Global Dietary Supplements Market (2020-2026) | Size, Share, industry, Growth, Forecast, Analysis, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Global Dietary Supplements Market

The global Dietary Supplements Market is expected to grow significantly in the coming years. The increasing prevalence of chronic diseases and rising health consciousness among consumers are the major drivers of growth in this market.  Additionally, many manufacturers are expanding their distribution channels, such as e-commerce, to reach a larger customer base. This has led to an increase in online sales of dietary supplements. Further, the manufacturers are developing innovative formulations to cater to the diverse needs of consumers. For instance, there is a growing trend towards personalized nutrition, where supplements are formulated based on an individual's genetic makeup and health status. Moreover, there have been several mergers and acquisitions in the dietary supplements market in recent years. For instance, Nestle Health Science acquired Persona Nutrition, a personalized nutrition company to enhance its market share.

There is a growing emphasis on sustainability in the global dietary supplements industry. Manufacturers are using sustainable sourcing methods and packaging materials to reduce their environmental impact. Additionally, one of the major trends in the dietary supplements market is the increasing demand for natural and organic supplements, which are perceived as safer and healthier than synthetic supplements. There has also been a rise in demand for supplements that target specific health conditions, such as immune system support, bone health, and cognitive health. Moreover, another trend in the market is the growing popularity of sports nutrition supplements, which are designed to enhance athletic performance and aid in recovery. These supplements include protein powders, energy bars, and pre-workout formulas. Further, E-commerce has also been a significant driver of growth in the dietary supplements market, with online sales channels offering convenience and accessibility to consumers. In addition, the COVID-19 pandemic has boosted demand for dietary supplements, as consumers have become more focused on maintaining their health and building their immune systems.

Global dietary Supplements Market Synopsis

The global dietary supplements market is expected to witness growth over the upcoming years. The growing health concerns and lifestyle changes changing food habits globally have driven the Dietary Supplements market globally. Also, a positive view regarding the sports Supplements market is adding to the increased demand for Dietary Supplements. Further, a rise in the complexities in sports demanding high physical strength would lead to an increase in demand for the dietary supplements market over the forthcoming years. Natural dietary supplements containing herbal ingredients coupled with improved taste are the key upcoming trend in the dietary Supplements market globally.

According to 6Wresearch, the Global Dietary Supplements Market size is anticipated to register growth during 2020-2026. Surging investment in the development of dietary supplements is driving the development of the market. Moreover, the increasing purchasing power of consumers coupled with rising penetration towards a healthy lifestyle is adding to the development of the market. The outbreak of COVID-19 has impacted various industries along with the market. The Global Dietary supplements market experienced an upsurge due to the rising demand for immunity-boosting supplements to fight against disease.

Market Analysis by Ingredient

Ingredient-wise vitamin accounts for a major share in the total market globally primarily due to their usage in the formulation of the majority of the dietary Supplements. In addition, multivitamins are quite popular amongst athletes and working professionals. Further, botanical ingredients are witnessing lucrative growth because of the rising concerns over the negative effect of allopathic medicines. In terms of application, weight loss/gain and energy have the largest share in the health Supplements market owing to the increasing trend in the programs for weight loss focus government to promote healthy food Supplements over the coming years.

Market Analysis by Region

North America region dominated the overall Global Dietary supplement market and accounted for the largest share. At present, the USA accounts for the highest revenue share in the overall global Dietary Supplements market. An increase in disposable income and a positive outlook toward nutrition Supplements due to the increased cardiovascular diseases and obesity is expected to increase the demand for dietary Supplements in the coming years in the region. Further, Asia Pacific countries are among the top contributors to the market revenues owing to the increase in demand for natural substitutes for sugary drinks in these countries. Further, the Developing countries of Africa are expected to emerge as a potentially lucrative market for Dietary Supplements during the forecast period, primarily due to malnutrition of infants and the requirement for essential nutrients for a healthier body in the region.

Key Highlights of the Report:

• Global Dietary Supplements Market Outlook
• Global Dietary Supplements Market Overview
• Global Dietary Supplements Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Dietary Supplements Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Form
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution Channel
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Ingredient
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End User
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Dietary Supplements Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Dietary Supplements Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Dietary Supplements Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Dietary Supplements Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Dietary Supplements Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Dietary Supplements Market
• Market Drivers and Restraints
• Global Dietary Supplements Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Dietary Supplements Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Application:

• Energy & Weight Management
• Bone & Joint Health
• General Health
• Gastrointestinal Health
• Immunity
• Cardiac Health
• Diabetes
• Others

By Form:

• Tablets
• Capsules
• Soft Gels
• Powders
• Gummies
• Liquids
• Others

By Distribution Channel:

• OTC
• Prescribed

By Ingredient:

• Vitamins
• Botanicals
• Minerals
• Proteins and Amino Acids
• Fibers and Specialty Carbohydrates
• Omega Fatty Acids
• Others

By End User:

• Adults
• Geriatric
• Children
• Infants
• Pregnant Women

By Regions:

• Europe
• Asia Pacific
• Middle East
• Africa
• North America
• Latin America