Dietary Supplements Market Revenue | Value Share, Worldwide Trends and Forecast to 2024

Market Overview
Global Dietary Supplements Market for dietary supplements is capitalizing on the fitness revolution where more people are embracing a healthy way of life. The Google trends show surge in health-related queries in countries which were not much focused towards healthcare before. People are opting for dietary supplements to meet the deficiency of nutrients in their food. Factors such as rise in disposable income, standardization of lifestyle, increased investments by market operators, changing healthcare habits; rising population, increased awareness etc. are key drivers of the growth of the market. Other major factors that are leading to multiplied value of market are assurance of meeting the everyday nutritional requirements of consumers, prevalence of diseases such as, blood pressure, malnutrition, obesity, etc. The rising costs of medical treatments are pushing the consumers to spend towards preventive healthcare. Consumers choose dietary supplements to stay fit and healthy so that they can avoid expensive medical treatments that would have been required otherwise.
Global Dietary Supplements Market Revenue are products containing essential elements such as Vitamins, Herbals and Botanicals, Minerals, Amino Acids and Enzymes which supports good health and supplement the diet. They help to enhance the body functioning which could not be achieved in adequate amount through regular diet. Dietary supplements are available holding multiple nutrients as well as in the form of individual nutrients.
Reports on aging population suggest that the number of people over 60 years will be double by 2050. This is one of the key drives of the dietary supplements market growth as these supplements are elixirs of extended longevity for the senile population that forms a major part of the customer base. The development of Nutraceuticals and pharmaceuticals sectors has further expedited the adoption of dietary supplement products. Factors that might hamper the growth of global dietary supplements market are insufficient knowledge about dosages, side effects of some products, false claims by organizations, etc.
Major Key Players Updates
A paradigm shift of consumers’ interest towards a healthy lifestyle has infused healthy and fierce competition among the players of the dietary supplements market. The enterprises that are taking part in the market competition are persistently endeavoring to strengthen their foothold in the growth of the market by expanding their robust portfolio of products. The development of competition can also be attributed to increased investments by the players for undertaking research projects. Some options and opportunities opted by market players to gain edge over others are, innovation, patents, competitive pricing, etc.
Some of the major players holding key shares in the market profiled by MRFR’S report are Glanbia Plc, Abbott Laboratories, E. I. Du Pont de Nemours and Company (US), NBTY Inc, GlaxoSmithKline Limited, BASF SE (DE), Royal DSM N.V., and, Amway Enterprises.
Market Segmentation
By form, the Dietary Supplements Industry has been segmented into Tablet, Powder, Capsule, Liquid and Sweet Foods.
By type, market is segmented into Vitamins, Amino Acids, Minerals, Botanicals and others.

Comments

Post a Comment

Popular posts from this blog

Matcha Tea Market Analysis | COVID – 19 Outbreak, Key Players and Forecast to 2023

Market Overview Global Matcha Tea Market is expected to exhibit a strong 9.69% CAGR over the forecast period from 2019 to 2023, according to the latest research report from Market Research Future (MRFR). The global matcha tea market is mainly driven by the growing demand for its antioxidant-rich properties, which help consumers control their blood pressure, cholesterol, and weight. The global matcha tea market is given a thorough look over in the MRFR report, which uses the previous growth trajectory of the matcha tea market to compile and present the likely growth trajectory of the market over the forecast period. The major drivers and restraints affecting the global matcha tea market are also assessed in the report to provide readers with a comprehensive overview into the market’s growth dynamics.  Matcha tea is a type of green tea rich in vitamin C, zinc, selenium, magnesium, chromium, and antioxidants. Matcha is even richer in antioxidants and vitamin C than regular green tea, whic
Read more
Bakery Products Market Insight The high inclination towards convenience food among the increasing working population is driving the growth of bakery products market. The changing consumption pattern has increased the demand for bakery products in past few years. Bakery products offer convenience for the ones who travel to work and rely on pocket friendly foods Many baked products include high levels of fat, sugar, and sometimes fruit or nuts, which increases the energy content of such products. Also, advancement in processing technology has enabled inclusion of various ingredients that enhance taste, appearance and overall nutritive value of baked products supporting the growth of bakery products market. Bakery Products Market Key Players The key players involved in this market are highly focused into new product launches and expanding their product offerings. Also, there are new entrants in the market based on tremendous growth witnessed in the bakery products market. Due to g
Read more

Almond Milk Market Revenue | Global Overview and Forecast to 2024

Market Overview Almond milk is a type of plant milk and acts as a substitute for animal-based milk products. The milk is extracted from almond, thereby making it free from lactose and casein and rich in various healthy nutrients. The growing lactose intolerant population coupled with the growing vegan population are the key drivers of growth for the market. Changing pattern in consumer eating habits and a shifting inclination towards on-the-go products among the working population is expected to positively impact the growth of the almond milk market. Manufacturers are tapping into the market by coming up with a wide variety of flavoured products. This is gaining more traction towards almond milk products and causing the market to grow positively. Not to mention, innovative and attractive packaging designs also helps add value to the product. Advertising campaigns run by major market players are influencing a positive growth of almond milk products as well. According to the latest
Read more