What is Wellness Supplements Market Scope?
Wellness supplements includes different types of dietary supplements, foods and beverages that are essential for maintaining fit and healthy life. These Supplements contain all the minerals in ample amount to meet the daily requirement of the human body. Food supplement contains Calcium, Vitamin D, Folic Acid and Vitamin B12, which are essential to complete a proper diet. These Food supplements are beneficial for pregnant women because they contain folic acid in ample amount which is an essential requirement for them. Pregnant or breastfeeding women should probably take multiple doses of these supplements but only by consulting health care providers. Wellness supplements are also beneficial for people on prolonged, restrictive weight-loss diets or other special diets, as they are high source of nutrients, proteins and vitamins. Single spoon of supplement powder contains 38 veggies, fruits, herbs, vitamins and more.
Wellness Supplements Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing awareness regarding Healthy Lifestyles
- Increment in count of Aging Population
- Inclination From Care to Preventive Health products
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Influencing Trends | - Inclination towards weight management habits
- Newer Technologies and Natural Products are trending in the market
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Restraints | - High cost
- Regulatory Compliance Issues related to food safety
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Road Blocks / Challenges | - Threat of Counterfeit Dietary Supplements
- Consumer Distrust Stemming From Misleading Marketing Activities
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Gaps & Opportunities | - Increasing Potential due to Emerging Markets
- Improvement in standard of living due high disposable income
- Growing Incidences of Health Disorders
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The Wellness Supplements market study is being classified by Type (Dietary Supplements(Vitamin, Mineral, Protein, Herbal), Functional/Fortified Food & Beverages, Food Intolerance (Gluten-Free, Lactose-Free) and Dermo-Cosmetic Skin Essentials (Anti-Acne)), by Application and major geographies with country level break-up.
Key players are targeting niche product segments and are aiming at implementing novel techniques to differentiate their products and gain an edge over competitors, which renders the market highly competitive. Companies are also adopting acquisitions and partnerships as their key growth strategies to improve their product offerings, increase their profitability, & consolidate their presence in this highly fragmented arena. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Wellness Supplements market throughout the predicted period.
Nestle S.A. (Switzerland), Abbott Laboratories (United States), Amway (United States), Otsuka Holdings Co., Ltd. (Japan), Herbalife Ltd. (United States), Archer Daniels Midland Company (United States), Glanbia plc (Ireland), NBTY, Inc. (United States), GNC Holdings Inc. (United States) and Nu Skin Enterprises, Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Grupo Omnilife (Mexico), Forever Living (United States), Pola, Inc. (Japan), Shaklee Corporation (United States) and Usana Health Sciences Inc. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Wellness Supplements market by Type, Application and Region.
On the basis of geography, the market of Wellness Supplements 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). North America region hold largest market share in the year 2021.
In 2021, Herbalife Nutrition has expanded its functional food collection with a baking mix based on Formula 1 Shake Powder. and In 2020, Abbott Laboratories has announced the launch of a Strawberry Flavored Food Supplement in India to strengthen or improve the company's dietary supplement portfolio.
Key Target Audience
Manufacturer, Raw material suppliers, Distributors/Traders/Wholesalers, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations
Wellness Supplements Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Wellness Supplements Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Wellness Supplements industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.