Global Wellness Supplements Market accounted to USD 251.4 billion by 2020 growing at a CAGR of 6.9% till 2024
Global Wellness Supplements Market accounted to USD 251.4 billion by 2020 growing at a CAGR of 6.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Wellness Supplements Market Definition:
Wellness supplements are the substances taken to add further nutritional value to the diet for enhanced health and to provide nutrients or non-nutrient substances, which are biologically beneficial.
Global Wellness Supplements Market Competitive Analysis:
The Global Wellness Supplement Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wellness supplement market for global, Europe, North America, Asia Pacific and South America.
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Major Market Drivers and Restraints:
•Ingestion of such supplements increases the strong immunity.
•Increase in focus on healthy lifestyle.
•Increasing in the beneficiaries of preventive health over treatments.
•High cost of wellness products hinders the market.
•Changing regulatory policies inhibits the growth of the market.
Market Segmentation: Global Wellness Supplements Market
By Products the market for wellness supplements market is segmented into Dermo-cosmetic, which is classified into anti-acne supplements , anti-aging supplements and anti-cellulite supplements; Dietary supplements, which is further classified into herbal supplements, mineral supplements, protein supplements and vitamin supplements, Functional/Fortified food & beverages are categorized as branded iodinated salt, branded wheat flour, fortified juices, energy drinks, omega fatty acids fortified food, sports drinks and probiotic fortified foodand Food intolerance products which is classified as diabetic foods, gluten-free foods, lactose-free foods and other special milk formula.
By End User the market is segmented in Infants, Children, Adult, and Old Age.
On the basis of geography, wellness supplements market report covers multiple geographies such as North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, India, South Korea and Japan among others. North America is expected to dominate the market.
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Major Market Competitors :
Some of the major players operating in wellness supplement products market are:
• Nestle S.A. (Switzerland),
• Abbott Laboratories (U.S.),
• Amway (U.S.),
• Otsuka Holdings Co., Ltd. (Japan),
• Herbalife Ltd. (U.S.),
• Archer Daniels Midland Company (U.S.),
• Glanbiaplc (Ireland),
• NBTY, Inc. (U.S.),
• GNC Holdings Inc. (U.S.),
• Nu Skin Enterprises, Inc. (U.S.),
• GrupoOmnilife (Mexico),
• Forever Living (U.S.),
• Pola, Inc. (Japan),
• Shaklee Corporation (U.S.),
• Usana Health Sciences Inc. (U.S.),
• Pharmavite LLC,
• Nature’s bounty Inc.,
• Bayer Ag
• Omega Protein Corporation.
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