Food Supplement Market is projected to grow significantly, reaching USD 345.13 billion by 2031- Amway, Abbott Laboratories & Bayer AG.

The global food supplement market, valued at USD 172.89 billion in 2023, is projected to grow significantly, reaching USD 345.13 billion by 2031. This growth is expected to occur at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

A food supplement, also known as a diet supplement, is a product designed to enhance the intake of essential nutrients and support overall health. These supplements come in various forms, including tablets, capsules, powders, liquids. They contain vitamins, minerals, amino acids, fatty acids, herbs, or other botanicals. Food supplements are used to fill nutritional gaps in the diet, boost specific health aspects, or address deficiencies. They are not intended to replace a balanced diet but to complement it by providing additional nutrients that may not be consumed in sufficient amounts through food alone.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅 - https://www.datamintelligence.com/download-sample/food-supplement-market

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

✔ January 2024: Abbott Laboratories launched PROTALITY, a new brand under Abbott Nutrition, aimed at enhancing their product portfolio. This high-protein nutrition shake is designed for adults who are focused on weight loss while preserving muscle mass and maintaining good nutrition.

✔ February 2024: Performance Lab introduced nine new single-supplement nutrients, which include Vitamin B-Complex, Calcium, Iron Complex, Magnesium, Potassium, Vitamin C, and the lesser-known but crucial elements Iodine, Selenium, and Zinc.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

✔ Aging Population as a Market Driver: The growing aging population is a key driver for the development of the food supplement market.

✔ Health Concerns with Aging: Older adults often face health issues such as joint problems, bone health concerns, cognitive decline, and weakened immune systems, making targeted food supplements more appealing.

✔ Dietary Challenges: Aging is associated with changes in metabolism, reduced appetite, and difficulty maintaining a balanced diet, increasing the demand for supplements that address these challenges.

✔ Cognitive Health Supplements: Supplements containing omega-3 fatty acids, antioxidants, and other nutrients that support brain health and cognitive function are marketed to the aging population to help with memory and cognitive decline.

✔ Population Statistics: According to WHO (2022), the number of people aged 60 and over is projected to increase from 1 billion in 2020 to 1.4 billion by 2050. The global population of those aged 80 years or older is expected to triple from 2020 to 2050, reaching 426 million.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

By Ingredient: Vitamins, Vitamins, Botanicals, Minerals, Proteins and Amino Acids, Omega Fatty Acids, Others.

By Form: Tablet, Capsules, Soft Gels, Powders, Liquids, Others.

By Application: Energy and Weight Management, General Health, Bone and Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Others.

By End-User: Adults, Geriatric, Pregnant Women, Children, Infants.

By Distribution Channel: Offline, Online.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.datamintelligence.com/customize/food-supplement-market

𝐌𝐚𝐣𝐨𝐫 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• Amway
• Abbott Laboratories
• Bayer AG
• Pfizer Inc
• ADM
• Carlyle Nutritionals LLC
• Glanbia Plc
• Haleon Plc
• Otsuka Holdings Co Ltd
• Herballife Ltd

*𝐍𝐨𝐭𝐞:

**𝐓𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐞𝐫𝐬𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐬 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐞𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐧𝐝 𝐬𝐭𝐚𝐫𝐭𝐮𝐩𝐬, 𝐰𝐡𝐢𝐜𝐡 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐞𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐚𝐧𝐝 𝐤𝐞𝐲 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐛𝐞𝐢𝐧𝐠 𝐚𝐝𝐨𝐩𝐭𝐞𝐝**

This Report Covers:

✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Herbal Supplements Market: https://datamintelligence.com/research-report/herbal-supplements-market

Medicinal Herbs Market: https://datamintelligence.com/research-report/medicinal-herbs-market

Affiliate Marketing Request here: https://www.datamintelligence.com/affiliate-marketing

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬 -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.