Industry Background:
Dietary Supplements are the substances that consist of several ingredients such as proteins, vitamins & minerals and other nutritious items which are effective for better health conditions. Dietary Supplements market is expected to mark significant growth over forecasted period owing to increasing consumers spending on awareness about nutrition, providing weight loss solution and rise in urbanization. There has been significant rise in number of people using dietary supplements with figure stood up to 78% in United States alone in 2018, the future of dietary supplements looks promising. This result in rising popularity of gymnasiums and fitness centers and escalating need for microencapsulation in the pharmaceutical industries may trigger demand and help in industry expansion.This growth is primarily driven by Increase in Demand at Pharmaceutical Industries that Boost the Market and Rising Health Awareness Among the Customers Fuelled Up the Dietary Supplements Market.
Globally, a noticeable market trend is evident Rising awareness regarding fat reduction
. Major Players, such as Amway (United States), Abbott Laboratories (United States), Bayer (Germany), Glanbia (Ireland), Pfizer (United States), Archer Daniels Midland (United States), Carlyle Group (United States), NBTY Inc. (United States), Nu Skin Enterprises (United States) and GlaxoSmithKline (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2018, GNC launched an Amazon exclusive supplement bran largest retailers of vitamins, supplements, and other health and nutrition products known as “CHALLENGE” which is beneficial in providing new strategy for retailers to sell out the vitamins, supplements, and other health and nutrition products.
Regulatory Insights:
“According to Food and Drug Administration (FDA), its delivers that consult with a health care professional before using any dietary supplement. Many supplements contain ingredients that have strong biological effects, and such products may not be safe in all people.”
Market Drivers
- Increase in Demand at Pharmaceutical Industries that Boost the Market
- Rising Health Awareness Among the Customers Fuelled Up the Dietary Supplements Market
Market Trend
- Rising awareness regarding fat reduction
- Increase in demand of supplements in developing countries
Restraints
- Side Effects Associated with Dietary Supplements Hampers the Market
- Stringent Government Regulation Dissipated the Market Scenario
Opportunities
Proliferation of Sports Complex and Gymnasiums is Expected to Drive the Market and Rising Prevalence of Chronic Diseases Such as Arthritis and Cardiovascular Problems Fuelled up the Market.
Challenges
Limitation Due to Demand of Organic Food are Anticipated to Challenge the Market. and Adverse Effect of Conventional Medicines Fluctuate the Powder Dietary Market.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Dietary Supplement Study Sheds Light on
The Dietary Supplement Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Dietary Supplement industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dietary Supplement industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.