Dietary Supplements Market Trend | COVID-19 Pandemic Impact, Share and Forecast to 2025
Market Insight
Global Dietary Supplements Market in the age of personalized nutrition has compiled by reputed analysts who have sourced the raw data from multiple sources and verified it at trustworthy databases. Personalized nutrition is an upcoming trend in health and fitness due to genes reacting differently to different foods
Changing food habits and hectic lifestyles are major drivers touted to drive the global dietary supplements market during the forecast period. Massive leaps in food technologies as well as taste, aroma, color, and smell are likely to attract customers in procuring the products. In addition, launch of various gyms and celebrities advocating supplements to create awareness among the masses can augur well for the market.
Improved drug delivery and emphasis on individual customer treatment remains the focal point of major healthcare supplements manufacturers. Rise in funding for research and development, government support for nutrition, and the large healthcare expenditure for the welfare of consumers are other factors which can collectively drive market demand. Rise in cases of chronic diseases and sedentary lifestyle are other factors which can influence the market growth.
Competitive Landscape
Major players operational in the Global Dietary Supplements Market Trend are Abbott Laboratories, Danisco, Natures Product Inc., Bayer AG, Herbalife International, Bactolac Pharmaceutical Inc., Amway (Nutrilite), Carlyle Group, Danone Nutricia, Nestlé Health Science, GlaxoSmithKline plc, Glanbia, Balchem Corporation, Archer Daniels Midland, Pfizer Inc., and others. These companies are deemed to follow mergers, acquisitions, and other methods to get a hang of the market.
Segmentation
Global Dietary Supplements Market Report for categorizes the data into segments of product category, dosage form, gender, application, and end-user.
By product category, the dietary supplements market comprises sports supplements, meal supplements, vitamins, minerals, herbs & botanicals, and others. Vitamins are the largest segment due to their high intake for health and well-being. The segment can exhibit a CAGR of 7.37% during the forecast period.
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By dosage form, the dietary supplements market in the age of personalized nutrition would include capsules, tablets, liquid, powder, and others. The tablet segment has a better chance of growth during the forecast period. It had close to 27.7% market share in 2016.
By gender, the market for dietary supplements market is segmented into female and male. Both the segments are further divided by age groups, namely 0-18 group, 19-34 group, 35-54 group, and 55+ group. The female segment is predicted to display a CAGR of 7.39% over the assessment period due to women requiring vitamins and other nutritional supplements for sustaining their immunity levels.
By application, it is segmented into genetic predispositions, inherited diseases, lifestyle diseases, and others.
By end-user, it is segmented into home care, hospitals & clinics, and others.
Regional Analysis
The Middle East & Africa (MEA), Americas, Europe, and Asia Pacific (APAC) are regions considered during the compilation of the global dietary supplments in the age of personalized nutrition market report. Macro and micro economic factors are outlined in detail with respect to the players as well as economic ups and downs.
The Americas is expected to attain a massive tailwind due to consumption of dietary supplements and weight management programs. Rise in sports nutrition can drive the regional market growth. In the APAC region, the global dietary supplements market in the age of personalized nutrition is projected to thrive due to changing dietary patterns of consumers and robust growth of developing economies.
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