Vitamin Supplements Market Size, Global Industry Size, Growth, Manufacturers, Segments and Forecast: 2023-2029

The Vitamin Supplements Market size was valued at USD 52.40 Billion in 2022 and the total Vitamin Supplements revenue is expected to grow at a CAGR of 7.4% from 2023 to 2029, reaching nearly USD 86.37 Billion.

Vitamin Supplements Market Overview

MMR’s recent Vitamin Supplements Market research report offers an in-depth analysis of the Vitamin Supplements Market including key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, top players, market size, share, new product launches, technological innovations, and growth contributors. 

Vitamin Supplements Market Report Scope and Research Methodology

The Vitamin Supplements Market report provides comprehensive information on market applications and key strategies, encompassing various driving and restraining factors. It analyses market trends, volume, cost, share, supply and demand, and product performance. Utilizing qualitative and quantitative data gathered from primary research resources like free and paid databases, surveys, and Google forms, the report employs tools like SWOT and PESTLE analysis to gain a deeper understanding of the Vitamin Supplements Market.

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Residential Security Market Dynamics: 

The fortification of foods and beverages reflects the significant demand for vitamin supplements. Because packaged and processed foods are easier to use, customers overwhelmingly favour these food items. To maximise shelf life, flavour, texture, and appearance, food is heavily processed, which reduces its nutritional content. In order to replenish the lost nutrients, this diet must be fortified with vitamins. Additionally, there are supplements available for use as preventative medicine and to fulfil the body’s daily Recommended Dietary Allowance (RDA) as it ages. In order to satisfy regulatory standards and make label claims, food companies are consequently increasingly demanding vitamin supplements for their products, which is fueling the expansion of the vitamin supplements market during the course of the forecast period.

Vitamin Supplements Market Regional Insights

The Asia Pacific region held the largest market share in 2022. India is expected to have a major share of the market in the region. The North American region is expected to witness significant growth through the forecast period. 

Vitamin Supplements Market Segmentation

Based on Form, the Tablets segment held the largest market share in 2022 for vitamin supplements worldwide. Throughout the projection period, the segment is anticipated to expand at a CAGR of 6.8%. Tablets are widely used by people all over the world because of their benefits, including their affordability, longer shelf life, and convenience of use. Additionally, the natural coating improves the tablets’ quality, potency, and disintegration. As a result, the segment is anticipated to have significant growth over the course of the projection period thanks to growing table acceptance and strong physician recommendations.

Based on the distribution channel, the offline sector held the largest market share of more than 60% in 2022 for the global market for vitamin supplements. By 2029, the market is anticipated to remain dominant after expanding at a CAGR of 7.1% over the forecast period. Brick-and-mortar stores’ extensive product selection, simplicity of product selection, ability to purchase these items alongside everyday groceries under one roof, in-store promotions and discounts, salespeople’s influence, etc. are just a few of the factors that contribute to an increase in product sales and the growth of the segment.

1. Global Vitamin Supplements Market, by Type (2021-2029)
• Vitamin A
• Vitamin B
• Vitamin C
• Vitamin D
• Vitamin E
• Vitamin K
• Multivitamin
2. Global Vitamin Supplements Market, by Form (2021-2029)
• Powder
• Tablets
• Capsules
• Softgels
• Gummies
• Others
3. Global Vitamin Supplements Market, by Distribution Channel (2021-2029)
• Offline
o Hypermarkets/Supermarkets
o Specialty Stores
o Medicals and Pharmacies
o Others
• Online
4. Global Vitamin Supplements Market, by End-Users (2021-2029)
• Pediatric
• Adults
• Geriatric
• Pregnant Women
• Children and Infants
Global Vitamin Supplements Market, by Region (2021-2029)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

 

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Vitamin Supplements Market Key Players

• Koninklijke DSM NV (Netherlands)
• Glanbia PLC (Ireland)
• ADM (US)
• BASF (Germany)
• Lonza Group (Switzerland)
• Adisseo (France)
• Vitablend Nederland BV (Netherlands)
• SternVitamin GmbH (Germany)
• Farbest-Tallman Foods Corporation (US)
• The Wright Group (US)
• Zhejiang Garden Biochemical High- Tech Co., Ltd (China)
• NewGen Pharma (US)
• Rabar Pty Ltd. (Australia)
• Resonac (Japan)
• BTSA BIOTECNOLOGÍAS APLICADAS SL (Spain)
• Amway Corp (US)
• American Health Formulations (AHF) (US)
• Fullwell LLC. (US)
• Garden of Life, LLC (US)
• HEALTHY LIFE PHARMACEUTICALS PRIVATE LIMITED (India)
• Klean Athlete (US)
• Llama Naturals (US)
• now foods (US)
• nordic naturals (US)
• Olly PBC (US)
• Pharmavite (US)
• RBK Nutraceuticals (Australia)
• The Nature’s Bounty Co. (US)
• VITAL PROTEINS, LLC, (US)
• Good Health (India)

Key questions answered in Vitamin Supplements Market are:

• What is Vitamin Supplements Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for Vitamin Supplements Market?
• Which factors are the lucrative opportunities for the Vitamin Supplements Market growth?
• How is the intervention from regulatory authority is shaping the Vitamin Supplements Market?
• What growth strategies are the players considering to increase their presence in Vitamin Supplements Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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