The global nutrition supplements market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor for the growth of the market during the forecast period is the increasing consumer awareness regarding personal health and wellbeing. Additionally, owing to the hectic work schedules, the working populace across the globe struggles to fulfil the daily nutrient requirements. Further, changing lifestyles globally are increasing the consumer’s dependency on dietary supplements to fulfil required nutrient needs, which, in turn, is expected to drive the market.
Moreover, the rising geriatric population globally has increased the demand for developing healthy food alternatives. These foods are enhanced with nutritional value to support overall health, hence, it is increasing the demand for dietary supplements that further support the market growth. However, the high costs of nutritional supplements are a major issue that restricts the adoption of these supplements among low-income consumers, which, in turn, hamper the growth of the global nutrition supplements market during the forecast period.
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Some major players in the global nutrition supplements market include Amway Corp., Herbalife Nutrition, and Abbott Laboratories, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in November 2019, Amway invested $200 million to set up a dietary supplement innovation centre in China. It was aimed to offer custom-made solutions and the overall expansion of the company.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Form
· By Product Type
· By Ditribution Channel
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape- Amway Corp., Herbalife Nutrition, and Abbott Laboratories, among others.
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Global Nutrition Supplements Market Report by Segment
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
Global Nutrition Supplements Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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