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Nutritional Supplements Market Size, Share, Trends, Growth, And Industry Analysis Report 2023-2032
Nutritional Supplements Market Report
Nutritional Supplements Market Size, Growth Rate, And Forecast:
The global nutritional supplements market size is expected to grow from $363.92 billion in 2022 to $389.38 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nutritional supplements market size is expected to reach $507.43 billion in 2027 at a CAGR of 6.8%.
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Nutritional Supplements Market Drivers:
The increasing prevalence of non-communicable diseases is driving demand for the nutritional supplement market. Non-communicable diseases refer to a group of medical conditions that are usually not caused by an acute infection. These health consequences typically require long-term treatment and care. Noncommunicable diseases such as diabetes can be managed by several supplements, including alpha-lipoic acid supplementation to address diabetic complications.
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Nutritional Supplements Market Segments
•By Type: Vegan Sport Nutrition, Meal Replacement Shakes, Food Supplements, Other Types
•By Formulation: Tablets, Capsules, Powder, Soft gels, Liquid, Other Formulations
•By Ingredient: Botanicals, Vitamins, Minerals, Proteins & Amino Acids, Fish Oils, Fibers & Specialty Carbohydrates, Enzymes, Other Ingredients
•By Distribution Channel: Supermarket/Hypermarket, Retail Pharmacies, Direct Selling, Drug Stores, E-Commerce
•By End User: Infant, Children, Adults, Pregnant Women, Elderly
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Nutritional Supplements market.
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Nutritional Supplements Market Key Players:
Major competitors in the Nutritional Supplements market include Abbott Laboratories, The Archer-Daniels-Midland Company, American Health Formulations Inc., Amway Corporation, ARKOPHARMA Laboratories Company Limited
The Business Research Company's "Global Nutritional Supplements Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Nutritional Supplements Market Include:
1. Executive Summary
2. Nutritional Supplements Market Characteristics
3. Nutritional Supplements Market Trends And Strategies
4. Nutritional Supplements Market - Macro Economic Scenario
5. Nutritional Supplements Market Size And Growth
......
26. Africa Nutritional Supplements Market
27. Nutritional Supplements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nutritional Supplements Market
29. Nutritional Supplements Market Future Outlook and Potential Analysis
30. Appendix
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