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 research report on Dietary
Supplements Market: 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- Middle
East & Africa (MEA)
- South
Africa
Access 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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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