The latest report, titled ‘Global Vitamins and Supplements Market,’ comprises a profound analysis of the fundamental parameters contributing to the global Vitamins and Supplements Market scenario. The research report provides the reader with an in-depth interpretation of the Vitamins and Supplements Market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Vitamins and Supplements market industry.
The vitamins and supplements market size reached USD 108.4 Billion in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period. Shift in consumer preferences due to increasing focus on health and prevention and rising prevalence of chronic diseases are some key factors projected to support market revenue growth between 2022 and 2030.
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In addition, increasing awareness among consumers regarding their health is another factor driving revenue growth of the market. Different types of products are increasingly being used for vitamins and supplements. Food and nutrition sectors have evolved to provide customers with a more tailored experience and make up for dietary loss through supplemental nutrition. In addition, rising prevalence of chronic diseases is another factor increasing demand for vitamins and supplements. The World Health Organization estimates that in 2021, prevalence of chronic diseases was around 57%. This indicates that over 50% of people worldwide have a chronic illness, with cancer, diabetes, and disorders of heart and lungs being the most prevalent. Every day, a range of vitamins, minerals, and nutrients are required to maintain good health and, more significantly, a strong immune system that fights off chronic diseases.
Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Vitamins and Supplements market.
The report marks the notable developments that have recently taken place in the Vitamins and Supplements industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Vitamins and Supplements market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
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Emergen Research has segmented the vitamins and supplements based on ingredient, form, application, end-users, type, distribution channel, and region:
-
Ingredient Outlook (Revenue, USD Billion, 2019 – 2030)
- Vitamins
- Supplements
-
Form Outlook (Revenue, USD Billion, 2019 – 2030)
- Tablets
- Capsules
- Soft Gels
- Powders
- Gummies
- Liquids
-
Application Outlook (Revenue, USD Billion, 2019 – 2030)
- Immunity
- Brain/Mental Health
- Bone & Joint Health
- Menopause
- Metabolic Health
- Beauty Care
- Digestive & Microbiome Health
- Others
-
End-Users Outlook (Revenue, USD Billion, 2019 – 2030)
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
-
Type Outlook (Revenue, USD Billion, 2019 – 2030)
- OTC
- Prescribed
-
Distribution Channel Outlook (Revenue, USD Billion, 2019 – 2030)
- Offline
- Online
Competitive Terrain:
The Global Vitamins and Supplements Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Key Companies Profiled in the Report are:
Herbalife International of America, Inc., Archer-Daniels Midland Company, Amway Corporation, Pfizer, Inc., Abbott, Nestle S.A., Nutrition and Biosciences (DuPont de Nemours, Inc.), Bayer AG, Glanbia PLC, and Arkopharma.
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Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key Features of the Vitamins and Supplements Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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