The market is driven by the increasing adoption of multivitamin and mineral supplements by the growing aging population. The rising prevalence of diseases such as Alzheimer's and Parkinson's has increased the health consciousness about degenerative functioning among the aging population worldwide. Hence, to prevent the risk of such conditions, baby boomers are engaging in physical activities such as traveling and increasing the intake of multivitamin and mineral supplements. By 2030, nearly 17% of the global population is expected to be aged over 60 years. All these factors will have a positive impact on the growth of the global multivitamin and mineral supplements market.
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Major Five Multivitamin and Mineral Supplements Companies:
Abbott Laboratories: The company offers multivitamin and mineral supplements under the brand name HI-CAL.
Amway Corp.: The company offers multivitamin and mineral supplements under the brand name Nutrilite.
Archer Daniels Midland Co.: The company offers multivitamin and mineral supplements under the brand name Ultralec.
BASF SE: The company offers dietary supplements with high-quality health ingredients. The products are based on solid scientific foundations and contribute to a longer, healthier, and more active life.
Bayer AG: The company offers multivitamin and mineral supplements under the brand name Redoxon.
Multivitamin and Mineral Supplements Companies: Segmentation Analysis
The 120-pages report segments the multivitamin and mineral supplements market by application (eye health supplements, bone and joint supplements, heart health supplements, and other supplements) and geography (North America, Europe, Asia, and the Rest of the World (ROW)).
Multivitamin and Mineral Supplements Market Application Outlook (Revenue, USD bn, 2021-2026)
- Eye health supplements - size and forecast 2021-2026
- Bone and joint supplements - size and forecast 2021-2026
- Heart health supplements - size and forecast 2021-2026
- Other supplements - size and forecast 2021-2026
By application, the eye health supplements segment generated maximum revenue in the market in 2021. The segment is driven by the increasing prevalence of age-related macular degeneration across the world. The market growth in the segment will be significant over the forecast period.
Multivitamin and Mineral Supplements Market Geography Outlook (Revenue, USD bn, 2021-2026)
- North America - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- Asia - size and forecast 2021-2026
- Rest of World (ROW) - size and forecast 2021-2026
North America will have the largest share of the market. The regional market is driven by the rising number of product launches, continuous product innovations, increasing disposable income of consumers, and the growing appeal of leading healthy lifestyles. The US is the key market for multivitamin and mineral supplements in North America. However, the market growth in the region will be slower than the growth of the market in APAC.
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Related Reports:
Nutritional Supplements Market by Product and Geography – Forecast and Analysis 2022-2026
Cognition Supplements Market by Application and Geography – Forecast and Analysis 2022-2026
Multivitamin and Mineral Supplements Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.8% |
Market growth 2022-2026 |
USD 3.19 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.9 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, UK, Germany, China, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Abbott Laboratories, Amway Corp., Archer Daniels Midland Co., BASF SE, Bausch Health Companies Inc., Bayer AG, Cargill Inc., Glanbia Plc, Innophos Holdings Inc., International Flavors and Fragrances Inc., Kappa Ingredients GmbH, New Chapter Inc., Otsuka Pharmaceutical Co. Ltd., Pfizer Inc., Pharmavite LLC, Pinnacle Health Nutrition Ltd., Reckitt Benckiser Group PLC, Swisse Wellness Pty Ltd., The Bountiful Co., and ZeaVision LLC. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Eye health supplements - Market size and forecast 2021-2026
- Exhibit 28: Chart on Eye health supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Eye health supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Eye health supplements - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Eye health supplements - Year-over-year growth 2021-2026 (%)
- 5.4 Bone and joint supplements - Market size and forecast 2021-2026
- Exhibit 32: Chart on Bone and joint supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Bone and joint supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Bone and joint supplements - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Bone and joint supplements - Year-over-year growth 2021-2026 (%)
- 5.5 Heart health supplements - Market size and forecast 2021-2026
- Exhibit 36: Chart on Heart health supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Heart health supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Heart health supplements - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Heart health supplements - Year-over-year growth 2021-2026 (%)
- 5.6 Other supplements - Market size and forecast 2021-2026
- Exhibit 40: Chart on Other supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Other supplements - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Other supplements - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Other supplements - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Application
- Exhibit 44: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 Asia - Market size and forecast 2021-2026
- Exhibit 58: Chart on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Asia - Year-over-year growth 2021-2026 (%)
- 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 62: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- 7.7 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.8 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Abbott Laboratories
- Exhibit 93: Abbott Laboratories - Overview
- Exhibit 94: Abbott Laboratories - Business segments
- Exhibit 95: Abbott Laboratories - Key news
- Exhibit 96: Abbott Laboratories - Key offerings
- Exhibit 97: Abbott Laboratories - Segment focus
- 10.4 Amway Corp.
- Exhibit 98: Amway Corp. - Overview
- Exhibit 99: Amway Corp. - Business segments
- Exhibit 100: Amway Corp. - Key news
- Exhibit 101: Amway Corp. - Key offerings
- Exhibit 102: Amway Corp. - Segment focus
- 10.5 Archer Daniels Midland Co.
- Exhibit 103: Archer Daniels Midland Co. - Overview
- Exhibit 104: Archer Daniels Midland Co. - Business segments
- Exhibit 105: Archer Daniels Midland Co. - Key offerings
- Exhibit 106: Archer Daniels Midland Co. - Segment focus
- 10.6 BASF SE
- Exhibit 107: BASF SE - Overview
- Exhibit 108: BASF SE - Business segments
- Exhibit 109: BASF SE - Key news
- Exhibit 110: BASF SE - Key offerings
- Exhibit 111: BASF SE - Segment focus
- 10.7 Bayer AG
- Exhibit 112: Bayer AG - Overview
- Exhibit 113: Bayer AG - Business segments
- Exhibit 114: Bayer AG - Key offerings
- Exhibit 115: Bayer AG - Segment focus
- 10.8 Glanbia Plc
- Exhibit 116: Glanbia Plc - Overview
- Exhibit 117: Glanbia Plc - Business segments
- Exhibit 118: Glanbia Plc - Key offerings
- Exhibit 119: Glanbia Plc - Segment focus
- 10.9 International Flavors and Fragrances Inc.
- Exhibit 120: International Flavors and Fragrances Inc. - Overview
- Exhibit 121: International Flavors and Fragrances Inc. - Business segments
- Exhibit 122: International Flavors and Fragrances Inc. - Key news
- Exhibit 123: International Flavors and Fragrances Inc. - Key offerings
- Exhibit 124: International Flavors and Fragrances Inc. - Segment focus
- 10.10 Otsuka Pharmaceutical Co. Ltd.
- Exhibit 125: Otsuka Pharmaceutical Co. Ltd. - Overview
- Exhibit 126: Otsuka Pharmaceutical Co. Ltd. - Key offerings
- 10.11 Pfizer Inc.
- Exhibit 127: Pfizer Inc. - Overview
- Exhibit 128: Pfizer Inc. - Product / Service
- Exhibit 129: Pfizer Inc. - Key news
- Exhibit 130: Pfizer Inc. - Key offerings
- 10.12 Pharmavite LLC
- Exhibit 131: Pharmavite LLC - Overview
- Exhibit 132: Pharmavite LLC - Product / Service
- Exhibit 133: Pharmavite LLC - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources
- 11.5 List of abbreviations
- Exhibit 140: List of abbreviations
- health: Includes veterinary drugs (excluded from the scope of the report)
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