Next Generation Dietary Supplements Market Size, Growth Opportunities 2024-2030

According to Precision Business Insights (PBI), the latest report, the global next-generation dietary supplements market was valued at USD 10,752.3 million in 2023 and is expected to grow at a CAGR of 8.8% from 2024-2030. The primary factors that drive the market are the growing demand for rising consumer knowledge of the various health benefits of Next Generation Dietary Supplements, as well as rising disposable income levels, fuel market expansion in emerging economies such as India, China, and Japan, among others. Furthermore, rising pharma product prices, combined with expanding customer preferences for natural and organic products, and innovative products will drive worldwide herbal supplement growth in the future years.

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The next-generation dietary supplements market detailed Segmentation
Based On the Product, The Market is Segmented into the Following:
• Microgel
• Inhibinol

Based On Distribution Channel, The Market is Segmented into the Following:
• Offline Stores
• Online Stores

Based on Product, The Next Generation Dietary Supplements market has been further subdivided into Microgel, and Inhibinol. Due to the innovation of product like gels, which are created by on demand personalized nutrition gel formulas. The invention of new technology is fuelling the market for global next generation dietary supplements market.

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Based On Geography, The Market is Segmented into the Following:
• North America
• Europe
• Asia-Pacific
• Middle East and Asia
• Latin America

Europe region is expected to expand at a rapid pace. Europe is a market for natural ingredients for Next Generation Dietary Supplements due to an aging population and rising consumer desire for natural supplements. European companies are developing new Next Generation Dietary Supplements, and some are substituting synthetic components in product formulas with natural ones. European customers are also more willing to evaluate complementary and alternative therapies, which increases demand for the global Next Generation Dietary Supplements market.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Next Generation Dietary Supplements market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

Key players' profiles in the next generation dietary supplements market report are The Nature's Bounty Co., NatureSmart LLC, Natural Organics Inc., Swanson Health Products, NOW Health Group Inc., Healthy Origins USA, Third Coast Herb Co, Nutrova, Herbochem, and Jarrow Formulas Inc.

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