The market is backed by rising health awareness among consumers of all age groups across the world coupled with a considerable rise in the number of fitness centers and gymnasiums. The Global Dietary Supplements Market size is projected to reach USD 194.63 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.8% during the forecast period.
The market is driven by the hectic work schedules among working individuals coupled with fluctuations in diet intervals. Such factors have promoted the sale of dietary and nutritional supplements in the form of powder, liquids, and capsules across the globe. Rising importance of microencapsulation in the pharmaceutical industry to ensure color characteristics and the quality of finished ingredients is likely to force dietary supplements manufacturers to use capsule dosage forms over the forecast period.
North America emerged as the largest market for dietary supplements in 2018. On a macro level, rising awareness pertaining to nutritional enrichment expected to propel the regional demand in the forthcoming years. Moreover, rising demand of sports as an academic curriculum activity in education systems in major markets including U.S., Russia, China, and Japan is expected to promote the application of dietary supplements among children.
Energy and weight management is expected to remain dominant application segment throughout the forecast period owing to the rising awareness regarding fat reduction and focus on enhancing nutrition intake among adults.
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Top Players of Dietary Supplements Market:
Key market participants include Amway, Arkopharma Laboratoires Pharmaceutiques, Abbott Laboratories, Archer Daniels Midland, Bayer, and Glanbia, among others.
Market Segmentation of Dietary Supplements Market:
The Global Dietary Supplements Market on the basis of Ingredient, Product, Application, End User, and Region.
By Ingredient:
Vitamins
Botanicals
Minerals
Proteins & Amino Acids
Fibers & Specialty Carbohydrates
Omega Fatty Acids
By Forms:
Tablets
Capsules
Soft Gels
Powders
Gummies
Liquids
By Application:
Energy & Weight Management
General Health
Bone & Joint Health
Gastrointestinal Health
Immunity
Cardiac Health
Diabetes
Anti-cancer
By End-Use:
Adults
Geriatric
Pregnant Women
Children
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