A dietary supplement is a concentration of vital nutrients which are either derived from food sources or are artificially synthesized. The key function of dietary supplements is to meet the nutritional requirements of the human body and is usually taken in the form of a pill, tablet, capsule, or liquid. A supplement can give nutrition either individually or in combination, based upon the needs of the consumer’s body. Dietary supplements are rich in minerals, vitamins, enzymes, herbs, amino acids and various other ingredients.  One of the key factors catalyzing the global market is the increasing focus on healthy food consumption. Owing to the incidence of lifestyle-related health problems and the rising geriatric population, people are more aware of health products such as food supplements. As per the report of the Centers for Disease Control and Prevention (CDC), around 1 to 2 million patients are diagnosed with coronary heart failure. Hence now people are more conscious of their health, and they are taking good care by taking healthy products. In addition, there is a constant development and innovation in the production of dietary supplements. Moreover, the initiatives taken by the regulatory bodies such as the Food and Drug Administration of United States to make sure the quality of the dietary supplement is driving the use of these supplements. The use of natural, safe and clean-labeled ingredients in the supplements is projected to fuel the dietary supplements market revenue. Another driving factor in the dietary supplements market is the growing number of people participating in bodybuilding and sports. These athletes are taking dietary supplements to enhance their performance, and it is an accelerating factor in the market as well. Apart from this, the high price of dietary supplements will hamper the market.

The market for plant-based ingredients is rising at an exponential pace, and people are concentrating on plant-based supplements rather than animal-based. This is anticipated to shift consumer preference to plant-based herbal supplements, which creates opportunities for the dietary supplements market. The demand for clean-labeled products, the requirement to prevent allergens, and sustainability concerns will change consumer choice as well. The major players are always finding ways to fulfill the demand of the consumer, and it will create more opportunities to the global market in the future.

The global Dietary Supplement Market is segregated on the basis of Ingredient as Botanicals, Minerals, Vitamins, Proteins & Amino Acids, Enzymes and Others. Based on Product the global Dietary Supplement Market is segmented in Tablets, Capsules, Powder, Liquid, Soft gels and Others. Based on Application the global Dietary Supplement Market is segmented in Additional Supplements, Medicinal Supplements and Sports Supplements. Based on Distribution Channel the global Dietary Supplement Market is segmented in Pharmacies & Drug Stores, Supermarkets & Hypermarkets, Online Channels and Others.

The global Dietary Supplement Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Dietary Supplement Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Amway Corp., Herbalife International of America, Inc., Nature’s Sunshine Products, Inc., Nu Skin Enterprises, Inc., Glanbia PLC and others are among the major players in the global Dietary Supplement Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In September 2021, Pfizer Inc. and BioNTech SE declared plans to extend their agreement with the U.S. government by offering an extra 500 million doses of the companies’ COVID-19 vaccine at a not-for-profit price for donation to under-devloped countries and the organizations which support them. This extended agreement brings the total number of doses to be supplied to the U.S. government for donation to these countries to one billion.
• In August 2021, Pfizer Inc. and Trillium Therapeutics Inc. declared that the companies have made a definitive agreement in which Pfizer will acquire Trillium, a clinical-stage immuno-oncology company developing innovative therapies for the treatment of cancer.
• October 2019, Herbalife introduced a relaxation tea and new immunity essentials, comprises of EpiCor, to meet the demand of nutritional supplement in the North American region. This would empower its product portfolio for dietary supplements.

The global Dietary Supplement Market has been segmented as below:

Dietary Supplement Market, By Ingredient

• Botanicals
• Minerals
• Vitamins
• Proteins & Amino Acids
• Enzymes
• Others

Dietary Supplement Market, By Product

• Tablets
• Capsules
• Powder
• Liquid
• Soft gels
• Others

Dietary Supplement Market, By Application

• Additional Supplements
• Medicinal Supplements
• Sports Supplements

Dietary Supplement Market, By Distribution Channel

• Pharmacies & Drug Stores
• Supermarkets & Hypermarkets
• Online Channels
• Others

Dietary Supplement Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Dietary Supplement Market, By Company

• Amway Corp.
• Herbalife International of America, Inc.
• Nature’s Sunshine Products, Inc.
• Nu Skin Enterprises, Inc.
• Glanbia PLC
• Abbott
• Bayer AG
• Pfizer Inc.
• ADM
• GlaxoSmithKline plc
• Bionova
• Ayanda
• Arkopharma
• American Health
• Pure Encapsulations
• UST Manufacturing
• Capstone Nutrition

The report covers the below scope:

• Global Dietary Supplement Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Dietary Supplement Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Dietary Supplement Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Dietary Supplement Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Dietary Supplement Market share. Major industry players with significant revenue share include Amway Corp., Herbalife International of America, Inc., Nature’s Sunshine Products, Inc., Nu Skin Enterprises, Inc., Glanbia PLC and others.

Why to Buy this Report:

• Gain detailed insights on the Dietary Supplement industry trends
• Find complete analysis on the market status
• Identify the Dietary Supplement Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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