About Online Dietary Supplement
Dietary supplements are synthetic which are made to increase the quantity of nutrients consumption. Dietary supplements contain vitamins, amino acids, minerals, fibers, etc. Dietary supplements are kind of drugs even if it is labelled as a dietary supplement. These dietary supplements generally used to treat, diagnose, cure, or prevent diseases. Dietary supplements can also contain substances that have not been confirmed as being essential to life, but are marketed as having a beneficial biological effect, such as plant pigments or polyphenols. These dietary supplements commonly used by body builders and athletes. It shows the stamina effect on the body of consumer. Animals also consider as a source of supplement. Chickens and fishes contain collagen which is form of a dietary supplement. Market of online dietary supplements show immense growth over the years as a people turning towards physical health awareness and fitness.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Online Dietary Supplement is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Online Dietary Supplement market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Laboratories (United States), Amway (United States), Pfizer (United States), Nature’s Sunshine (United States), Bellring Brands (United States), Dsm(Netherlands), Nature’s Bounty (United States), Labdoor(United States), Glanbia Plc. (Ireland) and Bayer Ag (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Basf Se (Germany), Gnc Holdings Inc (United States), Sundose(Poland), Chr. Hansen(Denmark) and Nbty Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Online Dietary Supplement market by Type (Vitamins, Minerals, Herbal Products, Amino acids, Botanicals and Sports Nutrition), Application (Pharmaceuticals, Hospitals and Households) and Region.
On the basis of geography, the market of Online Dietary Supplement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Forms, the sub-segment i.e. Drinks and Energy Bars will boost the Online Dietary Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredient, the sub-segment i.e. Cesium Chloride will boost the Online Dietary Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 13 April 2022, Abbott Has Launched Arachitol Gummies, An Easy-To-Consume Dietary Supplement for Daily Vitamin D, Calcium and Curcumin Requirements in Children and Adults, In India. The Orange Fruit Flavored Gummies, Approved by The Food Safety and Standards Authority (FSSAI) In India, Will Support Bone Health, Immunity, And Overall Well-Being. This Is Vital to Address Vitamin D Deficiency and Insufficiency, Which Affects 76% Of Indians, Particularly Seen in the 18 To 30 Years Age Group.
A Dietary Supplement Is Defined as A Product Taken by Mouth Containing a Dietary Ingredient Intended to Supplement the Diet. Dietary Ingredients Include Vitamins, Minerals, Herbs or Other Botanicals, And Amino Acids. In 1994, Congress Passed The Dietary Supplements Health And Education Act (DSHEA), An Important Piece Of Legislation Which Provided A Regulatory Framework For Assuring The Safety Of Dietary Supplements. DSHEA Also Granted the U.S. Food and Drug Administration (FDA) Authority to Establish Regulations Regarding Dietary Supplement Manufacturing, Regulating Health Claims and Labeling. Dietary Supplements Are Regulated Products. Dietary Supplement Marketing, Manufacturing, Labeling, And Advertising Are All Covered By Regulations Enforced By FDA And The Federal Trade Commission.
Market Drivers
- Increasing Awareness About Health and Fitness
- Increasing Number of Dietary Supplement Consumption in Socio-Economical Countries
Opportunities
- Growth In Health-Related Online Shopping
- Growing Healthcare Infrastructure
Restraints
- Allergens Due to Excess Amount of Dietary Supplement Consumptions
- Contain Of Harmful Ingredients in Dietary Supplements
Challenges
- Antioxidants Contains in Dietary Supplements, Might Make Some Chemotherapy Medicines Less Effective
- People’s Perspective Towards Natural Is Safer and Better
Key Target Audience
Dietary Supplement Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
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.