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Global Dietary Supplements (Vitamins, Minerals, Botanical/herb supplements, Amino acid & proteins, Probiotics) Market 2027

Global Dietary Supplements (Vitamins, Minerals, Botanical/herb supplements, Amino acid & proteins, Probiotics) Market 2027

Actual Market Research 19-05-2022 144 Pages Figures : 88 Tables : 24 Region : Global Category : Food & Beverages Food

1. Nittan Company Ltd.

2. Basf SE

3. Svolt Energy Technology Co. Limited

4. Pfizer Inc.

5. Viatris Inc.

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Dietary supplements are substances that you can take to enhance your diet or reduce your risk of developing health problems like arthritis or osteoporosis. Dietary supplement ingredients are sometimes mixed into foods and beverages. A doctors’ prescription isn’t required for these food supplements. The factors like growing health awareness, urbanization and personal well-being will boost the consumption of dietary supplements market in the forecast period of 2021-27. They also help with weight management and improving overall nutrient balancing. People take dietary supplements for a number of reasons, i.e. to maintain general health, to support their sport & mental related performance etc.

According to the report title “Global Dietary Supplements Market Outlook, 2027”, published by Actual Market Research, The global dietary supplements market size was valued at USD 148.35 Billion in 2021 and is expected to expand at a CAGR of 8% from 2022 to 2027. Hence, the applications of dietary or food supplements are wide. They are also used in cardiac health, bone & joint health, energy-weight management and immunity-digestive health etc. The energy & weight management application has 29.4% of the market share in 2021 and is expected to led the market in the forecast period as growing number of fitness centres, health clubs, and gymnasiums. By distribution channel the market is segmented into Pharmacies & Drug Stores, Supermarkets & Hypermarkets, and Online Retail.

The global dietary supplements are rich in vitamins, minerals, amino acids & probiotic supplements, etc. Among these, the vitamins segment is leading the market in terms of value share. All of these supplements come in a variety of forms like tablets, capsules, gummies, soft gels, powder and liquid, etc. forms. The children and teenagers like to eat the gummies and soft gel forms. The majority of the dietary supplements are consumed by adult yet certain individual needs them, especially including to protect against birth defects, women who may get pregnant should ingest 400 mg of folate each day, either through food or supplements. Folate is a B-vitamin that is required for the production of genetic elements such as DNA. If you're a vegan, have food allergies or lactose intolerance, or have trouble digesting or absorbing nutrients, dietary supplements may be beneficial to you.

The global dietary supplements market is segment into five regions: North America, Europe, Asia-Pacific, Middle East & Africa, South America.  North America Dietary Supplements Market is leading the global dietary supplements market followed by Asia-Pacific Dietary Supplements Market. Asia-pacific is the fastest-growing region among all in the global dietary supplements. The adoption of dietary supplements is at the beginning phase in Middle East & Africa compared to other regions. European regions consumed the highest amount of probiotics in 2021. The US dietary supplements market has the highest market share owing to the higher spending power of the consumers. Food supplements are in high demand in countries such as the United Kingdom, France, and Italy. This is due to a growing emphasis on preventing illness or disease rather than focusing on the absence of disease. The growing popularity of organic and herbal items is also helping to increase the industry. Developing economies have undergone tremendous economic upheavals in recent years. Consumer awareness regarding health issues as well as the use of dietary supplements has grown. Consumption of dietary supplements is quickly increasing in countries such as India, South Korea, China, and Indonesia.

The growing spending power of a consumer on healthcare products, hectic lifestyles, and changing food preferences, and rising interest in preventive healthcare are the major factors helping in the market's growth. As 'Self-care' has become an essential part of the modern consumer's lifestyle, concern about immunity has boosted dietary products. The ongoing pandemic has increased the attention on immunity, as having a healthy immune system can help to fight against severity of diseases and infections.. It is also a critical factor that can boost the body's natural defenses when combined with proper nutrition. The usage of vitamins, minerals, immunity-boosting foods, organic products, supplements, and other nutritional supplements has increased significantly. Improving lifestyle and a better understanding of fitness and health have encouraged people to take multivitamins and minerals in the form of capsules and tablets.

The manufacturers have number of opportunities in the dietary market. Standard lifestyles, jobs, personalized nutrition evolution, and ease of everyday life practises are attracting rural residents to cities, resulting in crowd culture. People prefer sports supplements to maintain their health and fitness, which is boosting the worldwide sports supplements market. As enormous multinational firms focus on promoting their products to developing countries, the availability of numerous dietary supplement items has increased. Plant-based supplements are gaining traction in the nutraceutical industry and also for dietary supplements owing to their health benefits while also being clean label as compared to animal-sourced supplements. The consumer-driven vegan trend is also a major factor fueling demand growth of plant-based supplements. The factors reserving the growth of the market are the high price of the dietary supplements. The cost of the supplement vary significantly based on the ingredients type and seasonality

COVID-19 Impact:
The covid-19 pandemic has impacted the dietary supplements market as the lockdown restriction and lack of transportation disturbed the y-o-y growth. Though the immunity boosting, digestive health-related and vitamin C, vitamin D, zinc etc, vitamins & minerals demand was high during the pandemic. On the other hand, the upsurge in the demand for supplements after the covid-19 has risen. So, the immunity providing food and nutrition demand leads to the manufacturing of dietary supplements.

Major Companies present in the market:
Herbalife Nutrition, AMWAY Corp., Bayer AG, Pfizer Inc., GlaxoSmithKline plc., Abbott Laboratories, Glanbiaplc, Archer Daniels Midland Company, Nu Skin Enterprises, Inc., Bionovainc,., Ayanda GmbH, Arkopharma Laboratories Company Limited, The Bountiful Company

Considered in this report
• Geography: Global
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Dietary Supplements Market with its value and forecast along with its segments
• Region & country wise Dietary Supplements market analysis
• Application wiseDietary Supplements distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Italy, Spain, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• Latin America (Brazil, Argentina, Columbia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Based on type of dietary supplements in the report:
• Vitamins
• Minerals
• Botanical/herb supplements
• Amino acid & proteins
• Probiotics

Based on formulation type of dietary supplements in the report:
• Tablets
• Capsules
• Powder
• Liquid

Based on end user of dietary supplements in the report:
• Adults
• Infant/Children
• Pregnant women

Based on application type in the report:
• Energy & weight management
• Bone & joint health
• Immunity & digestive health
• General health
• Cardiac health

Based on distribution channel type in the report:
• Pharmacies & Drug stores
• Supermarkets & Hypermarkets
• Online retails

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to pharmaceutical industry, food & beverage industry, cosmetic industry, nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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