Market Overview:
The global dietary supplement market is expected to grow at a CAGR of 7.1% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about the benefits of dietary supplements, rising prevalence of chronic diseases, and growing geriatric population. Based on type, the global dietary supplement market is segmented into vitamin, mineral, botanical, enzyme, fatty acid and protein supplements. The vitamin segment is expected to account for the largest share of the global dietary supplement market in 2018. This can be attributed to factors such as increasing awareness about health benefits associated with vitamins and rising incidence of vitamin deficiencies across the globe. Based on application,the global dietary supplement market is segmented into adult supplements (18-64 years), infant supplements (65 years).
Product Definition:
A dietary supplement is a product taken by mouth that contains a specific nutrient or combination of nutrients intended to supplement the diet. The importance of dietary supplements is that they can provide essential nutrients not found in most foods.
Vitamin:
Vitamin is a group of organic compounds that act as food for the body. There are different types of vitamins in foods and they are known by different names. For example, vitamin D is called as ergocalciferol and can be found in animal products such as liver oil, fish & seafood oils, egg yolk etc., while vitamin A can be found in plant sources such as soybean oil & rice bran oil.
Mineral:
Mineral and its usage in dietary supplement market is classified on the basis of source, form, application & end-user. On the basis of source, mineral can be classified as organic and inorganic. Organic minerals comprise trace minerals and macro-minerals while inorganic ones include salts such as sodium chloride (NaCl), potassium carbonate (KH2CO3), calcium carbonate (CaCO3) etc.
Application Insights:
The adult application segment led the global dietary supplement market in 2017. This is attributed to the growing geriatric population across the world, which has increased demand for nutritional supplements. For instance, according to a study published by Longeveron LLC in 2018, it is estimated that by 2060 there will be over 100 million adults aged 65 or above living in Europe and this number is expected to increase at a rate of 9.6% from 2019 to 2020 alone.
In addition, increasing health awareness among consumers coupled with rising disposable income levels are anticipated drive growth over the forecast period for this segment. The infant application segment was valued at USD 2 billion in 2017 owing to high demand amongst women who are pregnant or lactating as these infants require specific nutrition supplements from mother milk till they reach 6 months age group respectively.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period due to high disposable income, rising awareness about nutritional enrichment, and availability of a wide range of products with enhanced benefits. Asia Pacific is anticipated to witness lucrative growth over the coming years owing to increasing health concerns coupled with growing disposable income levels and rapid urbanization. Moreover, rising consumer preference for natural ingredients as an alternative therapy for various diseases will drive demand further.
The European market also held a significant share in 2017 owing to growing awareness among consumers regarding dietary supplements along with favorable regulations aimed at promoting their consumption in this region.
Growth Factors:
- Increasing awareness about the benefits of dietary supplements among consumers.
- Rising incidence of lifestyle diseases and chronic illnesses, which is driving demand for dietary supplements as a preventive measure.
- Growing popularity of natural and organic dietary supplements among consumers.
- Proliferation of online retail channels for selling dietary supplements, which is making these products more accessible to consumers worldwide.
- increasing research on the health benefits of various types of dietary supplements, which is helping to boost demand for these products
Scope Of The Report
Report Attributes
Report Details
Report Title
Dietary Supplement Market Research Report
By Type
Vitamin, Mineral, Botanical, Enzyme, Fatty Acid, Protein
By Application
Adult, Infant, Children, Pregnant Women, Elderly
By Companies
Pfizer, Amway, Suntory, Glanbia, GSK, Abbott, Herbalife, Reckitt Benckiser, Bayer, Blackmores, Otsuka, GNC, Sanofi, Merck, Nature’s Bounty, Miki
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Dietary Supplement Market Report Segments:
The global Dietary Supplement market is segmented on the basis of:
Types
Vitamin, Mineral, Botanical, Enzyme, Fatty Acid, Protein
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adult, Infant, Children, Pregnant Women, Elderly
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pfizer
- Amway
- Suntory
- Glanbia
- GSK
- Abbott
- Herbalife
- Reckitt Benckiser
- Bayer
- Blackmores
- Otsuka
- GNC
- Sanofi
- Merck
- Nature’s Bounty
- Miki
Highlights of The Dietary Supplement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vitamin
- Mineral
- Botanical
- Enzyme
- Fatty Acid
- Protein
- By Application:
- Adult
- Infant
- Children
- Pregnant Women
- Elderly
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dietary Supplement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A dietary supplement is a product that is intended to supplement the diet and provide nutritional benefits. Dietary supplements can be purchased over-the-counter (OTC) or through a pharmacy.
