Dietary Supplements Industry – Innovations, trends and challenges


Posted October 5, 2018 by MRFRresearch

Global Dietary Supplements Market Research Report: Information Type (Vitamins, Minerals, Amino Acids) Form (Tablet, Capsules, Powder, Liquid), Distribution Channel (Store and Non-Store Based) Region Forecast till 2024

 
The dietary supplements market is gaining popularity among the growing population owing to its associated health benefits on the global stage. Market Research Future, a firm which specializes in market reports related to the Food and Beverage sector among others, recently forecasted in its report on Global Dietary supplements Market Research Report- Forecast to 2023 that the market will demonstrate a significant growth during the forecast period.

Market Scope
Rising demand for functional food and beverages is also indicating the growth of dietary supplements. Moreover, continuous R&D in this field is expected to drive the dietary supplements market in the coming years. Additionally, strategic initiatives undertaken by the major market players will surge the growth of the market.

Industry News
Dec 2017 The Council for Responsible Nutrition Foundation (CRNF) announced their commitment of an additional USD 735,000 over a three-year period to support the National Advertising Division (NAD) program dedicated to the review of dietary supplement advertisements to help ensure they are truthful and non-misleading.
Nov 2017 Dallas-based Rosewood Private Investments, the private equity arm of Caroline Hunt's estate, is taking a majority stake in an East Texas contract manufacturer of dietary supplements, sports nutrition and pet care products.
June 2017 The Council for Responsible Nutrition (CRN), continued their partnership with the American Conference Institute (ACI) on the fifth annual Legal, Regulatory, and Compliance Forum on Dietary Supplements, which took place in New York City at the Intercontinental New York Times Square on June 26 and 27 with additional workshops on June 28.
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Key Players and Competition Analysis
Abott Laboratories (U.S.), Amway (Nutrilite) (U.S.), Bayer (Germany), BASF SE (Germany), E. I. Du Pont de Nemours and Company (U.S.), Archer Daniels Midland (U.S.), and Nutraceutics Inc. (U.S.) among many others.

Segmentation Analysis
Dietary supplements market is segmented into type, form, and distribution channel. Based on type, the market is segmented into vitamins, minerals, amino acids, and others. Among them, vitamins segment is witnessed to be dominating the market.
Since distribution channel, the market is segmented into store based and non-store based. Among them, the store-based distribution channel is dominating the market.
Browse the market data and information spread across 110 pages with 25 data tables and 15 figures of the report “Dietary Supplements Market Research Report - Forecast to 2024” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/dietary-supplements-market-1134

Regional Analysis
The global dietary supplements market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is dominating the dietary supplements market followed by Europe. In North America, the U.S. market is mainly driving the growth of dietary supplements owing to increasing consumption of functional foods among the health conscious population.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Tags dietary supplements market analysis , dietary supplements market research , dietary supplements market size
Last Updated October 5, 2018