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CAGR of 8.6%, Dietary Supplements Market Worth 126.14 $ Billion in 2016 Forecast to 2025: 21st Century, Applied Nutrition, Aviva, Beautiful Nutrition, Beauty Beneath

05-30-2018 12:02 PM CET | Health & Medicine

Press release from: Reports and Data

Dietary Supplements

Dietary Supplements

Global dietary supplements market size was USD 126.14 billion in 2016 and is expected to grow at a CAGR of 8.6% by 2025. The recent regulatory changes by organizations such as FDA have led to the growing consumer demand for dietary supplements that are manufactured by adhering to the set regulations.

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Dietary supplements are mainly consumed to provide nutrients or to provide non-nutrient chemicals which has beneficial effect in the body. They are obtained from variety of sources namely; plants, microbial strains, seafood, animal organs, and more. The increased demand for dietary supplement products can be accrued to the realization of significant percentage of the population about the value of better health and anything that promotes such beneficial entities.

Aging population in the U.S., European countries, and Japan has led to enhanced search for products that cure such ailments. This is expected to increase the demand for dietary supplements during the forecast period. In the last decade, the demand as well as sales for vitamins, minerals, and nutritional and herbal supplements has shown steep increase in major parts of the world.

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Vitamin segment holds the largest market share in the dietary supplements market, by type:

The vitamin segment held 62.5% of the market share in 2016. Vitamins of different types are capable of supporting muscular as well as ophthalmic health. It also helps in repairing DNA and making the immune system stronger. These products are used in variety of applications, for instance, among working professionals and sports athletes in the form of multivitamin tablets.

The other types of products in this segment are probiotics, proteins, minerals and others.

Sports Nutrition segment expected to register fastest CAGR in the dietary supplements market, by application:

Sports nutrition is projected to witness the fastest growth at a CAGR of 11.2% from 2016 to 2024. Rising demand for energy drinks fortified with whey and egg protein among sports athletes and gym professionals for providing the necessary nutritional requirements is expected to augment dietary supplements consumption over the next eight years.

The growing demand for dietary supplements in sports nutrition such as energy drinks added with whey and egg proteins is expected to showcase greater growth opportunities in the market. The requirement of necessary nutritional requirements by athletes and the booming fitness industry across the world are expected to increase demand for dietary supplements.

Major dietary supplements manufacturers are Abbott Laboratories, Carlyle Group, GlaxoSmithKline, Amway, Arkopharma, Bayer, Glanbia Nutritionals, Herbalife International.

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The research also provides answers to the following key questions:

1.What will be the market share and size of the Dietary Supplements market for the forecast period, 2018 to 2025? What will be the growth rate and financial status of the market during the estimated period?
2.What are the different opportunities in store for the business owners operating in the Dietary Supplements industry in the coming years?
3.What are the restraints hindering the progress of the industry across various regions?
4.What is the past, current and new trends responsible for shaping the growth rate of the industry from 2016 to 2025? Who are the major vendors dominating the Dietary Supplements business worldwide? What are the effective business strategies adopted by them to maintain a competitive edge over other companies?
5.What segment or region will show significant growth?

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