Future Scope of Dietary Supplements in the Age of Personalized Nutrition Market | expected to grow at an approximate CAGR of 6.90% | Top Key Players - Nestlé Health Science, Danone Nutricia, Carlyle Group, Amway (Nutrilite), Archer Daniels Midland, Abbot

In recent years, the dietary supplement market has witnessed tremendous growth. The major factors influencing the growth of the market include rapid diversification and rising prevalence of various lifestyle diseases worldwide, rising approval from government bodies, growing awareness, and screening for diabetes mellitus, rise in research funding for diagnosis and treatment of these conditions. Furthermore, increasing government healthcare expenditure for the welfare of the population, has spurred the growth of this market. Healthcare expenditure across the globe is continuously increasing. From the last decades, healthcare expenditure in regions like the Americas and Europe has increased. According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending is likely to increase 5.8% reaching USD 3.2 trillion. Since 2016, the healthcare spending in North America has been increased. Canadian healthcare specifically was stressed by an advancing demographic move. Therefore, growing healthcare expenditure.

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Some of the key players in this market are Nestlé Health Science, Danone Nutricia, Carlyle Group, Amway (Nutrilite), Archer Daniels Midland, Abbott Laboratories, Herbalife International, Amway, Danisco, Glanbia, Bayer AG, GlaxoSmithKline plc, Pfizer Inc., Balchem Corporation, Natures Product Inc., Bactolac Pharmaceutical Inc. and others.
Increasing incidence of diseases due to sedentary lifestyle and a lack of balanced diet has majorly influenced the growth of the market. According to the World Health Organization (WHO), in 2015, over 17.7 million people died from cardiovascular diseases, representing 31% of all global deaths. According to the same study, it was found that 82% of the total deaths occurred in the low and middle-income countries. Dietary supplements in the age of personalized nutrition plays an important role in the treatment of various lifestyle diseases such as atherosclerosis, cardiovascular disease, stroke; obesity and type 2 diabetes due to which there has been an increasing demand for dietary supplements in the age of personalized nutrition. Changing the dietary approaches and switching to therapeutic lifestyle prove effective in the prevention of hypertension and other cardiovascular disorders. Furthermore, many organizations such as the America Heart Association and the National Heart, Lung and Blood Institute have come up with strategic diets to minimize the risks for cardiovascular and other lifestyle related diseases.

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Segmentation

The global dietary supplements in the age of personalized nutrition in the age of personalized nutrition market are segmented on the basis of product category, application, gender, dosage form and end user.

On the basis the product category, it is segmented into vitamins, herbs & botanicals, sports supplements, meal supplements, minerals and other.

On the basis of the application, it is segmented into lifestyle diseases, inherited diseases, genetic predispositions and others.

On the basis of the gender, it is segmented into female and male. Female and male is further segmented into various age groups, namely, 55 + age group, 35-54 age group, 19-34 age group, and 0-18 age group.

On the basis of the dosage form, it is segmented into tablets, capsules, powder, liquids, soft gels and others.

On the basis of the end users, it is segmented into hospitals & clinics, home care, and others.

Figure: Global Dietary Supplements in the age of Personalized Nutrition in the Age of Personalized Nutrition Market, by Product Category

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