Nutritional Supplements Market Scope
Nutritional supplements are any dietary supplement that is intended to provide nutrients that may otherwise not be consumed in sufficient quantities such as vitamins, minerals, proteins, amino acids or other nutritional substances. These supplements can be consumed in capsule, tablet or liquid form. It can provide nutrients either extracted from food sources or synthetic.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Amway (United States), Abbott Laboratories (United States), Arkopharma (France), Bayer (Germany), Glanbia, Plc (Ireland), Pfizer Inc. (United States), BASF SE (Germany), Herbalife Nutrition (United States), Archer Daniels Midland (United States) and The Carlyle Group (United States) |
CAGR | % |
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Nutritional Supplements market throughout the predicted period.
Amway (United States), Abbott Laboratories (United States), Arkopharma (France), Bayer (Germany), Glanbia, Plc (Ireland), Pfizer Inc. (United States), BASF SE (Germany), Herbalife Nutrition (United States), Archer Daniels Midland (United States) and The Carlyle Group (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Nature's Bounty Co. (United States), Nu Skin Enterprises (United States), Ricola AG (Switzerland) and Bio-Botanica Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Nutritional Supplements market by Type , by Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer and Others) and Region with country level break-up.
On the basis of geography, the market of Nutritional 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).
region held largest market share in the year 2023.
On 18th July 2019, Amway India, FMCG direct selling company, launched the enhanced version of the calcium supplement - Nutrilite Cal Mag D Plus. The new calcium supplement provides essential nutrition to support and maintain healthy bones when taken as part of a well-balanced diet. In addition to the calcium from the rich algal source along with calcium carbonate and double the amount of vitamin D that promotes calcium absorption, Nutrilite Cal Mag D Plus also consists of nutrients such as magnesium, manganese, and zinc making it more effective.
Influencing Trend:
Shift Toward Preventive Health Management Practices and Method of Complementary or Alternative Treatment for Health Conditions
Market Growth Drivers:
Rising Prevalence of Chronic Diseases and Increasing Demand from the Athletics and Gym Going People
Challenges:
High Cost of the Nutritional Supplements
Restraints:
Possible Side Effects of the Nutritional Supplements If Not Taken under Physician’s Guidance
Opportunities:
Growing Awareness among People about Healthy Lifestyle and Growing Geriatric Population
Key Target Audience
Nutritional Supplements Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user