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Dublin, December 30, 2021 (GLOBE NEWSWIRE) – The Vitamin Supplements Market Size, Share and Trend Analysis Report by Type (Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K), by Form, by Channel distribution and segment forecast, 2021-2028 †the report was added to ResearchAndMarkets.com offer.
The global vitamin supplements market size is expected to reach USD 71.37 billion by 2028. It is expected to grow at a CAGR of 6.2% from 2021 to 2028.
The market is primarily driven by the growing awareness of the nutritional intake associated with health.
The nutraceutical industry is an evolving and dynamic sector, which offers new opportunities for collaboration between scientific discoveries and the growing interest of consumers in healthy foods. It follows and monitors consumer trends and relationships with mass distributors, so products developed in this industry are in response to direct demand. It is used to improve health, delay the aging process, prevent chronic disease, increase life expectancy, and support the structuring and functioning of the body.
Raising consumer awareness of health and wellness is shifting the trend towards the “prevention is better than cure†ideology. This has led more and more consumers to rely on nutraceuticals, functional foods, and dietary and vitamin supplements to lead healthy, disease-free lives.
Nutraceuticals, including vitamin supplements, have received considerable attention in the recent past due to their nutritional and pharmaceutical benefits, as well as being safe for consumption without significant side effects. This has led to explosive growth in the nutraceutical market across the globe.
Vitamin supplements are widely consumed as nutritional supplements across the world as they are helpful in treating various illnesses and supporting overall immunity. Manufacturers operating in the market have seen increased demand due to the COVID-19 pandemic.
Highlights of Vitamin Supplements Market Report
- On the basis of type, the multivitamin segment dominated the market in 2020 with a revenue share of over 40%. This is due to the high demand for a vitamin blend for the overall improvement of health and well-being.
- In terms of shape, jelly candies are expected to grow at the fastest CAGR of 7% from 2021 to 2028. It is a sweet jelly form that is easy to carry and has better taste, good mouthfeel. and essential nutrients.
- Based on the distribution channel, the online segment is expected to grow at the fastest CAGR of 6.9% from 2021 to 2028, as it makes it easy to order the required supplements directly from the website, as well as free delivery and home delivery services.
- North America has dominated the market with a revenue share of over 30% in 2020. The growing demand for functional foods and health supplements among consumers is a major factor driving the market in the region.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Market Variables, Trends and Scope
3.1. Market lineage
3.2. Mapping of penetration and growth prospects
3.3. Industry value chain analysis
3.3.1. Commodity trends
3.3.2. Vitamin supplements
3.3.3. Best procurement practices
3.3.4. Manufacturing trends
3.3.5. Analysis of supplier selection criteria
3.3.6. Technology overview
3.4. Regulatory framework
3.5. Vitamin Supplements Market – Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Analysis of market restrictions
3.5.3. Industry challenges
3.6. Analysis of commercial environmental tools: vitamin supplements market
3.6.1. Porter’s Five Forces Analysis
3.6.2. PESTLE analysis
3.7. Major strategic agreements and alliances
Chapter 4. Vitamin Supplements Market: Type Estimates and Trend Analysis
Chapter 5. Vitamin Supplements Market: Form Estimates and Trend Analysis
Chapter 6. Vitamin Supplements Market: Distribution Channel Estimates and Trend Analysis
Chapter 7. Vitamin Supplements Market: Regional Estimates and Trend Analysis
Chapter 8. Competitive landscape
8.1. Key global players, their initiatives and their impact on the market
8.2. Supplier landscape
8.3. Analysis of the company’s position on the market
8.4. Analysis of the company’s dashboard
8.5. Strategic framework
Chapter 9. Company Profiles
- Glanbia Plc
- Pfizer Inc.
- Bayer AG
- Amway Corp.
- GlaxoSmithKline plc.
- Good health New Zealand
- Nature’s Bounty Co.
- Foods NOW
- Abbott
- Herbalife Nutrition
- Nature’s Sunshine Products, Inc.
- BARE SKIN
- RBK Nutraceuticals Pty Ltd.
- American Health, Inc.
- Pharmavite
For more information on this report, visit https://www.researchandmarkets.com/r/v4yabs
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