Dietary Supplement Market: Overview
Dietary supplements are mostly used to make up for deficiencies in human nutrition. In the upcoming quarters, significant trends and opportunities in the dietary supplements market are projected to be fueled by the general public’s growing understanding of overall wellbeing. Given the rising popularity of sports clubs, gym memberships, and fitness classes, as well as a surge in young people’s fitness sensitivity, it is projected that the demand for macronutrients and low-carbohydrate diets will increase.
Growing awareness about fibres and specialised carbohydrates as a result of the rising incidence of irritable bowel syndrome, bloating, stomach ulcers, and dyspepsia globally is expected to fuel the need for dietary supplements for the digestive health application. The COVID-19 pandemic outbreak in 2020 has caused the demand for immunity-boosting products to soar on a global scale. As a result, the demand for vitamins, minerals, and herbs that boost immunity increased, and it is anticipated that this trend will continue in the future, benefiting the global market participants for dietary supplements.
Liquid dietary supplements are liposomal products that can disperse evenly in water for simple absorption and encourage their continued use in yoghurt, smoothies, and other energy drinks. A new trend and increased use of dietary supplements in the current global market have been caused by the increasing usage of such ingredients in the food and beverage sector for speciality food products.
Climate change, hectic lifestyles, and shifting food choices are all having an impact on human health as well as food, water, air, and weather. As a result, people are becoming more concerned about their health, putting greater emphasis on exercising, eating healthfully, and using supplements to maintain a balanced diet and high energy levels.
Global Dietary Supplement Market: Major Players
Nu Skin Enterprises
Nature’s Sunshine Forms
Arkopharma Laboratoires Pharmaceutiques
Archer Daniels Midland
Global Dietary Supplement Market: Types
Global Dietary Supplement Market: Applications
Pharmacies & Drug Stores
Supermarkets & Hypermarkets
Due to increased supplement powder use by bodybuilding champions, professional athletes, and gym goers, the market for dietary supplements is expected to expand throughout the forecasted period. Additionally, it is projected that increased popularity of the vegan diet due to growing concern for the environment and animal life would raise demand for dietary supplements in the botanical supplements category.
The primary success factors for the dietary supplement industry are significant financial investments in scientific research and ongoing innovation. Additionally, it is predicted that the target market will face challenges during the forecast period due to stringent regulations limiting the featured health benefits claimed and product specifications by dietary supplement suppliers.
‘Self-care’ is becoming a crucial component of the lifestyle of the modern consumer. Consumer food habits have changed significantly as a result of the increased focus on overall health and immunity. The usage of vitamins, minerals, foods that enhance immunity, organic goods, supplements, and other dietary aids has considerably expanded. It is well recognised that having a good immune system can help lower the likelihood or severity of illnesses and infections, despite the fact that the continuing pandemic has intensified the attention on immunity. It is a crucial element that can strengthen the body’s natural defences when combined with appropriate nutrition. The demand for immunity-boosting goods has greatly expanded as people’s awareness of holistic wellbeing has grown. To address their health concerns, people are turning more frequently to nutritional supplements and herbal remedies. People have been influenced to switch to nutraceuticals such dietary supplements by factors like rising disposable income and rising consumer health awareness. People are more likely to take multivitamins and minerals in the form of capsules and tablets as a result of lifestyle changes and increased knowledge of fitness and health.