Global Dietary (Nutritional) Supplements Market Size/Share Estimated to Reach USD 380.12 Billion by 2032, at 8.7% CAGR: Polaris Market Research

NEW YORK, April 3, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Dietary Supplements Market Share, Size, Trends, Industry Analysis Report, By Type; By Form; By Application; By Distribution Channel; By End-Use (Adults, Children, Infants, Pregnant Women, Geriatric); By Region; Segment Forecast, 2023 - 2032" published by Polaris Market Research in its research repository.

"According to research report, the global dietary supplements market size/share was valued at USD 164.98 Billion in 2022 and is expected to reach USD 380.12 Billion By 2032, growing at a CAGR of 8.7% during the forecast period."

What is Dietary (Nutritional) Supplements Market? How Big is Dietary (Nutritional) Supplements Market Size & Share?

• Overview

Innumerable grownups and children in the US consume vitamins or alternative dietary supplements. Besides vitamins, dietary supplements can accommodate herbs, minerals, enzymes, amino acids, botanicals, and several other components. The rapidly rising demand for the dietary supplements market can be attributed to people becoming aware of it, giving the good size of vital supplements. Regular intake of vitamin D and calcium can maintain robust bones and lessen the loss of bones.

Growing consumer consciousness in the wake of individualistic health and contentment is anticipated to be an indispensable driving element for dietary supplements over the forecast period. Grassroots worldwide is grappling to accomplish the dairy nutrient needs because of frenetic work timetables and altering situations. Growing reliance on supplements to achieve nutrient needs due to their excessive comfort is anticipated to drive the market over the forecast period.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Our Sample Report May Includes:

• 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
• 115+ Pages Research Report (Inclusion of Updated Research).
• Provide Chapter-wise guidance on Request.
• 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends.
• Includes Updated List of table & figures.
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Key data covered in the market report

• The study presents the analytical depiction of the industry along with current trends and future estimations to determine imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities, along with a detailed analysis of the market share.
• The current market is quantitatively analyzed to highlight the market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers and suppliers in the market.
• The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in the coming years.

Some of the Top Market Players Are:

• Abbott
• Glanbia Plc
• The Archer-Daniels-Midland Company
• Nature's Sunshine Products Inc.
• GlaxoSmithKline plc
• Amway Corp.
• Abbott Laboratories
• Arkopharma
• NOW Foods
• Herbalife International of America Inc.
• XanGo LLC
• Nu Skin Enterprises Inc.
• PharmaNutrics Himalaya Global Holdings Ltd.
• Nutraceutics Corp.
• Pfizer Inc.
• Bayer AG

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Key factors driving market growth

• Surging disbursement proportions of the consumers push the market

The US surfaced as the dominant market for dietary supplements in the North American area. This is due to excessive disbursement proportions of the consumers. The dietary supplements market size is expanding as surging disbursement on healthcare commodities, the growing elderly populace, growing engrossment in precautionary healthcare, and increasing curiosity in procuring fitness across diet are expected to extend market growth over the forecast period.

Research and development are the significant winning factors for dietary supplements that need substantial financing. Dietary supplements market sales are soaring due to strict directives in context to the health advantages demand, and categorizing commodities is anticipated to generate ultimatums for the dietary supplements over the forecast period.  

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Recent trends influencing the market

Increasing awareness of fibers and specialty carbohydrates to drive the market

• The demand for dietary supplements for assimilating health administration is expected to be driven by increasing awareness in the context of fibers and specialty carbohydrates by the cause of growing cases of bloating, irritable bowel syndrome, dyspepsia, and stomach ulcers worldwide. The demand for exempt augmenting commodities has mushroomed due to covid-19 epidemic upsurge.
• Dietary supplements in the liquid disposition are liposomal products that might unfurl evenly in water for trouble-free absorption and stimulates their further usage in smoothies, yogurts, and alternative energy drinks. The increasing acceptance of such components in the food and beverage sector quirky food commodities has laid down a contemporary inclination and acceptance of dietary supplements in the existing global market.

Segmentation assessment

• The vitamin segment dominated the market

Based on type, the vitamin segment dominated the market. The dietary supplements market demand is on the rise due to the towering demand for energy and weight governance from skilled workers and sportspersons. Multivitamins were repeatedly swallowed in powder, tablet, and liquid form for comfort.

• The tablet segment accounted for the biggest revenue share

Based on form, the tablet segment accounted for the biggest revenue share. The dietary supplements market trends include numerous patrons choosing to consume their supplements in tablet form for comfort and handiness. Tablets are movable, easy to consume, and can be worked out with several components.

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Dietary (Nutritional) Supplements Market: Report Scope

Geographic Overview

• Growing awareness of soaring nutritional worth to propel the North American market

North America held the largest dietary supplements market share due to soaring nutritional worth and fat-free commodities. The market in Mexico is also anticipated to propel the demand for dietary supplements because of contemporary product initiation.

Asia Pacific market is anticipated to flourish, notably becoming the speediest within the forecast period propelled by growing disbursement on amplifying health commodities, extending per capita income, and increasing consciousness in countries such as India, South Korea, and China.

Browse the Detail Report "Dietary Supplements Market Share, Size, Trends, Industry Analysis Report, By Type; By Form; By Application; By Distribution Channel; By End-Use (Adults, Children, Infants, Pregnant Women, Geriatric); By Region; Segment Forecast, 2023 - 2032" with in-depth TOC:  https://www.polarismarketresearch.com/industry-analysis/dietary-supplements-market           

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Recent developments

• In September 2022, Abbott initiated a contemporary conceptualization of their sought-after nutritional supplement, Ensure. Ensure holds 32 necessary nutrients, including vitamin D, calcium, and protein important for enhancing muscle and bone energy. Further, the contemporary conceptualization now involves HMB or hydroxy-methyl butyrate.

Polaris Market Research has segmented the Dietary Supplements market report based on type, form, application, distribution channel, end-use, and region:

By Type Outlook

• Vitamins
• Minerals
• Amino Acids
• Botanicals
• Probiotics
• Enzymes
• Others

By Form Outlook

• Tablets
• Capsules
• Gummies
• Powder
• Soft Gels
• Liquids
• Others

By Application Outlook

• Energy & Weight Management
• Bone & Joint Health
• Immunity
• General Health
• Cardia Health
• Others

By Distribution Channel Outlook

• Online Platforms
• Offline Stores

By End Use Outlook

• Adults
• Children
• Infants
• Pregnant Women
• Geriatric

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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SOURCE Polaris Market Research