#Dietary Supplement Market

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Dietary Supplement Market Demand, Growth, Opportunities, Top Key Player and Forecast To 2030

Dietary supplements are products designed to supplement the diet with additional nutrients, such as vitamins, minerals, herbs, amino acids, and other substances. They are available in various forms, including pills, capsules, tablets, powders, liquids, and energy bars.

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Dietary supplements are regulated by the U.S. Food and Drug Administration (FDA) as a category of food rather than drugs. As such, they are subject to different regulations than prescription drugs and over-the-counter medications.

While dietary supplements can provide health benefits, they are not intended to replace a healthy diet or to treat, diagnose, or cure any disease. Some common types of dietary supplements include:

Vitamins and minerals: These supplements provide essential vitamins and minerals that may be lacking in a person’s diet.

Herbal supplements: These supplements contain natural herbs and other plant-based substances that are believed to have health benefits.

Amino acids: These supplements contain the building blocks of proteins and are used to support muscle growth and repair.

Sports supplements: These supplements are designed to enhance athletic performance, such as creatine, caffeine, and protein powders.

Weight loss supplements: These supplements are designed to support weight loss, such as green tea extract and Garcinia cambogia.

While dietary supplements can provide health benefits, they can also have side effects and interact with other medications. It is important to talk to a healthcare provider before taking any dietary supplement, particularly if you are pregnant, nursing, or have a chronic health condition.

Overall, dietary supplements can be a useful addition to a healthy diet, but should be used with caution and under the guidance of a healthcare provider. It is important to choose high-quality supplements from reputable manufacturers and to follow the recommended dosages.

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Global Dietary Supplement Market | Pharmaceuticals Industry

Global Market for Dietary Supplements would witness a CAGR of 8.91% and is predicted to generate a revenue of approximately $306.12 million by 2028.

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Dietary Supplements Market size is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. It is estimated at USD 155.2 billion in 2022.

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The Pet Dietary Supplement Market in 2023 is US$ 4.3 billion, and is expected to reach US$ 7.68 billion by 2031 at a CAGR of 7.5%.

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Dietary Supplements Market Growth, Segmentation, and Forecast Analysis for the period from 2024 to 2033

The dietary supplements market has grown significantly over the past decade, driven by an increasing awareness of health and wellness, a growing aging population, and the rise in lifestyle-related diseases. Dietary supplements, which include vitamins, minerals, proteins, amino acids, botanicals, and other nutritional ingredients, are intended to supplement the diet and provide essential nutrients…

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Vitamins Market is Anticipated to Witness High Growth Owing to Rising Health Consciousness Among Individuals

The vitamins market consists of vitamin supplements in different forms such as capsules, tablets, powders, and gummies. Vitamins are essential micronutrients that support various metabolic functions in the human body. Growing awareness regarding the benefits of vitamins in maintaining overall health and wellness has been driving the demand for vitamin supplements.

The Vitamins Market size is valued at US$ 7.12 Bn in 2024 and is expected to reach US$ 10.84 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Key Takeaways Key players operating in the vitamins market are Adisseo France S.A.S , Archer Daniels Midland Co., BASF SE, CSPC Pharmaceuticals Group Limited, Lonza Group Ltd., North China Pharmaceuticals Corporation, Pharmavite LLC, and Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd., Vitablend Nederland B.V, Farbest Brands. These key players are focusing on new product launches, mergers & acquisitions, and collaborations to expand their global reach. Some major opportunities in the market include rising health expenditures, growing demand for nutraceuticals and functional foods, and expansion in e-commerce. Geographically, North America dominates the global vitamins market. However, Asia Pacific is expected to witness the highest growth owing to growing middle-class population with increased spending on health and wellness products in China and India. Market drivers and restrain One of the major drivers for Vitamins Market Demand is the rising health consciousness among individuals. With growing awareness regarding nutrition and wellness, consumers are increasingly opting for vitamin supplements for maintaining overall health and immunity. This is expected to fuel the demand for vitamins over the forecast period. However, availability of counterfeit products in the market may restrain the growth of the vitamins market. The fake or low-quality vitamin products often contain toxic ingredients that can pose serious health risks. Stringent regulations introduced by governments worldwide to monitor the production and distribution of vitamins is one of the major challenges faced by market players. This leads to increased operating costs and dampens the profit margins. Segment Analysis Vitamin B complex sub segment dominates the vitamins market accounting for over 30% share. This is because vitamin B complex plays a key role in energy metabolism and is utilized in majority of nutritional supplements and functional foods globally. Vitamin B12 and Vitamin B1 sub segments collectively account for over half of vitamin B complex segment revenues. Regional Analysis North America captures around one third of global Vitamins Market Size and Trends revenues. This is attributed to high health and wellness awareness and growing demand for nutritional and dietary supplements in the US and Canada. Asia Pacific represents the fastest growing region in vitamins market during the forecast period owing to rising incomes, growing health awareness and expansion of end use industries such as food and beverages and pharmaceuticals in major countries like China and India. Global Analysis The vitamins market is consolidated in nature with top five players accounting for over 45% revenue share. The market is characterized by rising investments in research and development of advanced delivery systems and fortification of various food products with vitamins and minerals. Emerging economies of Asia Pacific and Middle East and Africa offer lucrative growth opportunities for market participants over the coming years.

