High demand for additional supplements
VANCOUVER, BC, CANADA, April 4, 2022 /EINPresswire.com/ — Read This Report to Find out Total Addressable Market for Dietary Supplements Industry
The global dietary supplements market size reached USD 145.4 Billion in 2021 and is expected to register a revenue CAGR of 7.5% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for vegan products and rising prevalence of obesity and diabetes globally are factors expected to support market revenue growth between 2021 and 2030.
The growing trend of veganism is driving demand for plant-based dietary supplement products, which is expected to boost revenue growth of the market during the forecast period. Plants have certain essential nutrients that are found in animal-based products. Phytochemicals, antioxidants, vitamins, and minerals present in plants can help to keep human cells healthy, along with balancing the immune system. A healthy immune system is essential for reducing risks of diseases such as cancer as the system can recognize and attack mutations in cells before they can progress to disease. Furthermore, prolonged inflammation can damage tissues that can cause cancer and other inflammatory diseases, including arthritis, and plant-based dietary supplements can prevent these diseases and help to protect cells in the human body from damage and aging.
Dietary Supplements Market,’ published by Emergen Research, provides the reader with a comprehensive view of the global Dietary Supplements industry, acquainting them with the latest market trends, industry insights, and market share.
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The report provides an in-depth investigation of the global market, largely focusing on each segment and sub-segment of the Dietary Supplements market. The market forecasts included in the report are performed by our team of experts and are of great significance as they provide deep insights into various crucial industry parameters. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period. The market research report contains significant details on the global Dietary Supplements market value based on market dynamics and various growth factors. It scrutinizes several key aspects of the market, including the latest technological innovations in the industry, ongoing trends, and developmental opportunities. One of the most vital components of the report is the SWOT analysis, coupled with a detailed overview of the market’s competitive landscape.
Leading companies profiled in the report are:
Abbott, Amway Corp., Procter & Gamble, Nestle, Herbalife International of America Inc., Arkopharma, Glanbia PLC, Nature’s Sunshine Product Types, Inc., American Health, and Capstone Nutrition, LLC.
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Emergen Research has segmented the global dietary supplements market on the basis of product type, function, application, target consumer, and region:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
Function Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
Bone & Joint
Energy & Weight Management
Target Consumer Outlook (Revenue, USD Billion; 2019–2030)
A closer look at the aspects including but not limited to market segmentation by the end-user, end-use, geography, type, and application forms an integral part of the research report. In addition, in-depth analysis of critical factors such as spending capability, gross margin, business environment and profit for the forecast period 2021 – 2030 holds critical information and is based on curated facts and logical arguments. Importantly, validation of statistics recent acquisitions and mergers, collaborations and product launches serve as testimonials for stakeholders, field marketing personnel, product manufacturers and business evangelists on how a product will be positioned in the real world in years to come.
Key Highlights from the Report
Herbal supplements segment accounted for a significantly large revenue share in 2021, owing to rising adoption of vegan diets across the globe. Herbal supplements are made from plant roots, seeds, berries, leaves, bark, and flowers, and are highly valued for their healing benefits. Herbal supplements help in boosting immunity without side effects and are more effective in providing symptomatic relief, especially while fighting allergies.
Energy & weight management segment is expected to account for largest revenue share over the forecast period, due to growing health awareness among consumers and increasing number of weight management programs. Dietary supplements contain a variety of ingredients such as vitamins, herbs, minerals, fiber, caffeine, and others, which can help to boost energy, build muscles, and improve nutrition.
Asia Pacific market is expected to account for a considerably large revenue share due to rising prevalence of diabetes and obesity among adults and children owing to changing lifestyle and food habits. Increasing population and growing health consciousness among consumers are increasing expenditure on health-enhancing products, which is driving revenue growth of the Asia Pacific market.
Major Regions Covered in the Dietary Supplements Market Report:
Middle East & Africa
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Key Reasons to Buy This Report:
The report presents a thorough examination of the Dietary Supplements market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
A SWOT analysis is performed on the leading companies engaged in the Dietary Supplements market to offer a better understanding of the strengths, opportunities, weaknesses, and threats of the leading companies. It also covers production and consumption rate, the volatility of prices and demands, market share, market size, global position, and market position of each player. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Dietary Supplements industry.
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Look Over transcripts provided by Emergen Research
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.