#Dietary Supplements Market Share

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The market for dietary supplements is estimated at USD 179.53 billion in 2024; it is projected to grow at a CAGR of 7.6% to reach USD 258.75 billion by 2029.

[supriyab]

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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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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Essential Insights: Navigating the Nutritional Supplements Market

Embark on a journey through the Nutritional and Dietary Supplements Market with essential insights. Navigate the landscape, unraveling the size, share, and dynamic trends of the dietary supplements market. Explore the market's intricacies to gain a comprehensive understanding of its size and influence.

[marketwire]

Dietary Supplements Market size is estimated to reach $239.2 billion by 2027, growing at a CAGR of 8.5% during the forecast period 2022-2027. A dietary supplement is a concentrated supply of important nutrients that are taken from food or produced chemically.

[expertmarketresearchreport]

Saudi Arabia Dietary Supplements Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2024-2032

The Saudi Arabia dietary supplements market size was valued at USD 289.8 million in 2023, driven by increasing prevalence lifestyle disorders due to urbanisation and sedentary lifestyle across the globe. The market size is anticipated to grow at a CAGR of 9.6% during the forecast period of 2024-2032 to achieve a value of USD 658.9  million by 2032. Saudi Arabia Dietary Supplements Market: Competitor Landscape

 Bayer Saudi Arabia, LLC • Procter & Gamble Company (Abudawood Group) • Abbott Saudi Arabia Trading LLC • Pfizer Saudi Limited • Nestlé S.A. (Al Muhaidib Group) • Applied Nutrition Ltd. (AmCan International Group, Inc) Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/saudi-arabia-dietary-supplements-market

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https://carbonfacesocial.org/blogs/53015/Nutrition-or-Dietary-Supplements-Market-Share-Overview-Competitive-Analysis-and

The Nutrition or Dietary Supplements Market in 2023 is US$ 179.01 billion, and is expected to reach US$ 362.49 billion by 2031 at a CAGR of 9.20%.

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Nutraceutical Ingredients Market - Forecast (2023 - 2028)

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Dietary Supplements Market Segmentation: A Comprehensive Analysis

The dietary supplements market is estimated at USD 179.53 billion in 2024; it is projected to grow at a CAGR of 7.6% to reach USD 258.75 billion by 2029. Dietary supplements are widely available through e-commerce and digital sites that enable consumers to review products, read reviews, and purchase from the comfort of their homes. Online shopping becomes a push factor in market expansion, especially in countries with poor retail infrastructure, thus resulting in convenient lifestyles.

Another significant market driver is innovation in supplement formulations. Companies are keen to produce customized and niche supplements for specific conditions, such as heart health, digestive health, immunity, and even skin and beauty. It creates highly selective consumers who are asking for quality, natural, and sustainable products. Among these, the demand for plant-based, vegan, and organic supplements is especially rising due to the growing trend of clean living and sustainability.

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Based on Target consumers, the elderly segment is projected to be the fastest growing segment in the market.

The elderly segment is expected to be the fastest growing in the dietary supplements market due to the increasing aging of the global population and their concern for remaining healthy throughout the process. With a longer lifespan and healthier lifestyle, people are facing disorders related to aging and are rapidly looking for supplements that can provide solutions to these conditions, such as bone density, cognitive function, joint health, and cardiovascular health. This segment specifically focuses on maintaining independence, chronic conditions management, and enhancing the quality of life in later years, which leads to a growing dependency on dietary supplements.

Factors driving this segment are the increased occurrence of age-related health issues. For example, osteoporosis, arthritis, and heart disease start occurring as people grow older. Supplements such as calcium, vitamin D, and glucosamine are currently popular among older adults who are actively on the lookout for ways of hardening bones and joints, enhancing mobility, and reducing inflammation. Calcium and vitamin D are most popular for bone health as older adults have the highest risk of fractures and osteoporosis due to declining bone density.

The online distribution channel segment in the dietary supplements market is projected to have a significant share.

The growing shifting trend toward online shopping is driven by this growing consumer preference for convenience, accessibility, and the ability to make an informed decision while purchasing from the comfort of their homes. Due to this, an increasing number of consumers are purchasing dietary supplements online using specialty e-commerce sites, health-oriented stores, and large online stores like Amazon, Walmart, and eBay.

The most significant reason for the development of the online channel of distribution is the huge variety of products in dietary supplements. Consumers no longer need to go about town in search of different brands or supplements that may not even be in that locality. Online stores have the convenience of online browsing various categories, comparing different prices, and reading online product reviews or detailed information on the ingredients contained in them. This much transparency and information assure consumers to buy supplements on the Internet.

