Global Nutritional Supplements
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Nutritional Supplements Market Report 2024.
According to Cognitive Market Research, the Global Nutritional Supplements Market Size will be USD 343.84 Billion in 2023 and is set to achieve a market size of USD 596.92 Billion by the end of 2031 growing at a CAGR of 6.8% from 2024 to 2031
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Market Split by Product |
|
Market Split by Consumer group |
|
Market Split by Formulation |
|
Market Split by Distribution Channel |
|
Market Split by Conclusion | |
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Nutritional Supplements industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Nutritional Supplements Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Nutritional supplements are specially manufactured products designed to complement the diet and provide important nutrients that may be missing or insufficient in an individual's regular food consumption. These supplements are intended to improve regular food consumption and promote greater health, well-being, performance, or the prevention and treatment of specific diseases. Nutritional supplements are available in a variety of formats, including pills, capsules, tablets, powders, and liquids. These products typically contain vitamins, minerals, amino acids, herbs, or other dietary ingredients aimed at increasing the nutritional value of the diet. They are sold through a variety of outlets, including pharmacies, supermarkets, health food stores, internet marketplaces, and direct sales. Our bodies require carbohydrates, fats, and proteins to function and replenish throughout the day. Exercise depletes these macronutrients even further, therefore it's vital to try to replenish them through the foods we eat. Energy bars, protein bars, and protein powders are excellent sources of micronutrient supplementation for those who do not obtain enough from their usual diet. This ensures that your body has enough macronutrients to carry out its daily functions as well as produce and repair tissue following exercise. Chronic illnesses and dietary deficits have increased in recent years as a result of worldwide lifestyle changes. As consumers prioritize preventive healthcare, there has been an increase in demand for nutritional supplements. Furthermore, prominent market companies are offering novel nutritional supplements to increase their market share, resulting in the potential for market expansion. According to Invest India, Dietary supplements dominate India's nutrition and supplements market, accounting for more than 65% of total sales, with multinational brands and increased demand fueling efforts such as HealthKart and Patanjali.
(Source-https://www.investindia.gov.in/team-india-blogs/growing-nutraceuticals-market-india)
Chronic diseases, such as cardiovascular disease, diabetes, obesity, and cancer, are major challenges to the global healthcare system and economy. According to the WHO, these diseases claim the lives of 17 million people under the age of 70 each year. Nutritional supplements can help prevent or treat certain conditions by delivering important nutrients, antioxidants, and anti-inflammatory agents. Furthermore, nutritional deficiencies such as iron, iodine, and vitamin A insufficiency are common in low- and middle-income nations, affecting the health and development of millions of people. Nearly 2 billion individuals worldwide suffer from iodine deficiency, with 50 million exhibiting clinical symptoms. Nutritional supplements can assist in addressing these deficiencies and promote general well-being, propelling the global market.
The global elderly population is expanding, resulting in increased demand for health and wellness products. In 2022, the aging population will account for 10% of the global population, totaling 771 million. The projected growth rate is 16% by 2050 and 24% by 2100. Nutritional supplements for the aged address health issues such as joint support, cognitive function, and bone health, resulting in market growth.
The global market has a problem due to a lack of regulation and standardization for nutritional supplements, which can jeopardize their quality, safety, efficacy, and authenticity. Unlike medications, nutritional supplements are not subject to rigorous testing and approval by regulatory authorities such as the US Food and Drug Administration and the European Medications Agency. Manufacturers and dealers must ensure that their products, labeling, claims, and advertisements are accurate, although these standards might differ widely across countries and regions. Consumers may become confused and sceptical, as well as vulnerable to risks such as unpleasant side effects, contamination, adulteration, and fraudulent operations.
Major corporations are releasing new nutritional supplements in response to a growing interest in preventative healthcare. In October 2022, Bayer's consumer health division announced Supradyn Immuno+, a daily immunity booster. Ancient Nutrition, a health and wellness company, launched its first triple-certified nutritional supplement formulations in October 2023, which included 16 probiotics and herbal functional mushroom products. These goods have Regenerative Organic Certified® (ROC™), USDA Organic, and Non-GMO certifications. Ancient Nutrition hopes to set a good example for other businesses by offering consumers an alternative to organic products, resulting in profitable potential for nutritional supplement industry growth.
