Wellness Supplements Market size was valued at USD 151.9 billion in 2021 and is projected to reach around USD 390.0 billion in 2030 exhibiting a CAGR of 9.0% in the forecasted period.
The growing consumer awareness concerning personal health and wellbeing, increasing dependence on the supplements to fulfil the nutrient requirement owing to their high accessibility are fuelling the market growth. Moreover, rising geriatric population, growing interest in preventive healthcare, and developing interest in attaining wellness over diet are anticipated to augment market growth over the forecast period.
Increasing spending on healthcare products, the rising geriatric population, rising interest in preventive healthcare, and growing interest in attaining wellness through diet are expected to augment market growth over the forecast period. Several health clubs, fitness centers, and gymnasiums coupled with rising awareness about fitness among the youths is projected to grow the demand for energy and weight management. Rising acceptance of sports as a career is estimated to grow the demand for sports nutrition which in turn profits the market for wellness supplements.
The majority of people today utilise health supplements and vitamins to improve their health. A health supplement is a product that combines vitamins, minerals, botanicals, amino acids, enzymes, and a range of other components to give the body additional nutritional value in the form of tablets, capsules, soft gels, gelcaps, liquids, or powders. The market for health supplements is growing due to a variety of factors, including rising urbanisation and changing lifestyles, rising concerns about maintaining health to avoid later treatment, ensuring adherence to advised dietary requirements, treating illnesses, preventing disease occurrence, growing media influence, and word-of-mouth recommendations from friends. However, negative publicity and phoney devotion are two factors that could impede market growth.
Get Free Exclusive PDF Sample Copy of This Research Report https://analyticsmarketresearch.com/sample-request/wellness-supplements-market/22544/
Key Companies Insights
Key players are aiming on their technological partnerships, collaborations, and merger & acquisitions policies to gain a competitive edge and expand their product portfolio & business footmark. The ongoing COVID-19 pandemic hindered the healthcare systems worldwide and driven market players to update products for unexploited prospects.
Some of the key players operating in the global wellness supplements market include:
- Life Extension
- OPTAVIA LLC
- Beachbody LLC
- Nature’s Sunshine Products, Inc.
- Organo Gold
- Thrive Life, LLC
- Phytoscience Trévo
- Oriflame Cosmetics AG
- Melaleuca Inc
- Amway
- Shaklee Corporation
- Arbonne International, LLC
- Forever Living.com
- Juice Plus+
- Abbott
- Herbalife International of America, Inc
- Isagenix Worldwide LLC
- Nikken Inc
- Wellness Resources, Inc
- The Daily Wellness Company
- Otsuka Holdings Co. Ltd
- Glanbia plc
- Nestle
- Nuskin
- USANA Health Sciences
- Other players
Some of the Recent Developments:
- In February 2018, Archer Daniels Midland Company (ADM) signed an agreement with Cargill to initiate a joint venture for offering soybean meal and oil for customers in Egypt.
- In September 2017, Archer Daniels Midlands Company (ADM) collaborated with Mayo Clinic for personalized nutrition products.
Segments
By Dietary Supplements
- Vitamins
- Minerals
- Botanicals
- Probiotics
- Fatty Acids
- Proteins
- Others
By Functional Food & Beverages
- Functional Bakery and Confectionary
- Functional Dairy
- Energy Drink
- Sports Drink
- Infant Formula and Baby Food
- Others
By Consumer Groups
- Infants
- Children
- Adults
- Pregnant
- Geriatric
For more information about this report visit:- https://analyticsmarketresearch.com/reports/wellness-supplements-market/22544/
Frequently Asked Questions About This Report
- How big is the Market?
- What is the Market growth?
- Which segment accounted for the largest Market share?
- Who are the key companies/players in the Market?
- What are the factors driving the Market?
- How has the Covid-19 pandemic affected the Market?
- What is the leading solution segment in the Market?
- What is the leading deployment segment in the Market?
Which enterprise segment accounted for the largest revenue share in the Market
About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
Contact US:
Analytics Market Research
99 WALL STREET, #2124 NEW YORK, NY 10005
Phone: +1(650)-666-4592
Email: [email protected]
Our More Reports: https://analyticsmarketresearch.com/research-reports/information-technology/12
