Global OTC Vitamins and Minerals Dietary Supplement- Market Overview:
Dietary supplements are products designed to give you nutrients that might be missing from your diet. They are usually taken as tablets, capsules or powders, or as a liquid drink.Dietary supplements include vitamins, minerals, herbs, amino acids, enzymes, fiber, and other substances that may be supplemented, or added to a diet, in order to complete dietary needs or to make up for a nutrition deficiency they are not intended to replace a healthy diet. Dietary supplements may be found in many forms, including pills, capsules, powders, drinks, gels, or energy bars. Supplement use can also be considered a type of complementary or alternative medicine (CAM).
As per latest study released by AMA Research, the Global OTC Vitamins and Minerals Dietary Supplement- market is expected to see growth rate of 16.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
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 |
Influencing Trend:
The demand for supplements that support immune health, bone strength, and cognitive function is on the rise and Growing Health Awareness
Market Growth Drivers:
Increase In geriatric population and Growing awareness of lifestyle
Challenges:
Growth factors are proteins that play a crucial role in cell development, growth, and repair and The stimulate cellular activities, such as proliferation and differentiation
Restraints:
OTC supplements can be costly
Competitive Landscape:
Some of the key players profiled in the report are Koninklijke DSM N.V.(Netherlands), Reckitt Benckiser (United Kingdom), Otsuka Holdings (Japan), CSPC Pharmaceutical Group (China), Sanofi (France), Atrium Innovations (Canada), DuPont (United States), Bactolac Pharmaceutical (United States), Dil Limited (India), GlaxoSmithKline (United Kingdom), Pfizer (United States) and Lonza Group (Switzerland). Additionally, following companies can also be profiled that are part of our coverage like Johnson and Johnson (United States), Merck and Co.(United States), Roche Holding AG (Switzerland), Abbott Laboratories. (United States), Allergan (Ireland) and AstraZeneca PLC (United Kingdom). Analyst at AMA Research see United States Players to retain maximum share of Global OTC Vitamins and Minerals Dietary Supplement- market by 2030. Considering Market by Distributional Channel, the sub-segment i.e. Pharmacies will boost the OTC Vitamins and Minerals Dietary Supplement- market. Considering Market by OTC channel, the sub-segment i.e. Pharmacies will boost the OTC Vitamins and Minerals Dietary Supplement- market. Considering Market by Function , the sub-segment i.e. Immune health will boost the OTC Vitamins and Minerals Dietary Supplement- market. Considering Market by Form Type, the sub-segment i.e. Tablets will boost the OTC Vitamins and Minerals Dietary Supplement- market.
Latest Market Insights:
In July 2023, Sanofi announces today it has entered into a definitive agreement to acquire ownership of Qunol, a U.S.-based, market-leading brand in health & wellness. This transaction will strengthen Sanofi’s Consumer Healthcare’s Vitamin, Mineral and Supplements category, one of the largest and fastest-growing consumer health categories in the U.S., focusing on the active ‘healthy aging’ segment.
In January 2021, Abbott a global leader in science-based nutrition, announced the launch of its new PROTALITY brand. The high-protein nutrition shake is the first product in this line to support the growing number of adults interested in pursuing weight loss while maintaining muscle mass and good nutrition
What Can be Explored with the OTC Vitamins and Minerals Dietary Supplement- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global OTC Vitamins and Minerals Dietary Supplement- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in OTC Vitamins and Minerals Dietary Supplement-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global OTC Vitamins and Minerals Dietary Supplement- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in OTC Vitamins and Minerals Dietary Supplement- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers, Suppliers, Distributers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.