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Nutritional Supplements Market 2023 : Trends, Business Growth And Major Driving Factors | Abbott Laboratories, The Archer-Daniels-Midland Company, American Health Formulations Inc
Nutritional Supplements Global Market Report
The Business Research Company's Nutritional Supplements Global Market Report 2023 identifies 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.
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 supplemens market size is expected to reach $507.43 billion in 2027 at a CAGR of 6.8%.
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Major players in the nutritional supplements market are Abbott Laboratories, The Archer-Daniels-Midland Company, American Health Formulations Inc., Amway Corporation, ARKOPHARMA Laboratories Company Limited, Ayanda GmbH, DuPont de Nemours Inc., DSM Human Nutrition & Health, Herbalife Nutrition Ltd., Pfizer Inc., The Healing Power of Nature, GlaxoSmithKline plc, Bayer AG, Glanbia Plc, Carlyle Group, Stepan Company, Nu Skin, and XanGo.
A key trend in the Nutritional Supplements market includes the new product innovations are a key trend gaining popularity in the nutritional supplements market. Major nutritional supplement players are focused on developing new products to sustain their marketplace.
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The Nutritional Supplements market is segmented -
1) By Type: Vegan Sport Nutrition, Meal Replacement Shakes, Food Supplements, Other Types
2) By Formulation: Tablets, Capsules, Powder, Soft gels, Liquid, Other Formulations
3) By Ingredient: Botanicals, Vitamins, Minerals, Proteins & Amino Acids, Fish Oils, Fibers & Specialty Carbohydrates, Enzymes, Other Ingredients
4) By Distribution Channel: Supermarket/Hypermarket, Retail Pharmacies, Direct Selling, Drug Stores, E-Commerce
5) 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.
The Business Research Company's "Global Nutritional Supplements Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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