The global dietary supplements market size is expected to reach USD 272.4 billion by 2028.
It is expected to expand at a CAGR of 8.6% from 2021 to 2028. The growing awareness regarding personal health and wellness owing to changing eating habits and hectic lifestyles is expected to drive the demand for dietary supplements over the forecast period.
Increasing urbanization and growing disposable income around the world are driving the demand for products that can cover the nutritional deficit at higher convenience. This is eventually driving the demand for vitamins, minerals, proteins and amino acids, and other supplement products around the world. The increasing interest of millennials in building health through a healthy diet is expected to positively impact market growth.
The obesity rate in adults in the U.S. stood at 42.4% in the year 2020, which has increased from 26% in 2008. The obesity rate in the European region was above 51.6% in 2014 and is continuously rising. The increasing prevalence of diseases, like cardiovascular diseases, diabetes, and high blood pressure, is expected to bolster the demand for dietary supplements, especially in energy and weight management, gastrointestinal health, and cardiac health applications.
The growing trend of veganism around the globe is expected to benefit the plant-based nutritional products around the globe, which is expected to drive the demand for botanical ingredient-based dietary supplements over the forecast period.
The COVID-19 outbreak has largely impacted the industrial output in the majority of the countries. However, the demand for food and beverage and pharmaceutical products remained unaffected. Though the companies faced challenges in terms of logistics due to imposed lockdown, the increasing demand for immunity-boosting supplements, including vitamins, minerals, and several herbs, benefitted the market for dietary supplements in the year 2020.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Dietary Supplements Market Variables, Trends & Scope 3.1 Market Lineage Outlook 3.1.1 Parent Market Outlook 22.214.171.124 Nutraceuticals Market 3.1.2 Related Market Outlook 126.96.36.199 Protein Supplements 188.8.131.52 Functional Proteins 3.2 Penetration & Growth Prospect Mapping 3.3 Industry Value Chain Analysis 3.3.1 Raw Material Trends 184.108.40.206 Major Raw Material Trends 220.127.116.11.1 Sugar 18.104.22.168.2 Citric Acid 22.214.171.124.3 Fish Oil 126.96.36.199.4 Soybean 188.8.131.52 Procurement Best Practices 3.3.2 Manufacturing Trends 184.108.40.206 Technology Trends 220.127.116.11 Digital Trends 3.3.3 Sales Channel Analysis 3.4 Regulatory Framework 3.5 Dietary Supplements Market - Market Dynamics 3.5.1 Market Driver Analysis 18.104.22.168 Shift From Pharmaceutical To Nutraceutical Products 22.214.171.124 Increasing Consumer Awareness Regarding Nutrition, Health, & Wellness 126.96.36.199 Increasing Demand For Sports Nutritional Supplements 3.5.2 Market Restraint Analysis 188.8.131.52 Substitution Threat From Functional Foods 184.108.40.206 Threat Of Substitution From Organic Foods 3.5.3 Industry Challenges 220.127.116.11 High Ingredient Development Cost And Stringent Government Regulations 3.6 Business Environment Analysis: 3.6.1 Dietary Supplements Market: Porter's Analysis 3.6.2 Dietary Supplements Market: PESTEL Analysis 3.6.3 Major Deals & Strategic Alliances Analysis 3.7 Market Entry Strategies 3.7.1 Impact Of COVID-19 On Dietary Supplements Industry 18.104.22.168 Production, Manufacturing & Transportation Analysis 22.214.171.124 Relationship Between Nutrition & Immunity 126.96.36.199 Upside Of COVID-19 On Dietary Supplements Market 188.8.131.52 Downside Of COVID-19 On Dietary Supplements Market 184.108.40.206 Pandemic Potential: Rising Demand For Immunity Supplements 220.127.116.11 Huge Spike In The Sale Of Supplements Amid Pandemic
Chapter 10 Competitive Analysis 10.1 Key global players & recent developments & their impact on the industry 10.2 Key Company/Competition Categorization 10.3 Vendor Landscape 10.4 Public Companies 10.5 Private Companies