Get more insights on Vitamins Market

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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The global dietary supplements market, with a compound annual growth rate of 7.4%, is expected to grow from $167.5 billion in 2023 to $239.4 billion by the end of 2028. 

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https://dailygram.com/blog/1300946/probiotics-dietary-supplements-market-size-overview-share-and-forecast-2031/

Probiotics Dietary Supplements Market Size, Overview, Share and Forecast 2031

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Divit Nutraceuticals Pvt Ltd is a leading provider of high-quality dietary supplements, committed to enhancing health and wellness. Known for its dedication to precision, performance, and purity, the company offers a wide range of scientifically formulated products. These supplements are designed to meet various health needs, from boosting immunity to enhancing athletic performance. Divit Nutraceuticals ensures all products are rigorously tested for quality and safety, using only premium ingredients. With a focus on innovation and customer satisfaction, Divit Nutraceuticals is a trusted name in the nutraceutical industry.

Enquiry

info@divitnutrition.com

+91 99112 77855

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How Increased Consumer Awareness is Boosting the Squalene Market

Introduction to Squalene

Squalene, a naturally occurring compound found in the liver oil of sharks and various plant sources, plays a crucial role in multiple industries. With its unique properties and wide range of applications, the squalene market has seen significant growth over the past decade. This article delves into the intricacies of the squalene market, including its applications, key market players, trends, and future outlook.

Applications of Squalene

Squalene's versatility makes it indispensable across various sectors:

Cosmetics and Personal Care

One of the primary applications of squalene is in the cosmetics and personal care industry. Its emollient properties make it an excellent moisturizer, providing hydration without a greasy feel. Squalene is a common ingredient in:

Facial creams and lotions

Sunscreens

Lip balms

Anti-aging products

The natural origin of squalene appeals to consumers seeking organic and sustainable skincare solutions, further driving its demand.

Pharmaceuticals

In the pharmaceutical industry, squalene is valued for its immune-boosting properties. It is used as an adjuvant in vaccines, enhancing the body's immune response. Additionally, squalene is involved in the synthesis of cholesterol, hormones, and vitamin D, underscoring its importance in medical applications.

Dietary Supplements

Squalene is also popular in the dietary supplements market due to its antioxidant properties. It helps in neutralizing free radicals, thereby protecting cells from damage. Consumers use squalene supplements for:

Improving skin health

Boosting immune function

Enhancing cardiovascular health

Key Market Players

The squalene market is highly competitive, with numerous players striving to establish their dominance. Some of the leading companies in the market include:

Amyris Inc.

Amyris Inc. is a significant player known for its sustainable production methods. They utilize a proprietary technology to produce squalene from sugarcane, providing a plant-based alternative to shark liver oil.

Kishimoto Special Liver Oil Co. Ltd.

This Japanese company specializes in producing high-quality squalene derived from shark liver oil. Their long-standing presence in the market and commitment to quality have made them a trusted supplier.

Sophim

Based in France, Sophim is renowned for its plant-derived squalene. Their focus on sustainable and eco-friendly production practices has garnered a strong customer base, particularly in the cosmetics industry.

Croda International Plc

Croda International is a global leader in specialty chemicals. Their squalene offerings are extensively used in the cosmetics and personal care sectors, thanks to their emphasis on innovation and quality.

Market Trends and Drivers

Several trends and drivers are shaping the squalene market:

Shift Towards Plant-Based Sources

With increasing awareness about sustainability and animal welfare, there is a growing shift towards plant-based squalene sources. Olive oil, amaranth oil, and rice bran oil are becoming popular alternatives to shark liver oil.

Rising Demand for Natural and Organic Products

Consumers are increasingly seeking natural and organic products, propelling the demand for squalene in the cosmetics and personal care industry. Squalene's natural origin and beneficial properties align well with this consumer preference.

Technological Advancements

Advancements in extraction and production technologies are enhancing the efficiency and yield of squalene. Innovations such as biofermentation are enabling large-scale production of high-purity squalene from renewable sources.

Growing Pharmaceutical Applications

The pharmaceutical sector's demand for squalene is rising, driven by its role as a vaccine adjuvant and its potential therapeutic benefits. Research and development activities are further expanding squalene's applications in medicine.

