Press release
Dietary Supplements Market Report Cover Market Size, Top Manufacturers, Growth Rate, Estimate and Forecast 2024-2030
๐๐ก๐ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐จ๐ซ๐ข๐ณ๐จ๐ง๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ:The global dietary supplements market has been experiencing substantial growth and transformation. Valued at USD 168.03 billion in 2023, the market is projected to reach nearly USD 245.15 billion by 2030, with an expected compound annual growth rate (CAGR) of 5.54% from 2024 to 2030.
๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ:
Dietary supplements are specialized products designed to augment daily nutrition. They are available in various forms, including capsules, pills, tablets, powders, and liquids. These supplements can be sourced from natural food products or synthesized in labs. Key drivers of the market include increasing health awareness among consumers and a growing working population. The convenience of dietary supplements in fulfilling nutritional needs is another significant factor contributing to market growth from 2024 to 2030.
๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/26277/
๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:
โข Base Year: 2023
โข Forecast Period: 2024-2030
โข Historical Data: 2018 to 2023
โข Market Size in 2023: US $ 168.03 Bn.
โข Forecast Period 2024 to 2030
โข CAGR: 5.54%
โข Market Size in 2030: US $ 245.15 Bn.
๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ:
The preference for organic dietary supplements is a notable trend in the market. Organic products adhere to stringent standards and certifications, assuring safety, authenticity, and quality, which consumers value. This has led to a willingness to pay a premium for these products. Transparency in ingredient sourcing and composition further drives consumer preference for organic supplements. Government endorsements of organic farming practices have also boosted the availability of organic dietary supplements. For example, Jollywell introduced a new line of plant-based supplements in November 2022, highlighting a focus on natural ingredients and safety.
The rise of e-commerce platforms has significantly impacted the dietary supplements market by enabling companies to reach a global audience. These platforms overcome geographical barriers, allowing consumers to purchase supplements anytime, anywhere. However, the market faces challenges due to false claims made by some companies. Misleading information can lead to consumers using ineffective or harmful supplements, and companies making such claims may face legal actions and reputational damage.
๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฆ๐จ๐ ๐ซ๐๐ฉ๐ก๐ข๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Adults are the largest consumer group in the dietary supplements market, representing 47.2% of total sales in 2023. The demanding lifestyles and work schedules of adults lead to nutritional deficiencies, driving the need for supplements. The rising prevalence of lifestyle-related diseases such as obesity, cardiovascular issues, and diabetes further propels market growth. Additionally, the recognition of sports as a professional career is increasing demand for nutritional supplements among athletes.
๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Asia-Pacific (APAC) region leads the global dietary supplements market, with China, India, and Japan at the forefront. Increased consumer awareness and aggressive marketing strategies by key industry players contribute to market growth in this region. Developing countries like China and India are expected to see significant market expansion due to the presence of pharmaceutical and nutritional product companies investing in new developments tailored for the Asian market.
๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
Recent developments in the market include strategic initiatives by major companies. In December 2022, Amway opened a Business Innovation Hub in Singapore to address the evolving wellness needs in Asia. Similarly, Otsuka Pharmaceutical partnered with the Tokyo Marathon in February 2023 to promote health management among participants, emphasizing the importance of exercise and nutrition.
๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
The global dietary supplements market is poised for significant growth, driven by increasing health awareness, the rise of organic products, and the expansion of e-commerce platforms. However, challenges such as false claims and the need for scientific validation of supplement benefits remain. With continued innovation and strategic initiatives, the market is set to thrive in the coming years.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐ข๐ฌ๐ฎ๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/26277/
๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
The vitamins segment dominates the dietary supplements market. Vitamins such as A, B, C, and D play crucial roles in maintaining health. Vitamin A supports vision and immunity, while Vitamin E aids in DNA repair and immune function. These supplements are particularly popular among working professionals and athletes.
The tablet segment also holds a significant market share, accounting for approximately 44% of revenue in 2023. Tablets are cost-effective, easy to consume, and offer precise dosages, making them a preferred choice for consumers.
