Dublin, Dec. 30, 2021 (GLOBE NEWSWIRE) -- The "Vitamin Supplements Market Size, Share & Trends Analysis Report By Type (Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K), By Form, By Distribution Channel, And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global vitamin supplements market size is expected to reach USD 71.37 billion by 2028. It is expected to expand at a CAGR of 6.2% from 2021 to 2028.
The market is predominantly driven by the growing awareness regarding the nutrition intake associated with health.
The nutraceutical industry is an evolving and dynamic sector, which offers novel opportunities to collaborate scientific discovery with the growing consumer interest in health-enhancing foods. It tracks and monitors consumer trends and relationships with mass distributors, thus the products developed in this industry are a response to direct demand. It is used to improve health, delay the aging process, prevent chronic diseases, increase life expectancy, and support the structuring and functioning of the body.
Awareness among consumers regarding health and wellness is shifting the trend toward the "Prevention is better than cure" ideology. This has resulted in more consumers relying on nutraceuticals, functional foods, and dietary and vitamin supplements to lead a healthy and disease-free life.
Nutraceuticals including vitamin supplements have received immense focus in the recent past owing to their nutritional and pharmaceutical benefits along with being safe for consumption without significant side effects. This has led to an explosive growth of the nutraceutical market across the globe.
Vitamin supplements are widely consumed as nutritional supplements across the world as they are useful in the treatment of various diseases and support overall immunity. The manufacturers operating in the market have witnessed an increase in demand due to the COVID-19 pandemic.
Vitamin Supplements Market Report Highlights
- On the basis of type, the multivitamin segment dominated the market in 2020 with a revenue share of over 40%. This is due to the high demand for a blend of vitamins for the overall improvement of health and wellness
- In terms of form, gummies are expected to expand at the fastest CAGR of 7% from 2021 to 2028. It is a sweet jelly-like form, is easy-to-carry, and offers better taste, good mouth feel, and essential nutrients
- Based on distribution channel, the online segment is expected to expand at the fastest CAGR of 6.9% from 2021 to 2028 as it provides ease of ordering the required supplements directly from the website, along with free shipping and home delivery services
- North America dominated the market with a revenue share of over 30% in 2020. The increasing demand for functional food and health supplements among consumers is a major factor driving the market in the region
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw material trends
3.3.2. Vitamin Supplements
3.3.3. Procurement Best Practices
3.3.4. Manufacturing trends
3.3.5. Vendor Selection Criteria Analysis
3.3.6. Technology overview
3.4. Regulatory Framework
3.5. Vitamin Supplements Market - Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Business Environmental Tools Analysis: Vitamin Supplements Market
3.6.1. Porter's Five Forces Analysis
3.6.2. PESTLE Analysis
3.7. Major Strategic Deals & Alliances
Chapter 4. Vitamin Supplements Market: Type Estimates & Trend Analysis
Chapter 5. Vitamin Supplements Market: Form Estimates & Trend Analysis
Chapter 6. Vitamin Supplements Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Vitamin Supplements Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
8.1. Key Global Players, Their Initiatives, & Its Impact on the Market
8.2. Vendor Landscape
8.3. Company Market Position Analysis
8.4. Company Dashboard Analysis
8.5. Strategic Framework
Chapter 9. Company Profiles
- Glanbia Plc
- Pfizer Inc.
- Bayer AG
- Amway Corp.
- GlaxoSmithKline plc.
- Good Health New Zealand
- The Nature's Bounty Co.
- NOW Foods
- Abbott
- Herbalife Nutrition
- Nature's Sunshine Products, Inc.
- NU SKIN
- RBK Nutraceuticals Pty Ltd.
- American Health, Inc.
- Pharmavite
For more information about this report visit https://www.researchandmarkets.com/r/v4yabs
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