NEW YORK, Nov. 1, 2023 /PRNewswire/ —
Dietary supplements market insights –
Technavio has announced its latest market research report titled Global Dietary Supplements Market
Vendors: 15+, including Abbott Laboratories, Amway Corp., Archer Daniels Midland Co., Arkopharma Laboratories, Bayer AG, Carlyle Nutritionals LLC, Glanbia plc, Haleon Plc, Herbalife International of America Inc., Natures Sunshine Products Inc., Natures Way Products LLC, NOW Health Group Inc., Nu Skin Enterprises Inc., NutriGold Inc., Orgenetics Inc., Pfizer Inc., Reckitt Benckiser Group PLC, Sanofi SA, Suntory Holdings Ltd., Otsuka Holdings Co. Ltd, among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Product (Vitamins, Combination, Fatty acids, Probiotics, and Others), Distribution Channel (Offline and Online), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
To understand more about the dietary supplements market, request a sample report
In 2017, the dietary supplements market was valued at USD 96.70 million. From a regional perspective, APAC held the largest market share, valued at USD 45.24 billion. The dietary supplements market size is estimated to grow by USD 61.4 billion from 2022 to 2027 at a CAGR of 8.16% according to Technavio. The market is driven by the increasing adoption of healthy eating habits, rising awareness of preventative healthcare and rising demand for sports supplements
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Dietary supplements market – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –
Key purchase criteria
Adoption rates
Adoption lifecycle
Drivers of price sensitivity
For highlights on customer landscape analysis, download a sample!
Dietary supplements market – Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –
Abbott Laboratories – The company offers pediasure grow and gain therapeutic nutrition shake which is designed as health supplement drink for children 1 to 13 years of age.
Amway Corp. – The company offers vitamin B dual action tablets which is designed as health supplement to fulfill energy requirement in body.
Archer Daniels Midland Co. – The company offers pea protein which is used as source of protein to improve the nutrient content in body.
Bayer AG – The company offers redoxon vitamin C tablet which is used as supplement to boost immune system and also protect body cells from oxidative stress.
Dietary supplements market – Market Dynamics
Major Drivers –
Increasing adoption of healthy eating habits
Raising awareness of preventive healthcare
Rising demand for sports supplements
KEY Challenges –
Consumer distrust stemming from misleading marketing activities
Threat of counterfeit dietary supplements
Challenging regulatory environment
The dietary supplements market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
What are the key data covered in this dietary supplements market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the dietary supplements market between 2023 and 2027
Precise estimation of the size of the dietary supplements market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the dietary supplements market industry across APAC, North America, Europe, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of dietary supplements market vendors
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The vitamins market is estimated to grow at a CAGR of 7% between 2022 and 2027. The size of the market is forecast to increase by USD 29,240.02 million. Technavio categorizes the global vitamins market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market.
Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-User
7 Market Segmentation by Screen Size
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
