1 minute read
Research Methodology
Dietary Supplement Market Overview
Dietary Supplement Market is expected to grow from USD 136.2 billion in 2020 to USD 204.7 billion by 2026 at a CAGR of 7.0% from 2020 to 2026.
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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.
