Key Highlights
• Dietary and nutritional supplements are goods made to supplement a person's diet by adding necessary nutrients, vitamins, minerals, amino acids, or other healthy ingredients. They seek to fill dietary gaps, promote general health, and deal with particular issues. These supplements, which come in a variety of formats such capsules, tablets, powders, and liquids, are meant to augment a healthy diet rather than to replace it. Multivitamins, omega-3 fatty acids, probiotics, and protein powders are typical examples. Although they may have some health benefits, it's vital to use them with caution and under a doctor's supervision because their efficiency and safety may differ. Before introducing supplements into one's routine, it is advised to speak with a healthcare professional.
• The market size of the worldwide Nutritional & Dietary Supplements Industry surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In September 2022, Abbott introduced a new Ensure formulation. The new Ensure, a nutritional supplement based on research, offers 32 necessary nutrients, including protein, calcium, and vitamin D, to help strengthen bones and muscles. It contains HMB, or hydroxy-methyl butyrate, a brand-new substance that helps prevent muscle loss and boosts the body's strength and power.
• Growing public awareness of global health has significantly aided market growth. People are now more conscious of the effects of an unhealthy lifestyle in the wake of the pandemic. The frequency of non-communicable diseases (NCDs) is rising, and as a result, nutritional supplementation is becoming more widely used to improve general wellbeing. The WHO estimates that NCDs cause 41 million deaths per year. Despite the paucity of proof that they can prevent COVID, demand for immunity-boosting supplements skyrocketed during the epidemic, and general health and wellbeing have taken center stage. Globally, there is a sizable market for dietary supplements and supplements that stimulate the immune system. An unprecedented number of people of all ages had a variety of illnesses during the COVID-19 pandemic, and these illnesses' impacts were severe because of COVID infection. Sales of dietary supplements and supplements that promote immunity increased noticeably. The All India Organization of Chemists and Druggists estimates that the demand for dietary supplements increased by 15% to 20%. This type of dietary supplement market is being driven by rising consumer demand.
Scope of the Industry Profile
Key Players
• Amway Corp.
• Abbott
• Arkopharma
• Bayer AG
• Glanbia PLC
• Pfizer Inc.
• ADM
• The Nature’s Bounty Co
• NU SKIN
• NOW Foods
Segmentation
By Form
• Tablets
• Capsules
• Soft Gels
• Powder
• Gummies
• Liquids
• Others
By End-user
• Adults
• Geriatric
• Pregnant Women
• Children
• Infants
By Application
• Energy & Weight Management
• General Health
• Immunity
• Cardiac Health
• Others
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Nutritional & Dietary Supplements market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Nutritional & Dietary Supplements market.
3. Leading company profiles reveal details of key Nutritional & Dietary Supplements market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Nutritional & Dietary Supplements market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In September 2022, Abbott introduced a new Ensure formulation. The new Ensure, a nutritional supplement based on research, offers 32 necessary nutrients, including protein, calcium, and vitamin D, to help strengthen bones and muscles. It contains HMB, or hydroxy-methyl butyrate, a brand-new substance that helps prevent muscle loss and boosts the body's strength and power.
• In August 2022 New Gold Standard Protein Shake was launched from Optimum Nutrition, a Glanbia Performance Nutrition trademark. The new product has come with Vanilla and chocolate flavors.
• In March 2022, In the US, harmaNutrics has introduced five different dietary supplements. The functions of EnergixPlux, SerotomixPlus, Gaba 600, GlucanPlus, and CurcumixPlux for tiredness, stress, musculoskeletal support, and anti-inflammatory support varies.
Segment Insights
By Product
In contrast to soft gels and chews, powder formulations have successfully cornered the market and are now used more frequently. Market expansion has been aided by rising demand for goods including protein powders, food additives, and vitamin supplements. The market for capsules is anticipated to expand significantly during the forecast period. The bioavailability of active substances has increased as a result of the availability of goods in a variety of encapsulations. The availability of multilayered or multi-membrane encapsulations, extended-release capsules for vitamins and minerals, and omega-3 fatty acids in capsule formulations has contributed to the market's expansion.
By End-user
Adults are most likely to use nutritional supplements, and they are becoming more and more conscious of the value of wellbeing. The expansion of the market is due to an increase in general fitness as well. The danger of contracting illnesses like diabetes, obesity, and CVDs is another significant factor for this consumer base, fuelling the market's expansion. Over the course of the projected period, the youngsters segment is anticipated to expand significantly. This is a result of the rise in popularity of functional foods and the advantages of including them into diets from a young age. Nutritional supplements marketed to this customer group focus on both physical and mental well-being.
