Press release
Dietary Supplyments Market to Witness Comprehensive Growth by 2028
The Dietery Supplyments market report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR of 5.9% from 2021 to 2028. The Dietery Supplyments Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Dietery Supplyments Market is based on company profiles and their efforts on increasing product value and production.According to The Insight Partners, Dietery Supplyments Market was valued at US$ 214,165.30 million in 2021 and is projected to reach US$ 319,085.34 million by 2028; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.
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Dietery Supplyments contain various nutrients such as vitamins, minerals, proteins, amino acids, and probiotics. The Dietery Supplyments are available in different forms, such as tablets, capsules and softgels, and powders. Dietery Supplyments help in fulfilling the specific nutritional requirement of an individual.
The List of Companies - Dietery Supplyments Market
1. Anona GmbH
2. Abbott
3. Amway Corp.
4. Bayer AG
5. Arkopharma
6. Bionova
7. Pfizer Inc.
8. Otsuka Holdings Co., Ltd.
9. GlaxoSmithKline plc.
10. The Bountiful Company
In recent years, health and fitness have picked up as trends due to the rising prevalence of various diseases and medical conditions such as cancer, cardiovascular disorders, diabetes, high blood pressure, obesity, and high cholesterol. People have become aware and concerned about their health and physique over the last few years.
Dietery Supplyments contain dietary ingredients, which improve their nutritional worth. Many people use Dietery Supplyments to help them lead a healthy lifestyle. Millions of people of various age groups, backgrounds, and geographies are embracing fitness worldwide to better their physical health and overall well-being, which is boosting the demand for Dietery Supplyments substantially. For instance, according to Penn Medicine, more than one third of American citizens use supplements, with 30% of adults of age 65 and older taking four or more supplements of any kind.
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Anona GmbH; Abbott; Amway Corp.; Bayer AG; Arkopharma; Bionova; Pfizer Inc.; Otsuka Holdings Co., Ltd.; GlaxoSmithKline plc.; and The Bountiful Company are among the key players operating in the global Dietery Supplyments market. These companies are significantly investing in research and development to meet changing preferences of consumers, which would open lucrative growth opportunities in the coming years.
The COVID-19 pandemic has had a mixed impact on the dietary supplyment sector. Initially, the pandemic had a substantial impact on the Dietery Supplyments market because of the decrease in manufacturing. The imposition of lockdown halted manufacturing activities, resulting in a decrease in supply. In addition, travel restrictions across the world made it difficult to transport raw materials, which impacted the worldwide economy negatively. However, the growth of the Dietery Supplyments market surged during the COVID-19 outbreak as a result of studies claiming that Dietery Supplyments can help enhance the immune system. According to a Nutrition Outlook report, the sales of Dietery Supplyments increased during the pandemic since these supplements assist in combatting or improving the immune system against COVID-19. Furthermore, Glanbia PLC, a global nutrition company, reports that the purchasing of its Dietery Supplyments in retail stores grew in April 2020.
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Based on type, the Dietery Supplyments market is segmented into vitamins, minerals, proteins and amino acids, probiotics, blends, and others. By form, the market is segmented into tablets, capsules & softgels, powders, and others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the Dietery Supplyments market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM)
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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