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Multivitamin Capsules And Tablets Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Multivitamin Capsules And Tablets Market
What Is the Projected Growth of the Multivitamin Capsules And Tablets Market?
The market size for multivitamin capsules and tablets has seen a significant increase in recent years. The market is forecasted to expand from $28.49 billion in 2024 to $30.26 billion in 2025 with a compound annual growth rate (CAGR) of 6.2%. Factors that contributed to growth in the past period include improved health awareness, development and widening of the pharmaceutical sector, the rise in dietary supplements, greater outlay on healthcare, and escalating health worries in relation to the COVID-19 outbreak.
In the ensuing years, the multivitamin capsules and tablets market is predicted to experience robust expansion. The market is anticipated to escalate to a value of $39.26 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%. The upsurge in the predicted period can be credited to the inception of new products, an increase in the utilization of sports-oriented nutritional supplements, and a surge in the elderly populace. Prevailing trends in the forecast period comprise product introductions, an uptick in the use of sports-focused nutritional supplements, and growth in the senior citizen population.
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What Are the Different Multivitamin Capsules And Tablets Market Segments?
The multivitamin capsules and tablets market covered in this report is segmented -
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
Subsegments:
1) By Multivitamins Tablets: Chewable Tablets, Effervescent Tablets, Coated Tablets, Standard Tablets
2) By Multivitamins Capsules: Softgel Capsules, Hard Capsules, Liquid-Filled Capsules
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What Are the Primary Drivers Shaping the Multivitamin Capsules And Tablets Market?
The multivitamin capsules and tablets market is being propelled forward due to an increase in health awareness among individuals. Doctors often recommend multivitamins tablets or capsules to rectify or prevent vitamin deficiency that might result from poor eating habits, certain diseases, or during pregnancy, as they carry multiple vitamins typically found in food and other natural sources. The COVID-19 pandemic's health implications also contributed to a surge in multivitamins demand. For example, in May 2022, the International Food Information Council, a nonprofit consumer research organization based in the U.S, reported a 52% increase in Americans adhering to specific diets and eating patterns from 2021 to 2022. Consequently, this heightened awareness regarding health is anticipated to continue fuelling the market for multivitamin capsules and tablets throughout the forecast period.
Which Companies Are Leading in the Multivitamin Capsules And Tablets Market?
Major companies operating in the multivitamin capsules and tablets market include 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 Trends Are Expected to Dominate the Multivitamin Capsules And Tablets Market in the Next 5 Years?
The trend of consumers leaning towards flavored gummy vitamins for all demographics is having an impact on the market for multivitamin capsules and tablets. The consumer demand for more enjoyable and practical supplement consumption methods is causing this shift towards gummy vitamins with flavors. An example of this is when SmartyPants Vitamins, a gummy multivitamin manufacturer based in the US, unveiled a new range of gelatin-free multivitamin gummie*s in Walmart in May 2023. The gummie*s, made from pectin obtained from citrus fruits and apples, are ideal for vegetarians and those who exclude gelatin from their diets for dietary or religious purposes. The gummie*s intended for Kids & Toddlers contain less sugar compared to major players in the market, making them a healthier choice.
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What Are the Top Revenue-Generating Geographies in the Multivitamin Capsules And Tablets Market?
Asia-Pacific was the largest region in the multivitamin capsules and tablets market in 2024. North America was the second-largest market in the multivitamin capsules and tablets market. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Multivitamin Capsules And Tablets Market?
2. What is the CAGR expected in the Multivitamin Capsules And Tablets Market?
3. What Are the Key Innovations Transforming the Multivitamin Capsules And Tablets Industry?
4. Which Region Is Leading the Multivitamin Capsules And Tablets Market?
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