New York, NY -- (SBWire) -- 02/22/2018 --Study papers on Dietary Supplements market and regional forecast. Dietary Supplements market players are Abbott Laboratories, Carlyle Group, GlaxoSmithKline, Amway, Arkopharma, Bayer, Glanbia Nutritionals, Herbalife International.
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Global dietary supplements market size was USD 126.14 billion in 2016 and is expected to grow at a CAGR of 8.8% by 2025.
The recent regulatory changes by organizations such as FDA have led to the growing consumer demand for dietary supplements that are manufactured by adhering to the set regulations.
Dietary supplements are mainly consumed to provide nutrients or to provide non-nutrient chemicals which has beneficial effect in the body. They are obtained from variety of sources namely; plants, microbial strains, seafood, animal organs, and more. The increased demand for dietary supplement products can be accrued to the realization of significant percentage of the population about the value of better health and anything that promotes such beneficial entities.
Aging population in the U.S., European countries, and Japan has led to enhanced search for products that cure such ailments. This is expected to increase the demand for dietary supplements during the forecast period. In the last decade, the demand as well as sales for vitamins, minerals, and nutritional and herbal supplements has shown steep increase in major parts of the world.
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Moreover, the recent surveys revealed that people in North America have insatiable interests regarding information relating to preventive healthcare. Hence, advertisements in any medium regarding dietary supplement products have increased significantly. Consumers in emerging markets including China and India are also witnessing extensive demand for these products on account of implementation of new advertising campaigns for brand promotions by companies including Amway and Pfizer.
Vitamin segment holds the largest market share in the dietary supplements market, by type
The vitamin segment held XX% of the market share in 2016. Vitamins of different types are capable of supporting muscular as well as ophthalmic health. It also helps in repairing DNA and making the immune system stronger. These products are used in variety of applications, for instance, among working professionals and sports athletes in the form of multivitamin tablets.
The other types of products in this segment are probiotics, proteins, minerals and others.
Food and Beverages segment holds the largest market share in the dietary supplements market, by application
Sports nutrition is projected to witness the fastest growth at a CAGR of XX% from 2016 to 2024. Rising demand for energy drinks fortified with whey and egg protein among sports athletes and gym professionals for providing the necessary nutritional requirements is expected to augment dietary supplements consumption over the next eight years
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The growing demand for dietary supplements in sports nutrition such as energy drinks added with whey and egg proteins is expected to showcase greater growth opportunities in the market. The requirement of necessary nutritional requirements by athletes and the booming fitness industry across the world are expected to increase demand for dietary supplements.
The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2017 to 2025? What will be the share and the growth rate of the Dietary Supplements Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Dietary Supplements market across the different regions?
- What are the challenges faced by the companies operating in the Dietary Supplements Market?
- What are the future prospects for the Dietary Supplements Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Dietary Supplements industry during the forecast period, 2017 to 2025?
- What are the future prospects of the Dietary Supplements industry for the forecast period, 2017 to 2025?
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Dietary Supplements Market: Global Industry Estimated to Grow at CAGR 8.8% During 2017 to 2025
Dietary Supplements Market report has segmented the market into five geographies covering production, consumption, revenue (million USD), and market share and growth rate of Dietary Supplements markets from 2017 to 2025.