Challenges in the Squalene Market

Despite its growth, the squalene market faces several challenges:

Sustainability Concerns

The extraction of squalene from shark liver oil raises significant sustainability and ethical concerns. Overfishing and the impact on marine ecosystems are critical issues that need addressing. This has led to a push for alternative sources and sustainable production methods.

Regulatory Hurdles

The squalene market is subject to stringent regulations, particularly in the pharmaceutical and cosmetics industries. Compliance with these regulations can be challenging and may impact the market dynamics.

High Production Costs

Producing high-purity squalene, especially from plant sources, can be expensive. The cost of raw materials and the complexity of extraction processes contribute to the overall production costs, potentially limiting market growth.

Future Outlook

The future of the squalene market looks promising, with several factors contributing to its growth:

Innovative Production Techniques

Continued research into innovative production techniques, such as bioengineering and synthetic biology, is expected to reduce production costs and improve sustainability. These advancements will likely make squalene more accessible and affordable.

Expansion into New Applications

The potential for squalene to be used in new applications, particularly in the pharmaceutical and nutraceutical sectors, presents significant growth opportunities. Ongoing research may uncover additional health benefits, further boosting demand.

Increased Consumer Awareness

As consumers become more informed about the benefits of squalene, particularly its natural and sustainable aspects, demand is likely to increase. Marketing efforts focusing on these attributes will play a crucial role in driving market growth.

Conclusion

The squalene market is poised for substantial growth, driven by its diverse applications and the increasing demand for natural and sustainable products. Key market players are focusing on innovative production methods and expanding their product offerings to meet evolving consumer needs. While challenges such as sustainability concerns and regulatory hurdles persist, advancements in technology and increased consumer awareness offer promising prospects for the future of the squalene market.

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Dietary Supplements Market Overview, Top Manufactures, Size, Growth Analysis, and Forecast – 2028

The global dietary supplements market is projected to grow from USD 167.5 billion in 2023 to USD 239.4 billion in 2028, at a CAGR of 7.4% during the forecast period. The growth in the dietary supplement industry is being driven by several key factors, including the aging population, a shift from pharmaceuticals to nutraceuticals, amino acids, and protein supplements, as preventive healthcare becomes a priority. The rise of personalized nutrition is also playing a significant role in this growth. Consumers are increasingly focusing on self-directed care, motivated by trends in personal health, weight management, and overall well-being. The personal care market has undergone significant changes in recent years, with more consumers turning to weight management and protein supplements to manage lifestyle-related disorders. In many regions, inadequate protein intake has led to a growing demand for amino acids and protein supplements. Additionally, unhealthy eating habits and improper lifestyles have prompted a significant number of consumers to seek weight management supplements to address obesity and overweight issues.

Top Dietary Supplements Companies

Key players in this market include Nestle (Switzerland), Abbott (US), Amway Corp (US), Pfizer Inc. (US), ADM (US), International Flavors Fragrance (US), Otsuka Holdings Co., Ltd (Japan), Glanbia PLC (Ireland), GSK PLC. (UK), Bayer AG (Germany), Herbalife International of America, Inc. (US), Nature's Sunshine Products, Inc (US), Bionova (Canada), ArkoPharma (France), American Health (US), Pure Encapsulation (US), HH Group (Hong Kong), Nu Skin (US), Power Gummies (India), Biomedical Research Laboratories (US), HealthKart (India), NutriScience Corporation (US), Nature's Essentials (US), and Life Extension (US).

Dietary Supplements Market Trends

Growing Consumer Awareness and Focus on Health: There has been an increasing awareness among consumers about the importance of maintaining good health and preventing health issues. This awareness has translated into a growing demand for dietary supplements as people seek convenient ways to complement their diets and address specific health concerns.

Preventive Healthcare and Wellness: Many consumers are shifting their focus from treating illnesses to preventing them. This has led to a rise in the consumption of dietary supplements that claim to support overall wellness, boost immunity, and promote longevity.

Plant-Based and Natural Ingredients: There has been a noticeable trend towards plant-based and natural ingredients in dietary supplements. Consumers are seeking products that align with their preferences for clean labels, sustainability, and a perceived connection to nature.

Personalization and Customization: The one-size-fits-all approach is giving way to personalized and customized solutions. Companies are increasingly offering tailored supplements based on individual health needs, genetic factors, and lifestyle choices.

E-commerce and Direct-to-Consumer Sales: The rise of e-commerce has significantly impacted the distribution of dietary supplements. Many consumers prefer the convenience of online shopping, and this trend is expected to continue. Additionally, some brands have adopted direct-to-consumer models, bypassing traditional retail channels.The sports nutrition function segment is projected to grow at the highest rate during the forecast period. Many sports nutrition supplements available today include multivitamins, branched-chain amino acids (leucine), omega-3 fatty acids, glucosamine, glutamine, beta-alanine, beetroot, and green tea extract, each of which provides different performance benefits. In general, all humans require an adequate amount of macro and micronutrients. However, due to extreme exertion athletes need to monitor their food intake. Sports nutrition supplements provide them with all the required nutrients, which is why this category is projected to grow fastly in the dietary supplements market.