Moreover, subscription services and auto-replenishment options, which are widely available from many online retailers, make it easier for consumers to continue their supplementation programs. These services provide a seamless experience as they automatically bring supplements to customers at regular intervals, so they never run out of essential products. The benefit of being able to subscribe to things such as multivitamins, protein powders, or omega-3 capsules is appealing to so many different customers, especially people with busy lives who want to make sure that they never run out of these health supplements, without having to reorder each time.

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Asia Pacific is the fastest growing region in the dietary supplements market.

The major contributing factor for Asia Pacific growth is the increasing localization of product offerings tailored to the unique health needs and cultural preferences of diverse populations within the region. For instance, traditional herbal supplements and ingredients such as ashwagandha, turmeric, and ginseng, long valued in Asian cultures for their health benefits, are being integrated into modern supplement formulations. This combination of tradition and innovation appeals to consumers seeking scientifically backed solutions with cultural relevance.

Additionally, the rise of e-commerce platforms in Asia Pacific has been transformative for the dietary supplements market. Countries like China, India, and Indonesia have witnessed a surge in online sales of supplements, facilitated by increased internet penetration and mobile shopping convenience. The immense development in e-commerce and digital platforms has also swept away the old insularity in China's dietary supplement markets. The availability of purchasing products and the wide reach of digital marketing conveniently enable people to access a series of supplements adopted to particular health needs. In September 2019, Herbalife Nutrition (US) took advantage of this trend by partnering with Tencent, China's largest internet technology company. Such partnership is aimed at empowering the independent distributors of Herbalife in improving their online sales competencies. Herbalife Nutrition China, after having integrated Tencent's technology, can connect online and offline services to make interactions between distributors and consumers more effective in their transactions, thus stimulating business growth.

[supriyab]

Dietary Supplements Market Outlook, Trend Analysis, Current Growth, Future Scope, and Global Forecast 2023-2028

The dietary supplements industry is projected to reach USD 239.4 billion by 2028 from USD 167.5 billion by 2023, at a CAGR of 7.4% during the forecast period in terms of value. The demand for dietary supplements is driven by increasing consumer awareness of health and wellness, preventive healthcare, the aging population, and rising chronic diseases. The convenience of online purchasing and product availability further fuel market growth. For instance, in the United States, dietary supplement consumption is high due to a health-conscious population, a proactive approach to wellness, and a robust regulatory framework ensuring safety and quality standards.

Emerging trends in the global Dietary Supplements Market are:

Plant-Based Supplements

Personalized Nutrition

Clean Label and Transparency

Immune Health

Beauty Supplements

Digital Marketing and E-Commerce

CBD and Hemp-Based Supplements

Sports Nutrition and Performance

Regulatory Compliance and Quality Assurance

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The sports nutrition function segment is projected to grow at the highest rate during the forecast period.

Many sports nutrition supplements on the market today contain a variety of beneficial ingredients such as multivitamins, branched-chain amino acids (like leucine), omega-3 fatty acids, glucosamine, glutamine, beta-alanine, beetroot, and green tea extract. Each of these components offers distinct performance advantages. While everyone needs a sufficient intake of macro and micronutrients, athletes must pay particular attention to their diets due to the intense physical demands they face. Sports nutrition supplements help fulfill these nutritional requirements, contributing to the rapid growth of this segment in the dietary supplements market.

Based on Mode of Application, Soft gel segments is projected to grow at the fastest rate during the forecast period.

Soft gels are increasingly popular in the dietary supplements market due to their ease of consumption, particularly for individuals with swallowing difficulties. Their gel-like texture and smooth, easy-to-swallow nature make them a favored option. Additionally, soft gels enhance bioavailability through advanced formulations that improve nutrient absorption. They can be tailored to include a wide variety of ingredients, offering flexibility for specialized products. Their visually appealing, professional appearance, and ability to mask unpleasant tastes and odors further contribute to their popularity. Moreover, the gelatin-based shell of soft gels helps extend the shelf life of the enclosed ingredients. These factors collectively drive the growth of soft gels in the dietary supplements market.

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The elderly age group hold a significant share in the dietary supplements market by target consumer during the forecast period

As the population ages, there is a growing need to address the specific nutritional requirements of older adults. Aging individuals often need extra support to combat nutritional deficiencies and age-related health issues. Dietary supplements offer a convenient and targeted way to meet these needs, providing essential vitamins, minerals, and nutrients. The elderly population commonly seeks supplements to support joint health, cognitive function, cardiovascular health, bone strength, and immune system performance. In response, manufacturers are creating specialized formulations to meet the unique demands of older adults. Consequently, the dietary supplements market is projected to see substantial growth in this segment.

