Vitamins Segment Reported Foremost Market Stake in 2020. The global dietary supplements market is expected to witness significant growth over the forecast period, accounting for US$ 252,100 Mn by 2025, reflecting a CAGR of 7.4%. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Omega fatty acids are expected to grow at highest CAGR within the forecast time-duration. Request a Free sampleto learn more about this report. These supplements are mainly used in order to add the nutrients in to the diets in order to reduce the risks associated with the various health conditions including osteoporosis, chronic ailment or arthritis. dollars)." By region, dietary supplements market is led by North America due to presence of major manufacturers, high disposable income, and increasing focus on physical appearance. Rising Demand for Personalized Supplements to Augment Although production across various industries in Asia has gradually resumed, the U.S. pharmaceutical and dietary supplement manufacturers, which heavily source directly and indirectly from Asia, are exposed to high risks in supply shortages. Pharmaceutical and dietary supplements supply chains are struggling on a global scale to keep pace with the rapid spread of the COVID-19 virus. U.S. online dietary supplement market was valued at USD 7.7 Billion in the year 2017 and is expected to grow over the forecast period, driven primarily by growing application sectors such as sports and medicine. The global dietary supplements market size is estimated at nearly USD 211.38 billion by 2026. The North America dietary supplements market size was estimated at USD 37.37 billion in 2016. Thus, the nutraceuticals industry is seeing a huge demand for protein, pediatric nutrition, multivitamins, and other products that would reduc… ", Statista, Total U.S. dietary supplements market size from 2016 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/828481/total-dietary-supplements-market-size-in-the-us/ (last visited May 22, 2021), Total U.S. dietary supplements market size from 2016 to 2024. As soon as this statistic is updated, you will immediately be notified via e-mail. The global dietary supplements market size was valued at US$ 141.2 billion in 2020 and expected to hit US$ 279.2 billion by 2030, with a CAGR of 8.4% during the estimate period 2021 to 2030. The dietary supplements market continues to grow at a rapid pace as a result of increasing consumer awareness of a good diet for healthy living. b. What are the factors driving the dietary supplements market? and over 1 Mio. The market here is projected to grow at a CAGR of … Increasing number of gyms in developing regions. The Globe Newswire reported the Global Dietary Supplements Market was worth 124.8 Billion in United States Dollars (USD) in 2018 with North America holding the largest share.. Globe Newswire further reported the Dietary Supplements Market Size … The global dietary supplements market is likely to expand at a CAGR of more than 7.9% from 2019 to 2026. IBISWorld's statistic shows that as of 2021 the market size of the Vitamin & Supplement Manufacturing industry is $36.6bn an increase of -1.43% from 2020. Precedence Research says, the global dietary supplements market size is expected to be worth around USD 279.2 billion by 2030. The aging population of some countries, such as Japan, Italy, Portugal, and Germany, is another key factor that is projected to drive the overall market. In North America, the increase in sales of dietary supplements is mainly due to the hectic routines and stress level of the consumers, which has led to a rise in lifestyle diseases such as obesity, blood pressure, and diabetes. What is the dietary supplements market growth? Crucial factors accountable for market growth are: Dietary supplements comprise such ingredients as minerals, vitamins, amino acids, enzymes, and herbs. Request a Free sampleto learn more about this report. A paid subscription is required for full access. Additionally, increasing number of sport events worldwide is leading to increased demand for the dietary supplements which is intern fuelling growth of the dietary supplements marker worldwide. Moreover, factors such as easy availability and low cost augment the demand for vitamins. Which segment was accounted for the largest dietary supplements market share? Precedence Research, Dietary Supplements Market (By Type: Vitamins, Minerals, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Botanicals, Proteins & Amino Acids, and Others; By Form: Capsules, Tablets, Gummies, Soft gels, Liquids, Powders, and Others; By Application: General Health, Energy & Weight Management, Gastrointestinal Health, Diabetes, Bone & Joint Health, Immunity, Cardiac Health, Anti-cancer, and Others; By End User) - Global Industry Analysis, Size, Share, Growth, Forecast 2021 - 2030. Factors such as increasing focus on weight loss and physical appearance augment the requirement for weight management dietary supplements. Moreover, growing popularity of social media platforms and online weight loss programs are expected to retain the high market share of weigh management segment in the near future. The global dietary supplements market is projected to be US$ 132.6 Mn in 2019 to reach US$ 277.8 Mn by 2029 at a CAGR of 7.7%. