Global Dietary Supplements Ingredients Market Overview:
Dietary Supplements are product which intend to provide additional nutrition or health benefits on its consumption either in the form of pills, capsules, powder or liquid. The ingredients used to manufacture this dietary supplements are as important as the finished product itself, as the ingredients too are compliant of strict regulatory framework. This ingredients such as Octopamine, Andarine, cesium chloride among others add certain nutrient output to the finished products. The increased health consciousness among people, rising disposable income and change in life style can be attributed to the growth of the dietary supplements ingredients market. Geographically, North America is the most dominant market, accounting for largest share. Some of the players profiled in the study are Bayer (Germany), Amway (United States), Pfizer (United States), Herbalife Nutrition (United States), Anona GmBH (Germany), GlaxoSmithKline (United Kingdom), Plantafood Medical GmBH (Germany), Bionova Lifesciences (India), Nature’s Sunshine Products (United States) and Abbott Laboratories (United States).
On the basis of geography, the market of Dietary Supplements Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Dietary Supplements Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid will boost the Dietary Supplements Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase in Health Consciousness among Masses
- Rising Disposable Income
Influencing Trend
- Sports and Medicinal Supplements account for Most Market Share
Restraints
- Stringent Regulations on Nutraceutical Ingredients and Products
Opportunities
- Higher Age Groups are expected to be Largest Consumer Base of Nutraceutical Products
Challenges
- Health Side Effects Associated with Supplements
- Suspicion about Nutraceutical Products in Consumers
Key Market Developments:
In 2020, Unilever, British multinational FMCG Company has announced signing of agreement with SmartyPants Vitamins, Inc., for acquisition of SmartyPants. Established in United States, SmartyPants is fast growing supplements manufacturer, famous for its gummies. The acquisition, thus compliments Unilever’s existing brands under its functional nutrition and supplements business.
Target Audience:
Dietary Supplements Ingredients Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Dietary Supplements Ingredients market on the basis of product [Andarine, Higenamine, Octopamine, Sodium Tetrachloroaurate, Cesium Chloride and Others] , application [Additional Supplements, Medicinal Supplements and Sports Nutrition], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Dietary Supplements Ingredients market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Dietary Supplements Ingredients industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Danisco (Denmark), Nutraceutics (United States) and Arkopharma Laboratories (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Dietary Supplements Ingredients market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.