Dietary Supplements Market including Nestle (Switzerland), Abbott (US), Amway Corp (US), Pfizer Inc. (US), ADM (US), International Flavors & Fragrance (US) and Other Top Players

"Dietary supplements market is projected to grow at a CAGR of 7.4% during the forecast period."

According to Researcher, 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.

Dietary supplements are used to supplement the diet and provide essential nutrients, vitamins, minerals, herbs, or other beneficial substances. They help support overall health, fill nutritional gaps, and address specific health concerns. Dietary supplements come in various forms such as tablets, capsules, powders, liquids, soft gels, and gel capsules. They can be taken as additional supplements to enhance nutrient intake, as medicinal supplements to address specific deficiencies or health conditions, or as sports nutrition supplements to enhance athletic performance and support muscle recovery. These different types and applications of dietary supplements cater to a wide range of health and wellness needs.

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The dietary supplements market is expected to witness significant growth during the forecast period increasing demand for health and wellness products, preventive healthcare, and the trend toward self-care and personal well-being. Manufacturers are continuously investing and expanding their market to meet the growing demand for dietary supplements. For example, Nestlé strengthens its presence in the Brazilian dietary supplements market with the acquisition of PurVida, Brazil.

"By type, the Vitamins segment is the largest segment during the forecast period."

Vitamins play a crucial role in maintaining overall health and are essential for various bodily functions. Factors driving the growth of the vitamin segment include increasing health awareness, rising prevalence of vitamin deficiencies, and a growing focus on preventive healthcare. Consumers are seeking to fill nutritional gaps through vitamin supplementation to support their well-being. The availability of a wide range of vitamin formulations, including single vitamins or multivitamin combinations, caters to diverse consumer needs. With the increasing emphasis on maintaining optimal nutrition, the vitamin segment is expected to witness significant growth in the dietary supplements market.

Dietary supplements have become a prevalent component of modern lifestyles, offering a convenient and often targeted approach to fulfilling nutritional needs. These supplementary products encompass a wide array of vitamins, minerals, herbs, enzymes, amino acids, and other bioactive compounds, aiming to bridge nutritional gaps and promote overall well-being.

For individuals with specific dietary restrictions, allergies, or health conditions, dietary supplements can play a pivotal role in ensuring essential nutrient intake. Vitamins like D, B12, and C, along with minerals such as iron and calcium, are commonly supplemented to address potential deficiencies.

Herbal and botanical supplements have also gained popularity, with claims of various health benefits. From ginseng to turmeric, these natural remedies are believed to support immune function, reduce inflammation, and promote vitality.

However, while dietary supplements offer potential advantages, informed and cautious consumption is crucial. Not all supplements are rigorously regulated, and their effectiveness can vary. Consulting healthcare professionals before adding supplements to one's regimen can help ensure safe and appropriate use.

Dietary supplements are not intended to replace a balanced diet but rather to complement it. Prioritizing a diverse and nutrient-rich diet remains fundamental to achieving optimal health. As the demand for personalized wellness grows, dietary supplements provide an avenue for individuals to fine-tune their nutritional intake, ultimately contributing to a holistic approach to health and vitality.

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This release was published on openPR.