Research
Nester released a report titled “Dietary
Supplements Market: Global Demand Analysis & Opportunity Outlook 2028” which
delivers detailed overview of the global dietary supplements market in terms of
market segmentation by source, by supplement, by form, by application, by end
user, by distribution channel and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
The market
for dietary supplements is projected to grow at a significant CAGR of 6.78%
over the forecast period, i.e., 2021-2028. Further, the global dietary
supplements market accounted for a market value of USD 67,218.23 million in
2019 and is anticipated to grow further by 2028. Dietary supplements consist of
essential nutrients in various dosage forms that can be taken to improve the
nutrient deficiency as well as enhance the normal body functions. The market is
segmented by source, by supplement, by form, by application, by end user, by
distribution channel and by region. On the basis of application, the market for
dietary supplements is segmented into bone & joint fitness, immune
boosters, cardiovascular health, mental health, cholesterol lowering, digestive
support and others. The immune boosters segment held the largest market in 2019
and it is projected to reach a value of USD 44,272.96 million by 2028. This can
be attributed to the rising adoption of efficient immunization methods for
children which are estimated to increase the demand for products offering
immune support.
“The Final Report will cover
the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Download/Request Sample Copy of Strategic Report: https://www.researchnester.com/sample-request-2481
On the
basis of region, the market for dietary supplements is segmented into North
America, Europe, Asia Pacific, Latin America and Middle East & Africa. The
market in North America is projected to hold the leading share with a share of
33.64% in 2018 which is estimated to grow further by the end of 2028 owing to
rising concerns regarding cardiovascular diseases among working professionals on
account of irregular and unhealthy dieting patterns. The market in Europe
attained a market size of USD 17,342.30 million in the year 2019 and is anticipated
to grow further by 2028 as a result of increasing adoption of botanicals among
the population of European countries such as Germany, UK, & France.
Rising Health-Conscious Consumer Base to Drive the Market
Growth
Growing
health concerns, growth of key demographics, rising urbanization, and
increasing consumer desire to lead a healthy life and avoid dependence on
synthetic drugs are major factors estimated to drive the growth of the dietary
supplements market. In addition to this, consumers are increasingly becoming
conscious of balanced nutrition and preventive healthcare. However, increasing
regulations and complicated testing regimes on dietary supplements act as a
restraining factor for the major players operating in dietary supplements
market.
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-2481
This
report also provides the existing competitive scenario of some of the key
players of the global dietary
supplements market which
includes company profiling of Abbott,
Amway, Bayer, Otsuka, Pfizer Inc., GlaxoSmithKline plc, Herbalife International
of America, Inc., NuSkin Enterprises, Arkopharma, Nature’s Bounty and others.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global dietary supplements market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
Browse
Complete Summary of this report @ https://www.researchnester.com/reports/dietary-supplements-market/2481
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.
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