World Vitamin Dietary supplements Market Evaluation Report 2021:
Dublin, December 30, 2021 (GLOBE NEWSWIRE) – The “Vitamin Diet Supplements Market Size, Proportion and Trend Analysis Report by Type (Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K), by Form , By Sales Channel and Segment Forecasts, 2021-2028 “report was added to ResearchAndMarkets.com to offer.
The global vitamin supplements market is projected to reach $ 71.37 billion by 2028. Growth of 6.2% is expected from 2021 to 2028.
The market is primarily driven by the growing awareness of food intake related to health.
The nutraceuticals industry is a developing and dynamic sector that offers new opportunities to collaborate scientific knowledge with the growing consumer interest in health-promoting foods. It tracks and monitors consumer trends and relationships with wholesalers, so the products developed in this industry are a response to direct demand. It is used to improve health, delay the aging process, prevent chronic diseases, increase life expectancy, and support the structure and function of the body.
Consumer awareness of health and wellness is shifting the trend towards the “prevention is better than cure” ideology. This has resulted in an increasing number of consumers relying on nutraceuticals, functional foods, and nutritional and vitamin supplements for healthy, disease-free lives.
Nutraceuticals, including vitamin supplements, have received immense focus in the recent past due to their nutritional and pharmaceutical benefits, as well as their safety for consumption without significant side effects. This has resulted in explosive growth in the nutraceutical market around the world.
Vitamin supplements are widely consumed as dietary supplements around the world as they are useful in treating various diseases and supporting general immunity. The manufacturers active in the market are seeing increasing demand due to the COVID-19 pandemic.
Vitamin Supplements Market Report Highlights
- According to Art, the multivitamin segment dominated the market in 2020 with a sales share of over 40%. This is due to the high demand for a vitamin blend to improve overall health and wellbeing
- In terms of shape, gummy bears are expected to grow at the fastest CAGR of 7% from 2021 to 2028. It’s a sweet jelly-like shape, easy to carry, and has better taste, mouthfeel, and essential nutrients
- Based on the sales channel, the online segment is expected to grow at the fastest CAGR of 6.9% from 2021 to 2028 as it enables the necessary supplements to be ordered directly from the website, as well as free shipping and home delivery services
- North America dominated the market with a sales share of over 30% in 2020. The increasing consumer demand for functional foods and nutritional supplements is a major driver for the market in the region
Key topics covered:
Chapter 1. Methodology and scope
Chapter 2. Summary
Chapter 3. Market Variables, Trends and Scope
3.1. Market line
3.2. Penetration and growth perspective mapping
3.3. Analysis of the industry’s value chain
3.3.1. Commodity trends
3.3.2. Vitamin preparations
3.3.3. Procurement best practices
3.3.4. Manufacturing trends
3.3.5. Analysis of the supplier selection criteria
3.3.6. Technology overview
3.4. Legal framework
3.5. Vitamin Supplements Market – Market Dynamics
3.5.1. Market driver analysis
3.5.2. Analysis of the market restrictions
3.5.3. Industry challenges
3.6. Business Environmental Tools Analysis: Vitamin Supplements Market
3.6.1. Porter’s Five Forces Analysis
3.6.2. PESTLE analysis
3.7. Important strategic deals & alliances
Chapter 4. Vitamin Supplements Market: Type Estimates and Trending Analysis
Chapter 5. Vitamin Supplements Market: Making Estimates and Trending
Chapter 6. Vitamin Supplements Market: Distribution Channel Estimates and Trend Analysis
Chapter 7. Vitamin Supplements Market: Regional Estimates and Trending Analysis
Chapter 8. Competitive Landscape
8.1. Global players, their initiatives and their impact on the market
8.2. Provider landscape
8.3. Analysis of the company’s market position
8.4. Company dashboard analysis
8.5. Strategic framework
Chapter 9. Company Profiles
- Glanbia Plc
- Pfizer Inc.
- Bayer AG
- Amway Corp.
- GlaxoSmithKline plc.
- Good health New Zealand
- The Nature’s Bounty Co.
- NOW groceries
- Herbalife Diet
- Nature’s Sunshine Products, Inc.
- NU SKIN
- RBK Nutraceuticals Pty Ltd.
- American Health, Inc.
Please visit https://www.researchandmarkets.com/r/v4yabs for more information on this report
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