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.

The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Dietary Supplements market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.

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Competitive Landscape

Inventive Product Launch Declaration by Crucial Players to Spur Market Growth

The report offers a complete analysis of the global Dietary Supplements market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations.

Based on the competitive landscape, the market report analyzes the key companies operating in the industry:

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.

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.

Detailed Regional Analysis covers:

• 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)

To get to know more about the short-term and long-term impact of COVID-19 on this market,

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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)
  • Botanicals
  • Minerals
  • Vitamins
  • Amino Acids
  • Enzymes
  • Probiotics
  • Herbal Supplements
  • Others

• Function Outlook (Revenue, USD Billion; 2019–2030)
  • Medicinal Supplements
  • Sports Nutrition
  • Additional Supplements

• Application Outlook (Revenue, USD Billion; 2019–2030)
  • Bone & Joint
  • Energy & Weight Management
  • Diabetes
  • Immunity
  • Others

• Target Consumer Outlook (Revenue, USD Billion; 2019–2030)
  • Infants
  • Children
  • Adults
  • Pregnant Women
  • Geriatric

Key point summary of the report:

• The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
• It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
• The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
• It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
• Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
• The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
• The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.

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