“Dietary Supplements Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Dietary Supplements Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top-Listed Players in Dietary Supplements Market Research Report 2019-2023:
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Dietary Supplements market reports provide a comprehensive overview of the worldwide market size and share. Dietary Supplements market data reports also provide a 5-year historical, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to the success of the organization.
Overview of Dietary Supplements Market Report:
Dietary Supplements Market Insights
The global dietary supplements market was valued at USD 96 billion in 2017, and it is expected to grow at a CAGR of 6.9%, during the forecast period.
The dietary supplements market is preliminarily driven by the paradigm shift toward preventive health management practices amid rising healthcare costs and increasing burden of lifestyle diseases. Digitization in retail is expected to boost the future growth of dietary supplements. Moreover, the popularity of herbal and probiotic supplements is also expected to drive the market growth in the future.
Dietary Supplements Market Dynamics
The healthcare cost is substantially high in emerging economies due to higher per-capita spending on healthcare amid the burden of communicable and non-communicable diseases. Such trends have prompted consumers to opt for dietary supplements. The intense focus on preventive healthcare system, coupled with robust endorsements and marketing efforts of lifestyle enhancement products, is also driving the growth of dietary supplements market. The time-pressed work schedules have elevated the incidences of stress, hypertension and low-energy levels. Consumers have increasingly turned to alternative healthcare channels by educating themselves about the herbal supplement products and other such supplements. The robust expansion of E-commerce and proliferation of other retail channels carries a significant opportunity for the sustainable development of dietary supplements market.
A major hurdle for the growth of the market studied is its undefined scope and the regulatory inefficiencies.
Dietary Supplements Market Segmentation
Based on product type, the vitamin segment is a steadily growing whereas the fatty acid segment represents the fastest growing supplement segment due to popularity of omega-3-based supplements. Dietary supplements, such as vitamins, minerals, botanicals, enzymes, fatty acids, and proteins, help promote general health and well-being, by preventing nutritional deficiency diseases. The vitamin segment of the global dietary supplement market was valued at USD 34.39 billion in 2017, and is expected to grow at a CAGR of 6.6% during the forecast period. Mineral-based dietary supplement is a well-established segment of the overall nutraceutical market, owing to its longstanding tradition of use and years of clinical research.
Dietary Supplements Market – Regional Analysis
Asia-Pacific holds the major share in the market, followed by North America and Europe. Health professionals across the North American region recommend dietary supplements to their patients, to combat health challenges. The European dietary supplement market was valued at USD 18.06 billion in 2017. The regional growth is dominated by Western European countries, such as Italy and Germany however, Eastern markets, like Belarus, Hungary, and Russia have shown promising potential. Demand for supplements in countries like India, China, and Japan has increased in the recent years, owing to the considerable presence of the aging population in such developing countries. Brazil is leading the dietary supplement market in South America. Countries like Brazil, Chile, and Peru are expected to experience potential market growth, while the other countries of the region, including Argentina, Venezuela, and Columbia in particular, have become more aware of health benefits of dietary supplements, which is likely to fuel the overall regional demand.
Key Developments in Dietary Supplements Market
â¢ In May 2018, Deerland Enzymes & Probiotics launched a new water-soluble form of its Bacillus subtilis spore-forming probiotic strain which is not only heat-tolerant but can also be more easily incorporated into hot beverages, gummies, and functional drinks.
â¢ Activ Nutritional LLC launched Viactiv Digestive Health Soft Chews, expanding the iconic Viactiv supplement brand into the expanding digestive health category.
â¢ In May 2018, Good Day Chocolate created a category of on-the-go chocolate supplements for adults including Sleep, Energy and Calm, Multivitamin, and Probiotic that support daily health and digestion wellness while Sleep and Calm provide sleep and anxiety relief.
Major Players – ADVOCARE, AMWAY, BAYER AG, BLACKMORE LTD., DHC, GNC, GSK, HERBALIFE LTD., INTEGRATED BIOPHARMA, INC., KONINKLIJKE DSM N.V., MERCK, NATURES BOUNTY, INC., NU SKIN, OMEGA PROTEIN CORPORATION, OTSUKA PHARMACEUTICALS, PFIZER, RECKITT BENCKISER, SANOFI, SUNTORY and WYETH, among others.
The global dietary supplement market faces high competition. The North American dietary supplement market is fragmented and consequently witnesses high competition, Herbalife, Amway, and Farmacias Similares SA de CV are the leading players. The Asia-Pacific dietary supplement market is fragmented, and the major shareholding players include Herbalife, Amway, Natures Bounty Inc., Reckitt Benckiser, Ranbaxy, Dabur, and Blackmore. Herbalife, and Bayer top the chart, accounting for around 15% of the market, among high competition.
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Reasons to Purchase this Report
Valuable Points from Dietary Supplements Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Dietary Supplements Market.
- Significant changes in Market dynamics.
- Dietary Supplements Market segmentation according to Top Regions.
- Current, Historical, and projected size of the Dietary Supplements Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Dietary Supplements Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Dietary Supplements Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the Market.
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Highlights of the following key factors:
- Business description –A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis –A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services –A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Dietary Supplements Market Research Report 2019-2023:
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
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