Dietary Supplements Market Regional Analysis:
North America Market Insights
North America industry is predicted to dominate majority revenue share of 35% by 2035, influenced by prevalence of both chronic and non-chronic ailments in the region. The dietary supplements market growth in the region is also expected on account of the prevalence of both chronic and non-chronic ailments, growing consumer knowledge of dietary supplement use, and an increase in large corporations' R&D expenditures. As per the statistics of CDC; in the US, 6 out of 10 adults suffer from a chronic illness. In the US, 4 out of 10 adults have two or more. As a result of consumers' incresasing reliance on low-calorie and high-nutrient products, it is anticipated to expand gradually over the projection period.
In United States, the trend toward holistic wellness embraces a return to traditional, natural medicines like botanical supplements, which are marketed as a no-risk option with very little chance of adverse health effects. According to the study, around one in three American consumers are interested in using botanicals to improve their mood and mental health, and roughly 43% of consumers believe that botanical substances are useful.
APAC Market Insights
APAC region in dietary supplements market is predicted to witness fastest growth rate till 2035. The country's dietary supplements market is being driven by rising disposable incomes, population growth, and greater knowledge of health supplements. Approximately 4.3 billion people, or 60% of the world's population, live in the Asia and Pacific region, which is home to the most populous nations on Earth.
China is expected to be primarily influenced by online retail platforms, rising consumer awareness, and government regulations. With over half of all e-commerce transactions occurring there, China is the world's largest e-commerce market.
Japan has grown recently as a result of these developing nations' significant aging populations. Japan currently has more than one in ten citizens who are 80 years of age or older, and the nation routinely has the oldest population in the world.
In Korea, the market for sports nutrition supplements is expanding. Many individuals have started participating in sports because popular activities like football, badminton, and skating are prevalent in Korea. Supplements for sports nutrition are being taken to increase practice. According to a 2021 survey, baseball came in second place with 18.8% of respondents, while football was cited as their favorite sport by a majority of South Korean sports fans 25%.
