How is the Dietary Supplements segment contributing towards market expansion?

Dietary Supplements Industry Overview

The global dietary supplements market size was valued at USD 151.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030. Increasing consumer awareness toward personal health and wellbeing is expected to be a key driving factor for dietary supplements over the forecast period.  The working population around the globe is struggling to fulfill the dairy nutrient requirements owing to hectic work schedules and changing lifestyles. Increasing dependence on the supplements to fulfill the nutrient requirement owing to their high convenience is expected to drive the market over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Dietary Supplements Market

The U.S. emerged as a leading market for dietary supplements in the North American region owing to the higher spending capacity of the consumers. Increasing spending on healthcare products, the rising geriatric population, rising interest in preventive healthcare, and growing interest in attaining wellness through diet are expected to augment market growth over the forecast period. A growing number of fitness centers, health clubs, and gymnasiums coupled with growing awareness about fitness among the youngsters is expected to increase the demand for energy and weight management. Increasing acceptance of sports as a career is expected to increase the demand for sports nutrition which in turn benefits the market for dietary supplements.

Research and development are the key success factor for dietary supplements which requires heavy investments. Also, stringent regulations regarding the health benefits claim and labeling of the products are expected to create challenges for the dietary supplements over the forecast period. The unprecedented outbreak of the COVID-19 pandemic has largely affected North America and European countries such as the U.S, Italy, Spain, the U.K., France, and Germany. The dietary supplement industry is largely concentrated in these regions which in turn benefitted from the situation as the market witnessed a surge in demand for immunity-boosting supplements.

Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.

Weight Management Market - The global weight management market size was valued at USD 132.7 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% over the forecast period. As per the article published by Narayana Health, India reported about 14.4 million cases of obesity in children, which is the second-highest number of obese children in the world.

Sports Nutrition Market – The global sports nutrition market size was valued at USD 40.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030. Nutrition and diet are essential for maximum performance. According to an article published in the New England Journal of Medicine, approximately 50% of the U.S. population is estimated to have obesity by 2030.

Dietary Supplements Market Segmentation

Grand View Research has segmented the global dietary supplements market on the basis of ingredient, form, application, end-user, type, distribution channel, and region:

Dietary Supplements Ingredient Outlook (Revenue, USD Million, 2017 - 2030)

  • Vitamins
  • Botanicals
  • Minerals
  • Proteins & Amino Acids
  • Fibers & Specialty Carbohydrates
  • Omega Fatty Acids
  • Others

Dietary Supplements Form Outlook (Revenue, USD Million, 2017 - 2030)

  • Tablets
  • Capsules
  • Soft gels
  • Powders
  • Gummies
  • Liquids
  • Others

Dietary Supplements Application Outlook (Revenue, USD Million, 2017 - 2030)

  • 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
  • Others

Dietary Supplements End-user Outlook (Revenue, USD Million, 2017 - 2030)

  • Adults
  • Geriatric
  • Pregnant Women
  • Children
  • Infants

Dietary Supplements Type Outlook (Revenue, USD Million, 2017 - 2030)

  • OTC
  • Prescribed

Dietary Supplements Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

  • Offline

o   Hypermarkets/Supermarket

o   Pharmacies

o   Specialty Stores

o   Practioner

o   Others

       Online

Dietary Supplements Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

o   U.S.

o   Canada

o   Mexico

        Europe

o   Germany

o   France

o   Italy

o   U.K.

o   Spain

       Asia Pacific

o   China

o   Japan

o   Australia & New Zealand

o   India

       Central & South America

o   Brazil

o   Peru

o   Chile

       Middle East & Africa

o   South Africa

o   Saudi Arabia

Market Share Insights

April 2019 - Ayanda received a patent for a soft gel capsule in Europe that can contain active probiotic bacteria. Before the invention, the application of gels to carry probiotic bacteria was difficult as the production of gels requires high temperatures which did not allow bacteria to survive.

January 2020 - Herbalife Nutrition introduced a new product Beta heart. The product is specifically designed to maintain colosterol level in the blood. A vanilla flavored product, Beta heart is available in a 15 grams sachet.

Key Companies profiled:

Some prominent players in the global Dietary Supplements market include.

  • Amway Corp.
  • Glanbia PLC
  • Abbott
  • Bayer AG
  • Pfizer Inc.
  • ADM
  • Nu Skin Enterprises, Inc.
  • GlaxoSmithKline plc
  • Bionova
  • Ayanda
  • Arkopharma
  • Herbalife International of America, Inc.
  • Nature’s Sunshine Products, Inc.

Order a free sample PDF of the Dietary Supplements Market Intelligence Study, published by Grand View Research.

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