Vitamins and Supplements Market Global Major Companies Profile and Key Regions 2028

The global vitamins and supplements market size is set to gain impetus from the increasing demand for healthy and innovative products to prevent various symptoms related to coronavirus, such as tiredness, diarrhea, chest pain, and shortness of breath. This information is published by Fortune Business Insights™ in a new report, titled, "Vitamins and Supplements Market Size, Share & COVID-19 Impact Analysis, By Type (Multivitamins, Calcium Supplements, Pediatric Supplements, and Others), Form (Capsule, Tablet, Powder, and Liquid & Gel), Distribution Channel (Supermarkets, Convenience Stores, Specialty Stores, and Online Retails), and Regional Forecast, 2021-2028." As per the report, the market size was USD 129.60 billion in 2021 and is projected to reach USD 196.56 billion by 2028, exhibiting a CAGR of 6.13% during the forecast period. It stood at USD 119.66 billion in 2020.

COVID-19 Pandemic to Spur Demand Backed by Need to Improve Immune System

The COVID-19 pandemic has affected the global market positively. Consumers are looking for healthy and nutritional products to enhance their natural defense system. The U.S. National Health and Nutrition Examination Survey, for instance, mentioned that more than 50% of the U.S. population consumed vitamins and supplements amid the pandemic. Also, researchers have found that function-specific antioxidants, especially for boosting one's immunity, are set to create new growth opportunities.

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List of the Leading Companies Profiled in the Global Vitamins and Supplements Market are:

Bayer AG (Leverkusen, Germany)
Koninklijke DSM N.V. (Heerlen, Netherlands)
Archer Daniels Midland Company (Illinois, U.S.)
BASF SE (Ludwigshafen, Germany)
Glanbia, Plc (Kilkenny, Ireland)
Nuleaf Naturals LLC. (Colorado, U.S)
Herbalife Nutrition (California, U.S.)
Reckitt Benckiser Group plc (Slough, U.K.)
NutraMarks Inc. (California, U.S.)
Otsuka Pharmaceutical (Tokyo, Japan)
Report Coverage:

Our skilled analysts have presented an accurate picture of the global market for vitamins and supplements by summation, synthesis, and study of data from various crucial sources. They have also included multiple facets of the industry with the main focus on determining the significant market influencers. Thus, the data is reliable and comprehensive. It was collected through extensive primary and secondary research.

Drivers & Restraints:

Increasing Awareness of Preventative Healthcare Products to Augment Growth

The population of children and senior citizens is growing day by day across the globe. This has strengthened the expenditure of people on vitamins. Regulatory bodies of various countries are modernizing their norms implemented on the production of vitamins and supplements. Besides, the rising awareness regarding preventative healthcare products among consumers is expected to propel marketing and production efforts by renowned firms.

Furthermore, numerous manufacturers worldwide are utilizing unique technologies to fulfil the high demand. At the same time, the rapid acceptance of such products would bolster the vitamin and supplement market growth. However, these products must go through the Health and Education Act of 1994, which can result in procedural delay. This factor may hinder the demand for supplements & vitamins.

Segments:

Multivitamins Segment Earned 35.06% in 2020: Fortune Business Insights™

Based on the type, this market is divided into pediatric supplements, calcium supplements, multivitamins, and others. Out of these, the multivitamins segment held 35.06% in terms of the vitamins and supplements market share in 2020. This growth is attributable to the increasing consumption of vitamin A, C, E, & D to reduce deficiencies of micronutrients.

Regional Insights:

High Demand for Traditional Medications to Favor Growth in Asia Pacific

In 2020, Asia Pacific generated USD 54.44 billion in terms of revenue. The adoption of the concept of nutritional food items in the region on account of the rising concerns regarding malnutrition would aid growth in this region. Japan and China are considered to be the leading markets because of the high demand for conventional medicines. In North America, the market is set to grow astonishingly on account of the rising acceptance of healthy intake during hectic work schedules, especially in Mexico and the U.S.

Competitive Landscape:

Key Players Aim to Conduct R&D Activities to Introduce Novel Vitamins & Supplements

Key Companies operating in this market are striving to strengthen their positions by conducting extensive research and development activities. Some of the others are trying to cater to the high demand created by the COVID-19 pandemic.

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Detailed Table of Content:

Introduction
Research Scope
Market SegHouseholdtation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Emerging Trends
Key Insights
Overview on Global Nutraceutical Market
Supply Chain & Regulatory Analysis
Global Vitamins & Supplements Price Trend
Recent Industry DevelopHouseholdts - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
Impact of COVID-19, Challenges, and Opportunities amid the Pandemic
Global Vitamins and Supplements Market Analysis, Insights and Forecast, 2017-2028
Key Findings / Summary
Market Size Estimates and Forecast
By Type (Value)
Multivitamins
Calcium Supplements
Pediatric Supplements
Others (Mineral & Protein) (Mineral & Protein)
By Form (Value)
Capsule
Tablet
Powder
Liquid & Gel
By Distribution Channel (Value)
Supermarket/Hypermarket
Convenience Stores
Speciality Stores
Online Retails
By Region (Value)
North America
Europe
Asia Pacific
South America
Middle East & Africa
TOC Continued…!

Below are two latest industry developments:

May 2020: Homart Pharmaceuticals unveiled three new vitamin C products under the Toplife and Springleaf brands. It plans to fulfil the surging demand for immunity boosters amid the COVID-19 pandemic.
April 2020: itSpray introduced BOOSTit across Arizona and Nevada. It is an oral spritz vitamin brand that uses a sublingual delivery system. It can act faster than , powders, and pills.
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This release was published on openPR.