New York, NY, April 12, 2018 (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.
Dietary supplements include vitamins, minerals, herbals, amino acid and various other products. Dietary supplements come in a number of forms such as capsule, powder, tablets, energy bars, and drinks. Popular dietary supplements include vitamins D and E; minerals like calcium and iron; herbs such as Echinacea and garlic; and specialty products like glucosamine, probiotics, and fish oils. Some dietary supplements are beneficial for overall health. For instance, calcium and vitamin D are important for keeping bones strong and reducing bone loss and folic acid decreases the risk of some birth defects.
Browse through 29 Tables & 35 Figures spread over 110 Pages and in-depth TOC on "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”.
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The worldwide market for dietary supplements is expected to grow at a significant rate owing to raising awareness towards calorie reduction and weight loss. Furthermore, increasing the importance of proteins among consumers in emerging markets including India and China on account of implementation of new marketing campaigns for brand promotions by companies Pfizer and Amway is expected to boost the market within the forecast period. Additionally, increasing the dominance of fitness and sports along with new product launches is likely to have a significant impact on the industry in near future.
Global dietary supplements market has been segmented on the basis of the ingredient, application, and region. On the basis of the ingredient, dietary supplements market is classified into botanicals, vitamins, minerals, amino acids, enzymes. In 2016, vitamin was the largest ingredient segment in the dietary supplement market owing to their ability to be readily excreted by kidneys. Botanical extracts are expected to grow at fast in coming years due to rising prominence of herbs for the prevention of physical as well as mental disorders in the human body.
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On the basis of the application, the market is classified into an additional supplement, medicinal supplement, sports nutrition applications. Additional supplements held the largest market share in 2016 owing to raising awareness towards weight loss and maintenance of a healthy lifestyle among adults and old-aged people in emerging countries. Sports nutrition application segment also registers a considerable growth in the forecast period. Growing demand for energy drinks prepared with egg and whey protein among sports professionals is expected to augment dietary supplements consumption over the next few years.
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 the 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. The Asia Pacific is also the leading market for vitamin supplements products.
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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. 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.
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.
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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.
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.
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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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