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Multivitamin Capsules And Tablets Market 2023 - Size, Industry Share, Growth Analysis, Segmentation And Forecast To 2032
Multivitamin Capsules And Tablets Market Analysis
Multivitamin Capsules And Tablets Market Size, Growth Rate, And Forecast
The global multivitamin capsules and tablets market size grew from $20.28 billion in 2022 to $22.38 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. 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 multivitamin capsules and tablets market size is expected to grow to $33.05 billion in 2027 at a CAGR of 10.2%.
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Multivitamin Capsules And Tablets Market Drivers
Increasing health consciousness among individuals is driving the market for multivitamin capsules and tablets. Multivitamins tablets or capsules are often prescribed by doctors to treat or prevent vitamin deficiency due to poor diet, certain illnesses, or during pregnancy as it contains different vitamins that are normally found in foods and other natural sources. The demand for multivitamins also increased attributing to rising health concerns associated with the COVID-19 pandemic.
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Multivitamin Capsules And Tablets Market Segments
1) By Type: Multivitamins Tablets, Multivitamins Capsules
2) By Distribution Channel: Store Based, Non-Store Based
3) By Application: Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Other Applications
4) By End User: Adults, Geriatric, Pregnant Women, Children, Infants
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the multivitamin capsules and tablets market.
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Multivitamin Capsules And Tablets Market Key Players
Major competitors in the multivitamin capsules and tablets market include Herbalife Nutrition, Abbott Laboratories, Bayer, Nature's Bounty Co., Bionova Lifesciences, Ayanda GmbH, NutraMarks Inc., American Health Inc.
The Business Research Company's "Global Multivitamin Capsules And Tablets 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 Multivitamin Capsules And Tablets Market Include:
1. Executive Summary
2. Multivitamin Capsules And Tablets Market Characteristics
3. Multivitamin Capsules And Tablets Market Trends And Strategies
4. Multivitamin Capsules And Tablets Market - Macro Economic Scenario
5. Multivitamin Capsules And Tablets Market Size And Growth
......
26. Africa Multivitamin Capsules And Tablets Market
27. Multivitamin Capsules And Tablets Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Multivitamin Capsules And Tablets Market
29. Multivitamin Capsules And Tablets Market Future Outlook and Potential Analysis
30. Appendix
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