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

The global wellness supplements market is estimated to be valued at USD 270.10 Bn in 2024 and is expected to exhibit a CAGR of 7.7% during the forecast period (2024-2031). The global wellness supplements market has seen significant growth over the past decade. Growing health awareness along with increasingly hectic lifestyles has driven the demand for nutritional and herbal supplements that support overall well-being. These supplements are popularly consumed to boost immunity, manage stress, aid digestion, and promote relaxation. Rising obesity and prevalence of lifestyle diseases have further augmented the need for products that aid in weight management, improve cardiovascular health, and control glucose levels. With growing consumer inclination towards preventive healthcare and maintaining optimal wellness, the market is expected to continue expanding at a brisk pace going forward.

Market Dynamics:

The global wellness supplements market is primarily driven by rising health consciousness among individuals coupled with increasing focus on preventive healthcare. Growing disposable incomes especially in developing economies have also augmented the demand for supplements. Furthermore, an aging global population prone to chronic diseases and age-related issues favor the market growth. However, lack of regulation and supervision have led to the proliferation of low-quality supplements, posing health risks, thus restraining the market growth to a certain extent. On the positive side, innovations in product formats and the growing popularity of herbal ingredients provide significant opportunities for market players. E-commerce penetration and aggressive marketing by key players further aids market expansion.

Key Features of the Study:

• This report provides an in-depth analysis of the global wellness supplements market, and provides market size (USD BN) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global wellness supplements market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study includes Abbott, Reckitt Benckiser Group PLC., Hexagonnutrition Ltd., Nestlé, Danone, Baxter, Fresenius Kabi AG, B. Braun SE, Perrigo Company plc, Sun Pharmaceutical Industries Ltd., Centrum (GSK plc.), BASF SE, DSM, Zeon Lifesciences Ltd., Cipla Inc., ADM, Amway Corp., and Glanbia PLC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global wellness supplements market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wellness supplements market.

Market Segmentation

• Supplement Type:
  • Proteins
  • Carbohydrates
  • Multi-Vitamins and Antioxidants
  • Fibers
  • Minerals
  • Others
• Application:
  • Inflammatory Bowel Diseases
  • Metabolic Diseases
  • Weight Management
  • Women's Health
  • Allergic Disorders
  • Immune Health
  • Others
• Form:
  • Gummies & Softgels
  • Capsules & Tablets
  • Powder Form
  • Liquid Form
  • Others
• Distribution Channel
  • Online
    • Company Websites
    • Third Party Aggregators
  • Offline
    • Hypermarkets/Supermarkets
    • Specialty Stores
    • Drug & Pharmacy Stores
    • Others
• Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Abbott
  • Reckitt Benckiser Group PLC.
  • Hexagonnutrition Ltd.
  • Nestlé
  • Danone
  • Baxter
  • Fresenius Kabi AG
  • Braun SE
  • Perrigo Company plc
  • Sun Pharmaceutical Industries Ltd.
  • Centrum (GSK plc.)
  • BASF SE
  • DSM
  • Zeon Lifesciences Ltd.
  • Cipla Inc.
  • ADM
  • Amway Corp.
  • Glanbia PLC