Dietary Supplements Market Size, Share, Growth, Trends & Forecasts to 2026

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MarketsandMarkets Presents
Dietary Supplements Market - Forecast to
2025 https//www.marketsandmarkets.com/Market-Repo
rts/dietary-supplements-market-973.html

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The report "Dietary Supplements Market by Type
(Vitamins, Minerals, Botanicals, Amino acids,
Enzymes, Probiotics), Function (Additional,
Medicinal, Sports Nutrition), Mode of Application
(Capsules, Tablets, Liquid), Target Customer and
Region - Global Forecast to 2026" According to
MarketsandMarkets, the global dietary supplements
market  size is estimated to be valued at USD
136.2 billion in 2020 and projected to reach USD
204.7 billion by 2026, recording a CAGR of 7.0
during the forecast period. Browse 113 market
data Tables and 56 Figures spread through 222
Pages and in-depth TOC on "Dietary Supplements
Market - Global Forecast to 2026 North America
is projected to account for the largest market
during the forecast period North America is
projected to dominate the market during the
forecast period owing to the high prevalence of
chronic diseases in countries such as the US.
Vitamins and multivitamins are gaining traction
as consumers are shifting to dietary supplements
for prevention of chronic diseases. Emerging
markets in economies such as the Asia Pacific and
South American countries are going to be
potential markets for the dietary supplement
manufacturers. Key Market Players Key players
in this market include Amway (US), Herbalife
Nutrition (US), ADM (US), Pfizer (US), Abbott
Laboratories (US), Arkopharma Laboratories
(France), Bayer (Germany), Glanbia (Ireland),
Natures Sunshine Products (US), FANCL (Japan),
Danisco (Denmark), Bionova Lifesciences (India),
XanGo (US), Ekomir (Russia), American Health (US)
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• Report Objectives
• Determining and projecting the size of the
  market, with respect to type, target customer,
  function, mode of application and regional
  markets, over a period, ranging from 2020 to
  2026.
• Identifying the attractive opportunities in the
  market by determining the largest and
  fastest-growing segments across regions.
• Providing detailed information about the impact
  of COVID-19 on dietary supplements supply chain
  and its impact on various stakeholders such as
  suppliers, manufacturers, and retailers across
  the supply chain.
• Providing detailed information about the key
  factors influencing the growth of the market
  (drivers, restraints, opportunities, and
  industry-specific challenges)
• Analyzing the micromarkets, with respect to
  individual growth trends, prospects, and their
  contribution to the total market
• Recent Developments
• October 2020, Abbott Laboratories launched
  strawberry-flavored food supplements in India.
  This will strengthen the companys dietary
  supplements portfolio.
• November 2019, Amway invested USD 200 million to
  set up a dietary supplement innovation center in
  China. This helped in offering custom-made
  solutions and the overall expansion of the
  company.
• October 2019, Herbalife launched a relaxation tea
  and new immunity essentials, containing EpiCor,
  to meet nutritional supplement demand in the
  North American region. This would strengthen its
  product portfolio for dietary supplements.
• Request for sample Pages https//www.marketsandma
  rkets.com/requestsampleNew.asp?id973

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Drivers Aging population to drive the market
growth Consumers across regions have become more
health-conscious, which is driving the growth of
the dietary supplements market. The aging
population of some countries, such as Japan,
Italy, Portugal, and Germany, is another key
factor that is projected to drive the overall
market. The elderly population is focusing on
adapting to nutritional supplements specifically
tailored to their needs to maintain their good
health and quality of life. The process of aging
results in various changes in an individual,
including psychological, physiological, and
social, which affects their dietary and food
choices. ging population increasingly relies on
habitual food choices and tailored dietary
consumption patterns. The rising aging population
in some countries, over the years, has increased
the demand for developing age-friendly food
alternatives with enhanced nutritional value to
support their overall health, which has led to an
increased demand for dietary supplements that
further support the market growth.
Opportunities Shift toward plant-based
supplements The market for plant protein
ingredients is growing at a high rate consumers
are drifting away from animal proteins to
plant-based protein. This is highly likely to
shift consumers towards plant-based herbal
supplements and botanicals, further creating
opportunities for the growth of herbal
supplements in the market. The demand for
clean-label products, concerns about
sustainability, and a dire need to avoid
allergens are some of the major factors
responsible for shifting consumer preferences
towards botanical extracts. The target population
for these herbal supplements is expanding from
vegan to flexitarians, further indication
shifting consumer preferences.Make an Inquiry
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uyingNew.asp?id973  
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Challenges Consumer skepticism associated with
nutraceutical products Although nutraceutical
products such as nutritional supplements have
witnessed a high demand in recent years, a
majority of the population is skeptical about the
consumption of nutraceutical products,
particularly dietary supplement products. Also,
the increase in unawareness among rural and
semi-urban consumers about dietary supplements
and the lack of education regarding the same
discourages key players from investing. This
population contributes to a major share of the
non-dietary supplement consuming population in
the developing and non-developing countries.
Also, consumers perceive dietary supplements as
medical drugs and are apprehensive to incorporate
the same in their daily dietary lifestyles. Due
to these factors, some manufacturers are focusing
on developing different formulations of
supplements, such as gummies, soft chews, and
others, to mitigate the fear of consuming tablets
and capsules as nutraceuticals. However, these
formulations are still in the early stage of
entering the global market, whereas tablets and
capsules in the nutraceutical market already have
a majority share, which is challenging to the
growth of the dietary supplements market. Key
Market Players Key players in this market
include Amway (US), Herbalife Nutrition (US), ADM
(US), Pfizer (US), Abbott Laboratories (US),
Arkopharma Laboratories (France), Bayer
(Germany), Glanbia (Ireland), Natures Sunshine
Products (US), FANCL (Japan), Danisco (Denmark),
Bionova Lifesciences (India), XanGo (US), Ekomir
(Russia), American Health (US), Pure
Encapsulations (US), UST Manufacturing (US),
Capstone Nutrition (US), Anona GmBH (Germany),
Plantafood Medical GmBH (Germany), Carlyle Group
(US), Bio-Botanica Inc. (US), GlaxoSmithKline
(UK), Nu Skin Enterprises (US), and Nutraceutics
(US). Speak to Analyst https//www.marketsandma
rkets.com/speaktoanalystNew.asp?id973
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