Dietary Supplements Market worth USD 268.66 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the " Dietary Supplements Market By Ingredient (Botanicals, Minerals, Vitamins, Proteins & Amino Acids, Enzymes and Others), By Product (Tablets, Capsules, Powder, Liquid, Soft gels and Others), By Application, By Distribution Channel, By Target Consumer, By Region – Global Share and Forecast to 2030

According to the Market Statsville Group (MSG), the global Dietary Supplements market size is expected to grow from USD 144.911 billion in 2021 to USD 268.66 billion by 2030, at a CAGR of 7.1% from 2022 to 2030.

The dietary supplements market consists of sales of dietary supplements services by entities (organizations, sole traders, and partnerships) that help individuals to improve health with the help of dietary nutrient that supplements the body and increase the nutritional value. Dietary supplements offer a variety of product such as calorie supplements, vitamins, and minerals supplements in the form of tablets, protein supplements, capsules, powder, liquids, and others. There are many types of dietary supplements provided by the company such as vitamin A, vitamin D, vitamin E, vitamin K and many more.

The rise in number of online shopping and increase in internet penetration will boost the demand for dietary supplements as online shopping is more convenient as compared to going to market at any store. The people are involved more in online shopping due to comparative pricing, website availability, low pricing & discount offers, time saving, no crowd and safe payment.

Global Dietary Supplements Market Segmentation

The overall dietary supplements market has been segmented into equipment, service, indication, and region.

• By Ingredient (Botanicals, Minerals, Vitamins, Proteins & Amino Acids, Enzymes, Others)
• By Product (Tablets, Capsules, Powder, Liquid, Soft gels, Others)
• By Application (Additional Supplements, Medicinal Supplements, Sports Supplements)
• By Distribution Channel (Pharmacies & Drug Stores, Supermarkets & Hypermarkets, Online Channels, Others)
• By Target Consumer (Infant, Children, Adults, Pregnant women, Elderly)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Additional supplements segment will account the largest market share during the forecast period

Additional supplements segment is expected to dominate the market for the forecasting period due to high popularity of specialty supplements such as vitamins and minerals among the fitness freak and gym freak population all around the world. Dietary supplements (DSs) among gym users and gym instructors involved in body shaping-oriented fitness training. Sports supplements are considered dietary supplements. Dietary supplements are products taken by mouth to support the diet. Dietary supplements do not need any Drug Administration approval before they are sold. By these reasons additional supplements segment will account the largest share for the forecasting period in all around the globe.

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The North America to account for the largest market share during the forecast period

North America is projected to be the largest market during the forecast period. This is attributed to the widespread consumption of nutritional food and dietary supplements in the US and Canada. Increasing spending on the rising geriatric population, healthcare products, rising interest in preventive healthcare, and growing interest in maintaining good wellness through dietary supplement. Increase in per capital income and increase in standard of living among the people of this region are expected to augment market growth over the forecast period in this region.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the dietary supplements market. It also consists of the profiles of leading companies such as Pfizer Inc, Amway (Nutrilite), Bayer AG, Abbott Laboratories, GlaxoSmithKline, Arkopharma Laboratoires Pharmaceutiques, Glanbia, Carlyle Group, Youtheory, Unilever, Archer Daniels Midland, Herbalife International and others. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.

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Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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