Global Nutritional Supplements Market was valued at US$ 325.4 Billion in 2022 and is estimated to reach US$ 572.4 Billion by 2030, exhibiting a CAGR of 7.31% over the forecast period. According to Global Nutritional supplements Market Report, By Ingredient (Vitamin, Protein, Fatty Acids, Botanical, Minerals, and Others), By Form (Capsule, Powder, Tablet, Liquid, and Others), By Product Type (Dietary Supplements, Sports Supplements, Beauty Supplements, and Others), By Distribution Channel (Hypermarkets & Supermarkets, Pharmacy Stores, Online Channels, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) as published by Coherent Market Insights.
Increasing demand for nutraceutical ingredients that commonly used in nutritional supplements, and rising demand for beauty supplements is expected to drive the global nutritional supplements market growth.
According to the ’ analysis, the U.S. nutraceutical ingredients market was valued at US$ 5.83 billion in 2016, and is estimated to increase to US$ 10.70 billion by 2025, exhibiting a CAGR of 7.42% over the forecast period. Women focuses on obtaining healthy skin, hair, nails, and others. Therefore, rising need to prevent premature skin aging, and preferences for effective and safe beauty solutions are expected to drive the global nutritional supplements market growth.
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https://www.coherentmarketinsights.com/market-insight/nutritional-supplements-market-3128
Browse 138 market data tables* and 33 figures* on "Global Nutritional supplements Market”- Global forecast to 2030.
Key Trends and Analysis of the Global Nutritional Supplements Market:
- Among ingredient, protein segment is expected to witness significant growth in the global nutritional supplements market. Increasing demand for natural and organic products is expected to drive the global nutritional supplements market growth. According to the Agricultural Market Information Company (AMI), in 2018, organic product demand rose by 8% in Germany. The overall food sales in Germany rose by 5.5% to US$ 12.07 billion in 2018, with organic product sales accounting for a share of around 5.3%.
Key Takeaways of the Market:
- In 2022, Asia Pacific is expected to have significant market share, in terms of value, in the global nutritional supplements market, owing to rising demand for nutraceuticals, and dietary and beauty supplements in this region. For instance, according to the International Trade Association (ITA), in China, the nutraceutical market is expected to reach US$ 40 billion by 2023, exhibiting a CAGR of 14%. Increasing health-conscious behavior among consumers and usage of botanicals is expected to drive the global nutritional supplements market growth.
- Europe is expected to witness significant growth in the global nutritional supplements market, owing to rising aesthetic awareness among the populace and higher disposable income in the region. According to the Organization for Economic Co-operation and Development (OECD), the average household and net-adjusted disposable per capita income in Germany is US$ 34,297 annually.
- Key players are adopting organic growth strategies such as product launches, in order to expand their presence in the Germany nutritional supplements market. For instance, in 2015, the Best Body Nutrition Company, launched a chocolate flavored protein shake that includes 50 grams of protein per bottle in Germany.
- Major players in the global nutritional supplements market include Abbott Laboratories, Archer Daniels Midland (ADM), American Health, Inc., Amway Corporation, Arkopharma Laboratoires Pharmaceutiques, Ayanda, DuPont, DSM, the Nature's Bounty Co., Herbalife International of America, Inc, Stepan Company, Pfizer Inc., Nestle S.A., Nature's Sunshine, and GlaxoSmithKline.