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What factors are driving the rapid growth of the sports nutrition function segment in the market?

Many sports nutrition supplements available today include multivitamins, branched-chain amino acids (leucine), omega-3 fatty acids, glucosamine, glutamine, beta-alanine, beetroot, and green tea extract, each of which provides different performance benefits. In general, all humans require an adequate amount of macro and micronutrients. However, due to extreme exertion athletes need to monitor their food intake. Sports nutrition supplements provide them with all the required nutrients, which is why this category is projected to grow Fastly in the dietary supplements market.

North America dominates the dietary supplements market share.

The North American nutrition and supplements market holds the largest share and is projected to grow further. The region's population has become increasingly health-conscious, incorporating dietary supplements into their daily routines to enhance overall health and manage weight. Due to poor dietary habits, such as a preference for junk and processed foods lacking in nutrients, lifestyle-related disorders like diabetes, obesity, and high blood pressure are prevalent. This has driven the demand for supplements. Additionally, the rise in veganism and the shift towards less processed foods have further fueled the use of dietary supplements to address nutritional gaps. South Africa also presents a promising market for dietary supplements, both in production and consumption, as the region faces widespread malnutrition and other nutritional deficiencies. Together, these factors contribute to the growth of the global dietary supplements market.

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Dietary Supplements Market: Key Players' Strategies for Market Dominance

The dietary supplements market has seen tremendous growth over the past few years owing to the rising health consciousness among consumers. Dietary supplements are products meant to supplement the diet. They contain essential nutrients like vitamins, minerals, fatty acids, fibers and amino acids. Dietary supplements provide additional nutrition that may not be consumed through a regular diet. They promote overall health and well-being. Many supplements support hair, skin, bone, heart, brain and digestive health. They are available in capsule, powder, softgel, gel tab and liquid forms for easy ingestion. The Global Dietary Supplements Market is estimated to be valued at US$ 203.43 billion in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031. Key Takeaways

Key players operating in the dietary supplements are Abbott Laboratories, Amway (Nutrilite), DuPont, NBTY Inc., Royal DSM N.V., Glanbia Plc., Bayer AG, GlaxoSmithKline PLC., Herbalife International, and BASF SE. Key players are focusing on new product launches and strategic collaborations to gain a competitive edge in the market. The demand for dietary supplements is growing rapidly owing to increasing health expenditure and disposable income, along with rising chronic disease prevalence globally. Changing lifestyles and busy schedules have encouraged consumers to rely on supplements for daily nutrition. The dietary supplements market is expanding globally owing to rising health awareness in developing regions. Asian and Latin American countries are expected to witness highest growth on account of growing middle class population with greater willingness to spend on health and wellness products. Market Key Trends

One of the key trends in the dietary supplements market is customization. Consumers are looking for customized supplements tailored to their individual needs, preferences, fitness goals and medical conditions. This has prompted supplement brands to offer customized product recommendations and formulations to attract niche consumer segments in the market.

Porter’s Analysis

Threat of new entrants: The dietary supplement market requires a large capital to start production facilities and establish distribution networks. Bargaining power of buyers: Buyers have moderate to high bargaining power as there are many manufacturers of dietary supplements providing substitutable products. Bargaining power of suppliers: The dietary supplement industry has access to a variety of inputs from different suppliers giving them moderate bargaining power. Threat of new substitutes: There is a threat of new substitutes emerging from pharmaceutical or nutraceutical products providing similar health benefits. Competitive rivalry: Being a mature and growing market with a number of large and small players results in high competitive rivalry. Geographical Regions North America currently holds the largest share of the dietary supplements market, valued at around US$ 80 billion in 2024. This is mainly attributed to factors such as increasing health consciousness, growing obesity rates, and promotion of dietary supplements for general well-being by manufacturers in the region. The Asia Pacific region is expected to record the fastest growth during the forecast period. This can be ascribed to rising living standards, growing middle-class population with greater disposable incomes, and shifting lifestyle patterns in densely populated countries such as India and China. Improving distribution networks across developing nations are helping propel the dietary supplements industry expansion in Asia Pacific.

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https://twikkers.nl/blogs/265637/Pet-Dietary-Supplement-Market-Size-Analysis-and-Forecast-2031

The Pet Dietary Supplement Market in 2023 is US$ 4.3 billion, and is expected to reach US$ 7.68 billion by 2031 at a CAGR of 7.5%.