Global Dietary Supplements Market Outlook for 2023-28
Markntel Advisors has conducted a comprehensive study on the Global Dietary Supplements Market is projected to grow at a CAGR of around 7.5% during the forecast period, i.e., 2023-28. Rapid urbanization and increasing disposable income, paired with a substantial shift in consumers’ lifestyles, buying patterns, and dietary habits, have positively influenced the demand for dietary supplements worldwide. Another crucial factor thriving the market growth is the growing health awareness that has led to the adoption of more nutrient-specific products in recent years. This predominantly attributes to the emerging consumer need for daily requirements of micronutrients in the body and increased consumer spending on health & wellness products.
In addition, the Global Dietary Supplements Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
Key Driver: Intensifying Focus On Preventive Healthcare Practices to Propel the Adoption of Dietary Supplements
Consumers are becoming more aware of preventive healthcare practices due to the rising frequency of age- and lifestyle-related disorders. As a result, they are gravitating toward items that promote good health, such as food additives, which is likely to boost the global market. Besides, growing innovation from market leaders, as well as new entrants, is likely to accelerate the market expansion globally. For instance, The GHT firms launched a new product line of nutrition that is entirely vegan in March 2018. These goods intend to satisfy the rising demand for weight-management aids made from plants rather than animals.
Global Dietary Supplements Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Dietary Supplements Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter’s five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-Proteins & Amino Acids
-Omega Fatty Acids
-Fibers & Specialty Carbohydrates
-Energy & Weight Management
-Bone & Joint Health
-By Distribution Channel
Each sections offer valuable insights into the Dietary Supplements Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
Competitive Analysis of the Global Dietary Supplements Industry
-Arkopharma Laboratories Pharmaceutiques
-Archer Daniels Midland
– NBTY Inc
Global Dietary Supplements Market Research Report Answers the Following Key Questions
- How big is the Global Dietary Supplements Market?
- What is the projected growth rate or CAGR of the Global Dietary Supplements Market during 2023-28?
- What are the key trends or growth opportunities for the key players in the Global Dietary Supplements Market?
- Which ‘segment’ seems promising for companies operating in the Global Dietary Supplements Market?
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