Dietary Supplements Market Analysis

  • Report ID: 6075
  • Published Date: May 24, 2024
  • Report Format: PDF, PPT

Dietary Supplements Market Analysis

Type (Vitamins & Minerals, Botanicals, Proteins & Amino Acids, Fatty-Acids, Prebiotics & Probiotics)

Proteins & amino acids segment is set to dominate around 38% dietary supplements market share by the end of 2036. Many countries are experiencing an increase in vitamin deficiencies, thus people are turning to vitamin supplements to make up for this. As per the data provided by WHO, it is believed that over 2 billion individuals worldwide suffer from deficiencies in important vitamins and minerals, specifically iron, zinc, iodine, and vitamin A.

The demand for minerals is increasing because deficiency in these elements can cause serious health problems in both adults and expectant mothers. In the next years, there will likely be a rise in bodybuilding and weight loss activities, which will drive up demand for protein supplements. The for herbal dietary supplements market has shown substantial value sales growth, with botanicals coming in second.

Growing consumer awareness of the health benefits of eating plant-based foods and a rise in health-conscious consumers are the main factors driving the market for herbal supplements. Some of the main herbal dietary supplements that have become increasingly well-known recently are cranberries, horehound, yohimbe, black cohosh, senna, cinnamon, and flaxseed.

Form (Tablets, Capsules, Powders, Gummies, Softgels, Liquids)

Softgels segment in the dietary supplements market is set to showcase growth rate of over 6.3% between 2024 and 2036. The segment growth can be credited to compared to pills and hard capsules, soft gels offer a number of benefits and appealing characteristics. Because soft gelatin capsules are easy to swallow and quickly dissolve, it is estimated that they will greatly accelerate the rate at which active ingredients are absorbed. Furthermore, it is estimated that these capsules are customized for specific uses. Another benefit of soft gels is their extraordinary versatility. A vast range of shell colors, shapes, and sizes are available to help products stand out in the marketplace.

The cost-effectiveness and simple packaging of soft gel supplements are other factors contributing to their rising popularity. Their benefit is that they have exactly specified dosages, which liquid or other forms do not have. Because of this distinction, soft gel supplements are now more widely used than liquid ones. For instance, the US-based multinational company Catalent Inc. announced the release of Optigel DR softgel capsules in October 2020. Pectin is used in the formation of the medications, which are made with OptiGel DR technology.

Our in-depth analysis of the dietary supplements market includes the following segments:

          Type

  • Vitamins & Minerals
  • Botanicals
  • Proteins & Amino Acids
  • Fatty-Acids
  • Prebiotics & Probiotics

          Form

  • Tablets
  • Capsules
  • Powders
  • Gummies
  • Softgels
  • Liquids

          Health Applications

  • General Health
  • Bone & Joint Health
  • Energy & Weight Management
  • Gastrointestinal Health
  • Immunity
  • Cardiac Health
  • Diabetes
  • Brain/Mental Health
  • Skin/Hair/Nails

 

          Distribution Channels

 

  • Pharmacies & Drug Stores
  • Supermarkets/Hypermarkets
  • Online Retail

          End User

  • Children
  • Women
  • Men
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Author Credits:  Parul Atri


  • Report ID: 6075
  • Published Date: May 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of dietary supplementary was over USD 90.03 billion.

The market size for dietary supplementary is projected to cross USD 248.4 billion by the end of 2036 expanding at a CAGR of 8.8% during the forecast period i.e., between 2024-2036.

The major players in the market are Pfizer Inc, Bayer AG, Glanbia PLC, Abbott, Archer Daniels Midland Company, Herbalife International of America, Inc., GlaxoSmithKline plc, Himalaya Global Holdings Ltd., Amway Corporation, and others.

The vitamins & minerals segment is anticipated to garner a share of 38% during 2024-2036.

The North America dietary supplements sector is poised to hold 34% share by the end of 2036.
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