GLOBAL DIETARY SUPPLEMENT MARKET FORECAST 2019-2027
• As per Inkwood Research, the global dietary supplement market will flourish with an estimated CAGR of 6.08% between 2019 and 2027. • In terms of revenue, the market is expected to generate a value of $2389.71 million by 2027. • The rising demand for dietary supplements across the health and wellness industry is one of the major factors contributing to the market growth on a global scale.
• Ingredient, end-user, products, and applications are the segments included in the global dietary supplement market. • The market has a wide range of end-users such as pregnant women, children, adults, infants, and old-age population. •
Further, the increasing health awareness among people surges demand for dietary supplements, in turn, boosting the market growth.
• On the basis of geography, the global dietary supplement market is classified into regions such as Asia Pacific, North America, Europe, and Rest of World, that includes other regions. In terms of revenue, North America region captures a significant market share in the global dietary supplement market. • The presence of large companies that are offering dietary supplements in the region attributes to the market growth of dietary supplements.
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During the forecast period 2019-2027, the North America dietary supplement market is anticipated to grow with a 6.31% CAGR. The North America market contributed to revenue of $XX million in 2018, which is expected to reach $XX million by 2027. The increasing demand for supplements from different age groups of people, along with rising inclination towards medical nutrition, contributes to the growth of the dietary supplements market in the region.
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Dietary supplements are the products useful in supplementing the nutrients. The dietary supplements products are in the form of tablets, powder, capsules, and liquid, among others. The market of dietary supplement in Europe region is expected to grow with a CAGR of 5.93% during the forecast period of 2019-2027 and will generate a revenue of $XX million by the end of the period.
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The Asia Pacific dietary supplement market generated a value of $XX million in 2018 and was expected to contribute $XX million by the end of period 2019-2027. Inkwood Research estimates that the Asia Pacific market will grow at a CAGR of 6.66% during the forecast period. The market in the region is witnessing fast growth owing to factors like favorable government policies and increasing awareness about nutritional supplements.
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The prominent players operating in the global dietary supplements market include Blackmores Ltd., Merck KGaA, Sanofi SA, Bayer AG, Herbalife Ltd., Reckitt Benckiser Group Plc, GlaxoSmithKline Plc, Suntory Holdings Limited, GNC Holdings, Abbott Laboratories, Pfizer, Nature’s Bounty, Otsuka Holdings Co. Ltd., Glanbia Plc, and Amway Corporation.