Nutritional Supplements Market Size

Nutritional Supplements Market size was over USD 356.3 billion in 2023 and is expected to exceed USD 580.4 billion by the end of 2036, witnessing over 6.7% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of nutritional supplements is assessed at USD 405.8 Billion.

The growth of the global nutritional supplements market is attributed to the increasing awareness about maintaining a healthy lifestyle and the rising availability of various types of nutritional supplements in the form of tablets, liquids, or powders. Consumers are steadily becoming aware of their dietary plans and actions as most of them keep a check on their nutrient intake. It helps people receive adequate nutrients and enhance their overall health. According to a journal published by the Global Wellness Institute (GWI) in 2024, the awareness of physical & mental wellness increased powerfully during the pandemic and the sector reached around USD 181 billion in 2022.

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of nutritional supplements was USD 356.3 billion.

The market size for nutritional supplements is projected to cross USD 580.4 billion by the end of 2036 expanding at a CAGR of 6.7% during the forecast period i.e., between 2024-2036.

The major players in the market are Abbott Nutrition, Amway, Nestle, Glanbia Plc., Herbalife International of America, Archer Daniels Midland, GlaxoSmithKline, Natureâ€™s Bounty Co., Arkopharma Laboratories Pharmaceutiques, DuPont, Otsuka Pharmaceutical, Taisho Pharmaceutical, Kikkoman Corporation, Ajinomoto, Morinaga Milk Industry, and others.

In terms of product, the functional food segment is anticipated to account for the largest market share of 56.7% during 2024-2036.

APAC nutritional supplements market is expected to hold the largest market share of 35.8% by 2036.

Nutritional Supplements Market Size