Latest
industry research report on: Global Dietary Supplements Market |
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
The increase in consumer
interest in a healthy diet has led to higher consumption of food and
food ingredients with potential health benefits. Of late, consumers
have become more conscious of their diet. According to a survey
conducted by the Council for Responsible Nutrition (CRN) in 2014, the
majority of adults in the U.S. took dietary. According to the same
survey, around 68% of adults in the U.S. use dietary
supplements;
of these, around 50% are regular users. Around 83% of adults in the
U.S. expressed overall confidence in the quality, effectiveness, and
safety of dietary supplements. Rising aging population, increasing
lifestyle diseases and increasing healthcare cost are some of the
important factors driving the growth of the dietary supplements
market. The major factor driving the cost of healthcare is lengthy
and costly R&D conducted by pharmaceutical companies. Due to
increasing costs of healthcare, people are turning towards dietary
supplements to help them stay healthy. These supplements provide
various health benefits such as strengthening the immune system,
protection from cold and flu, prevention of migraine headaches, treat
of arthritis, rheumatic diseases, allergies, lower cholesterol,
triglyceride levels and blood pressure, cardiovascular diseases, and
cognitive diseases at lower costs.
Asia-Pacific
is the largest market for dietary supplements globally. Consumer
awareness about the benefits of dietary supplements and wide product
availability are the major drivers for the market in Asia Pacific.
The increase in disposable income allows customers to spend more on
healthy food items. According to the National Bureau of Statistics of
China, annual per capita disposable income of urban households in
China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The
overall annual disposable income in India increased from USD 1,366.2
billion in 2010 to USD 1,587.6 billion in 2013. The dietary
supplements market in North America is at mature stage compared to
that in developing nations in Asia and Africa. In recent years,
consumers have become more conscious of their diet. According to a
survey conducted by the Council for Responsible Nutrition (CRN) in
2014, around 68% of adults in the U.S. use dietary supplements; of
these, around 50% are regular users. Rising number of elderly people
in North America is leading to a rise in demand for dietary
supplements products. Over the last few years, the risk of chronic
diseases and maintenance of health in old age have been the major
health concerns leading to increased spending on dietary supplement
products. According to the U.S. Census Bureau, in 2012, 40 million
people in the country are aged 65 and above. Europe is the
second-largest market for dietary supplement products. Recently,
consumers in the region are showing great interest in leading healthy
lifestyles, in turn, driving the consumption of healthy food. In the
European region, Western Europe is the largest market for dietary
supplements. Eastern Europe is considered to have higher future
growth potential. Rising aging population, increasing lifestyle
diseases, and growing healthcare costs are some of the important
factors driving the growth of the dietary supplements market in the
region.
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The Competitive Landscape section of the dietary supplements
market report includes benchmarking section which provides an insight
on various companies operating in the dietary supplements market
based on their regional presence and their product offerings across
four product segments (vitamin supplements, mineral supplements,
botanical supplements, and fatty acids supplements).
Key points covered in the report
- The report provides historic, present and forecasted market size, analysis, trend, share, and growth
- The report segments the market on the basis of product by value (USD billion), on the basis of end-user by value (USD billion) and, on the basis of application by value (USD billion) for all geography
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The report covers dietary
supplements products segmentation
- Vitamin Supplements
- Mineral Supplements
- Botanical Supplements
- Fatty Acids Supplements
- Others Supplements
The report covers dietary
supplements end user segmentation
- Adult Women
- Adult Men
- Senior Citizens
- Others
The report covers dietary
supplements application segmentation
- Food and Beverage
- Pharmaceuticals
- Personal Care
- Others
The report covers geographic
segmentation
- North America
- Europe
- Asia Pacific
- Row
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porter’s five forces analysis of the market
Some of the major companies
operating in the global dietary supplements market:
- NBTY, Inc.
- Koninklijke DSM N.V.
- Amway, Herbalife Ltd.
- Omega Protein Corporation.
- Bayer AG.
- Naturalife Asia Co., Ltd.
- Integrated BioPharma, Inc.
- Nu Skin Enterprises, Inc.
- BASF SE, Surya Herbal Ltd.
- Bio-Botanica Inc.
- The Himalaya Drug Company.
- Ricola AG.
- Pharmavite LLC.
- Blackmores Ltd.
- Epax AS.
- Axellus AS.
- Other.
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