Liquid dietary supplements are projected to become more common in consumers’ everyday diets as their lifestyles change. While some people take liquid dietary supplements to enhance their health in specific ways, the bulk of people take them to improve their overall body metabolism and save money on medical procedures.
According to an Industry Research Report on the worldwide liquid dietary supplements market, sales of liquid dietary supplements would generate roughly US$ 29.5 billion in revenue by the end of 2017. The global market for liquid dietary supplements is expected to increase at a stable rate of 7.4% over the next five years.
Liquid Dietary Supplements Market: Key Takeaways
- According to the survey, vitamins and minerals will make up more than 45 percent of all liquid dietary supplements sold around the world in 2017. During the projection period, however, demand for botanical supplements is expected to remain strong.
- In 2017, a little more than 10% of liquid dietary supplements consumed worldwide will be used to treat heart conditions. During the forecast period, the use of liquid dietary supplements for health immunity is expected to gain traction.
- Pharmacies and medicine shops will continue to be the major distribution channels for liquid dietary supplements through 2022, according to the analysis. Direct sales of liquid dietary supplements are expected to account for a considerable portion of market revenue in 2017.
- In 2017, men will account for 20 percent of the global market value for liquid dietary supplements. The largest end-users of liquid dietary supplements will be women.
- Sedentary lifestyles are predicted to increase in the United States and Canada, necessitating the use of dietary supplements that stimulate body metabolism. North America is expected to be the largest market for liquid dietary supplements through 2022, according to the report.
- The European market for liquid dietary supplements is predicted to increase steadily, generating an incremental potential of more than US$ 3.4 billion by 2022, compared to 2017. The rising incidence of dietary issues among European consumers will play a key role in driving sales of liquid dietary supplements throughout this time.
How will an Increasing Geriatric Population Base Stimulate Liquid Dietary Supplements Sales?
Customers of all ages have prioritised long-term and sustainable health and well-being. This has sparked a desire to be more proactive in terms of nutrition, such as the usage of liquid dietary supplements. According to the UN’s “World Population Prospects” report, there were an estimated 962 million people aged 60 and older in 2017, with the number predicted to triple by 2050.
Furthermore, the National Council on Aging estimates that more than 80% of people aged 60 to 65 are expected to have at least one chronic disease or disorder (NCOA). To defend themselves against health hazards, customers prefer nutritional treatments such as liquid dietary supplements.
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