According to the current analysis of Reports and Data, the global dietary supplements market was valued at USD 140.1 Billion in 2018 and is expected to reach USD 216.3 Billion by year 2026, at a CAGR of 5.5%. Dietary supplements are products intended to supplement the diet that contains one or more of the following dietary ingredients: vitamins, minerals, protein & amino acids, herbs or other botanical ingredients. Nutrition supplements can be taken in various forms such as in the form of pills, capsules, tablets, powder or in the form of liquids.
The growth exhibited by the global dietary supplements market is a result of various factors such as the developing economies and subsequently increasing income of consumers, rising awareness about nutrition, hectic lifestyle, increasing geriatric population, and spread of chronic ailments. The wide adoption of e- commerce and m-commerce platforms are expected to be crucial factors that will spur a shift in positive direction for this industry. Due to the nature of dietary supplements, the industry has already seen greater adoption of e-commerce purchases than other consumer goods industries, with global sales of vitamins and dietary supplements via internet retailing reaching 14% in 2016 compared to 9% for consumer health as a whole and just 2% for packaged food. With an increase in the aging populations in high-income economies such as the U.S., the U.K., Germany, and Japan, more and more people are looking for preventive healthcare management, to keep diseases at bay. Good health is not just a goal for the consumers; it has become a lifestyle choice for many them. Apart from this, massive impact of mass media communications & advertisement witnessed in the pharmaceutical & retail sectors is expected to generate lucrative demands for the Dietary Supplements. In addition, factors such as self-medication in cases of minor health issues, cost-effectiveness, and convenience of direct purchase are anticipated to drive the adoption and acceptance of dietary supplements over the forecast period. Strong growth in sports nutrition segment, increased use of supplements for weight reduction, and increasing discounts on e-commerce sites are also driving this market.
The Dietary Supplements sector has seen a slew of mergers and acquisitions in recent years, with larger companies buying out smaller players, so that they could gain leverage in certain niche market segments. For example, in February 2019, Glanbia PLC acquired US-based Watson, a manufacturer and supplier of high-quality custom nutrient premixes, bakery ingredients, edible films and material conditioning solutions. This strategy will help Glanbia PLC get a foothold in the rapidly growing nutrient premix market and extend its presence in the US.
Some of the major players of the market are:
Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Miltenyi Biotec GmbH, Sysmex Partec GmbH, Beckman Coulter, Inc., On-Chip Biotechnologies Co., Ltd., Sony Biotechnology Inc., Affymetrix, Inc., Thermo Fisher Scientific, Inc., and Union Biometrica, Inc. Ask for Sample Report at: https://www.reportsanddata.com/sample-enquiry-form/929
Further key findings from the report suggest:
Dietary Supplements Market Size, Share & Analysis By Product Type, By Raw Material, By Crop Type, And By Region, Segment Forecasts To 2028, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/dietary-supplements-market
For the purpose of this report, Reports and Data has segmented the global Dietary Supplements market on the basis of product type, raw material, crop type, and region:
Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018–2028)
Non-biodegradable Dietary Supplements
Biodegradable Dietary Supplements
Raw Material Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018–2028)
Crop Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018–2028)
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By Region (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics Chapter 4. Dietary Supplements Segmentation & Impact Analysis 4.1. Dietary Supplements Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. Rapid Growth in the Geriatric Population 4.2.2.2. Rising Innovation in Dietary Supplements Products 4.2.2.3. Increased Incidence of Diabetes & Associated Chronic Wounds 4.2.3. Market restraints analysis 4.2.3.1. High cost of products for Dietary Supplements 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis
Chapter 5. Dietary Supplements Market By Product Type Insights & Trends 5.1. Product Type Dynamics & Market Share, 2020 & 2027 5.2. Moist Wound Dressings
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