Farmington, April 07, 2023 (GLOBE NEWSWIRE) -- The Global Health Supplements Market Size Was Valued At USD 140.3 Billion In 2022 And Is Expected To Grow USD 620.8 Billion With A CAGR Of 8.6% From 2022 To 2030. The global health supplement market is for dietary supplements, which are products that are meant to add to a person's diet and give them nutrients they may be missing. These supplements can be in different forms, like pills, capsules, powders, or liquids.
In the past few years, the global market for health supplements has grown steadily. This is because people are becoming more aware of their health and are becoming more interested in preventive health care.
Vitamins, minerals, amino acids, botanicals, and probiotics are some of the most popular types of supplements on the market. Also, there is a growing need for supplements that help with specific health problems, like supporting the immune system, keeping your brain healthy, and keeping your digestive system healthy.
But it's important to remember that health supplements can give you important nutrients, but they shouldn't be used instead of a healthy, well-balanced diet. Before taking any supplements, you should always talk to a doctor or nurse, especially if you have a medical condition or are taking medication.
Request Sample Copy of Report “Health Supplement Market Size, Share & Trends Estimation Report By Ingredient Outlook (Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids & Others), By Form Outlook (Tablets, Capsules, Soft gels, Powders, Gummies, Liquids & Others), By Application Outlook (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes & Others), By Region, And Segment Forecasts, 2023 - 2030”, published by Contrive Datum Insights.
Segmentation Overview:
Ingredient Insights:
The global market for health supplements is growing quickly. This is because more people are learning about the benefits of dietary supplements and more people are interested in taking steps to stay healthy. The key part of this market to look at is the ingredient outlook segment, which is made up of all the different ingredients used in health supplements.
As people become more interested in personalized health and wellness solutions, the health supplement market is likely to keep putting a lot of attention on ingredient outlook. Manufacturers will keep looking for new combinations of ingredients and ways to deliver them to meet the changing needs and tastes of consumers. But it's important to remember that the FDA and other regulatory bodies keep a close eye on the health supplement market, so companies must make sure their products meet strict safety and effectiveness standards.
Distribution Channel Insights:
As the market for health supplements around the world continues to grow, manufacturers and retailers are likely to continue to put a lot of thought into how to get their products to customers. Manufacturers need to have a strong distribution strategy that takes into account the preferences and needs of different consumer segments as well as the regulatory landscape in different regions. Also, retailers should keep coming up with new ideas and changing how they do business to meet the changing needs of customers. For example, they could offer personalized advice and support or use the latest technologies to make shopping more fun.
End User Insights:
By looking at the end user outlook segment, companies can find out what specific needs and concerns different groups of customers have and then make products that meet those needs. It can also help businesses find new ways to grow in the market.
Regional Outlook:
The largest market for health supplements is North America. There are more than 35% of all sales. People know a lot about the benefits of dietary supplements, and there are established ways to get them and good rules about how they can be used. In the US, for example, the Dietary Supplement Health and Education Act of 1994 (DSHEA) regulates dietary supplements as food, not as medicine. This makes it easier for people to sell them.
In other places, like Latin America and the Middle East, the health supplement market is also growing. This is happening because of things like the growth of online shopping and the fact that more people are learning how to stay healthy.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 8.6% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 620.8 Billion |
| By Ingredient | Vitamins, Botanicals, Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids, Others |
| By Form | Tablets, Capsules, Soft gels, Powders, Gummies, Liquids, Other |
| By Application | Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Lungs Detox/Cleanse, Skin/Hair/Nails, Sexual Health, Brain/Mental Health, Insomnia, Menopause, Anti-aging, Prenatal Health, Others |
| By End-user | Adults, Geriatric, Pregnant Women, Children, Infants, Others |
| By Type | OTC, Prescribed, Others |
| By Distribution Channel | Hypermarkets/Supermarkets, Pharmacies, Specialty Stores, Practioner, Others |
| By Companies | Amway Corp., Glanbia PLC, Abbott, Bayer AG, Pfizer Inc., ADM, Nu Skin Enterprises, Inc., GlaxoSmithKline plc, Bionova, Ayanda, Arkopharma, Herbalife International of America, Inc., Nature’s Sunshine Products, Inc. |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Market Dynamics:
Latest Trends:
Increasing awareness and interest in health and wellness: As people become more aware of their health and well-being, they are more likely to look for dietary supplements to improve their nutrition and support their overall health.
Growing aging population: People who are getting older are more likely to have health problems that come with getting older, and they may turn to supplements to keep their health and quality of life up.
Busy and stressful lifestyle: Modern life is often full of stress and busyness, which makes people make bad food choices and rely more on dietary supplements to stay healthy.
Rise in chronic diseases: Many people take supplements to treat or prevent chronic diseases like obesity, diabetes, and heart disease because they are so common.
Restraining Factors:
Negative publicity: Concerns about the safety and effectiveness of some supplements have led to bad press for the health supplement business in the past. This can make people think badly of the industry and reduce demand from customers.
Pricing pressures: Health supplements can be expensive, which can make it hard for some people to buy them or get their hands on them. Also, competitors and discount stores can put pressure on prices, which can cut into manufacturers' profit margins.
Cultural and regional differences: Culture and location can affect how much people want to buy health supplements. For example, herbs and supplements have been used in traditional Chinese medicine and Ayurveda for a long time, while people in the West may be more sceptical of these products. In the same way, some areas may not have easy access to supplements because of problems with distribution or rules.
Opportunity Analysis:
Growing aging population: The number of older people in the world is growing, and this group is more likely to use health supplements. So, there is a chance for companies that make health supplements to make products that meet the unique health needs of older people.
Plant-based and natural ingredients: Concerns about how animal-based products affect the environment and the health benefits of plant-based diets are driving up the demand for plant-based and natural ingredients. There is a chance for companies that make health supplements to make products with natural and sustainable ingredients and promote the health benefits of these ingredients.
Key Segments Covered:
Top Market Players:
Amway Corp., Glanbia PLC, Abbott, Bayer AG, Pfizer Inc., ADM, Nu Skin Enterprises, Inc., GlaxoSmithKline plc, Bionova, Ayanda, Arkopharma, Herbalife International of America, Inc., Nature’s Sunshine Products, Inc., and others.
By Ingredient
- Vitamins
- Botanicals
- Minerals
- Proteins & Amino Acids
- Fibers & Specialty Carbohydrates
- Omega Fatty Acids
- Others
By Form
- Tablets
- Capsules
- Soft gels
- Powders
- Gummies
- Liquids
- Others
By Application
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Immunity
- Cardiac Health
- Diabetes
- Anti-cancer
- Lungs Detox/Cleanse
- Skin/Hair/Nails
- Sexual Health
- Brain/Mental Health
- Insomnia
- Menopause
- Anti-aging
- Prenatal Health
- Others
By End-user
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
By Type
- OTC
- Prescribed
By Distribution Channel
- Offline
-
- Hypermarkets/Supermarkets
- Pharmacies
- Specialty Stores
- Practioner
- Others
- Online
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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