A recent market intelligence report that is published by Data Insights Partner on the global Dietary Supplement Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Dietary Supplement Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Dietary Supplement Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Dietary Supplement Market is offered. In accordance with the report, the global Dietary Supplement Market is projected to expand at a CAGR of 7.50 % over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
A dietary supplement is a product that is intended to supplement the diet and provides nutrients like vitamins, minerals, fiber, fatty acids and amino acids.
A shift by consumers towards healthy practices, amidst the ever increasing healthcare costs and diseases caused due to hectic lifestyle is the major driver for growth of global dietary supplement market. Manufacturers are now endorsing and making efforts through marketing their dietary supplements, which is directly increasing consumer awareness driving the market further. Various other factors that help the dietary supplement market to gain traction globally are increasing income of consumers in developing economies, geriatric population, and spread of chronic diseases. Also growing awareness towards weight loss and calorie reduction, especially in regions like North America & Europe have had a substantial impact on this market.
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However, there are few restraining factors that are expected to hinder the growth of global dietary supplement market in the forecast period. Even though, manufacturers are engaging in promotional and marketing activities to increase awareness amongst the population, there is comparatively less awareness amongst few section of the society. These products are highly expensive and are not considered as a necessity by few people specially in the emerging region. Many consumers perceive it as a product that might lead to various side effects due to which there might be a decline of demand for dietary supplements in the forecast period.
Growth of dietary supplements market in Asia Pacific region, specially countries like India, China & Japan remains the fastest growing market due to its aging population. Moreover, increasing demand of sports as a curriculum activity in the current education systems will promote intake of dietary supplements amongst children.
Introduction of dietary supplements with herbal and Ayurveda extract will further boost the growth of this market and offer major investment opportunities.
This market intelligence report on the global Dietary Supplement Market encompasses market segments based on product type, form, application, end user, distribution channels and country/regions.
In terms of type, the global Dietary Supplement Market is segregated into
- Herbal Supplements
- Proteins & Amino Acids
- Fibers & Specialty Carbohydrates
- Omega Fatty Acids
By form, the global Dietary Supplement Market is also classified into,
- Soft Gels
- Gel Caps
By application, the global Dietary Supplement Market is also classified into,
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Cardiac Health
- Anti – Cancer
ü Additional Supplements
ü Medicinal Supplements
ü Sports Nutrition
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By end user, the global Dietary Supplement Market is also classified into,
- Pregnant Women
By distribution channel, the global Dietary Supplement Market is also classified into,
- Pharmacies & Drug Stores
- Supermarkets & Hypermarkets
- Online Channel
By country/region, the global Dietary Supplement Market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Amway (Nutrilite)
- Arkoharma Laboratories Pharma
- Abbott Laboratories
- Archer Daniels Midland
- Herbalife Nutrition
- Glanbia Nutritionals
- Reckitt Benckiser
- Carlyle Group
- Nature’s Sunshine Products
- Bionova Lifesciences
- Biorio Pharm
- American Health
- Nu Skin Enterprises Inc.
- The Himalaya Drug Company
- Bayer & Glanbia and many more
Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Dietary Supplement related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Dietary Supplement Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Dietary Supplement Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Amway (Nutrilite), Arkoharma Laboratories Pharma, Abbott Laboratories, Archer Daniels Midland, Pfizer, Sanofi, Herballife Nutrition, Glanbia Nutritions, Abbott, NBTY, GlaxoSmithKline, Reckitt Benckiser, Merck, Carlyle Group, Nature’s Sunshine Products, FANCL, Bionova Lifesciences, XanGo, Biorio Pharm, American Health, Nu Skin Enterprises Inc., The Himalaya Drug Company, Bayer & Glanbia and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Dietary Supplement Market caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Dietary Supplement Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Dietary Supplement Market
v Identification of key factors driving investment opportunities in the Dietary Supplement Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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