SkyQuest projects that the vitamins and supplements market will reach $221.4 billion by 2030 at a CAGR of 6% during the forecast period (2023-2030). Growing global awareness of health and wellness is driving demand for vitamins and nutritional supplements, as people seek preventative measures to improve overall health and fill nutritional gaps in their diets.
WESTFORD, USA, Aug. 29, 2023 (GLOBE NEWSWIRE) -- A growing number of seniors worldwide are fueling the vitamin and supplement market as seniors focus on maintaining vitality through nutrition and addressing age-related health issues. . . support. objective.
See the detailed index in the Vitamins and Nutritional Supplements Market section.
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With a growing demand for vitamins and nutritional supplements tailored to meet specific needs such as immune support, cognitive health and fitness enhancement, a consumer shift towards personalized health solutions is driving the market.
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Major Players in the Vitamins and Dietary Supplements Market
Amway
Pfizer
Abbott Laboratories
Herbalife Nutrition
Glanbia PLC
expansion adm
Dupont de Nemours Corporation
The Lonza Group
Solar products from nature
Bayer AG
Nestle S
International nutraceutical company
OTSUKA SEALS CO., LTD
rainbow light
Sanofi
Himalayan Pharmaceutical Company
USANA Health Sciences Inc.
Vitamin store
Zhejiang Nhu Co., Ltd.
Now the food
The calcium supplements market segment is expected to grow due to increasing awareness about bone health.
Calcium supplements are showing rapid growth driven by increased awareness of bone health and osteoporosis prevention. Since consumers of all ages need strong skeletal support, calcium supplements are a targeted solution. This growth is also driven by increasing awareness of fitness and diet preferences, which is driving the demand for bone-strengthening options.
The Asia-Pacific region is emerging as the dominant region in the vitamins and supplements market due to its large population, high disposable income, and strong cultural focus on holistic health. Increasing health awareness, along with traditional health practices, is creating significant demand for a variety of dietary supplements.
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The multivitamin segment is expected to dominate the market with a holistic approach to address multiple nutritional needs.
Multivitamins dominate the segment with a holistic approach that aims to meet multiple nutritional needs in a single product. Their convenience appeals to a wide range of consumers as they provide a combination of essential vitamins and minerals and make it easier to take supplements for overall health.
Regional markets in North America are experiencing rapid growth due to public health concerns and a proactive approach to preventive healthcare. Dynamic fitness trends in the region and attention to nutritional supplements are expanding the market as consumers seek specific solutions for overall wellness and specific health goals.
A recent report provides a comprehensive analysis of the key players in the Vitamins and Dietary Supplements market. The report covers various aspects including collaborations, mergers, innovative business strategies and policies, providing valuable insights into key market trends and developments. Furthermore, the report examines the market share of key segments and provides detailed geographical analysis. Finally, the report highlights the key players in the industry and their efforts to develop innovative solutions to meet the growing demand.
Major events in the vitamin and supplement market
In May 2023, HUM Nutrition launched personalized vitamins and nutritional supplements in selected European countries, capitalizing on the trend of personalized health solutions.
In July 2023, Archer Daniels Midland (ADM) invested in a sustainable seaweed-based omega-3 supplement startup to provide sustainable nutritional solutions.
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Key Questions Answered in the Vitamins and Supplements Market Report
Which specific growth factors are expected to influence the market during the forecast period?
List the leading companies in the market and explain how they gained their influence.
How do regional trends and patterns differ from the global market and how do these differences shape future market growth?
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