The global nutrition supplement market is anticipated to grow at a considerable CAGR of around 8.6% during the forecast period (2024-2031). The increasing consumer awareness for healthy living and healthy diet, increasing urbanization coupled with changing lifestyles, awareness towards weight management are some of the key factors driving the nutrition supplement market growth. Moreover, prominent nutrition supplements companies are coming up with new products to remain competitive and to fulfill the growing market demands. For instance, In August 2019 European food giants Danone S.A. and Nestle India Ltd collectively came up and launched their products. Nestle India Ltd re- Launch it product Milo. While In October 2021, Danone S.A. expands its Nutrition Portfolio entered into the health drink category for children with the launch of AptaGrow. In October 2021 MYFITNESS launches a new brand suprfit, expands its healthy food products portfolio in the market. On 6th January 2022, Oxie Jalandhar-based Nutrition Company introduces white Chocolate Peanut Butter. Companies are adopting mergers and acquisitions for the expansion of products and geographies. For instance, In January 2020, DuPont which is a leading chemicals and biosciences company entered into an agreement with International Flavors and Fragrances to merge their nutrition and industrial biosciences division.
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In addition, in April 2021, KeminIndustries Inc, one of the leading ingredient manufacturers acquired Proteus Industries Inc. Through this acquisition Kemin Industries Inc expects to expand its portfolio by adding clean phosphate alternative, meat block replacement, and fat solution along with the technology. The company is focusing more on packaging costs and that has very less impact on the environment.
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Market Coverage
Segment Covered-
- By Form
- By Product Form
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape-including Amway, Herbalife Nutrition, Abbott Laboratories, and others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Nutrition Supplement Market
By Form
- Powder
- Tablets
- Capsules
- Liquid
- Soft Gels
By Product Type
- Sports Nutrition
- Dietary Supplements
- Fat Burner
- Functional Food
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Pharmacies
- E-commerce
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