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Nutritive Supplements Market Opportunities, Growth Strategy With DuPont, Abbott, Bayer, Pfizer, BASF, Herbalife International, Merck KGaA, Amway, Chemi Nutra, Biosyntrx, Glanbia, GlaxoSmithKline, Novartis, A1Supplements
Nutritive Supplements Market
The forecast, analysis, evaluations and estimations carried out in this nutritive supplements report are all based upon the well established tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. The market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are kept at the center while building this global nutritive supplements market report. Thus, the wide-ranging market information of the nutritive supplements report will surely grow business and improve return on investment (ROI).
Nutritive supplements market is expected to rise from its initial estimated value of USD 159.9 billion in 2018 to an estimated value of USD 332.9 billion by 2026 registering a CAGR of 9.6% in the forecast period of 2019-2026. This rise in the market can be attributed to the changing lifestyle of people and increasing prevalence of cardiovascular conditions.
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A nutritive supplement which is also termed as dietary supplement or food supplement are taken for enhancing the intake of necessary nutritional components in a human body. A supplement can be one substance or a combination of herbal extracts, vitamins, amino acids, minerals and any other substance which would supplement one’s daily diet.
Few of the major market competitors currently working in the nutritive supplements market are
· Herbalife International of America, Inc.,
· Bayer AG
· Pfizer Inc.
· Merck KGaA
· Amway
· Glanbia plc
Other Players Are Archer Daniels Midland Company, GlaxoSmithKline plc., DuPont, Abbott, BASF SE, Chemi Nutra, Biosyntrx Inc., HORN Company, Novartis AG, A1Supplements, The Vitamin Shoppe, NOW Foods, Prohealth, General Nutrition Centers, Inc., Arkopharma and Many More
Key Developments in the Market:.
· In May 2018, Good Day Chocolate produced a category of various chocolate supplements such as Energy and Calm, Sleep, Probiotic and Multivitamin for adults that support digestion wellness and daily health.
· In August 2018, TraceGains acquired Healthnotes. This merger would help the nutritive supplement market in sharing their standardized data with various suppliers of TraceGains supply chain network.
Market Drivers
· Rising disposable income is a major factor leading to industry growth
· Growing consumer health awareness is also driving the nutritive supplements market demand
Market Restraints
· High costs related with wellness supplements is acting as a major restraint for the market
· Regulatory compliances will also hamper the market demand
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Segmentation: Global Nutritive Supplements Market
· By Ingredient
o Botanicals
o Vitamins
o Minerals
o Amino Acids
o Enzymes
o Others
· By Product
o Tablets
o Capsules
o Powder
o Liquids
o Soft Gels
o Gel Caps
· By Application
o Additional Supplement
o Medicinal Supplement
o Sports Nutrition
· By End-User
o Infants
o Children
o Adults
o Pregnant Women
o Old-aged
· By Geography
o North America
§ US
§ Canada
§ Mexico
o South America
§ Brazil
§ Argentina
§ Rest of South America
o Europe
§ Germany
§ France
§ United Kingdom
§ Italy
§ Spain
§ Russia
§ Turkey
§ Belgium
§ Netherlands
§ Switzerland
§ Rest of Europe
o Asia-Pacific
§ Japan
§ China
§ South Korea
§ India
§ Australia
§ Singapore
§ Malaysia
§ Indonesia
§ Thailand
§ Philippines
§ Rest of Asia-Pacific
o Middle East and Africa
§ South Africa
§ Egypt
§ Saudi Arabia
§ United Arab Emirates
§ Israel
§ Rest of Middle East and Africa
Competitive Analysis:
The global nutritive supplements market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nutritive supplements market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa
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