The healthy aging supplement global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Healthy Aging Supplement Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The healthy aging supplement market size has grown strongly in recent years. It will grow from $1.42 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increase in the prevalence of heart diseases, growing awareness of preventive health, changes in dietary habits, rising interest in holistic wellness, and growing popularity of online retailers.
The healthy aging supplement market size is expected to see strong growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing longevity, rising health consciousness, growing geriatric population, growing popularity of online retailers, and increasing middle-class population. Major trends in the forecast period include innovations in personalized supplements, expansion of gut health formulations, advanced bioavailability technologies, innovations in natural and organic ingredients, and the development of innovative anti-aging products.
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Scope Of Healthy Aging Supplement Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Healthy Aging Supplement Market Overview
Market Drivers –
The increasing health consciousness is expected to propel the growth of the healthy aging supplements market going forward. Health consciousness refers to the awareness and active pursuit of maintaining and improving personal health through lifestyle choices, diet, and regular exercise. The increasing health consciousness can be attributed to advancements in medical research, higher health education levels, rising healthcare costs, the impact of lifestyle diseases, and a greater emphasis on mental well-being. Healthy aging supplements help increase health consciousness by supporting aging-related concerns and encouraging proactive health management and informed lifestyle choices. For instance, in May 2022, according to a survey study among 1,005 American adults aged 18–80 and adult Gen Z consumers ages 18-24 conducted by the International Food Information Council, a US-based non-profit organization, around 52% of the participants followed a specific diet or eating pattern, up from 39% in 2021. Additionally, the top choices were clean eating (16%), mindful eating (14%), and calorie counting (13%). Therefore, the increasing health consciousness is driving the growth of the healthy aging supplements market.
Market Trends –
Major companies operating in the healthy aging supplements market are focused on developing innovative solutions such as olive polyphenols to enhance longevity and wellness. Olive polyphenols are antioxidants from olives used in supplements to support heart health and reduce inflammation. For instance, in July 2024, Bayer AG, a Germany-based pharmaceutics company, launched a One A Day Age Factor Cell Defense to its multivitamin and supplement range. This product is designed to combat cellular aging from within, addressing the challenges cells face over time, particularly their ability to manage everyday stressors. The supplement features olive polyphenols, antioxidants derived from olive fruit extract that help defend against oxidative stress, a critical factor in cellular aging. The formula includes Omega-3 fatty acids, resveratrol, astaxanthin, vitamins C and D, and niacin (Vitamin B3). These ingredients work together to enhance cell resilience and support overall cell health.
The healthy aging supplement market covered in this report is segmented –
1) By Product: Minerals, Vitamins, Coenzyme Q10, Collagen, Biotin, Hyaluronic Acid, Other Products
2) By Form: Tablets, Powder, Liquid, Capsules
3) By Distribution Channel: Stored Based Retailing, Drug Stores And Pharmacies, Health And Wellness Stores, Other Retailers
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Regional Insights –
North America was the largest region in the healthy aging supplement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthy aging supplement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the healthy aging supplement market are Nestle SA, Bayer AG, Beiersdorf AG, Kerry Group PLC, Amway Corporation, Glanbia PLC, Otsuka Pharmaceutical Co. Ltd., Nature’s Bounty Co., Dr Reddy’s Laboratories, GNC Holdings LLC, Blackmores Limited, Life Extension, MegaFood, Natrol Inc., HUM Nutrition Inc., Thorne HealthTech, BioTech USA LLC, NeoCell Corporation, Healthy Life Pharma Private Limited, Cureveda LLC, HealthyCell, Nutrova, Wellbeam Consumer Health LLC
Table of Contents
1. Executive Summary
2. Healthy Aging Supplement Market Report Structure
3. Healthy Aging Supplement Market Trends And Strategies
4. Healthy Aging Supplement Market – Macro Economic Scenario
5. Global Healthy Aging Supplement Market Size and Growth
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32. Global Healthy Aging Supplement Market Competitive Benchmarking
33. Global Healthy Aging Supplement Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Healthy Aging Supplement Market
35. Healthy Aging Supplement Market Future Outlook and Potential Analysis
36. Appendix
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