Vitamins and Supplements Market: An In-Depth Look at the Current State and Future Outlook

The latest research report by Emergen Research, named ‘Global Vitamins and Supplements Market – Forecast to 2030’, entails a comprehensive review of the global Vitamins and Supplements Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.

The vitamins and supplements market is projected to grow at a rate of 6.9% over the forecast period, reaching a value of USD 108.4 billion in 2021. Some significant factors anticipated to support market revenue development between 2022 and 2030 include a change in consumer preferences brought on by an increased emphasis on health and prevention as well as the rising prevalence of chronic diseases.

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Another factor driving the market’s revenue growth is consumers’ growing knowledge of the importance of their health. Vitamins and dietary supplements are widely made from a variety of products. The food and nutrition industries have developed to give consumers a more individualised experience and supplement nutrition to make up for dietary loss. Another factor driving up demand for vitamins and supplements is the growing incidence of chronic diseases. According to projections from the World Health Organization, the prevalence of chronic diseases was around 57% in 2021. This shows that more than 50% of people globally suffer from a chronic disease, with diabetes, cancer, and heart and lung conditions being the most common. A variety of vitamins, minerals, and nutrients must be consumed daily to ensure good health and, more importantly, a robust immune system that can fend off chronic illnesses. For instance, because it is believed to boost people’s immune systems, vitamin D is frequently recommended for preventing viral and bacterial diseases. Inflammation that is brought on by Non Communicable Disorders (NCDs), such as diabetes and obesity, may also be decreased by vitamin D.

Competitive Terrain:

The global Vitamins and Supplements industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Key players in the market include

Herbalife International of America, Inc., Archer-Daniels Midland Company, Amway Corporation, Pfizer, Inc., Abbott, Nestle S.A., Nutrition and Biosciences (DuPont de Nemours, Inc.), Bayer AG, Glanbia PLC, and Arkopharma.

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Market Scope:

The report explains the scope of various commercial possibilities in the global Vitamins and Supplements market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Emergen Research has segmented the vitamins and supplements based on ingredient, form, application, end-users, type, distribution channel, and region:

  • Ingredient Outlook (Revenue, USD Billion, 2019 – 2030)
    • Vitamins
    • Supplements
  • Form Outlook (Revenue, USD Billion, 2019 – 2030)
    • Tablets
    • Capsules
    • Soft Gels
    • Powders
    • Gummies
    • Liquids
  • Application Outlook (Revenue, USD Billion, 2019 – 2030)
    • Immunity
    • Brain/Mental Health
    • Bone & Joint Health
    • Menopause
    • Metabolic Health
    • Beauty Care
    • Digestive & Microbiome Health
    • Others
  • End-Users Outlook (Revenue, USD Billion, 2019 – 2030)
    • Adults
    • Geriatric
    • Pregnant Women
    • Children
    • Infants
  • Type Outlook (Revenue, USD Billion, 2019 – 2030)
    • OTC
    • Prescribed
  • Distribution Channel Outlook (Revenue, USD Billion, 2019 – 2030)
    • Offline
    • Online

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Key reasons to buy the Global Vitamins and Supplements Market report:

The latest report comprehensively studies the global Vitamins and Supplements market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products & services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

Regional Landscape section of the Vitamins and Supplements report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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