Dietary Supplements Market Size, Business Strategy, Growth Opportunities, Share, Trends, Regional Analysis by During Forecast Period 2020 - 2025

Market Overview

Global Dietary Supplements Market is expected to register a CAGR of 6.85% and reach USD 158,468.7 Million by 2025.

Dietary supplements are products containing essential nutrients such as vitamins, minerals, herbal and botanical extracts, amino acids, and enzymes that support good health. The growth of the dietary supplements market can be attributed to the increasing focus on preventive healthcare. The adoption of healthy lifestyles by consumers across the globe is increasing at a rapid pace. The number of health-conscious people has increased in the past few years. Concerns about the rise in the occurrence of health problems such as obesity, malnutrition, and weak immune systems have also increased. Therefore, consumers are increasingly opting for preventive healthcare such as enriched food & beverages that offer health benefits and nutrition.

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Market Dynamics

The global dietary supplements market is expected to register significant growth during the forecast period. The changing lifestyles and increasing disposable incomes are the key driving factors for the rising demand for sports nutrition products. The growing health consciousness is also contributing to a shift toward active lifestyles. Consumers increasingly include outdoor activities and fitness in their daily routines. The consumer base for sports nutrition products has expanded to include those looking to lose weight, fight age-related ailments such as sarcopenia, and vegans and vegetarians trying to supplement their diets.

Segmentation

On the basis of product type, the global dietary supplements market has been divided into vitamins, minerals, amino acids & proteins, probiotics, blends, and others. The vitamins segment is expected to dominate the global market and be valued at USD 79,600.9 million by the end of 2025. The amino acids & proteins segment is projected to register the highest CAGR of 7.50% from 2019–2025. The demand for protein supplements has increased in the last few years. The growing awareness regarding fitness activities has increased the consumption of a high-protein diet. Protein supplements are consumed along with the diet to increase protein intake.

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Regional Analysis

North America is expected to constitute a dominant share of the dietary supplements market during the forecast period. The region accounted for a 37.06% share of the market in 2018. The US and Canada are among the major contributors to the growth of the North American market. The market in the region is projected to register a significant CAGR of 6.43% during the forecast period of 2019 to 2025. The escalating medical service costs have resulted in a shift of consumers toward the adoption of healthy alternatives in their daily routine and the consumption and demand for dietary supplements have increased drastically.

Key Players

The prominent players in the Global Dietary Supplements Market include Bayer AG (Germany), The Nature's Bounty Co. (US), Glanbia plc (Ireland), Herbalife Nutrition Ltd. (US), GlaxoSmithKline plc (UK), Abbott Laboratories (US), Amway Corp (US), Otsuka Holdings Co., Ltd (Japan), Nature's Way Products, LLC (US), and Living Essentials Marketing, LLC (US).

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