GLOBAL DIETARY SUPPLEMENT MARKET FORECAST 2019-2027

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GLOBAL DIETARY SUPPLEMENT MARKET FORECAST 2019-2027

Inkwood research estimates that the dietary supplement market will grow with an anticipated CAGR of 6.08% during the forecast period and will reach revenue of $2389.71 million by the end of 2027. The forecasted period is between 2019 and 2027, whereas the base year considered for the market study is 2018. Growing demand for dietary supplements in the health and wellness industry is a major factor driving the market growth in the forecasted period 2019-2027. Rising health awareness among different ages on a global level is anticipated to play a vital role in increasing the number of gymnasiums.

GLOBAL DIETARY SUPPLEMENT MARKET FORECAST 2019-2027

Global Dietary Supplement Market by Ingredient (Botanical, Vitamins, Minerals, Amino Acids, Enzymes, Others) by Product (Tablets, Capsules, Powder, Liquids, Soft Gels, Gel Caps) by Application (Additional Supplement, Medicinal Supplement, Sports Nutrition) by End User (Infant, Children, Adults, Pregnant Women, Old-aged) & by Geography

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Inkwood research estimates that the dietary supplement market will grow with an anticipated CAGR of 6.08% during the forecast period and will reach revenue of $2389.71 million by the end of 2027. The forecasted period is between 2019 and 2027, whereas the base year considered for the market study is 2018.

The following factors drive the global dietary supplement market:

  • Elevated demand for supplements in the health and wellness industry
  • Encouraging outlook towards sports nutrition
  • A budding interest in medical nutrition
  • The upsurge in the aging population worldwide

Dietary Supplement market

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Growing demand for dietary supplements in the health and wellness industry is a major factor driving the market growth in the forecast period 2019-2027. Rising health awareness among different ages on a global level is anticipated to play a vital role in increasing the number of gymnasiums. Furthermore, prominent key players have increased their spending for the development of gymnasiums and health centers in their commercial offices. As a result, the health & wellness segment is projected to witness an increase in the application, which will play a critical role in promoting the use of dietary supplements over the forecast period. Also, swelling demand from bodybuilders is expected to act as a key driver to spur the market growth over the forecast period.

Tablets are the leading segment in terms of revenue in the global dietary supplement market, with around 39.45% market share in 2018. Tablets can be manufactured in various shapes & sizes and have higher absorption rates. Also, children find flavored, chewable vitamins in various shapes attractive. Rising sales of multivitamin tablet sales in emerging markets of China and India in light of new product launches by GlaxoSmithKline and Pfizer is likely to keep high demand for tablets. The aforementioned factors are propelling the market growth in the projected period. Moreover, the powder segment is the fastest-growing segment with a CAGR of XX% during the forecast period. Powders are usually tinted and can be liquefied in any drink of the consumer’s choice. Powders are the most preferred supplement forms by athletes. Increasing the consumption of supplements for building muscles and maintaining wellbeing are some of the major factors contributing to the growth of this segment.

However, the easy availability of counterfeit products is restraining market growth globally. Counterfeiting of the products is an underground phenomenon globally. Data pertaining to counterfeiting is rarely available. According to the data published by Italian Medicines Agency (AIFA), over the past five years, 27 known counterfeit medicines cases were reported in the legitimate supply chain, whereas 170 cases were reported in the illegitimate supply chain among the EU member states.

Report scope of the global dietary supplement market covers segmentation analysis of ingredient, product, application, and end-user.

Market by Ingredient:

  • Botanicals
  • Enzymes
  • Minerals
  • Vitamins
  • Amino acids
  • Others

Market by Product:

  • Tablets
  • Gel Caps
  • Capsules
  • Soft Gels
  • Powder
  • Liquids

Market by Application:

  • Additional supplement
  • Medicinal supplements
  • Sports nutrition

Market by End User:

  • Infant
  • Old-aged
  • Children
  • Pregnant women
  • Adults

Geographically, North America is the largest market with a market share of 31.84% in terms of revenue in 2018. The dominance of North America is attributed to the presence of a majority of the key players that are offering dietary supplements in the region. Increase in sales of dietary supplements due to hectic work life and a rise in lifestyle-related diseases are fueling the market demand for dietary supplements. Moreover, the easy availability of supplements and the rise of small scale companies in the market is further propelling market growth.

