Press release
Liquid Dietary Supplements Market to Reach $27.73 Bn By 2027, Business and Future Opportunity
According to the report published by Allied Market Research, the global Liquid Dietary Supplements Market garnered $21.68 billion in 2019, and is expected to reach $27.73 billion by 2027, witnessing a CAGR of 4.0% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, "growth of the global liquid dietary supplements market is attributed to increase in number of patients suffering from cardiac diseases, diabetes, and rise in aging population. Moreover, awareness regarding health & fitness among people also contribute toward growth of the market."
Covid-19 scenario-
The outbreak of the pandemic led to closure of manufacturing operations and the production of dietary products faced disruptions in the supply chain, thereby affecting the liquid dietary supplements market negatively during the first phase of the lockdown.
On the other hand, the fact that mineral and vitamin supplements have proved to be quite effective in boosting the immunity of individuals has impacted the market positively.
Based on ingredient, the vitamins & minerals segment held the highest market share in 2019, accounting for more than two-fifths of the total share, and is projected to maintain its lead position during the forecast period. However, the proteins & amino acids segment is estimated to grow at the highest CAGR of 4.6% from 2020 to 2027.
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Liquid nutritional supplements are dietary supplements that are available in liquefied form. They are generally used to improve body metabolism and decrease incidents of lifestyle disorders. They are primarily used by consumers that are incapable or do not consuming dietary supplements in the form of capsules, thick gel, and solid tablets.
North America to remain lucrative by 2027-
Based on geography, North America held the major share in 2019, generating nearly two-fifths of the global liquid dietary supplements market. The same region would also manifest the fastest CAGR of 4.4% during the forecast period, due to increase in incidences diabetes, obesity, joint & muscle pain, and high blood pressure in the region.
Key players in the industry-
Bayer
Herbalife International
Koninklijke DSM
BASF
Liquid Health, Inc.
Glanbia
DuPont Nutrition & Biosciences
GlaxoSmithKline
Amway
Abbott Laboratories
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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