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In the United States, the dietary supplement industry’s overall economic impact in 2016 is $122 billion and it continues to grow. Their acceptance has augmented rapidly in the earlier few years. By 2024 the value of the U.S. dietary supplement market is expected to reach 56.7 billion U.S. … Dietary supplements such as protein shakes, multivitamins and multi-minerals, omega fatty acids, fibers, complex carbohydrates are extremely popular in the health-conscious adult population all over the world. Dietary supplements are substances that add nutrients in the diet and helps in lowering risk of health problems such as osteoporosis, arthritis, etc. 5 min read The "Dietary Supplements Market Size, Share & Trends Analysis Report, 2021-2028" report has been added to ResearchAndMarkets.com's offering. Consumers across regions have become more health-conscious, which is driving the growth of the dietary supplements market. Moreover, growth in the numbers of gymnasiums is having positive impact on the growth of global industry. [120 Pages] The dietary supplements market was estimated to be valued around US$ 150 billion in terms of revenue in 2018. Vitamins is the largest segment, by product category which is projected to grow at a CAGR of 8.37% during the forecast period from 2017-2023. Detailed segmentation of international and local products. Dollars). As a Premium user you get access to background information and details about the release of this statistic. Total U.S. dietary supplements market size from 2016 to 2024 (in billion U.S. dollars) [Graph]. Chart. You need at least a Single Account to use this feature. Dietary supplements market in North America was the largest with a share of 2% in 2018. The disruption in supply chain due to the COVID-19 pandemic has caused a slump in the availability of dietary supplement supplies across the globe. The Global Dietary Supplements Market size is expected to grow from USD 81,91 Billion in 2019 to USD 119.16 Billion by 2025, at a CAGR of 6.44%. Learn more about how Statista can support your business. 16 September 2020 Jae Haroldsen With the dietary supplement market flourishing, it is a great time to invest in your supplement brand. Rising health awareness among the individuals across the globe along with, growing focus on the dietary habits due to changing lifestyle are among major factors boosting growth of the global industry. Dietary supplements refer to the products which comprises dietary ingredients that helps in the better ingestion. North America is Estimated to be the Largest Market for Dietary Supplements. Precedence offers custom market research services that help clients to get information on their business scenario required. Register in seconds and access exclusive features. A dietary supplement is a made item expected to supplement the eating routine when taken by mouth as a pill, container, tablet, or fluid. Substances such as vitamins, amino acids, herbs, minerals fall under the group of dietary supplements as these are used to supplement the diet. Dietary Supplements Market Size, Report 2021 To 2030, Growing awareness regarding health and well-being, Increasing prevalence of lifestyle and diet related disorders. The disruptive effects of the novel coronavirus pandemic have placed an enormous strain on the global supply of dietary supplement products, thus increasing the risk of shortages. What is the dietary supplements market growth rate ? Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this dietary supplements market is set to reach US$ 220.3 billion by the end of the forecast period. Quick Analysis with our professional Research Service: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Address: Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada, © Copyright 2021, All rights reserved. The ideal entry-level account for individual users. You need a Single Account for unlimited access. Directly accessible data for 170 industries from 50 countries In, Statista. Crucial factors accountable for market growth are: "Total U.S. dietary supplements market size from 2016 to 2024 (in billion U.S. Five year forecasts of market trends and market growth. In 2020, North America dominated the global market with a market share of more than 30%. April 18, 2018. What is the market size of the Vitamin & Supplement Manufacturing industry in the US? Accessed May 22, 2021. https://www.statista.com/statistics/828481/total-dietary-supplements-market-size-in-the-us/, Statista. These supplements are predominantly consumed in the form of tablets due to ease of storage and consumption. The Vitamins in USA market research report includes: Analysis of key supply-side and demand trends. Please authenticate by going to "My account" → "Administration". The vitamins segment displayed a major share in the worldwide dietary supplements market in 2020. Statista. According to official dietary supplement facts, guidelines clearly state that every supplement … Multivitamins are the most frequently used dietary supplements worldwide. Who are the key players in dietary supplements market? You only have access to basic statistics. (April 18, 2018). Many studies have suggested that multivitamins can enhance health, reimburse for unhealthy eating ways, and also lessen risk of developing chronic ailments. Dietary Supplements Market Size By Target Customer(Infant, Children, Adult, Pregnant women, Elderly), By Function (Additional supplements, Medicinal supplements, Sports nutrition), By Mode of Application (Tablets, Capsules, Soft gels, Gel caps, Liquid, Powder), By Type (Vitamins, Minerals, Botanicals, Probiotics, Amino acids, Enzymes, Other types) By Region (North America… Robust and transparent market research methodology, conducted in-country. Leading competitors contending in global dietary supplements market are as follows: In order to well recognize the present status of dietary supplements, and policies implemented by the foremost nations, Precedence Research projected the future progress of the dietary supplements market. Adults Dominated the Dietary Supplements Market Revenue by End User. The comprehensive research account covers substantial projections and inclinations of dietary supplements throughout chief regions encompassing Africa, Asia Pacific, Europe, Latin America, North America, Middle East, and.

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