The rise in consumer awareness regarding health and wellness is expected to drive the growth of the dietary supplements market. Increasing disposable income levels and changing lifestyle preferences are also contributing to the growing demand for dietary supplements. Additionally, the expanding geriatric population and the increasing prevalence of chronic diseases are further fueling market growth.
Report Coverage | Details |
---|---|
Segments Covered | Type, Form, Application, End User |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Bayer, NBTY Inc, Bionova Lifesciences, Nu Skin Enterprises, Carlyle Group, Pfizer, Glanbia, Herbalife International, Abbott Laboratories, GlaxoSmithKline, Nature’s Sunshine Form |
The stringent regulations and quality standards imposed by regulatory bodies pose a major restraint to the dietary supplements market. This can make it challenging for manufacturers to introduce new products and comply with varying regulations across different regions. Moreover, concerns regarding the safety and efficacy of certain dietary supplements can also hinder market growth.
Asia Pacific is another important region in the dietary supplements market, with China, Japan, and South Korea being the key markets. The growing middle-class population in these countries, along with the increasing disposable income, has been fueling the demand for dietary supplements. Moreover, the growing aging population and the rising health consciousness among consumers have also been driving the market growth in Asia Pacific.
Europe is also a significant region in the global dietary supplements market, with the United Kingdom, Germany, and France being the major markets. The increasing focus on preventive healthcare and the rising awareness about the benefits of dietary supplements have been driving the market growth in Europe. Additionally, the stringent regulations regarding the safety and quality of dietary supplements in the region have also contributed to the growth of the market.
Vitamins: The vitamins segment is expected to witness significant growth in the dietary supplements market due to the increasing awareness about the importance of vitamins in maintaining overall health and well-being.
Minerals: The minerals segment is also anticipated to experience growth as consumers are becoming more conscious about meeting their daily mineral requirements through supplementation.
Fibers & Specialty Carbohydrates: With the growing popularity of fiber-rich diets and specialty carbohydrates for gut health, this segment is likely to see a rise in demand.
Omega Fatty Acids: Omega fatty acids are essential for heart health and brain function, driving the growth of this segment in the dietary supplements market.
Botanicals: Consumers are increasingly turning to botanical supplements for their natural health benefits, propelling the growth of this segment.
Proteins & Amino Acids: The protein and amino acids segment is expected to grow as more people opt for protein supplements to support muscle growth and overall fitness.
Others: Other types of dietary supplements such as probiotics and enzymes are also gaining popularity among consumers seeking to improve their health through supplementation.
2. Dietary Supplements Market, By Form:
Capsules: The capsules form is one of the most popular choices for dietary supplements due to ease of consumption and convenience.
Tablets: Tablets are another common form of dietary supplements preferred by many consumers for their simplicity and portability.
Gummies: Gummies are gaining popularity among consumers, especially children, for their appealing taste and easy consumption.
Soft gels: Soft gels are widely used for oil-based supplements such as omega fatty acids, providing a convenient and easy-to-swallow option.
Liquids: Liquid supplements are popular for quick absorption and ease of consumption, making them a preferred choice for some consumers.
Powders: Powders are versatile and can be easily mixed into beverages or foods, making them a convenient choice for those who prefer customizable dosages.
Others: Other forms of dietary supplements such as bars and chews cater to varying consumer preferences and requirements.
3. Dietary Supplements Market, By Application:
General Health: The general health application segment is expected to dominate the dietary supplements market as consumers increasingly seek products that support overall well-being.
Energy & Weight Management: With rising concerns about energy levels and weight management, this application segment is projected to witness significant growth.
Gastrointestinal Health: The gastrointestinal health segment is gaining traction as consumers look for supplements that promote digestive health and gut microbiome balance.
Diabetes: Dietary supplements targeted towards managing diabetes and blood sugar levels are anticipated to see growth in this application segment.
Bone & Joint Health: The bone and joint health application segment is expected to grow due to the aging population and increasing awareness about joint health maintenance.
Immunity: Immunity-boosting supplements are in high demand, especially in light of recent global health concerns, driving growth in this application segment.
Cardiac Health: Consumers are increasingly turning to dietary supplements for heart health support, leading to growth in the cardiac health application segment.
Anti-cancer: Dietary supplements with anti-cancer properties are gaining attention among consumers seeking preventive health solutions, contributing to growth in this application segment.
Others: Other applications such as skin health, cognitive function, and sports performance cater to specific consumer needs and preferences.
4. Dietary Supplements Market, By End User:
Adult Men
Adult Women
Children
Senior Citizens
Pregnant Women
Athletes
Others
Top Market Players
- Herbalife Nutrition Ltd.
- Glanbia plc
- Amway Corporation
- GNC Holdings, LLC
- Nature's Bounty Co.
- Abbott Nutrition
- Bayer AG
- Pfizer Inc.
- USANA Health Sciences, Inc.
- NutraBio Labs, Inc.