Natural Health Supplements Market Health Improvement Aspects, Expert Reviews, Research 2016 to 2024

In various parts of the world, health supplements are included as a part of a diet that beholds higher nutritional value. The status of these health supplements also plays a key role in their sales. A majority of consumers will prefer that these nutritional ingredients get derived from natural or organic sources. Persistence Market Research’s recently published study explores the global market for natural health supplements, projecting how the demand for natural health supplements will shape up in the years to come. And, the crux forecast of Persistence Market Research’s report goes – “In 2016, global natural health supplements market was estimated to be valued at US$ 36,803.52 Mn; which is assessed to increase at a CAGR of 8.0% to reach US$ 68,140.05 Mn by the end of 2024.”

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In 2016, the global natural health supplements market was valued at nearly US$ 37 Bn, which is estimated to register a CAGR of 8.0% over the forecast period to reach nearly US$ 70 Bn by the end of 2024.

Increased government funding towards research and development of nutritional supplements

Due to a rapid increase in the prevalence of lifestyle diseases, people are now more inclined towards the concept of preventive healthcare and are adopting a healthier lifestyle. As the consumption of various kinds of health supplements promotes health and improves bodily functions, consumers are getting attracted towards such products. This has led to the increased sales of health supplements directly boosting the market. In addition, the funding of the government towards research on the beneficial effects offered by health supplements is also on a rise. Moreover, there is increased government funding for the ingredients required to manufacture health supplements. All these factors combined are giving an impetus to the development of the global natural health supplements market.

Factors measured by analysts for assessment of this forecast include:

Increasing government funding towards R&D of nutritional supplements

Growing consumption of unused volumes of natural-based ingredients in health supplement industry

Rising adoption of self/direct medication practices among consumers

Use of natural health supplements as preventive measure for lifestyle diseases

Surging demand for natural health supplements among geriatric population suffering from bone & joint disorders

Escalating global clout of e-commerce platforms and digitalization trends are also observed to be key boosters for the market’s growth. The report also expects manufacturers of health supplements to remain inclined towards formulation of natural health supplements having holistic benefits. Companies such as Herbalife International Inc., Omega Protein Corporation, Archer Daniels Midland Company, Evonik Industries AG, Amway Corporation, The Nature's Bounty Co., Naturex SA, Blackmores Limited, United Naturals Food, Inc., and Nutraceutical International Corporation are recognized as key manufacturers of natural health supplements in the world.

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The report also projects higher contribution of Asia-Pacific (APAC) region to the global natural health supplement revenues. In 2017 and beyond, the APAC natural health supplement market will register fastest revenue growth and exhibit a value CAGR of 8.5%. North America will also be a lucrative region for natural health supplement businesses during the forecast period. By 2024-end, over US$ 22 Bn worth of natural health supplements will be consumed across the US and Canada.

Considering the demographics of consumers for natural health supplements, women consumers will remain key targets for manufacturers. Towards the end of 2021, a little over 40% of the world’s natural health supplement revenues are projected to be accounted by women consumers. Product offerings and future developments of natural health supplement manufacturers are, thus, likely to remain direct towards attracting – firstly women, and then senior citizens. Sports & nutrition applications of natural health supplements are also projected to bring in higher revenues, procuring over one-fourth share of global revenues throughout the forecast period. Demand for natural health supplements will also gain traction in bone & joint support and weight management applications.

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This release was published on openPR.