Dietary supplements market globally will grow USD 220.3 billion by 2022 and increasing at 8.8% CAGR through 2022.
The report covers forecast and analysis for the dietary supplement market on a global and regional level. The study provides historic information of 2016 with a forecast from 2017 to 2022 based on revenue (USD Billion). The study covers the key drivers and restraints for the dietary supplement market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the dietary supplement market on a global level.
In order to offer the users of this report a comprehensive read on the dietary supplement market, we have provided a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the dietary supplement market has additionally been enclosed within the study. The study encompasses a market attractiveness analysis, whereby application, ingredient, and region segments are benchmarked on the basis of their market size, rate, and general attractiveness.
The report also covers the market share of the key participant’s operative in the respective market across the globe. Additionally, the report covered the strategic development together with acquisitions & mergers, new resins launch, agreements, partnerships, collaborations and joint ventures and resins & regional growth of major participants concerned within the market on the international and regional basis. Additionally, it covers the ingredient portfolio and patent analysis (2011-2016) divided into a patent trend, patent share by company and patent analysis in accordance with the region.
The study provides a crucial view on the dietary supplement market by segmenting the market based on its segmentation. The segmentation included application, ingredient, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. Based on the ingredient, the global dietary supplement included in this study are botanicals, vitamins, minerals, amino acids, enzymes. Additional supplement, medicinal supplement, sports nutrition applications are the key application segment of dietary supplement market. In addition, the regional classification includes the major countries and regions such as Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa. These regions are further segmented into U.S., U.K., Germany, France, Japan, China, India and Brazil.
The study provides the detailed company profiles of the global market along with the in-depth description of participants that includes constraints such as company overview, financials, recent developments and the strategy of the company. Thus, some of the key manufacturers included in the study are Amway, Integrated BioPharma, Inc., NBTY, Inc., Herbalife Ltd., Omega Protein Corporation, Nu Skin Enterprises, Inc., Bayer AG, Naturalife Asia Co., Ltd., Nu Skin Enterprises, Inc., Blackmores Ltd., BASF SE, Epax AS, Surya Herbal Ltd., Koninklijke DSM N.V., Bio-Botanica Inc., The Himalaya Drug Company, Ricola AG, Pharmavite LLC, Blackmores Ltd., and Axellus AS.
This report segments the dietary supplements market as follows:
Dietary Supplements Market: Ingredient Analysis
Dietary Supplements Market: Application Analysis
Dietary Supplements Market: Regional Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Dietary Supplements market. Zion Research has collected and analyzed key data belong to the global Dietary Supplements market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Dietary Supplements across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Dietary Supplements industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Dietary Supplements market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Dietary supplements include vitamins, minerals, herbals, amino acid and various other products. Dietary supplements come in a number of forms such as capsule, powder, tablets, energy bars, and drinks. Popular dietary supplements include vitamins D and E; minerals like calcium and iron; herbs such as Echinacea and garlic; and specialty products like glucosamine, probiotics, and fish oils.Some dietary supplements are beneficial for overall health. For instance, calcium and vitamin D are important for keeping bones strong and reducing bone loss and folic acid decreases the risk of some birth defects.
The worldwide market for dietary supplements is expected to grow at a significant rate owing to rising awareness towards calorie reduction and weight loss. Furthermore, increasing the importance of proteins among consumers in emerging markets including India and China on account of implementation of new marketing campaigns for brand promotions by companies Pfizer and Amway is expected to boost the market within the forecast period.Additionally, increasing the dominance of fitness and sports along with new product launches is likely to have a significant impact on the industry in near future.
Global dietary supplements market has been segmented on the basis of the ingredient, application, and region. On the basis of the ingredient, dietary supplements market is classified into botanicals, vitamins, minerals, amino acids, enzymes. In 2016, vitamin was the largest ingredient segment in the dietary supplement market owing to their ability to be readily excreted by kidneys. Botanical extracts are expected to grow at fast in coming years due to rising prominence of herbs for the prevention of physical as well as mental disorders in the human body.
On the basis of the application, the market is classified into an additional supplement, medicinal supplement, sports nutrition applications. Additional supplements held the largest market share in 2016 owing to rising awareness towards weight loss and maintenance of a healthy lifestyle among adults and old-aged people in emerging countries. Sports nutrition application segment also registers a considerable growth in the forecast period. Growing demand for energy drinks prepared with egg and whey protein among sports professionals is expected to augment dietary supplements consumption over the next few years.
Asia-Pacific was the largest market accounting for a significant share of the total market in 2016. Increasing disposable income, rising consumer expenditure towards nutritional fortification and growth of retail channels are expected to be the major driving factors for dietary supplements market in developing countries including India, Thailand, and China. Furthermore, the introduction of e-commerce portals in the region is expected to have a positive impact in the years to come.
Major dietary supplements manufacturers include Amway, Integrated BioPharma, Inc., NBTY, Inc., Herbalife Ltd., Omega Protein Corporation, Nu Skin Enterprises, Inc., Bayer AG, Naturalife Asia Co., Ltd., Nu Skin Enterprises, Inc., Blackmores Ltd., BASF SE, Epax AS, Surya Herbal Ltd., Koninklijke DSM N.V., Bio-Botanica Inc., The Himalaya Drug Company, Ricola AG, Pharmavite LLC, Blackmores Ltd., and Axellus AS among others.