The Global Dietary Supplement Market set to garner $306.128 Billion by 2028

A report by Triton Market Research estimates that the global dietary supplement market, which generated $134.216 billion in 2018, will showcase a CAGR of 8.91% by the year 2028.

A recent study by Triton Market Research titled 'Global Dietary Supplement Market' covers the Global Analysis and Forecast for 2019-2028 by Ingredients (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes, Others), By Product (Tablets, Capsules, Powder, Liquids, Soft Gels, Gel Caps), By Application (Additional Supplements, Medicinal Supplements, Sports Nutrition), By End-User (Infants, Children, Adults, Pregnant Women, Old-Aged), and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Dietary supplements are products used to fulfill the body's nutritional requirements and are consumed in the form of capsules, powder, tablets, or liquid. They help provide the body with nutrients like minerals, fiber, vitamins, enzymes, and amino acids. The primary goal of consuming supplements is to fulfill the nutritional deficiency in the body so as to prevent diseases and other lifestyle-related problems.

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The report on the global dietary supplement market shows that the industry would generate $306.128 billion by 2028, with a CAGR of 8.91% over the forecast years from 2019 to 2028. The increased demand for nutritional supplements in the health & wellness industry, the promising outlook of the sports nutrition segment, the growing interest in medical nutrition, and the growing prevalence of active living are factors influencing the growth of this market. However, the accessibility to counterfeit products and the regulatory concerns surrounding them are negatively affecting the market growth.

Considering ingredients, the dietary supplement market is segmented into botanicals, vitamins, minerals, amino acids, enzymes, and others. Whereas, considering products, it is classified into tablets, capsules, powder, liquids, soft gels, and gel caps. Based on application, the market is divided into additional supplements, medicinal supplements, and sports nutrition. And on the basis of end-user, it is categorized into infants, children, adults, pregnant women, and old-aged.

The Asia-Pacific leads the overall market, holding the largest market share by 2028. It is also expected to be the fastest-growing regional market over the forecast period. The demand for nutritional supplements in countries like China, Japan, and India has increased in recent years, owing to a substantial aging population in these countries. Supplements are in demand primarily for their various health benefits.

The rising awareness for nutritional enrichment in India and China is expected to be favorable for market growth. Furthermore, the expansion in the retail market in the emerging markets of China, India, Malaysia, and Indonesia, in light of the regulations promoting investments, is expected to increase the accessibility of dietary supplements to buyers over the coming years.

Reckitt Benckiser Group plc, Blackmores Group, Herbalife International Inc, Bayer AG, Suntory Holdings Limited, Pfizer Inc, Merck KGaA, Nature's Bounty, GlaxoSmithKline plc, General Nutrition Centers Inc, Amway, Glanbia plc, Otsuka Holdings Co Ltd, Abbott, and Sanofi are some of the prominent names in the dietary supplement market.

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Question & Answer: Dietary Supplement Market

Question 1: What factors are influencing the growth of the dietary supplement market?
Answer: The increased demand for nutritional supplements in the health & wellness industry, the promising outlook of the sports nutrition segment, the growing interest in medical nutrition, and the growing prevalence of active living are factors influencing the growth of this market.

Question 2: What factors are negatively affecting the dietary supplement market growth?
Answer: The accessibility to counterfeit products and the regulatory concerns surrounding them are negatively affecting the market growth.

Question 3: How is the Asia-Pacific region influencing the growth of the dietary supplement market?
Answer: The Asia-Pacific leads the overall market, holding the largest market share by 2028. It is also expected to be the fastest-growing regional market over the forecast period. The demand for nutritional supplements in countries like China, Japan, and India has increased in recent years, owing to a substantial aging population in these countries. Supplements are in demand primarily for their various health benefits.

The rising awareness for nutritional enrichment in India and China is expected to be favorable for market growth. Furthermore, the expansion in the retail market in the emerging markets of China, India, Malaysia, and Indonesia, in light of the regulations promoting investments, is expected to increase the accessibility of dietary supplements to buyers over the coming years.

Question 4: Which are the prominent names in the dietary supplement market?
Answer: Reckitt Benckiser Group plc, Blackmores Group, Herbalife International Inc, Bayer AG, Suntory Holdings Limited, Pfizer Inc, Merck KGaA, Nature's Bounty, GlaxoSmithKline plc, General Nutrition Centers Inc, Amway, Glanbia plc, Otsuka Holdings Co Ltd, Abbott, and Sanofi are some of the prominent names in the dietary supplement market.

Related Report:
Global Whey Protein Ingredients Market

The global whey protein ingredients market is forecasted to exhibit a CAGR of 11.51% by revenue and 5.76% by volume during the projected period from 2019 to 2027, generating $23.977 billion by 2027.

The growing awareness of whey protein ingredients is driving the growth of the studied market. Increased attention towards health & fitness has brought whey protein ingredients to the limelight. It provides the body essential amino acids, as well as leucine, conjugated linoleic acid (CLA) and glutathione. Leucine and CLA aids in weight loss; whereas, glutathione boosts one's overall health.

The rise in people's disposable incomes and the growth in the number of health-conscious people have resulted in an enhanced demand for whey protein ingredients in the last few years. The growing prevalence of obesity has led people towards whey-derived products to improve health. Whey protein ingredients also help in enhancing the body's immune response and fight infection in women. All these benefits associated with them are fuelling the market growth.

The demand for high-quality protein supplements by a varied range of consumers is providing immense growth opportunities for the market. Protein supplement manufacturers are marketing their products to the general public as well. In the past, only bodybuilders, athletes, fitness freaks, and gym-goers used to majorly consume these products. But now, people from all walks of life have begun consuming more protein-based drinks, which has opened a new market for companies selling them. Protein supplements not only help one build muscle or gain strength, but also prevent diseases from occurring and enhance sports performance.

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