The COVID-19 pandemic has significantly impacted the nutritional supplements industry, with a surge in demand for immunity-boosting supplements. Despite the lack of prior evidence that these products prevent virus infection, the market for these supplements has grown globally. A survey by MDPI in December 2022 revealed that European participants used dietary supplements between 21-80% during the pandemic to reduce infection risk and strengthen immunity. Multivitamins, vitamin C, vitamin D, and zinc were the most commonly used supplements. The pandemic has also increased consumer health awareness, leading to a greater demand for nutritional supplements. The World Health Organization (WHO) reports that a balanced diet is crucial for quick recovery from various viruses, including SARS-CoV-2 infection. Despite the lack of proof that nutritional foods and supplements can prevent or cure COVID-19 infection, healthy diets are still important for immune system support. In the United Kingdom and other European countries, immunity-boosting supplements are selling well, fueling market expansion. Additionally, there is an increasing demand for sports nutrition products due to a growing preference for healthy active living and increased nutrition awareness among young athletes. E-commerce has made dietary and nutritional supplements more widely available, with sales continuing to rise despite challenges like product knowledge and compatibility concerns. Internet platforms have also thrived during the pandemic, with BY-HEALTH, a Chinese nutritional supplement company, experiencing a 46.83 percent increase in online revenue in Q1 2020. This accessibility has helped drive market expansion. For instance, according to the National Institutes Of Health, The COVID-19 pandemic had a substantial impact on the increase of potassium in dietary supplements, as marketing claims aiding the immune system were not permitted. The idea of multidirectional personalized supplementing emerged in 2020, with consumers looking for items with different qualities throughout various pandemic phases. The bulk of new items were multidirectional, with consumers looking for immune-boosting and nervous-system-improving products.
(Source-https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8622621/)
(Source-https://www.dsm.com/corporate/news/news-archive/2020/18-20-dsm-completes-acquisition-of-glycom.html)
(Source-https://www.nutraingredients-usa.com/Article/2024/01/29/January-Launch-Pad)
(Source-https://www.afaqs.com/news/mktg/deepak-chahar-launches-his-homegrown-sports-brand-dnine-sports)
We have various report editions of Nutritional Supplements Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
To meet the increasing demands of consumers the industry players are now investing and giving more attention to their research and development of Nutritional Supplements so that they sustain and survive in the competition. ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
Top Companies Market Share in Nutritional Supplements Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Research, the Asia Pacific region dominated the market and accounted for the highest revenue of XX% in 2023 and it is projected that it will grow at a CAGR of XX% in the future. This growth is supported by factors such as cheap raw material costs, the availability of functional foods, and widespread awareness of the health benefits of nutritional supplements have all fueled regional expansion.
North America is projected to grow at a CAGR of XX% over the period. The North American nutritional supplement industry is growing in popularity as health-conscious customers seek goods that will improve their health and quality of life. Industry companies such as Pfizer, Amway, Herbalife, and Abbott operate in the region, providing a wide range of goods and services to fulfill the demands of their customers.
The current report Scope analyzes Nutritional Supplements Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
According to Cognitive Market Research, the North America Nutritional Supplements Market Size will be USD 343.84 Billion in 2023 and is set to achieve a market size of USD 596.92 Billion by the end of 2031 growing at a CAGR of 6.8% from 2024 to 2031.