Some of the major companies in the dietary supplement market are Pfizer, Amway, Suntory, Glanbia, GSK, Abbott, Herbalife, Reckitt Benckiser, Bayer, Blackmores, Otsuka, GNC, Sanofi, Merck, Nature¢â‚¬â„¢s Bounty, Miki.
The dietary supplement market is expected to grow at a compound annual growth rate of 7.1%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dietary Supplement Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dietary Supplement Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dietary Supplement Market - Supply Chain
4.5. Global Dietary Supplement Market Forecast
4.5.1. Dietary Supplement Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dietary Supplement Market Size (000 Units) and Y-o-Y Growth
4.5.3. Dietary Supplement Market Absolute $ Opportunity
5. Global Dietary Supplement Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Dietary Supplement Market Size and Volume Forecast by Type
5.3.1. Vitamin
5.3.2. Mineral
5.3.3. Botanical
5.3.4. Enzyme
5.3.5. Fatty Acid
5.3.6. Protein
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Dietary Supplement Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Dietary Supplement Market Size and Volume Forecast by Application
6.3.1. Adult
6.3.2. Infant
6.3.3. Children
6.3.4. Pregnant Women
6.3.5. Elderly
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Dietary Supplement Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Dietary Supplement Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Dietary Supplement Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Dietary Supplement Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Dietary Supplement Demand Share Forecast, 2019-2029
9. North America Dietary Supplement Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Dietary Supplement Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Dietary Supplement Market Size and Volume Forecast by Application
9.4.1. Adult
9.4.2. Infant
9.4.3. Children
9.4.4. Pregnant Women
9.4.5. Elderly
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Dietary Supplement Market Size and Volume Forecast by Type
9.7.1. Vitamin
9.7.2. Mineral
9.7.3. Botanical
9.7.4. Enzyme
9.7.5. Fatty Acid
9.7.6. Protein
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Dietary Supplement Demand Share Forecast, 2019-2029
10. Latin America Dietary Supplement Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Dietary Supplement Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Dietary Supplement Market Size and Volume Forecast by Application
10.4.1. Adult
10.4.2. Infant
10.4.3. Children
10.4.4. Pregnant Women
10.4.5. Elderly
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Dietary Supplement Market Size and Volume Forecast by Type
10.7.1. Vitamin
10.7.2. Mineral
10.7.3. Botanical
10.7.4. Enzyme
10.7.5. Fatty Acid
10.7.6. Protein
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Dietary Supplement Demand Share Forecast, 2019-2029
11. Europe Dietary Supplement Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Dietary Supplement Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Dietary Supplement Market Size and Volume Forecast by Application
11.4.1. Adult
11.4.2. Infant
11.4.3. Children
11.4.4. Pregnant Women
11.4.5. Elderly
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Dietary Supplement Market Size and Volume Forecast by Type
11.7.1. Vitamin
11.7.2. Mineral
11.7.3. Botanical
11.7.4. Enzyme
11.7.5. Fatty Acid
11.7.6. Protein
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Dietary Supplement Demand Share, 2019-2029
12. Asia Pacific Dietary Supplement Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Dietary Supplement Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Dietary Supplement Market Size and Volume Forecast by Application
12.4.1. Adult
12.4.2. Infant
12.4.3. Children
12.4.4. Pregnant Women
12.4.5. Elderly
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Dietary Supplement Market Size and Volume Forecast by Type
12.7.1. Vitamin
12.7.2. Mineral
12.7.3. Botanical
12.7.4. Enzyme
12.7.5. Fatty Acid
12.7.6. Protein
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Dietary Supplement Demand Share, 2019-2029
13. Middle East & Africa Dietary Supplement Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Dietary Supplement Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Dietary Supplement Market Size and Volume Forecast by Application
13.4.1. Adult
13.4.2. Infant
13.4.3. Children
13.4.4. Pregnant Women
13.4.5. Elderly
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Dietary Supplement Market Size and Volume Forecast by Type
13.7.1. Vitamin
13.7.2. Mineral
13.7.3. Botanical
13.7.4. Enzyme
13.7.5. Fatty Acid
13.7.6. Protein
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Dietary Supplement Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Dietary Supplement Market: Market Share Analysis
14.2. Dietary Supplement Distributors and Customers
14.3. Dietary Supplement Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pfizer
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Amway
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Suntory
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Glanbia
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GSK
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Abbott
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Herbalife
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Reckitt Benckiser
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bayer
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Blackmores
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Otsuka
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GNC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sanofi
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Merck
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Natures Bounty
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Miki
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
