Summary:
The global Nutritional And Dietary Supplements Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
There are various types of nutritional supplements, including vitamins, minerals, amino acids, herbs, meal supplements, sports nutrition products, and natural food supplements. As supplements are not regulated the same way as standard medications, their quality, efficacy, and effect on the body may vary widely. The dietary supplement vitamin C is often prescribed for wound healing, however, it is also available naturally in food sources. Oranges, grapefruits, papayas, pineapples, broccoli, and peppers are all rich sources of vitamin C. People with joint pain often take vitamin C supplements, however, they haven't shown any significant results. Nevertheless, they may help moderate to severe pain. It's important to know that dietary supplements are not substitutes for a balanced diet.
Market Drivers:
Increasing prevalence of chronic diseases and the growing geriatric population is expected to propel the growth of the global nutritional and dietary supplements market over the forecast period. According to the American Diabetes Association (ADA), in 2019, diabetes affected 37.3 million people in the U.S, and 1. Million had type 1 diabetes including nearly 244,000 children and youngsters.
Moreover, the shift in consumer preferences due to the growing focus on health and prevention as well as the rising healthcare burden, owing to chronic ailments is also expected to propel the growth of the global nutritional and dietary supplements market over the forecast period.
Market Restraints:
High cost of dietary supplements and research and development, as well as clinical trials, is expected to hinder the growth of the global nutritional and dietary supplements market over the forecast period.
Regional Insights:
North America is expected to witness significant growth in the global nutritional and dietary supplements market over the forecast period. This is due to an increase in the use of products with high nutritional value and low content of calories, and rising awareness regarding the consumption of supplement products.
Asia Pacific is also likely to witness substantial growth in the global nutritional and dietary supplements market over the forecast period due to the rising consumer base in countries such as China, India, South Korea, and others, moreover, growing expenditure on healthcare products in the region.
Key Players:
Major players functioning in the global nutritional and dietary supplements market are NSF, Pfizer Pharmaceuticals, The Himalaya Drug Company, Amway Corporation, DSM, Abbott Laboratories, Yakult, Herbalife International, Glanbia, ADM, BASF, BASF, Bayer HealthCare, Nestle, Danone, DuPont, Carlyle Group, and GlaxoSmithKline.
In March 2022, Pro Nutrition & Fitness launched a new tablet-based supplement line for increasing energy and midnight fat burner for both men and women.
The Nutritional And Dietary Supplements Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Nutritional And Dietary Supplements Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Pfizer Pharmaceuticals
- Amway Corporation
- Abbott Laboratories
- Herbalife International
- ADM
- Nestle
- DuPont
- GlaxoSmithKline
- Carlyle Group
- Danone
- Bayer HealthCare
- BASF
- Glanbia
- Yakult
- DSM
- The Himalaya Drug Company
- NSF
By the Product Type, the market is primarily segmented into:
- Botanicals
- Vitamins
- Minerals
- Amino Acids
- Probiotic
- Other
By Applications, the market is segmented into:
- Food & Beverages
- Health Care Products
- Other
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Nutritional And Dietary Supplements Market Report:
- To assess the size of the market by value and volume
- Analyze the Nutritional And Dietary Supplements Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Nutritional And Dietary Supplements Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Nutritional And Dietary Supplements Market
The Nutritional And Dietary Supplements Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Nutritional And Dietary Supplements Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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