Dietary Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Dietary Supplements Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : March, 2023 | Food and Beverages

Report Digest

Global Dietary Supplements Market: Overview

Changing lifestyles and swift urbanization are the major drivers for the use of dietary supplements. The demand for such products is projected to increase due to growing awareness on importance of health and weight management among worldwide millennial population. This opens the doors for growth of the global dietary supplements market during the upcoming period.

Based on forms, the global dietary supplements market is classified into soft gels, tablets, capsules, gummies, liquids, powders, and others. At the same time, prescribed and OTC are the major distribution channel of this market. Based on end users, it is bifurcated into geriatric, adults, children, pregnant women, and infants.

Global Dietary Supplements Market: Growth Dynamics

There is significant growth in health issues such as cardiovascular diseases, arthritis, and diabetes in worldwide population. Soaring instances of chronic diseases is pushing majority of people to take initiatives for preventive measures. Use of dietary supplements is one of such preventive measure that helps in maintaining healthy lifestyle, thereby avoiding disease conditions. This growing health awareness along with changing mindset towards dietary supplements is driving the demand for these products.

Huge increase in worldwide geriatric population is another driving factor making a way for the entry of new companies to fulfill the growing need of dietary supplements during upcoming period. Moreover, increase in use of these products in pregnant women to achieve nutritional enrichment is boosting the global dietary supplements market. Similarly, there is uptick in the demand of these products due to increased use in people with health issues related digestive system.

Improved overall disposable incomes in the emerging economies has pushed major population from these regions to opt for various dietary supplements to maintain their health. This scenario has paved a way for phenomenal growth of this market. Besides, these products are more popular in people involved in sports activities. With the growing number of global sports activities, players participating in these sports have focused on improving their physical strength. This has boosted the dietary supplements market.

Global Dietary Supplements Market: Notable Developments and Competitive Landscape

Major players are making strategic moves such as product launches to strengthen their position in the global dietary supplements market. A case in point here is the latest product launch by Herbalife Nutrition. The recently launched product named Beta Heart by the firm helps in reducing risk factors that lead to coronary heart diseases. At the same time, the product supports in improving the cardiovascular health of an individual.

Presence of plentiful number of companies in the dietary supplements market makes its competitive landscape intense. The list of important players in this market includes:

  • Herbalife International
  • Abbott Laboratories
  • Amway
  • Bayer
  • Arkopharma Laboratoires Pharmaceutiques
  • Pfizer
  • Glanbia
  • Archer Daniels Midland
  • NBTY Inc.
  • Nature’s Sunshine Forms

Global Dietary Supplements Market: Regional Assessment

The dietary supplementary market holds stupendous development avenues in the developed regions such as North America. Growing awareness about the importance of active lifestyle in this region is expected to encourage more and more people to participate in sports activities. This rising trend is projected to drive the demand for dietary supplements in the region. Moreover, the growing knowledge about the intake of protein in regular diet is expected to push the demand.

This aside, Asia Pacific is one of the prominent regions with strong growth potential for dietary supplements market. Growing awareness about healthy diets and increasing regulatory support is helping to companies engaged in this market to expand their footprints in the emerging economies. Other key regions contributing to the growth of the dietary supplementary market are Europe, Central and South America, and the Middle East and Africa.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?