The global Plant-Sourced Powder Dietary Supplements market is benefiting from rising demand for products with high protein and nutritional value. Governments in rising countries like China and India are supporting health and wellness initiatives, which is leading to an increase in Plant-Sourced Powder Dietary Supplements usage in these densely populated countries. Consumers in industrialised countries are growing more aware of their physical appearance.
The popularity of Plant-Sourced Powder Dietary Supplementss is also being driven by positive attitudes toward keeping an active lifestyle and rising consumer awareness of healthier food options. Fact. According to MR’s recent analysis, the global Plant-Sourced Powder Dietary Supplements market will surpass US$ 36,338 Mn by 2022, with an excellent CAGR of 8.3% over the forecast period (2017-2022).
Plant-Sourced Powder Dietary Supplementss Market: Key Takeaways
- North America has the greatest revenue share of the global Plant-Sourced Powder Dietary Supplements market at the moment. Throughout the projection period, the area will be a prominent market for dietary supplements, with a CAGR of over 9%. Due to expanding consumer awareness and a rising level of living, the market in Asia-Pacific excluding Japan (APEJ) is also predicted to rise significantly.
- The vitamins and minerals sector accounts for more than 45.7 percent of the market by ingredients. This market is expected to increase at a CAGR of 7.6% between 2017 and 2022, with annual revenues of roughly US$ 981.3 Mn. This is primarily due to widespread use of water-soluble vitamin supplements that are simple to consume.
- During the forecast period, pharmacy drug stores will continue to be the most popular distribution channel for Plant-Sourced Powder Dietary Supplementss. Pharmacy drug stores today hold roughly 38.5 percent of the market in terms of sales.
- Women will continue to be the primary consumers of Plant-Sourced Powder Dietary Supplementss. The market for women’s end-use products is predicted to grow from US$ 11,266.2 million in 2017 to US$ 16,686.7 million by 2022, indicating a CAGR of over 8%. Meanwhile, the men’s market now accounts for about 29% of the global market in terms of revenue. The senior citizen sector is expected to achieve a market worth of US$ 6,326 Mn throughout the projection period.
APEJ Foreseeing Significant Growth, Following North America and Europe
The Plant-Sourced Powder Dietary Supplements market in North America is expected to grow at a healthy rate through 2022, while the Plant-Sourced Powder Dietary Supplements market in Asia Pacific excluding Japan is expected to develop at a similar rate.
According to the analysis, very attractive opportunities are projected to generate income generation channels for players in China and India.
Europe will also be a profitable market for Plant-Sourced Powder Dietary Supplements makers, according to a regional analysis of the global Plant-Sourced Powder Dietary Supplements industry, which predicts Europe as a high-potential territory with a potential value of US$ 2 billion by the end of 2022.
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