Press release
Global Vitamin Supplements Market to Reach USD 93.34 Billion by 2030, Growing at a 7.77% CAGR
Vitamin Supplements Market
August 14, 2024 - The Vitamin Supplements market size was valued at USD 55.28 Bn. in 2023 and is expected to reach USD 93.34 Bn. by 2030, at a CAGR of 7.77%.
Vitamin Supplements Market Overview:
The market for vitamin supplements includes goods that offer concentrated versions of vital vitamins and minerals; these items are frequently in the form of pills, capsules, tablets, powders, or candies. The purpose of these supplements is to promote general health and wellness by addressing nutritional deficiencies and supplementing food consumption.
The market for vitamin supplements will grow as people become more conscious of the advantages of preventative healthcare, making lifestyle adjustments, and taking vitamins. Growing disposable incomes and an elderly population in need of nutritional support are the main drivers of this increase. Vitamin supplements are generally accessible to a variety of consumer categories, including adults, the elderly, and expectant mothers. They may be found in pharmacies, supermarkets, internet shops, and direct selling channels.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/req_sample/vitamin-supplements-market/2343
What are Vitamin Supplements Market Dynamics?
Boosting Health and Exercise: The Market for Vitamin Supplements Soars amidst a Worldwide Health Renaissance
The adult population's growing emphasis on fitness and wellbeing has led to a trend in the vitamin supplement market: sports nutrition. People are encouraged to maintain their health and fitness by fitness experts, athletes, and enthusiasts via social media platforms and endorsements. For example, to promote its product line in the vitamin supplements and nutrilite markets, Amway India, a major participant in the industry, teamed up with Indian weightlifter Mirabai Chanu to create the "Passion Ko Do Poshan" campaign in December 2022. Furthermore, people are urged to adopt a healthy lifestyle that reduces the chance of developing diseases like obesity, diabetes, and cardiovascular illnesses since the number of people globally suffering from these ailments rises daily.
What is Vitamin Supplements Market Regional Insight?
It is anticipated that the market for vitamin supplements would continue to expand rapidly due to consumer lifestyle changes and rising health consciousness. The market for vitamin supplements in North America had the lion's share of the worldwide market share in 2023 and is anticipated to rise steadily in the coming years. The increasing incidence of lifestyle-related illnesses like obesity has led to customers in this area looking for vitamin supplements and functional foods that provide additional health advantages to basic nutrition. Because of the increasing knowledge of the importance of multivitamins for maintaining biological functions and general health, this specific section of the vitamin supplement industry has grown significantly.
What is Vitamin Supplements Market Segmentation?
By Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
Multivitamin
By Form
Powder
Tablets
Capsules
Softgels
Others
By Distribution Channel
Supermarkets/Hypermarkets
Retail Pharmacy
Online sales
Others
By End-user
Paediatric
Adults
Geriatric
Pregnant Women
Children and Infants
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ! @https://www.stellarmr.com/report/req_sample/vitamin-supplements-market/2343
Some of the current players in the Vitamin Supplements Market are:
North America
Amway Corp. (US)
ADM (Archer Daniels Midland Company) (US)
Pharmavite (US)
GSK Plc (US)
Fullwell LLC (US)
Garden of Life, LLC (US)
The Nature's Bounty Co. (US)
NOW Foods (US)
Pfizer (US)
Europe
BASF (Germany)
Bayer (Germany)
Glanbia PLC (Ireland)
Koninklijke DSM NV (Netherlands)
SternVitamin GmbH (Germany)
Vitablend Nederland BV (Netherlands)
Merck (Germany)
Asia Pacific
Zhejiang Garden Biochemical High-Tech Co., Ltd (China)
Resonac (Japan)
Healthy Life Pharmaceuticals Private Limited (India)
Sanofi (India)
Cipla (India)
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฅ๐๐๐ฌ๐ ๐๐ข๐ฌ๐ข๐ญ:https://www.stellarmr.com/report/vitamin-supplements-market/2343
Key Questions answered in the Vitamin Supplements Market Report are:
Which region held the largest Vitamin Supplements Market share in the Vitamin Supplements Market?
What is the expected Vitamin Supplements Vitamin Supplements Market size by 2030?
Which factors are the opportunities for the Vitamin Supplements Vitamin Supplements Market growth?
What are investment opportunities for the Vitamin Supplements Vitamin Supplements Market?
What are the recent industry trends that were implemented to generate additional revenue streams for the Vitamin Supplements Market?
Which segment dominates the Vitamin Supplements Market?
Key Offerings:
Past Market Size and Competitive Landscape
Vitamin Supplements Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Vitamin Supplements Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include 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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