Regional Insights
In 2022, the APAC market had the highest revenue share more than 35.0%. The ability to produce functional meals, the affordability of raw materials, and the high level of public awareness regarding the advantages of nutritional supplements have all contributed to the expansion of the industry in this area. Leading nations in the field of enriched foods with high nutritional value are China and Japan. The region produces a large number of goods that are exported to other regions of the world, which helps the market expand. The China Chamber of Commerce published figures on the import and export of dietary supplements, which showed that as of June 2020, exports of dietary supplements were close to USD 990 million, a rise of 10.4% from 2019. Due to the increasing demand for these items in the region, the Latin American market is anticipated to expand significantly over the course of the forecast period. The market is being driven primarily by the rising demand for nutrient-dense foods and the increased awareness of health and wellbeing. The market is being driven by a rise in spending on health and fitness items due to an increase in the population's disposable income.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 NUTRITIONAL & DIETARY
SUPPLEMENTS MARKET OVERVIEW, BY FORM
6.1 Global Market Revenue & Share Analysis, By Form
6.1.1 Tablets
6.1.2 Capsules
6.1.3 Soft Gels
6.1.4 Powder
6.1.5 Gummies
6.1.6 Liquids
6.1.7 Others
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 NUTRITIONAL & DIETARY
SUPPLEMENTS MARKET OVERVIEW, BY APPLICATION
7.1 Global Market Revenue & Share Analysis, By Application
7.1.1 Energy & Weight Management
7.1.2 General Health
7.1.3 Immunity
7.1.4 Cardiac Health
7.1.5 Others
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 NUTRITIONAL & DIETARY
SUPPLEMENTS MARKET OVERVIEW, BY END USER
8.1 Global Market Revenue & Share Analysis, By End User
8.1.1 Adults
8.1.2 Geriatric
8.1.3 Pregnant Women
8.1.4 Children
8.1.5 Infants
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 NUTRITIONAL & DIETARY
SUPPLEMENTS MARKET OVERVIEW, BY REGION
9.1 Global Market Revenue & Share Analysis, By Region
9.1.1 North America
9.1.2 Europe
9.1.3 Asia Pacific
9.1.4 Middle East & Africa
9.1.5 South America
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 NORTH AMERICA MARKET
ANALYSIS
10.1 North America Market Revenue & Share Analysis, By Form
10.2 North America Market Revenue & Share Analysis, By
Application
10.3 North America Market Revenue & Share Analysis, By End User
10.4 North America Market Revenue & Share Analysis, By Product
10.5 North America Market Revenue & Share Analysis, By Country
10.5.1 US
10.5.2 Canada
10.5.3 Mexico
10.6 Key Takeaways
11 EUROPE MARKET ANALYSIS
11.1 Europe Market Revenue & Share Analysis, By Form
11.2 Europe Market Revenue & Share Analysis, By Application
11.3 Europe Market Revenue & Share Analysis, By End User
11.4 Europe Market Revenue & Share Analysis, By Product
11.5 Europe Market Revenue & Share Analysis, By Country
11.5.1 UK
11.5.2 Italy
11.5.3 Spain
11.5.4 Germany
11.5.5 France
11.5.6 Rest of Europe
11.6 Key Takeaways
12 ASIA PACIFIC MARKET ANALYSIS
12.1 APAC Market Revenue & Share Analysis, By Form
12.2 APAC Market Revenue & Share Analysis, By Application
12.3 APAC Market Revenue & Share Analysis, By End User
12.4 APAC Market Revenue & Share Analysis, By Product
12.5 APAC Market Revenue & Share Analysis, By Country
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4 South Korea
12.5.5 Rest of APAC
12.6 Key Takeaways
13 MIDDLE EAST & AFRICA MARKET
ANALYSIS
13.1 MEA Market Revenue & Share Analysis, By Form
13.2 MEA Market Revenue & Share Analysis, By Application
13.3 MEA Market Revenue & Share Analysis, By End User
13.4 MEA Market Revenue & Share Analysis, By Product
13.5 MEA Market Revenue & Share Analysis, By Country
13.5.1 GCC
13.5.2 South Africa
13.5.3 Rest of MEA
13.6 Key Takeaways
14 SOUTH AMERICA MARKET ANALYSIS
14.1 SA Market Revenue & Share Analysis, By Form
14.2 SA Market Revenue & Share Analysis, By Application
14.3 SA Market Revenue & Share Analysis, By End User
14.4 SA Market Revenue & Share Analysis, By Product
14.5 SA Market Revenue & Share Analysis, By Country
14.5.1 Brazil
14.5.2 Argentina
14.5.3 Rest of SA
14.6 Key Takeaways
15 COMPETITIVE SCENARIO
15.1 Overview
15.2 Key Players Market Share Analysis
15.3 Recent Developments & Product Launches
15.4 Mergers & Acquisitions
15.5 Partnerships, Agreements & Collaborations
16 COMPANY PROFILES
16.1 Overview
16.2 Key players
16.2.1 Amway Corp.
16.2.1.1 Business Overview
16.2.1.2 Products Offered
16.2.1.3 Financial Insights
16.2.1.4 Strategic Developments
16.2.1.4.1 New Product Launches
16.2.1.4.2 Agreements & Collaborations
16.2.1.5 Business Aspects (NOISE Analysis)
16.2.1.5.1 Key Strengths
16.2.1.5.2 Opportunities
16.2.1.5.3 Weaknesses & Competitive Threats
16.2.1.5.4 Needs & Improvements
16.2.2 Abbott
16.2.3 Arkopharma
16.2.4 Bayer AG
16.2.5 Glanbia PLC
16.2.6 Pfizer Inc.
16.2.7 ADM
16.2.8 The Nature’s Bounty Co
16.2.9 NU SKIN
16.2.10 NOW Foods
17 DISCLAIMER
18 APPENDIX
