Market Snapshot:
Getting adequate nutrition at an older age can be difficult for people. In today’s time, two-third of older adults are taking health supplements to keep bone strong, red blood cells and nerves healthy, and reduce the risk of diseases. Increasing bone health issues in the aging population are the major growth driver for the market as the skin becomes less efficient to produce vitamin D from sunlight. Other than Vitamin D, vitamin B6 and vitamin B12 is the commonly recommended supplements for aging people as it helps to form red blood cells and protects nerves systems.
Highlights from Older Adults Health Supplement Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Bayer AG (Germany), Nestle (Switzerland), Amway Corporation (United States), Muscleblaze (India), The Himalayan Organics (India), Nutra Helthcare (India), Herbalife Nutrition (United States) and GNC (United States).
Geographic Breakdown and Segment Analysis
The Global Older Adults Health Supplement market presents a comprehensive analysis of the Older Adults Health Supplement market by product type (Tablets, Capsules, Powders, Liquids and Energy Bars), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Older Adults Health Supplement industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Older Adults Health Supplement market
Analyst at AMA have segmented the market study of Global Older Adults Health Supplement market by Type, Application and Region.
Influencing Trend:
Growing Popularity of Vegan Health Supplements
Market Growth Drivers:
Growing Aging Adult Population Across the Globe Will Drive the Market and Increased Adoption of Vitamin D Supplements to Support Skeletal Health
Challenges:
Adverse Effect on Health Due to High Consumption of Health Supplements
Restraints:
High Cost of Health Supplements and Less Acceptance in the Rural Areas
Opportunities:
Rapidly Increasing Health & Fitness Centers Across the Globe
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Old Adults Health Supplement Manufacturers, Suppliers and Distributors of Old Adults Health Supplement, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others