โข ๐๐ฒ ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ
Botanicals
Vitamins
Minerals
Amino Acids
Enzymes
Others
โข ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Tablets
Capsules
Powder
Liquids
Soft Gels
Gel Caps
โข ๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Additional Dietary Supplements
Medicinal Dietary Supplements
Sports Nutrition
โข ๐๐ฒ ๐๐ง๐-๐๐ฌ๐๐ซ
Infants
Children
Adults
Pregnant Women
Old-Aged
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐:
โข Abbott Laboratories
โข Amway Corp.
โข Archer Daniels Midland Co.
โข Herbalife International
โข Pfizer Inc.
๐๐ฎ๐ซ๐จ๐ฉ๐:
โข Arkopharma Laboratories
โข Bayer AG
โข Glanbia plc
โข Sanofi SA
๐๐๐๐:
โข Suntory Holdings Ltd.
โข Otsuka Holdings Co. Ltd.
โข Himalaya Global Holdings Ltd.
๐๐ญ๐๐ฒ ๐๐ก๐๐๐ ๐ข๐ง ๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐: https://www.maximizemarketresearch.com/market-report/global-dietary-supplements-market/26277/
๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ๐ฌ:
๐๐๐๐ญ๐ข๐จ๐ง 01: Overview
๐๐๐๐ญ๐ข๐จ๐ง 02: Report Scope for the Dietary Supplements Market
๐๐๐๐ญ๐ข๐จ๐ง 03: Landscape of the Dietary Supplements Market
๐๐๐๐ญ๐ข๐จ๐ง 04: Size of the Dietary Supplements Market
๐๐๐๐ญ๐ข๐จ๐ง 05: Types of Dietary Supplements Market Segmentation
๐๐๐๐ญ๐ข๐จ๐ง 06: Analysis of Competitive Forces
๐๐๐๐ญ๐ข๐จ๐ง 07: Profile of Customers
๐๐๐๐ญ๐ข๐จ๐ง 08: Geographic Analysis
๐๐๐๐ญ๐ข๐จ๐ง 09: Decision-Making Framework
๐๐๐๐ญ๐ข๐จ๐ง 10: Factors Driving and Hindering Growth
๐๐๐๐ญ๐ข๐จ๐ง 11: Current Market Developments
๐๐๐๐ญ๐ข๐จ๐ง 12: Assessment of Market Participants
๐๐๐๐ญ๐ข๐จ๐ง 13: Detailed Analysis of Vendors
๐๐๐ฒ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ข๐๐ฌ ๐๐๐๐ซ๐๐ฌ๐ฌ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข What defines Dietary Supplements?
โข What was the size of the Dietary Supplements market in 2023?
โข What is the growth rate anticipated for the Dietary Supplements Market?
โข Who are the leading companies and what are their offerings in the Dietary Supplements Market?
โข Which region is experiencing the most rapid growth in the Dietary Supplements market?
โข What are the various segments within the Dietary Supplements Market?
โข Which segments are encompassed in the Dietary Supplements Market?
โข Who are the key players in the Dietary Supplements market?
โข What factors are expected to propel growth in the Dietary Supplements market?
โข What is the projected CAGR for the ## market during the forecast period?
โข What upcoming opportunities and trends are emerging in the Dietary Supplements Market?
โข What recent industry trends could be implemented to enhance revenue streams?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
โข Historical Market Size and Competitive Overview (2018-2022)
โข Historical Pricing Trends and Regional Price Analysis (2018-2022)
โข Market Size, Share, and Forecast for Different Segments (2024-2030)
โข Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Market Segmentation: In-depth Analysis by Segment and Sub-segment, Across Regions
โข Competitive Landscape: Profiles of Key Players from a Strategic Perspective, Across Regions
โข Competitive Analysis: Market Leaders, Followers, and Regional Players
โข Comparative Evaluation of Key Players Across Regions
โข PESTLE Analysis
โข PORTER's Analysis
โข Value Chain and Supply Chain Analysis
โข Legal Considerations for Business Operations by Region
โข Identification of Lucrative Business Opportunities through SWOT Analysis
โข Strategic Recommendations
๐๐๐๐๐ฌ๐ฌ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
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๐๐ฎ๐ซ ๐๐๐๐ซ๐๐ฌ๐ฌ:
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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