The size of the dietary supplements market was estimated at USD 168.03 billion in 2023, and it is anticipated that the industry would generate close to USD 245.15 billion in revenue between 2024 and 2030, growing at a compound annual growth rate (CAGR) of 5.54%.
Dietary Supplements Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Dietary Supplements Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Dietary Supplements market, with forecasts outspreading to the year 2030.
Dietary Supplements Market Scope and Methodology:
The market research report Dietary Supplements provides comprehensive details on important factors, including those anticipated to drive the industry's growth and impending obstacles. Stakeholders will have a solid understanding of the investment potential in the Dietary Supplements market, the industry's competitive environment, and the products pushed by well-known brands. The research examines the sector's qualitative and quantitative aspects. Part of what the MMR probe looks into is a thorough analysis of the competition for the Dietary Supplements Market.
A lengthy list of needs is included in the study, along with a detailed explanation for each. When creating the Dietary Supplements Market, a wide range of primary and secondary information sources were taken into account, including official government documents, websites, annual reports, and expert and professional comments.
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Dietary Supplements Market Regional Insights
In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the Dietary Supplements market conditions in various nations thanks to the research's regional analysis. The Dietary Supplements market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.
Dietary Supplements Market Segmentation
By Ingredient
Botanicals
Vitamins
Minerals
Amino Acids
Enzymes
Others
The market for dietary supplements is dominated by the vitamins segment
These supplements, which come in different forms, include vitamin D (cholecalciferol), vitamin B (folic acid), vitamin C (ascorbic acid), and vitamin A (carotenoids and retinols). While vitamin E aids in DNA repair and immune system fortification, vitamin A is essential for maintaining eye health and boosting the immune system. During the forecast period in the dietary supplements market, these products are anticipated to be used more frequently, particularly by working professionals and athletes. They are projected 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 a roughly 44% revenue share. Because tablets have a longer shelf life, the category is more cost-effective, which accounts for their domination. Because they are convenient to use and provide accurate quantities, tablets allay patients' worries about measuring their medications. Furthermore, tablets are long-lasting and durable, giving market participants the freedom to produce goods in a range of dosages. It is anticipated that consumers' long-standing familiarity with tablets will further propel this market's expansion.
By Application
Additional Dietary Supplements
Medicinal Dietary Supplements
Sports Nutrition
By End-User
Infants
Children
Adults
Pregnant Women
Old-Aged
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Dietary Supplements Market Key Players
North America Dietary Supplements Market Leading 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)
APAC Dietary Supplements Market Leading Players:
1. Suntory Holdings Ltd. - (Japan)
2. Otsuka Holdings Co. Ltd. - (Japan)
3. Himalaya Global Holdings Ltd. - (India)
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Key questions answered in the Dietary Supplements Market are:
What is Dietary Supplements?
What was the Dietary Supplements market size in 2023?
What is the growth rate of the Dietary Supplements Market?
Which are the factors expected to drive the Dietary Supplements market growth?
What is the CAGR at which the Dietary Supplements market will grow during the forecast period?
What are the different segments of the Dietary Supplements Market?
Which is the fastest growing region in the Dietary Supplementsmarket?
What growth strategies are the players considering to increase their presence in Dietary Supplements?
What are the upcoming opportunities and trends for the Dietary Supplements Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Dietary Supplements Market?
Who are the leading companies and what are their portfolios in Dietary Supplements Market?
What segments are covered in the Dietary Supplements Market?
Who are the key players in the Dietary Supplements market?
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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