UK Dietary Supplements Market Projected to Grow at a CAGR of 7.6% from 2023 to 2028
UK Dietary Supplements Market by Type (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes, Probiotics), Function, Mode of Application, Target Consumer, Distribution Channel (Pharmacy, Supermarket/Hypermarket, Online) and Region - Global Forecast to 2028
Northbrook, IL 60062 -- (SBWire) -- 07/28/2023 --According to a research report titled "UK Dietary Supplements Market by Type (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes, Probiotics), Function, Mode of Application, Target Consumer, Distribution Channel (Pharmacy, Supermarket/Hypermarket, Online) and Region - Global Forecast to 2028," published by MarketsandMarkets, the UK dietary supplements market is expected to experience significant growth at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2028.
Download PDF Brochure
The increasing consumer preference for natural alternatives to maintain health and well-being is driving the demand for herbal and probiotic supplements in the UK. Herbal supplements, derived from plant sources, are highly valued for their holistic approach to wellness and association with traditional healing practices. Consumers believe in the natural benefits offered by these supplements, leading to their growing popularity.
Moreover, the availability of comprehensive information and educational resources through online platforms, health publications, and healthcare professionals has played a vital role in raising consumer awareness and driving the demand for herbal and probiotic supplements. Probiotic supplements, in particular, have gained significant attention in the UK due to their potential benefits for digestive health. The increasing understanding of the gut-brain connection and the importance of gut health in overall well-being has led to a surge in demand for probiotic supplements that support a healthy gut microbiome.
The Health Food Manufacturers Association (HFMA) conducted a survey titled "Health of the Nation 2021: Lockdown Focus," revealing a 19% increase in supplement users in the UK. The number of daily UK supplement users rose to nearly 20 million, representing a 19% increase since the last survey in 2019, which reported 16.5 million users. Over 71% of adults in the UK use food supplements, and one-third of them cited the pandemic as the catalyst for this increase. Vitamin D emerged as the most popular dietary supplement among new users, accounting for 63%, followed by vitamin C at 39%.
Read more
In conclusion, the UK dietary supplements market is poised to experience substantial growth from 2023 to 2028, driven by the rising popularity of herbal and probiotic supplements. Consumers' preference for natural health solutions and the growing awareness of the benefits of these supplements are key factors contributing to this market expansion.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Media Relations Contact
Amish Keshwani
18886006441
https://www.marketsandmarkets.com/Market-Reports/dietary-supplements-market-973.html
View this press release online at: http://rwire.com/1376351