Increasing geriatric population across the globe and shifting consumer preference due to rising health awareness
VANCOUVER, BC, CANADA, March 14, 2022 /EINPresswire.com/ — The global dietary supplements market size reached USD 145.4 Billion in 2021 and is expected to register a revenue CAGR of 7.5% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for vegan products and rising prevalence of obesity and diabetes globally are factors expected to support market revenue growth between 2021 and 2030.
The growing trend of veganism is driving demand for plant-based dietary supplement products, which is expected to boost revenue growth of the market during the forecast period. Plants have certain essential nutrients that are found in animal-based products. Phytochemicals, antioxidants, vitamins, and minerals present in plants can help to keep human cells healthy, along with balancing the immune system. A healthy immune system is essential for reducing risks of diseases such as cancer as the system can recognize and attack mutations in cells before they can progress to disease. Furthermore, prolonged inflammation can damage tissues that can cause cancer and other inflammatory diseases, including arthritis, and plant-based dietary supplements can prevent these diseases and help to protect cells in the human body from damage and aging.
The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Dietary Supplements market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report: Abbott, Amway Corp., Procter & Gamble, Nestle, Herbalife International of America Inc., Arkopharma, Glanbia PLC, Nature’s Sunshine Product Types, Inc., American Health, and Capstone Nutrition, LLC.
The all-inclusive report on the Global Dietary Supplements Market demonstrates that the global Dietary Supplements market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Dietary Supplements market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Emergen Research has segmented the global dietary supplements market on the basis of product type, function, application, target consumer, and region:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
Function Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
Bone & Joint
Energy & Weight Management
Target Consumer Outlook (Revenue, USD Billion; 2019–2030)
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America (US, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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