Global Dietary SupplementsMarket is expected to reach
USD 278.02 billion by 2024, according to a new report by Grand View
Research, Inc. Favorable outlook towards medical nutrition market in light of
increasing application for the treatment of malnutrition and cardiovascular
disorders is likely to promote the market for dietary supplements.
Rising sales of
sports nutrition products in the U.S. and China on account of increasing
prevalence of fitness and sports at a domestic level along with new product
launches is likely to have a significant impact on the industry over the
projected period. The market is expected to generate revenues worth USD 37.16
billion by 2024.
Rising
consumption of clinical nutrition products as a prevention medium for reducing
malnutrition is expected to have a substantial impact. Furthermore, increasing
prevalence of premature births on a global level is expected to promote the use
of medicinal supplements over the forecast period. The market was worth USD
19.17 billion in 2015 and is projected to witness growth at a CAGR of 9.5% from
2016 to 2024.
Full
Research Report on Global Dietary Supplements Market Analysis:
Further
key findings from the report suggest:
- The market for dietary supplement
capsules was valued at USD 26.42 billion in 2015. The increasing use of
omega-3 fatty acids in the formulation of dietary supplement capsules is
expected to have a positive impact over the forecast period.
- Amino acid-based dietary
supplements accounted for 14.3% of the market share in 2015 and is
projected to witness significant growth on account of increasing protein
intake by bodybuilders and sports athletes
- Gel caps and soft gels together
accounted for 13.2% of the overall market in 2015. These products are
expected to witness growth on account of their increasing application in
confectionaries including chocolates, candies, and desserts.
- Asia Pacific is projected to growth
at a CAGR of 11.2% from 2016 to 2024. Rising sales of green juice, royal
jelly, blueberries, chlorella, and black vinegar in Japan owing to
increasing awareness towards natural products is expected to promote the
use of nutritional supplements over the forecast period.
- North America accounted for 28.5%
of the total market in 2015 and is projected to witness growth on account
of increasing consumption of products with reduced calorie level and high
nutritional content
- Key participants include Amway
Corporation, Pfizer Pharmaceuticals, Abbott Laboratories, Herbalife
International, ADM, DuPont, and Carlyle Group. In April 2016, Amway Inc.
launched a new sports nutrition energy drink under the brand name, XS
Sports Nutrition line. This type of product innovation is expected to
force manufacturers to develop new products over the next eight years.
View more reports of this category by
Grand View Research at: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the
Global Dietary Supplements Market by ingredient, product, application, end-use
and region:
Ingredient
Outlook (Revenue, USD Million, 2013 - 2024)
- Botanicals
- Vitamins
- Minerals
- Amino Acids
- Enzymes
- Others
Product
Outlook (Revenue, USD Million, 2013 - 2024)
- Tablets
- Capsules
- Powder
- Liquids
- Soft Gels
- Gel Caps
Application
Outlook (Revenue, USD Million, 2013 - 2024)
- Additional Supplements
- Medicinal Supplements
- Sports Nutrition
End-use
Outlook (Revenue, USD Million, 2013 - 2024)
- Infant
- Children
- Adults
- Pregnant Women
- Old-aged
Regional
Outlook (Revenue, USD Million, 2013 - 2024)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East & Africa (MEA)
- South Africa
View press
release of this research report by Grand View Research:
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com
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