Allied Market Research

2024

Dietary Supplement Market

Dietary Supplement Market Size, Share, Competitive Landscape and Trend Analysis Report by Ingredient, by Form, by Application, by End User and by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Roshan Deshmukh
Publish Date:

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Dietary supplements can be referred to as the products that support good health and supplement the diet. It cannot be described as medicines or substitutes for food. Dietary supplements include Vitamin, Mineral, Amino Acid, metabolite, herbs, and others botanical. These supplements do not cure any disease but help in building the immune system and a healthy body. The dietary supplements help in lowering the risk of chronic ailments and provide nutrients. Dietary supplements can be in the form of pills, capsules, liquid, powders, and gel tabs. These supplements are also used for weight gain, bone & joint health, and immunity. These supplements are not prescribed by any doctor.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast units

Value ($US)

Segments covered

Ingredient, Form, Application, End User, Distribution Channel, and Region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered

Amway, Abbott Laboratories. Archer Daniels Midland, Carlyle Group, Bionova, NBTY Inc., Pfizer, Bayer, Arkopharma Laboratories Pharmaceutiques, Glanbia, Nu Skin Enterprises.  

 

COVID-19 Scenario Analysis:

  • The demand for dietary supplements has increased due to the COVID-19 pandemics.
  • Consumer demand has increased to support their body, increase immune health, and reduce anxiety.
  • The retail store is closed, so online channels are used to meet the requirements of the customers.
  • The manufacturers are facing problems regarding the supply of raw material with the growing demand.
  • Companies are taking preventive measures to meet the requirements of the consumers and also ensuring the safety of workers.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The rise in health care concerns, and increase in living standards are the factors that drive the growth of the global dietary supplements market. With rapid urbanization, the consumers are becoming aware of the health issues, and an increase in disposable income can also contribute toward the growth of the dietary supplements market. However, supporting breastfeeding over dietary supplements can create a threat to the global dietary supplements market. The increase in the popularity of supplements and an increase in the sports athletes that focus on physical strength can create a new path for the growth of the global dietary supplements market. Consumers are getting more inclined toward bodybuilding and gym that can also support the growth of the dietary supplements market.

The global dietary supplements market trends are as follows:

  1. There are many developing countries which are facing the problem of malnourishment among the people. So, companies are thinking to expand their business to increase their market share on global level.
  2. Dietary supplements is anticipated to experience an increase in demand due to rise in the working population. Companies are also focusing on expanding their business by merger or acquisition to increase their market share. For instance, Abbott Park has acquired the Cephea Valve Technologies a medical Device company that develops a less-invasive heart valve replacement technology.
  3. The government is also taking necessary action to ensure the quality and safety of dietary supplements for consumers.

Key Segments Covered:

Segments

Sub-segments

Ingredient

  • Vitamins
  • Minerals
  • Botanicals
  • Amino Acids
  • Protein
  • Others

Form

  • Tablets
  • Capsules
  • Liquids
  • Powders
  • Gummies
  • Others

Application

  • Energy & Weight Management
  • Bone & Joint Health
  • Immunity
  • General Health
  • Cardia Health
  • Others

End User

  • Adults
  • Infants & Children
  • Pregnant Women
  • Others

Distribution Channel

  • Online
  • Offline

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global dietary supplements industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global dietary supplements market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global dietary supplements market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global dietary supplements market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Dietary Supplements Market Research Report:

  • What are the leading market players active in the dietary supplements market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

 

Dietary Supplement Market Report Highlights

Aspects Details
Dietary Supplement Market By Ingredient
By Ingredient
  • Vitamins
  • Minerals
  • Botanicals
  • Amino Acids
  • Protein
  • Others
Dietary Supplement Market By Form
By Form
  • Tablets
  • Capsules
  • Liquids
  • Powders
  • Gummies
  • Others
Dietary Supplement Market By Application
By Application
  • Energy and Weight Management
  • Bone and Joint Health
  • Immunity
  • Cardia Health
  • Others
Dietary Supplement Market By End User
By End User
  • Adults
  • Infants and Children
  • Pregnant Women
  • Others
Dietary Supplement Market By Distribution Channel
By Distribution Channel
  • Supermarket and hypermarket
  • Convenience stores
  • Pharmacy stores
  • Online stores
Dietary Supplement Market By Region
By Region
  • North America  (UNITED STATES, CANADA, MEXICO)
  • Europe  (FRANCE, GERMANY, ITALY, SPAIN, UNITED KINGDOM, Rest of Europe)
  • Asia-Pacific  (CHINA, JAPAN, INDIA, SOUTH KOREA, AUSTRALIA, Rest of Asia Pacific)
  • LAMEA  (Brazil, South Africa,, Saudi Arabia, Rest of LAMEA)
Key Market Players
Key Market Players

Bayer, Carlyle Group, NBTY Inc, Bionova, Arkopharma Laboratories Pharmaceutiques, Abbott Laboratories, Archer Daniels Midland Company, Nu Skin Enterprises, Pfizer, Glanbia

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Dietary Supplement Market

Global Opportunity Analysis and Industry Forecast, 2023-2032