On the other hand, Asia Pacific is the fastest-growing region with a CAGR of XX% owing to rising awareness towards nutritional enrichment in China and India is anticipated to remain a favorable factor for the market. In addition, the Chinese government prioritized national initiatives that support the demand for complementary medicines in its 13th Five Year Plan (2016-2020). These initiatives are expected to boost the market in the coming year. Furthermore, expansion in the retail market in emerging markets including Indonesia is driving the market growth

The global dietary supplement market is sub-segmented into the ingredient, application, product, and end use. Ingredient segment is divided into botanicals, minerals, vitamins, enzymes, amino acids, and others. The product segment is segmented into liquids, tablets, powder, capsules, soft gels, and gel caps. Application is segmented into additional supplements, medicinal supplements, and sports nutrition. End Use is segmented into an infant, adults, children, old aged, and pregnant woman.

The market has the presence of several players, and some of the key players involved in the global dietary supplement market are:

  • Bayer AG
  • Amway Corporation
  • GNC Holdings
  • Blackmores Ltd.
  • Others

In October 2018 Glanbia PLC engaged in an agreement to obtain Slimfast. Slimfast is a weight managing brand and is primarily present in the food and drug industry in the US and UK. Also, in April 2018, Merck KGAA entered into a contract to sell its consumer health business to Procter & Gamble.

Key findings of the global dietary supplement market:

  • North America leads the global dietary supplement market by capturing the largest market share of around 31.84 % in 2018.
  • Asia Pacific dietary supplement market is anticipated to grow at the highest CAGR of XX% during the forecast period of 2019-2027.
  • The continued rise of multivitamin tablets augmented the growth of the dietary supplement market for the forecast period.
  • Powder segment accounts for the largest share in the dietary supplement market and is projected to grow with a CAGR of XX% during the forecasted period.
  • Tablet in the dietary supplement market is projected to grow fastest in the market at CAGR of XX% during the forecasted period.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC DOMINATES THE OVERALL MARKET
      • EXPANDING DEMAND FOR MULTIVITAMIN TABLETS
      • UPSURGE IN AGING POPULATION WORLDWIDE
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • ELEVATED DEMAND OF SUPPLEMENT IN HEALTH AND WELLNESS INDUSTRY
      • ENCOURAGING OUTLOOK TOWARDS SPORTS NUTRITION
      • BUDDING INTEREST IN MEDICAL NUTRITION
      • RISE IN PREVALENCE OF ACTIVE LIVING
    • MARKET RESTRAINTS
      • EASY AVAILABILITY OF COUNTERFEIT PRODUCTS
      • REGULATORY CONCERNS IMPACTING THE MARKET GROWTH
    • MARKET OPPORTUNITIES
      • GROWING DEMAND FOR NUTRACEUTICAL PRODUCTS IN E-COMMERCE DOMAIN
      • RISING INTEREST IN PLANT-BASED SUPPLEMENT
    • MARKET CHALLENGES
      • RISING DEMAND FOR FUNCTIONAL FOODS
      • NEGATIVE PUBLICITY AFFECTING THE OVERALL MARKET
  1. MARKET BY INGREDIENT
    • BOTANICAL
    • VITAMINS
    • MINERALS
    • AMINO ACIDS
    • ENZYMES
    • OTHERS
  2. MARKET BY PRODUCT
    • TABLETS
    • CAPSULES
    • POWDER
    • LIQUIDS
    • SOFT GELS
    • GEL CAPS
  3. MARKET BY APPLICATION
    • ADDITIONAL SUPPLEMENT
    • MEDICINAL SUPPLEMENT
    • SPORTS NUTRITION
  4. MARKET BY END USER
    • INFANT
    • CHILDREN
    • ADULTS
    • PREGNANT WOMEN
    • OLD-AGED
  5. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • COMPANY BACKGROUND AND EXPERIENCE
      • COST
      • EASE OF USE
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  6. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • ABBOTT LABORATORIES
    • BAYER AG
    • GLANBIA PLC
    • GLAXOSMITHKLINE PLC
    • HERBALIFE
    • MERCK KGAA
    • OTSUKA HOLDINGS CO. LTD.
    • PFIZER
    • RECKITT BENCKISER GROUP PLC
    • SANOFI SA
    • SUNTORY HOLDINGS LIMITED
    • NATURE’S BOUNTY
    • AMWAY CORPORATION
    • GNC HOLDINGS
    • BLACKMORES LTD

LIST OF TABLES

TABLE 1: GLOBAL DIETARY SUPPLEMENT MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL DIETARY SUPPLEMENT MARKET, BY INGREDIENT, 2019-2027 (IN $ MILLION)

