Dietary Supplements Market 2022 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive…

Kenneth Research added a report on Dietary Supplements Market market into the repository of market research reports. The report includes in-depth analysis on the growth drivers, expansion opportunities, restraints and challenges and the recent trends in the market. The market is anticipated to grow at a CAGR of XX.X% during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dietary Supplements Market products.

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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

Dietary Supplements Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on Dietary Supplements Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2028. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porters five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

Kenneth Research recently added a report on Dietary Supplements Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on Dietary Supplements Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2028. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porters five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

Global Dietary Supplements Market Analysis 2019-2028

Dietary supplements are essential nutrients present as various dosage forms such as tablets, capsules, soft gels, and others, and are derived from either natural or synthetic sources.The market for dietary supplements is projected to grow at a significant CAGR of 6.78% over the forecast period, i.e., 2021-2028.Further, the global dietary supplements market accounted for amarket value of USD 67,218.23 million in 2019and is anticipated to attain a substantial market value by 2028.

The Final Report will cover the impact analysis of COVID-19 on this industry

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Dietary supplements market is segmented by source, by supplement, by form, by application, by end-user, by distribution channel and by region. On the basis of the supplement segment, the market is sub-segmented into vitamins, botanicals, proteins & amino acids, minerals and others, out of which, the vitamins segment is anticipated to hold the leading share in the market over the forecast period. This can be attributed to the rising interest of consumers in improving personal health and wellness. On the other hand, the market is segmented on the basis of form into tablets & capsules, soft gels, powders, liquids and others, out of which, the tablets and capsules segment is anticipated to lead the market and grow at the highest CAGR during the forecast period. Ease of handling of tablets and capsule form is estimated to contribute towards the growth of tablet and capsule segment in the dietary supplement market.

The Final Report will cover the impact analysis of COVID-19 on this industry.

Based on geography, the market for dietary supplements is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America held the leading share in 2018 which is estimated to grow further by the end of 2028. The growth in the market in this region can be attributed to increasing concerns regarding cardiovascular diseases among working professionals on account of irregular and unhealthy dieting patterns. Further, the market in Europe captured a market size of USD 17,342.30 million in the year 2019 and is expected to reach a substantial size by 2028 on account of rising adoption rates for botanicals among the population of European countries.

Major Companies Studied In This Study:

Some of the key industry leaders in the global dietary supplements market are Abbott, Amway, Bayer, Otsuka, Pfizer Inc., GlaxoSmithKline plc, Herbalife International of America, Inc., NuSkin Enterprises, Arkopharma, Natures Bounty and others.

Key Answers Captured in Report?

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The Final Report will cover the impact analysis of COVID-19 on this industry.

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Dietary Supplements Market 2022 Industry Analysis By Size, Growth, Share, Trends, Opportunities, Key Players, Business Insights, Competitive...