Vitamins and Supplements Market: A View of the Current State and Future Outlook

Abstract

The Vitamins and Supplements Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Vitamins and Supplements Market. The report offers in-depth research and assessment of the key elements of the global Vitamins and Supplements Market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Vitamins and Supplements Market.

The vitamins and supplements market size reached USD 108.4 Billion in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period. Shift in consumer preferences due to increasing focus on health and prevention and rising prevalence of chronic diseases are some key factors projected to support market revenue growth between 2022 and 2030.

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In addition, increasing awareness among consumers regarding their health is another factor driving revenue growth of the market. Different types of products are increasingly being used for vitamins and supplements. Food and nutrition sectors have evolved to provide customers with a more tailored experience and make up for dietary loss through supplemental nutrition. In addition, rising prevalence of chronic diseases is another factor increasing demand for vitamins and supplements. The World Health Organization estimates that in 2021, prevalence of chronic diseases was around 57%. This indicates that over 50% of people worldwide have a chronic illness, with cancer, diabetes, and disorders of heart and lungs being the most prevalent. Every day, a range of vitamins, minerals, and nutrients are required to maintain good health and, more significantly, a strong immune system that fights off chronic diseases.

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Some major companies operating in the global market include Herbalife International of America, Inc., Archer-Daniels Midland Company, Amway Corporation, Pfizer, Inc., Abbott, Nestle S.A., Nutrition and Biosciences (DuPont de Nemours, Inc.), Bayer AG, Glanbia PLC, and Arkopharma.

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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.

Emergen Research has segmented the vitamins and supplements based on ingredient, form, application, end-users, type, distribution channel, and region:

Ingredient Outlook (Revenue, USD Billion, 2019 - 2030)
- Vitamins
- Supplements

Form Outlook (Revenue, USD Billion, 2019 - 2030)
- Tablets
- Capsules
- Soft Gels
- Powders
- Gummies
- Liquids

Application Outlook (Revenue, USD Billion, 2019 - 2030)
- Immunity
- Brain/Mental Health
- Bone & Joint Health
- Menopause
- Metabolic Health
- Beauty Care
- Digestive & Microbiome Health
- Others

End-Users Outlook (Revenue, USD Billion, 2019 - 2030)
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants

Type Outlook (Revenue, USD Billion, 2019 - 2030)
- OTC
- Prescribed

Distribution Channel Outlook (Revenue, USD Billion, 2019 - 2030)
- Offline
- Online

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Key Benefits For Stakeholders:

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A comprehensive analysis of the geographical landscape provides detailed information about various regions across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report offers a competitive landscape of the minimally invasive surgical systems market to assist players to gain insights into the competition scenario. Key companies operating in the market are profiled to provide valuable insights.

Regional Outlook of Ed-Tech and Smart Classroom Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

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Keywords:

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How to cite

J. Shar, Vitamins and Supplements Market: A View of the Current State and Future Outlook, Janna Shar's personal collection (2023). 2 URL https://www.scipedia.com/public/Shar_2023b

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Keywords

Ingredient Outlook (Revenue, USD Billion, 2019 - 2030)

Form Outlook (Revenue, USD Billion, 2019 - 2030)

Application Outlook (Revenue, USD Billion, 2019 - 2030)

End-Users Outlook (Revenue, USD Billion, 2019 - 2030)

Type Outlook (Revenue, USD Billion, 2019 - 2030)

Distribution Channel Outlook (Revenue, USD Billion, 2019 - 2030)