According to Cognitive Market Research, the Europe Nutritional Supplements Market Size will be USD 343.84 Billion in 2023 and is set to achieve a market size of USD 596.92 Billion by the end of 2031 growing at a CAGR of 6.8% from 2024 to 2031
According to Cognitive Market Research, the Asia-Pacific Nutritional Supplements Market Size will be USD 343.84 Billion in 2023 and is set to achieve a market size of USD 596.92 Billion by the end of 2031 growing at a CAGR of 6.8% from 2024 to 2031
According to Cognitive Market Research, the South America Nutritional Supplements Market Size will be USD 343.84 Billion in 2023 and is set to achieve a market size of USD 596.92 Billion by the end of 2031 growing at a CAGR of 6.8% from 2024 to 2031
According to Cognitive Market Research, the Middle East and Africa Nutritional Supplements Market Size will be USD 343.84 Billion in 2023 and is set to achieve a market size of USD 596.92 Billion by the end of 2031 growing at a CAGR of 6.8% from 2024 to 2031
Global Nutritional Supplements Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Nutritional Supplements Industry growth. Nutritional Supplements market has been segmented with the help of its Product, Consumer group Formulation, and others. Nutritional Supplements market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The functional food and beverages segment accounts for the largest market share and is expected to rise over the period. The growing demand for fortifying food additives and nutritional foods, as well as increased health awareness, are driving the expansion of the functional food industry. The idea began in Japan, where the government allowed fortified meals in 1980, resulting in increased demand for functional food products. The sports nutrition segment is anticipated to grow at a faster rate over a period of time. This can be ascribed to an increased emphasis on exercise and health to live a healthy lifestyle. Sports professionals, athletes, and fans have all supported sports nutrition products, resulting in the segment's rise.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Nutritional Supplements Industry. Request a Free Sample PDF!
The Adult segment is predicted to lead the market in 2023- 2030, This segment's growth is being driven by increased obesity rates, demand for functional foods, and a desire for health and exercise. The children's segment is the fastest-growing segment as parents become more aware of the health advantages of nutritional supplements, with baby boomers accounting for around 21% of the worldwide population in 2020.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
The powder category leads the worldwide nutritional supplement market, accounting for 37% of sales in 2022. This is due to its widespread availability and commercial presence, as well as the increasing popularity of green tea, dietary fibers, and protein powders. The capsules market is likely to be the most profitable, as capsules provide convenience and satisfy daily nutritional demands for busy customers who frequently do not eat properly. The powder sector is projected to maintain its market dominance.
The specialty retailers sector led the market in 2022-2030, accounting for the majority of sales. They sell a range of vitamins and brands, and salespeople may assist consumers find the correct supplement. E-commerce is the fastest-growing segment because of its expanding popularity and ease of refunds, replacements, payment alternatives, and discounts on numerous brands.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
With the help of the above study about the Nutritional Supplements market, it can be concluded that the market for Nutritional Supplements worldwide is expected to develop significantly in the near future. From the report, one can understand and infer the market dynamics, segmentations, status and trends, and key players in the market. It provides data regarding various topics such as market dimensions, prevailing trends, competitive landscape, and the outlook for prospective expansion. This allows the reader to understand and access reliable data about the market and industry.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.dsm.com/corporate/news/news-archive/2020/18-20-dsm-completes-acquisition-of-glycom.html
https://www.nutraingredients-usa.com/Article/2024/01/29/January-Launch-Pad
Disclaimer:
Product | Sports Nutrition, Fat Burners, Dietary Supplements, Functional Food & Beverages |
Consumer group | Infants, Children, Adults, Pregnant, Geriatric |
Formulation | Tablets, Capsules, Powder, Soft Gels, Liquid, Others |
Distribution Channel | Supermarkets, Hypermarkets, Speciality stores, E-commerce, Pharmacies, Other |
Conclusion | |
List of Competitors | Herbalife, Amway, Pfizer, Inc, Nestle, PepsiCo, Cardiff Sports Nutrition, Abbott Laboratories, GlaxoSmithKline Consumer Healthcare, Cipla Limited, Lupin Limited, Dabur India Ltd., Cliff Bar & Company, The Hut.Com L td., Nature’s Bounty, Danone S.A, Forever Living Products, Otsuka Holdings Co. Ltd, Nutraceutical International Corporation, NOW Foods, Bayer AG |
This chapter will help you gain GLOBAL Market Analysis of Nutritional Supplements. Further deep in this chapter, you will be able to review Global Nutritional Supplements Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Consumer group Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Formulation Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by Conclusion Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Nutritional Supplements market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Sports Nutrition have a significant impact on Nutritional Supplements market? |
What are the key factors affecting the Sports Nutrition and Fat Burners of Nutritional Supplements Market? |
What is the CAGR/Growth Rate of Infants during the forecast period? |
By type, which segment accounted for largest share of the global Nutritional Supplements Market? |
Which region is expected to dominate the global Nutritional Supplements Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Nutritional Supplements Market
Request Sample