U.S. Dietary Supplements Market Highlights:
Growing burden of cardiovascular diseases is the major factor contributing to the growth of the market and is likely to increase in the coming years due to growing patient and geriatric populations. Increasing prevalence of lifestyle diseases will boost the market growth during the forecast period. Diabetes & obesity are the major causes of cardiovascular diseases. Increasing number of patients suffering from these diseases lead to increase in the prevalence of cardiovascular diseases and other health-related issues, ultimately increase the demand for the dietary supplements will fuel the growth of the market. According to Centers for Disease Control and Prevention (CDC), in 2017 about 30.3 million people had diabetes out of which 23.1 million people were diagnosed with diabetes while 7.2 million people remained undiagnosed in the U.S.
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Major Players in the Dietary Supplements Market:
Nestlé Health Science, Danone Nutricia, Carlyle Group, Amway (Nutrilite), Archer Daniels Midland, Abbott Laboratories, Herbalife International, Amway, Danisco, Glanbia, Bayer AG, GlaxoSmithKline plc., Pfizer Inc., Balchem Corporation, Natures Product Inc., and Bactolac Pharmaceutical Inc.
U.S. Dietary Supplements Market Segmentation:
The U. S. dietary supplements in the age of personalized nutrition market are segmented by product category, application, gender, dosage form and end-user. On the basis the product category, it is segmented into vitamins, herbs & botanicals, sports supplements, meal supplements, minerals and other. By the application, it is segmented into lifestyle diseases, inherited diseases, genetic predispositions and others. By the gender, it is segmented into female and male. Female and male is further segmented into various age groups, namely, 55 + age group, 35-54 age group, 19-34 age group, and 0-18 age group. By the dosage form, it is segmented into tablets, capsules, powder, liquids, soft gels and others. By the end-users, it is segmented into hospitals & clinics, home care, and others.
Dietary Supplements Market Scenario:
Historically, dietary supplements marketing has focused on promoting a specific specialty ingredient targeted at specific consumer health needs such as omega 3 for heart health, lutein for eye care and others. Personalized nutrition offers manufacturers, the chance to develop a relationship with consumers rather than a single transactional approach. Massive advancements in the dietary supplements preparation in the field of personalized nutrition along with the possibility of the superior drug formulation will uplift the U. S. dietary supplements in the age of personalized nutrition market. The economies of scale and scope resulting out of greater demand for dietary supplements is expected to significantly reduce the final price of the products thus benefiting the final consumers. Thus, increasing the prevalence of cancer and metabolic diseases will result in arise in the volume of the dietary supplements market.
Dietary Supplements Market Regional Analysis:
U.S. dominated the global dietary supplements in an age of personalized nutrition market owing, presence of major manufacturers such Abbott Laboratories, Pfizer Inc, Glanbia, Amway, Carlyle Group, Danone Nutricia, Nestlé Health Science and increase in usage among adults between the ages of 18 and 34. For instance, as per the recent annual survey conducted by Ipsos Public Affairs on behalf of the Council for Responsible Nutrition (CRN), about 71% of U.S. adults or more than 170 million Americans are consuming dietary supplements for various dietary purposes. Furthermore, increasing geriatric Population has also upsurged the growth of this market. According to the population reference bureau, the number of Americans ageing 65 and older is projected to more than double from 46 million in 2015 to over 98 million by 2060. Whereas adversary effects of dietary supplements and FDA approvals have been a concern for the market
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Major TOC for U.S. Dietary Supplements Market:
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
2.1 Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 RESEARCH METHODOLOGY
3.1.1 Primary Research Methodology
3.1.2 Secondary Research Methodology
3.1.3 Market Share Analysis
3.1.4 Market Pricing Approach
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1 Growing Demand For Health And Wellness Products (Impact Weightage – 45 %)
4.2.2 Increasing Awareness And Incidence Of Lifestyle-Related Diseases And Growing Aging Population
(Impact Weightage – 35 %)
4.2.3 Increasing Urbanization, Rising Income And GDP, And Consumerism (Impact Weightage – 20 %)
4.3 Restraints
4.3.1 Spurious And Misbranded Products (Impact Weightage - 35 %)
4.3.2 Safety Concerns Of Dietary Supplements (Impact Weightage - 65 %)
4.4 Opportunities
4.4.1 Introduction Of E-Commerce Portals (Impact Weightage: 45%)
4.4.2 Increase In Merger & Acquisition Activity And Growing R&D Spending For Dietary Supplements
(Impact Weightage: 55%)
4.5 Challenges
4.5.1 Increasing Regulatory Pressures
…TOC Continued
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