Dietary Supplements Market, by Ingredient (Botanicals and Vitamins), By Application (Immunity and Cardiac Health), By Distribution Channel (E-commerce Platforms, Supermarkets, and Retail Shops), and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

DFS020062  | 
: Food & Beverages  | 
Mar-2024  | 
Upcoming  | 
Pages: NA  | 
Tables: NA  | 
Figures: NA
We’ve been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. The report will incorporate these insights.

Dietary supplement is intended to provide nutrients like minerals, proteins, amino acids, and among others. According to research study, the global dietary supplements market is expected to grow by CAGR of 7.8% during the forecast timeline. Some of the benefits of dietary supplements are keep blood pressure and triglyceride levels low, helps to build strong bones, helps in digestion, and among others. Additionally, consumption of energy-mix powders by athletes and body builders are one of the key factors for the market growth. Dietary Supplements Market size valued USD 133.6 billion in 2020 and is expected to  reach USD 293.7 billion growing with a CAGR of 8.2% during the forecast period.

Market Segmentation:

Global dietary supplement market is segmented as follows: On the basis of ingredients, the market is classified into botanicals, and vitamins. Furthermore, by applications it is categories into immunity, and cardiac health. Moreover, by distribution channel it is divided into e-commerce platforms, supermarkets, and retail shops. And by geography it is group as North America, Asia Pacific, Europe, and RoW.

Market Dynamics and Factors:

Raising of health concern is one of the major factor that is responsible for the dietary supplements market growth. Some of the factors which is leading health concern are food innovation, medical discoveries, healthcare costs, changing lifestyle, and among others are responsible for the dietary supplements market growth. Presence of side effects in some supplements is responsible for the restraining factor for the growth of the market. Constant increase of geriatric population act as the major opportunity for the growth of market. This is because elderly people are likely to have more health problems so the need of dietary supplements is higher as compare to other age group which creates immense opportunity for the growth. Difference in regulatory system of different countries is one of the major challenging factor for the market growth of dietary supplement as the sales of supplement might be restricted in one region but legalize in another.

Geographic Analysis:

North America is the major revenue contributor in 2018 and is expected to continue the supremacy during the forecast timeline. According to research study, the market is anticipated to grow with a CAGR of 4.3% during the forecast period. Due to hectic routine and stress level of people in this region diseases like diabetes, obesity and blood pressure are really common which is responsible for the dietary supplements market growth. The second dominating region is Asia Pacific and according to research study, the market is anticipated to grow by a CAGR of 8.4% during the forecast timeline. The factors contributing to the market are growth of economy in this region, large consumption among of energy-mix powders by athletes and body builders, increasing consumer awareness of benefit of dietary supplement have.

Competitive Scenario:

The key players operating in dietary supplements industry are:

Pfizer Pharmaceuticals, Amway Corporation, Abbott Laboratories, Herbalife International, ADM, Nestle, DuPont, GlaxoSmithKline, Carlyle Group, Danone, Bayer HealthCare, BASF, Glanbia, Yakult, DSM, the Himalaya Drug Company

Dietary Supplements Market Report Scope

Report Attribute

Details

Analysis Period

2020–2030

Base Year

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Growth Rate (CAGR%)

8.2 %

Market Segmentation:

by Ingredient (Botanicals and Vitamins), By Application (Immunity and Cardiac Health), By Distribution Channel (E-commerce Platforms, Supermarkets, and Retail Shops)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa)

Key Companies Profiled

Pfizer Pharmaceuticals, Amway Corporation, Abbott Laboratories, Herbalife International, ADM, Nestle, DuPont, GlaxoSmithKline, Carlyle Group, Danone, Bayer HealthCare, BASF, Glanbia, Yakult, DSM, the Himalaya Drug Company

 

 


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KEY MARKET SEGMENTS:

  • Global Dietary Supplements Market – By Ingredient
    • Botanicals
    • Vitamins
  • Global Dietary Supplements Market – By Distribution Channel 
    • E-commerce Platforms
    • Supermarkets
    • Retail Shops
  • Global Dietary Supplements Market – By Application 
    • Immunity
    • Cardiac Health
  • Global Dietary Supplements Market – By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • France
      • Germany
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • Australia
      • Rest of Asia Pacific
    • ROW
      • Latin America
      • Middle East
      • Africa

KEY PLAYERS
o    Pfizer Pharmaceuticals
o    Amway Corporation
o    Abbott Laboratories
o    Herbalife International
o    ADM
o    Nestle
o    DuPont
o    GlaxoSmithKline
o    Carlyle Group
o    Danone
o    Bayer HealthCare
o    BASF
o    Glanbia
o    Yakult
o    DSM
o    the Himalaya Drug Company
 


 
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