The newly published research report titled "Dietary Supplements Market 2024-2030: By Ingredient, Product, Application, and End-User" provides a comprehensive analysis of the global dietary supplements industry. The study explores key segments, including vitamins, minerals, amino acids, and botanicals, along with various product forms such as tablets, capsules, powders, and liquids. It further examines applications ranging from medicinal and sports nutrition to general dietary supplements and identifies end-users like infants, children, adults, pregnant women, and the elderly.
The dietary supplements market, valued at USD 168.03 billion in 2023, is projected to grow at a CAGR of 5.54% from 2024 to 2030, reaching approximately USD 245.15 billion. Key drivers of market growth include increased consumer awareness of personal health, the rising adoption of organic supplements, and the expansion of e-commerce platforms facilitating global reach. Challenges such as misleading product claims and regulatory scrutiny also impact the market dynamics. The report provides an in-depth look at regional trends, highlighting APAC's leading role in market expansion, driven by increased consumer awareness and economic growth in countries like China and India. Competitive analysis covers major players such as Abbott Laboratories, Amway Corp., and Otsuka Pharmaceutical Co., Ltd., detailing their strategies and market positioning. Additionally, the report offers insights into emerging trends and opportunities, supporting industry stakeholders in navigating the evolving market landscape.
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Key Highlights of the Research Report:
Offers a thorough examination of the current market trends and future market dynamics.
Provides insights into strategic initiatives such as new product introductions, expansions, and market acquisitions.
Covers SWOT analysis to provide a detailed understanding of the competitive landscape of the industry.
Examines all the major competitive forces that may influence the growth trajectory of the industry.
Provides important information on industry opportunities for businesses by identifying market sections with high growth potential.
Dietary Supplements Market Segmentation:
By Ingredient
Botanicals
Vitamins
Minerals
Amino Acids
Enzymes
Others
These supplements come in a variety of forms and include, among others, vitamin A (retinols and carotenoids), vitamin B (folic acid), vitamin C (ascorbic acid), and vitamin D (cholecalciferol). While vitamin E aids in DNA repair and immune system fortification, vitamin A is essential for maintaining eye health and boosting the immune system. These products are anticipated to be used more frequently over the forecast period in the dietary supplements market, particularly by working professionals and athletes. They are likely to be eaten in the form of multivitamin tablets, powders, and liquids.
By Product
Tablets
Capsules
Powder
Liquids
Soft Gels
Gel Caps
The market for dietary supplements was held by the tablet category in 2023. Dominance with almost a 44% revenue share. The prolonged shelf life of tablets contributes to the segment's cost-effectiveness, which accounts for its dominance. Patients' worries about measuring their medications are allayed by tablets because they are convenient to take and provide accurate amounts. Furthermore, tablets are long-lasting and robust, giving manufacturers of medicines with different dosages options in the market. Customers' well-established familiarity with tablets is anticipated to fuel this market's expansion even more.
By Application
Additional Dietary Supplements
Medicinal Dietary Supplements
Sports Nutrition
By End-User
Children
Adults
Pregnant Women
Old-Aged
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Dietary Supplements Products Market Overview:
The Maximize Market Research report assists clients in gaining a comprehensive understanding of the competitive landscape, serving as a valuable resource for strategic planning purposes. The comprehensive Dietary Supplements Products market overview furnishes extensive information regarding market size, trade statistics, prominent participants, and a range of market indicators, encompassing aspects such as life cycle, prevailing trends, and more.
Dietary Supplements Market Scope Methodology:
The competitive landscape of theDietary Supplements Market market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in theDietary Supplements Market market. The report employed a bottom-up approach to ascertainDietary Supplements Market market estimations and growth rates.To gain insights intoDietary Supplements Market market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about theDietary Supplements Market market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.Both primary and secondary data gathering techniques were employed for theDietary Supplements Market r . Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within theDietary Supplements Market .
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Dietary Supplements Market Key Players:
1. Abbott Laboratories - (USA)
2. Amway Corp. - (USA)
3. Archer Daniels Midland Co. - (USA)
4. Carlyle Nutritionals LLC - (USA)
5. Herbalife International of America Inc. - (USA)
6. Natures Sunshine Products Inc. - (USA)
7. Natures Way Products LLC - (USA)
8. NOW Health Group Inc. - (USA)
9. Nu Skin Enterprises Inc. - (USA)
10. NutriGold Inc. - (USA)
11. Orgenetics Inc. - (USA)
12. Pfizer Inc. - (USA)
13. Church & Dwight Co. Inc. - (USA)
14. The Clorox Company - (USA)
Europe Dietary Supplements Market Leading Players:
1. Arkopharma Laboratories - (France)
2. Bayer AG - (Germany)
3. Glanbia plc - (Ireland)
4. Haleon Plc - (United Kingdom)
5. Reckitt Benckiser Group PLC - (United Kingdom)
6. Sanofi SA - (France)
7. GlaxoSmithKline plc - (United Kingdom)
8. Danisco A/S (DuPont) - (Denmark)
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Key questions answered in the Dietary Supplements Market are:
What is Dietary Supplements Market ?
What is the growth rate of the Dietary Supplements Market ?
Which are the factors expected to drive the Dietary Supplements Market market growth?
What are the different segments of the Dietary Supplements Market ?
What are the factors restraining the growth of the Dietary Supplements Market ?
What is the demand pattern of the Dietary Supplements Market ?
What major challenges could the Dietary Supplements Market face in the future?
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