Markntel Advisors present the latest study on Dietary Supplements Market, covering extensive, in-depth analysis of the ongoing trends, opportunities/ high growth areas, and market drivers, which could help stakeholders to devise and align market strategies according to the future market dynamics. The overall analysis covers an overview of the industry policies, market fluctuations, and the cost structure of the products available.
According to the Global Dietary Supplements Market Research Report, “The market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28. The advancement in disposable income around the globe, paired with the substantial shift in consumers’ lifestyles, buying patterns, and dietary habits, has surged the demand for nutritional supplements, supporting the industry’s growth.
Besides, the spreading trend of health awareness and adoption of more nutrient-specific products in recent years, coupled with intensifying prosperity of sports-based and athletic enhancement supplements, has raised consumers spending on health and wellness products, fueling the market expansion.”
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Competitive analysis
To reveal the competitive situation of the industry, the report concretely analyzes not only the leading enterprises that have a voice on a global scale but also the regional small and medium-sized companies that play vital roles and have plenty of potential growth. The major players, among whom the Global Dietary Supplements Market fluctuates, are: -
- - Amway
- - Abbott Laboratories
- - Arkopharma Laboratories Pharmaceutiques
- - Bayer
- - Glanbia
- - Pfizer
- - Archer Daniels Midland
- - Carlyle Group
- - NBTY Inc
- - GlaxoSmithKline
Health Consciousness Propels Asia-Pacific’s Market Expansion
“Globally, Asia-Pacific is anticipated to attain the fastest market growth in the coming years, attributing to the rising consumer health consciousness and desire to integrate health-improving nutritional supplement items in their daily lives. Additionally, the propagating trend of fitness clubs and activities, coupled with the rising need for nutritional supplements in countries like China and India, supports industrial acceleration. Moreover, the region’s high population is bound to attract the interest of prominent international market players, which hints towards an upward graph slope of the industry in the forecasting period.”
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Enlisting the Segments
The distinct diversification and articulations of the industry are classified into further segments so the stakeholder can obtain detailed information about factors affecting the market along with various factors affecting the elements which lead to market fluctuations. Segment-wise, Global Dietary Supplements Market spreads across the following:
- By Ingredients
- Botanicals
- Vitamins
- Minerals
- Proteins Amino Acids
- Omega Fatty Acids
- Fibers Specialty Carbohydrates
- Others
- By Form
- Tablets
- Capsules
- Soft gels
- Powders
- Gummies
- Liquids
- Others
- By Application
- Energy Weight Management
- General Health
- Bone Joint Health
- Gastrointestinal Health
- Immunity
- Cardiac Health
- Diabetes
- Anti-Cancer
- Others
- By End-User
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
- By Distribution Channel
- OTC
- Prescribed
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