Dietary Supplements Market to hit US$ 290 billion by the end of 2027


Posted February 9, 2022 by neha_s

A dietary supplement is produced to add nutrients to the diet and lower the risk of health problems such as osteoporosis and arthritis.

 
A dietary supplement is produced to add nutrients to the diet and lower the risk of health problems such as osteoporosis and arthritis. It is available in the form of capsules, powders, gel tabs, pills, extracts, and liquids and contains minerals, vitamins, fiber, herbs, amino acids, enzymes.

Dietary supplement is ideal for people don't get enough intake vitamins and minerals from the normal diet. Weight loss, sports nutrition, general wellbeing, immune and digestive health, bone and joint health, heart health, and other specific requirements are some of the major applications of dietary supplements. They are easily available in health & beauty stores, internet, pharmacies/drugstores, hypermarket/supermarket, and direct selling.

The global dietary supplements market is projected to surpass US$ 290 billion by the end of 2027, in terms of revenue, growing at CAGR of 7.7% during the forecast period (2019 to 2027).

Market Opportunities
Growing spending on healthcare products coupled with the rising research and development will offer enormous growth opportunity to the market of dietary supplements. The U.S. Centers for Medicare & Medicaid, the U.S. health care spending grew 4.6% in 2018, reaching US$ 3.6 trillion or US$ 11,172 per person.

Market Trends
Growing preferences for vegan supplements due to the shifting preferences of people for vegan food is projected to propel the market growth of dietary supplements.

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Competitive Section
Key players operating in the dietary supplements market are Abbott Laboratories, Amway (Nutrilite), DuPont, NBTY Inc., Royal DSM N.V., Glanbia Plc., Bayer AG, GlaxoSmithKline PLC., Herbalife International, and BASF SE.

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Issued By Coherent Market Insights
Country India
Categories Business , Industry
Last Updated February 9, 2022