supplements markets are the expanding health consciousness, rising disposable income, rising consumer spending on health and wellness products, and desire for healthy and active lifestyles. The COVID-19 outbreak in 2020 caused people to consume more nutritional supplements in order to maintain a robust immune system. In 2020, the demand for nutritional supplements significantly increased in North America and Europe, and this trend is anticipated to continue during the projection period.
Market Segmentation
Global Dietary Supplement Market: Major Players
Glanbia
Bionova Lifesciences
Nu Skin Enterprises
Carlyle Group
Nature’s Sunshine Forms
Arkopharma Laboratoires Pharmaceutiques
Herbalife International
GlaxoSmithKline
Archer Daniels Midland
Pfizer
Amway
Abbott Laboratories
NBTY Inc.
Bayer
Global Dietary Supplement Market: Types
Vitamins
Minerals
Enzymes
Fatty Acids
Proteins
Others
Global Dietary Supplement Market: Applications
Pharmacies & Drug Stores
Supermarkets & Hypermarkets
Online Channels
Others
Global Dietary Supplement Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Dietary Supplement market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Frequently Asked Questions
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Key Highlights of this Report Include
- What will be market for Global Market by 2032?
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- Up-to-date analyses and consumption
- Analysis of Drivers and Challenges
- Major competitors’ financial highlights
