With health-consciousness taking the centre-stage, and countries like Germany, Portugal, Italy, and Japan being home to growing aging population, the dietary supplements market is bound to make greater strides in the forecast period.
The geriatric population is emphasizing on adaptation to various nutritional supplements especially designed for helping them in maintenance of quality of life and good health. It’s a known fact that aging does result in numerous alterations in a person, inclusive of physiological, psychological, and social patterns, which, in turn, does affect food and dietary choices. This is where dietary supplements lend a helping hand.
At the same time, it needs to be noted that dietary supplements are quite expensive, which might be a restraining factor as the low-income countries might look upon dietary supplements as a lop-sided priority. The price-sensitive regions of the Asia-Pacific, MEA, and LATAM may certainly give a second thought regarding usage of dietary supplements. Persistence Market Research has delved deep into these findings and suggested the subsequent course of action in its latest market study entitled “Dietary Supplements Market”.
Dietary Supplements Market Categorization
The global dietary supplements market, by product, spans mineral supplements, vitamin supplements, botanical supplements, fatty acids supplements, and likewise. By end-user, it’s adult women, adult men, senior citizens, and likewise. Application-wise, it’s pharmaceuticals, food & beverages, personal care, and likewise. By mode of application, it’s capsules, tablets, soft gels, gel caps, liquid, and powder. Function-wise, it’s sports nutrition, medicinal supplements, and additional supplements. By target customer, it’s children, infants, adult, pregnant women, and elderly. Persistence Market Research has, with its team of analysts and consultants, has mentioned the details with probable course of action in its latest market study entitled “Dietary Supplements Market”.
Region-wise Slingshot
North America holds the largest market share. It, in fact, holds more than 30% of the market share due to an increasing demand for products with low-calorie content and nutritional value. Europe stands second with economies like the US, Germany, and France leading from the front. However, the Asia-Pacific is expected to grow at the fastest rate in the dietary supplements market due to growing customer base in South Korea, China, and India. LATAM is also expected to pick up pace in the near future with Mexico and Brazil showing up. Persistence Market Research has highlighted the details with insights in its latest market study entitled “Dietary Supplements Market”.
Competitive Landscape
Persistence Market Research has profiled the key players in dietary supplements market as Herbalife Nutrition, Carlyle Group, Nutraceutics, Nu Skin Enterprises, GlaxoSmithKline, Bio-Botanica, Nature’s Sunshine Products, Abbott Laboratories, ADM, American Health, Pure Encapsulations, UST Manufacturing, Bayer, Arkopharma Laboratories, Glanbia, XanGo, Ekomir, Bionova Lifesciences, Anona GmbH, FANCL, Plantafood Medical GmbH, Capstone Nutrition, and Danisco.
Persistence Market Research has gone further with mentioning about the latest developments. For instance – Abbott Laboratories, in October 2020, did launch dietary supplements having strawberry flavour in India. Herbalife, in October 2019, did launch relaxation tea along with novel immunity essentials abreast with EpiCor for addressing demand for nutritional supplements in North America. Ayanda, in April 2019, did receive patent regarding a soft gel capsule containing active probiotic bacteria in the Europe. It needs to be noted that prior to invention, it was difficult for gels to carry these probiotic bacteria as manufacturing of these gels needs higher temperature, which proves to be fatal for bacteria.
The Way Further
The global dietary supplements market is slated to grow on a remarkable note between 2021 and 2031 – Persistence Market Research
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