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Wellness Supplements Market Analysis (2023-2032)- Growth Drivers, Opportunity Assessment, International Expansion And Major Players | Nestle, Shaklee Corporation, Otsuka Pharmaceutical Co. Ltd., GNC Holdings Inc., Archer Daniels Midland Company
Wellness Supplement Market
Wellness Supplements Market Size, Growth Rate, And Forecast:
The global wellness supplements market size grew from $258.51 billion in 2022 to $277.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. 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 wellness supplements market size is expected to grow to $365.17 billion in 2027 at a CAGR of 7.1%.
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Wellness Supplements Market Drivers:
An increasing focus on healthy lifestyles is expected to propel the growth of the wellness supplements market going forward. A healthy lifestyle keeps an individual energetic and reduces the risk for disease. Exercising, good nutrition, adequate sleep, and the intake of wellness supplements are the foundations of healthy living, which encourages people to incorporate health-improving supplement items into their daily lives.
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Wellness Supplements Market Segments:
By Product Type: Dietary Supplements, Vitamin, Mineral, Protein, Herbal
By Functional Food and Beverages: Omega Fatty Acids Fortified Food, Probiotic Fortified Food, Branded Iodinated Salt, Branded Wheat Flour, Energy Drinks, Sports Drinks
By Application: Home Care, Hospital, Chemical
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Wellness Supplements Market.
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Wellness Supplements Market Key Players:
Major competitors in the wellness supplements market include Nestle, Shaklee Corporation, Otsuka Pharmaceutical Co. Ltd., GNC Holdings Inc., Archer Daniels Midland Company, The Bountiful Company, Pola Inc., OPTAVIA LLC.
The Business Research Company's "Global Wellness 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 Wellness Supplements Market Include:
1. Executive Summary
2. Wellness Supplements Market Characteristics
3. Wellness Supplements Market Trends And Strategies
4. Wellness Supplements Market - Macro Economic Scenario
5. Wellness Supplements Market Size And Growth
……
26. Africa Wellness Supplements Market
27. Wellness Supplements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wellness Supplements Market
29. Wellness Supplements Market Future Outlook and Potential Analysis
30. Appendix
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