Top Companies in the Dietary Supplements Market

Nestle (Switzerland)

Abbott (US)

Amway Corp (US)

Pfizer Inc. (US)

ADM (US)

International Flavors & Fragrance (US)

Otsuka Holdings Co., Ltd (Tokyo)

Glanbia PLC (Ireland)

GSK PLC (UK)

[businesspointnews]

Liquid Dietary Supplements Market Share, Size, Trends, Demand, Opportunities and Statistics 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Liquid Dietary Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global liquid dietary supplements market share, size, trends, and growth forecasts. The report also includes competitor and…

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Europe Dietary Supplements Market Segment Analysis By Ingredient, Form, Application, End User, Type, Distribution Channel, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 31 July 2023: The Report Europe Dietary Supplements Market Size, Share & Trends Analysis Report By Ingredient (Vitamins, Minerals), By Type (OTC, Prescribed), By End-user, By Form, By Application, By Distribution Channel And Segment Forecasts, 2023 – 2030 The Europe dietary supplements market is anticipated to reach USD 65.44 billion by 2030, growing at a CAGR of 7.0% from 2023 to…

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Worldwide Wellness: The Probiotics Market Adventure

Embark on a global wellness journey with insights into the booming Global Probiotics Market. Uncover the Nutritional and Dietary Supplements Market trends, sizes, and shares in the , shaping a healthier future.

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Whey Protein Market is Anticipated to Reach US$11.2 Bn by 2030 From US$5.3 Bn 2021

“Global whey protein market is on the brink of remarkable growth, with a current valuation of nearly US$5.3 Bn in 2021, projected to skyrocket to US$11.2 Bn by the end of 2030. Boasting a steady growth outlook, the market is set to experience a notable CAGR of 8.6% during 2022 - 2030, signalling a promising future ahead.”

 A global rise in the number of healthcare centres and fitness centre establishments are enabling a coalition of sports and nutrition. Consequently, whey, and casein have become essential dairy proteins in sports nutrition products. Such trends across the sports and nutrition space are carving the dimensions of the global whey protein market. Pervasive hard-core fitness regimes, and strict diet plans among sports individuals are aligning with the need for protein-based nutrition and convenience products. 

Comprising essential amino acids that cannot be produced by the human body itself, whey protein has been instrumental in building and repairing muscle tissue whilst maintaining the overall health of individuals. Serving as a protein supplement, intake of whey protein significantly brings down cholesterol levels and promotes muscle protein synthesis, weight loss, and lean muscle mass growth. These and more such perceived benefits drive the growth of whey protein market space. 

For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/whey-protein-market

 Innovative Sports Nutrition Products Drive Market Growth 

The athletics industry is making remarkable contributions to the global whey protein market valuation. In response to the rising demand for sports nutrition products, manufacturers in the domain are now prioritising the development of innovative whey protein products that can meet the diverse needs and preferences of consumers seeking different types of benefits. Various shoppers are attracted to protein-rich products, clearly due to diverse health benefits aiding muscle formation and recovery process.

Similarly, whey protein also tends to facilitate reduction of appetite, and retards age-related loss of muscles. Addressing these trends, manufacturers, including Axiom Foods, Inc, A&B Ingredients, Ingredion Incorporated, Roquette Frères, Puris, Emsland Group, DuPont, Glanbia plc, Scoular Company, and Fenchem, are highly ambitious to deliver products enriched with vital dairy proteins and essential and nonessential amino acids.   

Market Benefits from Growing Consumer Interest in Healthier Whey Snacks 

Past years have been decisive in spurring shifts in food consumption and increased demand for whey protein. A proactive dietary approach undertaken by well-informed consumers has been imperative to realising holistic health goals. Nonetheless, a perfect blend of taste, texture, and health is at the core of consumer diet plans.

 Intake of whey powder can enhance the working of the immune system, promote gut health and maintain overall health. It is in strong concurrence with the fact that whey snacks have become popular among health-driven individuals. To this end, dry whey protein has garnered 90% of overall demand, whereas 40% of the whey protein market share remains in favor of whey protein concentrates.   

Asia Pacific Turns Lucrative with Consistent Growth in Demand

 North America’s lead in the global whey protein market prevails with more than 30% share in overall valuation. The market here will continue to enjoy the first-mover’s advantage throughout the period of projection, states the report. Europe is the second leading market presenting ample opportunity to whey protein manufacturers. 

Asia Pacific is also reportedly generating robust demand and consistent product launches for nutraceuticals, precipitating substantial growth opportunities for the regional market. Several health-related ailments, including IBD and obesity, have cropped up due to changing lifestyles, busier schedules, and unhealthy habits among consumers. Amid growing health concerns, a propensity to consume healthy food and adopt healthier lifestyles has scaled at pace. Moreover, soaring demand from medical, sports, and personal care industries is strengthening China’s, and India’s stand in the global market.

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