Press release
Wellness Supplement Market Analysis, Key Trends, Growth Opportunities, Challenges and Key Players by 2030
Wellness Supplement Market to witness growth at a CAGR of 8.1% during the forecast period of 2022 to 2030. The market witnessed growth at a stellar rate even during the previous forecast period of 2018 to 2021Wellness supplements are substances that are meant to complement the diet with additional nutrients for better health. Due to the rising prevalence of eating and health disorders, the market for wellness supplements is anticipated to have significant growth in the near future. Dietary supplements, products for food intolerance, fortified or functional foods and beverages, and derma-cosmetic skin needs are just a few of the wellness supplements that are offered.
The study carefully examines the past and present to forecast the size of the global market for wellness supplements in the coming years, in terms of both value and volume.
Women go through the menopause transition phase with a variety of symptoms like hot flashes, night sweats, musculoskeletal pain, etc., and use many supplements to treat these issues.
Due to factors such as the fast urbanisation of society, the rise in the number of women, and increased consumer awareness, to name a few, there has been a significant increase in the demand for menopause wellness goods in recent years.
Overall market growth is being driven by elements like rising consumer awareness, expanding healthcare infrastructure, and rising female purchasing power.
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Global Wellness Supplement Market - Segmentation
The global wellness supplement market has been sub-classified into by dietary supplements and by functional foods and beverages.
By Dietary Supplements
• Vitamin
• Mineral
• Botanical
• Probiotics
• Fatty Acid
• Protein
• Others
By Functional Food & Beverages
• Functional Bakery and Confectionary
• Functional Dairy
• Energy Drink
• Sports Drink
• Infant Formula and Baby Food
• Others
Global Wellness Supplement Market - Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Wellness Supplement Market - Key Market players
Life Extension, OPTAVIA LLC, Beachbody LLC, Nature's Sunshine Products, Inc., Organo Gold., Thrive Life, LLC, Phytoscience Trévo, Oriflame Cosmetics AG, Melaleuca Inc, Shaklee Corporation, Arbonne International, LLC., Forever Living.com, L.L.C, Juice Plus+, Herbalife International of America, Inc, and Isagenix Worldwide LLC, Nikken Inc., Wellness Resources, Inc., The Daily Wellness Company, Otsuka Holdings Co. Ltd, Glanbia plc, Nestle, Nuskin, and USANA Health Sciences, are some of the major players that are boosting the growth of the market during the forecast period.
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FAQs
• What is the estimated growth for the market during the forecast period?
• What is the importance of the product due to which the market is witnessing such an exceptional growth?
• What are some of the factors that are driving the growth of the market?
• Which region is estimated to lead the growth of the market during the forecast period?
• Who are the major players that are driving the growth of the market?
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