Dietary Supplement Market was valued at USD 140.3 Billion in 2022 and is projected to reach USD 272.4 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
The global dietary supplement market was valued at approximately $165 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. This significant growth is driven by increasing consumer awareness of health and wellness, a rise in preventive healthcare practices, and a growing demand for natural and organic products. The market's expansion is also fueled by technological advancements in supplement formulations and the increasing adoption of e-commerce platforms for purchasing dietary supplements. The North American region holds a substantial share of the market, followed closely by Europe and the Asia-Pacific region, reflecting the widespread consumer interest and the growing market opportunities in these areas.
Emerging markets present substantial growth opportunities for the dietary supplement industry. In particular, the Asia-Pacific region is experiencing rapid growth due to rising disposable incomes, urbanization, and increasing health consciousness among consumers. Additionally, the expansion of distribution channels and the introduction of innovative products are expected to drive market growth further. Key opportunities include addressing the demand for personalized supplements, leveraging advancements in nutraceutical research, and exploring new consumer segments. These factors combined highlight the promising potential for market players to capitalize on emerging trends and consumer preferences in the dietary supplement sector.
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Pfizer
Amway
Suntory
Glanbia
GSK
Abbott
Herbalife
Reckitt Benckiser
Bayer
Blackmores
Otsuka
GNC
Sanofi
Merck
Nature’s Bounty
Miki
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dietary Supplement Market
Adult
Infant
Children
Pregnant Women
Elderly
Based on Types the Market is categorized into Below types that held the largest Dietary Supplement market share In 2023.
Vitamin
Mineral
Protein
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dietary Supplement Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dietary Supplement Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dietary Supplement Market, By Type
6. Global Dietary Supplement Market, By Application
7. Global Dietary Supplement Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Dietary Supplement Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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