The Vitamins and Supplements Market research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This helps readers and business owners create plans for strategic investment and expansion. The study focuses on business and government transactions, as well as mergers and acquisitions, joint ventures, collaborations, and partnerships. The expansions that these well-known firms are vying for in the key market areas are also discussed in the report.
The market for vitamins and supplements had a value of USD 108.4 billion in 2021 and is projected to grow at a CAGR of 6.9% over the following five years. Some significant variables anticipated to promote market revenue growth between 2022 and 2030 include a change in consumer preferences brought on by an increased focus on health and prevention as well as the rising prevalence of chronic diseases.
Another element supporting the market's revenue growth is customers' growing awareness of the importance of their health. Vitamins and dietary supplements are increasingly made from a variety of materials. The food and nutrition industries have developed to give clients a more individualised experience and supplement nutrition to make up for dietary loss. Another reason driving higher demand for vitamins and supplements is the rising incidence of chronic disorders. According to predictions from the World Health Organization, the prevalence of chronic diseases was over 57% in 2021. This shows that more than 50% of individuals globally suffer from a chronic illness, 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 excellent health and, more importantly, a robust immune system that can fend against chronic diseases.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Vitamins and Supplements market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Companies profiled in the global Vitamins and Supplements market:
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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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
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)
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Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
Key Questions Addressed in the Report:
Who are the leading players in the Vitamins and Supplements industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Vitamins and Supplements?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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