The global dietary supplements market 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.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/dietary-supplements-market
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.
Browse more reports of this category by Grand View
Research: 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
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o UK
o France
o Italy
·
Asia Pacific
o China
o Japan
o India
·
Latin America
o Brazil
·
Middle East & Africa (MEA)
o South Africa
View Press
Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-dietary-supplements-market
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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