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Multivitamin Capsules And Tablets Market Set to Reach $39.26 Billion by 2029 with a CAGR of 6.7%: Key Drivers and Trends
Multivitamin Capsules And Tablets Market
What Is The Projected Market Size Of The Global Multivitamin Capsules And Tablets Market And Its Growth Rate?
• From $28.49 billion in 2024 to $30.26 billion in 2025, the market reveals a notable CAGR of 6.2%.
• Projection for 2029 exhibits a market size of $39.26 billion, indicating a CAGR of 6.7%.
• Factors propelling growth include increased health consciousness, expansion of the pharmaceutical industry, and growth in dietary supplements, alongside COVID-19 related health concerns.
• Growth in the forecast period can be attributed to product launches, rising consumption of sports-based nutritional supplements, and increasing geriatric population.
What Is Driving The Growth In The Multivitamin Capsules And Tablets Market?
Increasing health consciousness and demand for multivitamin capsules and tablets have surged amidst the ongoing COVID-19 pandemic. Doctors are more frequently prescribing multivitamins to prevent vitamin deficiency caused by poor diet, illnesses, and pregnancy. According to the International Food Information Council, the population adhering to diet and eating patterns in the United States has risen by 52% from 2021 to 2022, thus driving the market for multivitamin capsules and tablets.
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Who Are the Key Players Driving Multivitamin Capsules And Tablets Market Growth?
• Abbott Laboratories
• Otsuka Holdings Co.
• Glaxosmithkline Plc
• Bayer
• Natures Bounty Co.
• Glanbia Plc
• Nu Skin Entreprises
• Arkopharma
• Nutramarks
• Nestle S.A, Usana Health Sciences Inc
• Cipla Ltd, Lasons India Pvt. Ltd
• VOOST, Berocca, Blackmores, Swisse, Nature's Way, Centrum, Cenovis, MuscleBlaze MB-Vite, HK Vitals, Rainbow Light, One A Day Men's Multivitamin, CSPS Pharmaceutical, Zhejiang NHU, G&G, Simply Supplements, Evolution Organics, Nutri-Link, BioCare, Naturex, Microphyt, Ynsect, Olygose, VTF, Solgar, Evalar, Biovea, Mcepharma, Terezia, Archer Daniels Midland Company, Herbalife Ltd, NBTY, Inc, Forever Living, Grupo Omnilife, Shaklee Corporation, American Health Inc, Atrium Innovations, Pfizer, Inc, NOW Foods, HealthVit, Nature Made, GNC Holdings, Inc, Merck KGaA, Ascendis Health, Inova Pharmaceuticals, Vital Health Foods, Vitabiotics Ltd, Adcock Ingram, SA Natural Products, Beauty Gen, BSN, Grenade, Nature's Nutrition, NPL, PharmaFreak.
What Are The Key Trends In The Multivitamin Capsules And Tablets Market?
• The shift in consumer focus towards flavored gummy vitamins has emerged as a major trend.
• The market is expected to see strong growth with major trends including product launches, rising consumption of sports-based nutritional supplements, and increasing geriatric population.
What Are The Segments Of The Global Multivitamin Capsules And Tablets Market?
1) By Type: Multivitamins Tablets, Multivitamins Capsules
2) By Distribution Channel: Store Based, Non-Store Based
3) By Application: Energy And Weight Management, General Health, Bone And Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Other Applications
4) By End User: Adults, Geriatric, Pregnant Women, Children, Infants
Which Region Leads The Multivitamin Capsules And Tablets Market?
Asia-Pacific was the largest region in the multivitamin capsules and tablets market in 2024, followed by North America. The regions covered in the multivitamin capsules and tablets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Multivitamin Capsules And Tablets Market Global Market Report?
- Market Size Analysis: Analyze the Multivitamin Capsules And Tablets Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Multivitamin Capsules And Tablets Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Multivitamin Capsules And Tablets Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Multivitamin Capsules And Tablets Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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