Nutrition & Dietary Supplements Market Insights:
The Nutrition & Dietary Supplements Market size was valued at USD 232.2 Billion in 2022, expecting a CAGR of 10.9% during the forecast period (2023-2030), and the market is projected to be worth USD 531.27 Billion by 2030.
The increased adoption of Nutrition & Dietary Supplements in the Pharmaceuticals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Nutrition & Dietary Supplements also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Nutrition & Dietary Supplements in many sectors also boosts the market growth during the forecast period.
The nutrition and dietary supplements market refers to the global market for products used to supplement the diet and provide additional nutrients to support overall health and wellness. These products include vitamins, minerals, herbal supplements, sports nutrition products, and other dietary supplements. The market includes products sold through a variety of channels, including retail stores, online retailers, and healthcare providers. The market is driven by consumer demand for products that can help support overall health and wellness, as well as by the growing prevalence of chronic diseases such as obesity and diabetes worldwide.
Nutrition & Dietary Supplements Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Functions (Medical Foods, Sports Nutrition, Additional Supplements), By Formulations (Tablets, Capsules, Liquid, Powder, Soft Gel, Others), By Consumers (Infant, Children, Adult, Pregnant, Geriatric), and companies (Herbalife, Bayer AG, Pfizer, Inc., Merck KGaA, Cargill, General Mills, Inc., Royal DSM N.V, BASF SE, Groupe Danone S.A, and Ancher Daniels Midland Company), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.9%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||531.27 Billion|
|By Functions||Medical Foods, Sports Nutrition, Additional Supplements|
|Tablets, Capsules, Liquid, Powder, Soft Gel, Others|
|By Consumers||Infant, Children, Adult, Pregnant, Geriatric|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Herbalife, Bayer AG, Pfizer, Inc., Merck KGaA, Cargill, General Mills, Inc., Royal DSM N.V, BASF SE, Groupe Danone S.A, and Ancher Daniels Midland Company|
The COVID-19 pandemic has had a substantial negative influence on the Nutrition & Dietary Supplements market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Herbalife, Bayer AG, Pfizer, Inc., Merck KGaA, Cargill, General Mills, Inc., Royal DSM N.V, BASF SE, Groupe Danone S.A, and Ancher Daniels Midland Company
Market Segment Analysis:
- Medical Foods
- Sports Nutrition
- Additional Supplements
- Functional Foods
- Dietary Supplements
- Amino Acids
- Soft Gel
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Nutrition & Dietary Supplements industries in the region.
Key Nutrition & Dietary Supplements Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Nutrition & Dietary Supplements Market segments.
– Largest Market Share Held by Industry to Industry for Nutrition & Dietary Supplements
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Nutrition & Dietary Supplements Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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