The Dietary Supplement Market is expected to grow from USD 136.2 billion in 2020 to USD 204.7 billion by 2026 at a CAGR of 7.0% from 2020 to 2026.
A dietary supplement is a concentration of vital nutrients which are either derived from food sources or are artificially synthesized. The key function of dietary supplements is to meet the nutritional requirements of the human body and is usually taken in the form of a pill, tablet, capsule, or liquid. A supplement can give nutrition either individually or in combination, based upon the needs of the consumer’s body. Dietary supplements are rich in minerals, vitamins, enzymes, herbs, amino acids and various other ingredients. One of the key factors catalyzing the global market is the increasing focus on healthy food consumption. Owing to the incidence of lifestyle-related health problems and the rising geriatric population, people are more aware of health products such as food supplements. As per the report of the Centers for Disease Control and Prevention (CDC), around 1 to 2 million patients are diagnosed with coronary heart failure. Hence now people are more conscious of their health, and they are taking good care by taking healthy products. In addition, there is a constant development and innovation in the production of dietary supplements. Moreover, the initiatives taken by the regulatory bodies such as the Food and Drug Administration of United States to make sure the quality of the dietary supplement is driving the use of these supplements. The use of natural, safe and clean-labeled ingredients in the supplements is projected to fuel the dietary supplements market revenue. Another driving factor in the dietary supplements market is the growing number of people participating in bodybuilding and sports. These athletes are taking dietary supplements to enhance their performance, and it is an accelerating factor in the market as well. Apart from this, the high price of dietary supplements will hamper the market.
The market for plant-based ingredients is rising at an exponential pace, and people are concentrating on plant-based supplements rather than animal-based. This is anticipated to shift consumer preference to plant-based herbal supplements, which creates opportunities for the dietary supplements market. The demand for clean-labeled products, the requirement to prevent allergens, and sustainability concerns will change consumer choice as well. The major players are always finding ways to fulfill the demand of the consumer, and it will create more opportunities to the global market in the future.
The global Dietary Supplement Market is segregated on the basis of Ingredient as Botanicals, Minerals, Vitamins, Proteins & Amino Acids, Enzymes and Others. Based on Product the global Dietary Supplement Market is segmented in Tablets, Capsules, Powder, Liquid, Soft gels and Others. Based on Application the global Dietary Supplement Market is segmented in Additional Supplements, Medicinal Supplements and Sports Supplements. Based on Distribution Channel the global Dietary Supplement Market is segmented in Pharmacies & Drug Stores, Supermarkets & Hypermarkets, Online Channels and Others.
The global Dietary Supplement Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Dietary Supplement Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Amway Corp., Herbalife International of America, Inc., Nature’s Sunshine Products, Inc., Nu Skin Enterprises, Inc., Glanbia PLC and others are among the major players in the global Dietary Supplement Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Dietary Supplement Market has been segmented as below:
Dietary Supplement Market, By Ingredient
Dietary Supplement Market, By Product
Dietary Supplement Market, By Application
Dietary Supplement Market, By Distribution Channel
Dietary Supplement Market, By Region
Dietary Supplement Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Dietary Supplement Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Dietary Supplement Market share. Major industry players with significant revenue share include Amway Corp., Herbalife International of America, Inc., Nature’s Sunshine Products, Inc., Nu Skin Enterprises, Inc., Glanbia PLC and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Dietary Supplement Market, By Ingredient
5.1. Key Points
5.2. Botanicals
5.3. Minerals
5.4. Vitamins
5.5. Proteins & Amino Acids
5.6. Enzymes
5.7. Others
6. Dietary Supplement Market, By Product
6.1. Key Points
6.2. Tablets
6.3. Capsules
6.4. Powder
6.5. Liquid
6.6. Soft gels
6.7. Others
7. Dietary Supplement Market, By Application
7.1. Key Points
7.2. Additional Supplements
7.3. Medicinal Supplements
7.4. Sports Supplements
8. Dietary Supplement Market, By Distribution Channel
8.1. Key Points
8.2. Pharmacies & Drug Stores
8.3. Supermarkets & Hypermarkets
8.4. Online Channels
8.5. Others
9. Competitive Landscape
9.1. Introduction
9.2. Start-up companies- Dietary Supplement Market
9.3. Recent Developments
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profile
10.1. Amway Corp.
10.2. Herbalife International of America, Inc.
10.3. Nature’s Sunshine Products, Inc.
10.4. Nu Skin Enterprises, Inc.
10.5. Glanbia PLC
10.6. Abbott
10.7. Bayer AG
10.8. Pfizer Inc.
10.9. ADM
10.10.GlaxoSmithKline plc
10.11. Bionova
10.12. Ayanda
10.13. Arkopharma
10.14. American Health
10.15. Pure Encapsulations
10.16. UST Manufacturing
10.17. Capstone Nutrition
Dietary Supplement Market, By Ingredient
Dietary Supplement Market, By Product
Dietary Supplement Market, By Application
Dietary Supplement Market, By Distribution Channel
Dietary Supplement Market, By Company