Dietary Supplements Market: Size, Growth, Regional Analysis, And Market Analysis

 Dietary Supplement:

A dietary supplement is an artificial product taken as a pill, capsule, tablet, powder, or liquid to enhance one's diet. A supplement can deliver nutrients that have been taken from food or that have been synthesized to boost the number of nutrients consumed. Vitamins, minerals, fiber, fatty acids, and amino acids are all examples of nutritional molecules.


Market Analysis:

The global Dietary Supplements Market was worth USD 140.3 billion in 2020, and it is predicted to increase at an annual pace of 8.6% from 2021 to 2028. Over the projected period, rising consumer awareness about personal health and well-being is a significant driver of the dietary supplement market. In addition, due to demanding work schedules and changing lifestyles, the working population worldwide is struggling to meet daily nutrient requirements.


Due to its high convenience, this increases their reliance on dietary supplements to meet their nutrient requirements, which is projected to drive the market. The growing number of international sporting events motivates competitors to concentrate on physical strength. Food demand for nutritional supplements is predicted to rise as sports centers and gymnasiums grow.


Increasing healthcare expenditures, medical problems or doctor recommendations, favorable reactions to sports nutrition, and increased awareness about calorie reduction and weight loss all contribute to expanding the dietary supplement business. In addition, safe health management methods will also fuel market expansion. On the other hand, rising demand for novel supplements and rigorous dietary supplement regulatory rules in a few end-use industries may limit the growth of the Dietary Supplements Market.


Regional Analysis:

Due to customers' better spending capacity, the United States became the primary market in the North American area in 2020. In addition, increasing healthcare spending, a growing senior population, and rising interest in preventative healthcare and achieving wellness via nutrition are predicted to boost Dietary Supplements Market growth.


During the projection period, Asia Pacific is expected to increase significantly. Because of the rising consumer base in India, China, and South Korea, the market is predicted to become the largest regional market by 2028. During the projection period, Asia Pacific is expected to increase significantly. Because of the rising consumer base in India, China, and South Korea, the Dietary Supplements Market is predicted to become the largest regional market by 2028.


Key Players:

Amway (US), Herbalife Nutrition (US), ADM (US), Pfizer (US), Abbott Laboratories (US), Arkopharma Laboratories (France), Bayer (Germany), Glanbia (Ireland), Nature's 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) are the key players of Dietary Supplements Market.

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