VITAMIN AND MINERAL SUPPLEMENT TABLETS MARKET ANALYSIS

Vitamin and Mineral Supplement Tablets Market, By Type (Vitamin Supplements (Vitamin A, Vitamin B, Vitamin C, Vitamin D, and Others) and Mineral Supplements (Calcium, Iron, Zinc, Magnesium, and Others)), By Application (General Health, Bone & Joint Health, Immune Support, and Others), By Distribution Channel (Pharmacies & Drug Stores, Supermarkets & Hypermarkets, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Nov 2024
Code : CMI5257
Pages :237
Formats :
Excel and PDF
Industry : Pharmaceutical

Key Takeaways from Analyst

Increasing health consciousness among consumers can drive the market growth. More people are realizing the importance of maintaining good nutritional levels through dietary supplements. Growing aging population who require supplements to fulfill their daily vitamin and mineral requirements can also drive the market growth.

Stringent regulatory frameworks related to dosage levels and product quality across different regions can hamper the market growth. Availability of low-cost private label products is also intensifying competition and putting pricing pressure on major brands.

North America currently dominates the market due to widespread supplement usage in the region as part of preventive healthcare. Asia Pacific is expected to be the fastest growing regional market with rising incomes allowing more people to spend on supplements as a preventive healthcare measure.