According to a new market research report published by Global Insight Services “Dietary Supplements Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Shifting consumer preferences, rising health awareness, a growing senior population, and the adoption of a balanced diet are all driving the market for dietary supplements. The convergence of important business trends has created new opportunities for key industry participants. One of the key elements fueling the need for dietary supplements is changing lifestyles and food habits. The market for dietary supplements would benefit from the growing positive perspective on sports nutrition.
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Key Players:
- Amway Corp.
- Glanbia PLC
- Abbott
- Bayer AG
- Pfizer Inc.
- Herbalife Nutrition
Key Trends and Drivers:
- As the prevalence of age-related and lifestyle-related disorders rises, consumers are becoming more aware of preventative health care measures and, as a result, are gravitating toward health-beneficial products such as food additives, which is predicted to boost the global market.
- Consumers in all regions are becoming more health-conscious, which is propelling the dietary supplement industry forward. Another significant driver expected to fuel the total market is the aging population of various nations, such as Japan, Italy, Portugal, and Germany.
- Probiotics are a major player in the burgeoning nutritional supplement market, with people of all ages taking them.
- However, millennials consume the most due to a growing knowledge of health and wellbeing through multi-channel advertising, which has a significant impact on their consumption patterns.
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Segmentation:
By Type
- Vitamins
- Minerals
- Botanicals
- Probiotics
- Amino acids
- Enzymes
By Target
- Infant
- Children
- Adult
- Pregnant women
- Elderly
By Application
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Immunity
- Cardiac Health
- Diabetes
- Anti-cancer
- Lungs Detox/Cleanse
- Skin/Hair/Nails
- Sexual Health
- Brain/Mental Health
- Insomnia
- Menopause
- Anti-aging
- Prenatal Health
By Distribution Channel
- Supermarkets
- Pharmacies
- Specialty Stores
- Practitioner
- Online
Reasons to buy Dietary Supplements Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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