Sarasota, FL, Jan. 11, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Dietary Supplements Market by Ingredients (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes) for Additional Supplements, Medicinal Supplements, and Sports Nutrition Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global dietary supplements market valued at USD 132.8 billion in 2016 and is expected to reach USD 220.3 billion in 2022 and is anticipated to grow at a CAGR of 8.8% between 2017 and 2022.
Mineral and vitamin supplements are types of dietary supplements containing micronutrients intended to help a human body function smoothly and enhance mental health. Botanical or herbal supplements are dietary supplements that are used for medicinal purpose. Botanical dietary supplements usually support a particular area of the body’s health, such as the skin, liver, and bone.
Browse through 29 Market Tables and 35 Figures spread over 110 Pages and in-depth TOC on “Global Dietary Supplements Market: By Type, Application, Size, Share, Trends, Analysis, Segment and Forecast 2016 – 2022”.
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The global dietary supplements market is primarily driven by increased consumer awareness for preventative healthcare along with aging population. Growing influence of media development in the pharmaceutical and retail industries and rapid advancements in dietary supplement product are some of the factors impacting the dietary supplement market growth. However, negative publicity and fake product claims are expected to hamper the overall growth of the market in the forecast period.
Moreover, lack of awareness about consumption dosage of the dietary supplements may hinder the market growth.
On the basis of application, the global dietary supplements market is classified into an additional supplement, medicinal supplement, sports nutrition applications. Among all segments, additional supplements the largest application segment of dietary supplements market in 2016. Sports nutrition segment is also expected to be one of the fastest growing segments dietary supplements market owing to increasing number of health clubs and fitness centers. By ingredient type dietary supplements is divided into botanicals, vitamins, minerals, amino acids, enzymes. Vitamin supplement was used extensively and accounting for around 42% of global market share in 2016.
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Asia-Pacific was the largest market for dietary supplements globally in 2016. Consumer awareness about the benefits of dietary supplements and extensive product availability are the major drivers for the market in Asia Pacific. Furthermore, the increase in disposable income is expected to boost the market in the region. Moreover, the increase in awareness about the need for proactive personal healthcare practices in this region is driving the market growth. Asia pacific is also the leading market for vitamin supplements products.
North America accounted for around 28% of the total market in 2016 and is projected to witness growth on account of increasing consumption of products with reduced calorie level and high nutritional content. An increasing number of aged people in the region is leading to a rise in demand for dietary supplements. Moreover, the high risk of life-threatening diseases and protection of health in elderly people have been the chief health concerns which lead to increased spending on dietary supplement products in this region.
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In 2016, Europe was one of the leading markets for dietary supplement products. Recently, European consumers are showing great interest in healthy lifestyles which in turn drives the consumption of healthy food. In Europe, Western Europe is the leading market for dietary supplement products and has higher future growth potential. Rising aging population, increasing lifestyle diseases, and growing healthcare costs are some of the significant factors driving the growth of the dietary supplements market in Europe.
Latin America is expected to be the future market for dietary supplements market. Rising urban population, modernizing retail channels, and rising middle-class consumer income witnesses new growth opportunities during the forecast period. Brazil is seen as the lucrative market with the high potential for dietary supplements market. Latin America is anticipated to show decent growth in the dietary supplements market in upcoming years.
The Middle East and Africa represent a region with a huge potential for dietary supplements in future. Improving economic activity expected to boost the dietary supplements market in the region.
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Some of the key manufacturers of global dietary supplements market include Amway, Integrated BioPharma, Inc., NBTY, Inc., Herbalife Ltd., Omega Protein Corporation, Nu Skin Enterprises, Inc., Bayer AG, Naturalife Asia Co., Ltd., Nu Skin Enterprises, Inc., Blackmores Ltd., BASF SE, Epax AS, Surya Herbal Ltd., Koninklijke DSM N.V., Bio-Botanica Inc., The Himalaya Drug Company, Ricola AG, Pharmavite LLC, Blackmores Ltd., and Axellus AS among others.
This report segments the dietary supplements market as follows:
Dietary Supplements Market: Ingredient Analysis
Dietary Supplements Market: Application Analysis
Dietary Supplements Market: Regional Analysis
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