Global Dietary Supplements Market Value to reach USD 239.4 billion by 2028 | Nestle, Abbott, Amway Corp, Pfizer Inc, ADM, International Flavors & Fragrance, and Otsuka Holdings Co., Ltd

The dietary supplements market size is estimated to be valued at USD 167.5 billion in 2023 and is projected to reach USD 239.4 billion by 2028, recording a CAGR of 7.4% in terms of value. Various factors, such as increasing health awareness, rising demand for preventive healthcare, aging population, expanding e-commerce, and the preference for natural and sustainable products drive the market.

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The dietary supplements market refers to the industry involved in the production, distribution, and sale of products that are intended to supplement the diet and provide additional nutrients or other beneficial substances. Dietary supplements come in various forms, including tablets, capsules, powders, liquids and are designed to complement or enhance an individual's nutritional intake.

Dietary supplements typically contain vitamins, minerals, amino acids, herbs, botanicals, enzymes, or other substances. They are intended to fill nutrient gaps, support overall health and well-being, improve athletic performance, boost energy levels, promote weight management, or address specific health concerns.

However, it is important to note that the dietary supplements market is regulated differently across countries. Regulatory bodies, such as the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA), have established guidelines and regulations for labeling, safety, and claims related to dietary supplements. Compliance with these regulations is crucial for manufacturers and distributors.

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Looking ahead, the dietary supplements market is expected to continue growing due to ongoing trends towards health and wellness, increased consumer awareness, and the expanding aging population. However, it is essential for consumers to make informed choices, consult healthcare professionals, and follow recommended dosage guidelines to ensure the safe and effective use of dietary supplements.

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