TABLE 3: GLOBAL BOTANICAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 4: GLOBAL VITAMINS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL MINERALS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL AMINO ACIDS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL ENZYMES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL DIETARY SUPPLEMENT MARKET, BY PRODUCT, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL TABLETS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL CAPSULES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL POWDER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL LIQUIDS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL SOFT GELS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL GEL CAPS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL DIETARY SUPPLEMENT MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 17: GLOBAL ADDITIONAL SUPPLEMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18: GLOBAL MEDICINAL SUPPLEMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19: GLOBAL SPORTS NUTRITION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 20: GLOBAL DIETARY SUPPLEMENT MARKET, BY END USER 2019-2027 (IN $ MILLION)

TABLE 21: GLOBAL INFANT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 22: GLOBAL CHILDREN MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 23: GLOBAL ADULTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 24: GLOBAL PREGNANT WOMEN MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 25: GLOBAL OLD-AGED MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 26: OPPORTUNITY MATRIX

TABLE 27: VENDOR LANDSCAPE

TABLE 28: GLOBAL DIETARY SUPPLEMENT MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 29: NORTH AMERICA DIETARY SUPPLEMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 30: EUROPE DIETARY SUPPLEMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 31: ASIA PACIFIC DIETARY SUPPLEMENT MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 32: REST OF WORLD DIETARY SUPPLEMENT MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: GLOBAL DIETARY SUPPLEMENT MARKET, BY GEOGRAPHY, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL DIETARY SUPPLEMENT MARKET, BY BOTANICAL, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL DIETARY SUPPLEMENT MARKET, BY VITAMINS, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL DIETARY SUPPLEMENT MARKET, BY MINERALS, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL DIETARY SUPPLEMENT MARKET, BY AMINO ACIDS, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL DIETARY SUPPLEMENT MARKET, BY ENZYMES, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL DIETARY SUPPLEMENT MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL DIETARY SUPPLEMENT MARKET, BY TABLETS, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL DIETARY SUPPLEMENT MARKET, BY CAPSULES, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL DIETARY SUPPLEMENT MARKET, BY POWDER, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL DIETARY SUPPLEMENT MARKET, BY LIQUIDS, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL DIETARY SUPPLEMENT MARKET, BY SOFT GELS, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL DIETARY SUPPLEMENT MARKET, BY GEL CAPS, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL DIETARY SUPPLEMENT MARKET, BY ADDITIONAL SUPPLEMENT, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL DIETARY SUPPLEMENT MARKET, BY MEDICINAL SUPPLEMENT, 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL DIETARY SUPPLEMENT MARKET, BY SPORTS NUTRITION 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL DIETARY SUPPLEMENT MARKET, BY INFANT, 2019-2027 (IN $ MILLION)

FIGURE 18: GLOBAL DIETARY SUPPLEMENT MARKET, BY CHILDREN, 2019-2027 (IN $ MILLION)

FIGURE 19: GLOBAL DIETARY SUPPLEMENT MARKET, BY ADULTS, 2019-2027 (IN $ MILLION)

FIGURE 20: GLOBAL DIETARY SUPPLEMENT MARKET, BY PREGNANT WOMEN, 2019-2027 (IN $ MILLION)

FIGURE 21: GLOBAL DIETARY SUPPLEMENT MARKET, BY OLD-AGED, 2019-2027 (IN $ MILLION)

FIGURE 22: PORTER’S FIVE FORCE ANALYSIS

FIGURE 23: KEY BUYING IMPACT ANALYSIS

FIGURE 24: GLOBAL DIETARY SUPPLEMENT MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 25: UNITED STATES DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: CANADA DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: UNITED KINGDOM DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: GERMANY DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: FRANCE DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: SPAIN DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: ITALY DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: REST OF EUROPE DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: CHINA DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: JAPAN DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: INDIA DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: SOUTH KOREA DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: AUSTRALIA DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: REST OF ASIA PACIFIC DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: LATIN AMERICA DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: MIDDLE EAST & AFRICA DIETARY SUPPLEMENT MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY INGREDIENT
    • BOTANICAL
    • VITAMINS
    • MINERALS
    • AMINO ACIDS
    • ENZYMES
    • OTHERS
  2. MARKET BY PRODUCT
    • TABLETS
    • CAPSULES
    • POWDER
    • LIQUIDS
    • SOFT GELS
    • GEL CAPS
  3. MARKET BY APPLICATION
    • ADDITIONAL SUPPLEMENT
    • MEDICINAL SUPPLEMENT
    • SPORTS NUTRITION
  4. MARKET BY END USER
    • INFANT
    • CHILDREN
    • ADULTS
    • PREGNANT WOMEN
    • OLD-AGED
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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