WELLNESS SUPPLEMENTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• On February 8, 2024, Herbalife, a premier health and wellness company and community, announced the launch of the Herbalife GLP-1 Nutrition Companion, a new line of food and supplement product combinations designed to meet the nutritional needs of people taking GLP-1 and other weight-loss medications
• In May 2023, Roquette, a global leader in plant-based ingredients and a leading provider of pharmaceutical and nutraceutical excipients, invited the health and nutrition market to explore a more versatile, stable, and consumer-focused future for probiotic supplements with the introduction of PEARLITOL ProTec
• In November 2022, to continue delivering on its growth goal for North America, DSM, a purpose-led global science-based company in Nutrition, Health and Bioscience aligned its partnership efforts with LBB Specialties, a specialty chemical and ingredients company to create better customer value and expand product development options. By partnering with LBB Specialties, DSM will be better positioned to increase market penetration as a leading provider of vitamins, lipids, carotenoids, and nutraceuticals to the North American region.
• In September 2022, Abbott, a global healthcare company, announced the launch of the new Ensure with β-hydroxy-β-methyl butyrate (HMB), a novel formulation designed to help Indians as they age. The new Ensure is a scientifically prepared nutritional supplement containing 32 essential elements, such as high-quality protein, calcium, and vitamin D, to help boost muscle and bone health. The product now includes a unique component, HMB, which prevents muscle loss and boosts strength and energy.