Food Supplements Industry- By Ingredients (Vitamins, Botanicals, Omega Fatty Acids, Protein & Amino Acids, Fibers & Specialty Carbohydrates, and Minerals), By Form (Tablets, Powdered, Capsules, Liquids, Soft Gel, and Gummies), By Application (Energy & Weight Management, Bone & Joint Health, General Health, Immunity, Gastrointestinal Health, Cardiac Health, Sexual Health, Diabetes, Dermatitis Health, Prenatal Health, and Mental Health ), By Type (OTC and Prescribed), By End-User (Adults, Infants, Geriatric, Children, and Pregnant Women), and By Distribution Channel (Offline and Online) Market - Global Industry Analysis

Food Supplements Industry- By Ingredients (Vitamins, Botanicals, Omega Fatty Acids, Protein & Amino Acids, Fibers & Specialty Carbohydrates, and Minerals), By Form (Tablets, Powdered, Capsules, Liquids, Soft Gel, and Gummies), By Application (Energy & Weight Management, Bone & Joint Health, General Health, Immunity, Gastrointestinal Health, Cardiac Health, Sexual Health, Diabetes, Dermatitis Health, Prenatal Health, and Mental Health ), By Type (OTC and Prescribed), By End-User (Adults, Infants, Geriatric, Children, and Pregnant Women), and By Distribution Channel (Offline and Online): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022 – 2028

Published Date: 29-Apr-2022 Category: Food & Beverage Report Format : PDF Pages: 155 Report Code: ZMR-6994 Status : Published

The global Food Supplements Industry accrued earnings worth approximately 161.2 (USD Billion) in 2021 and is predicted to gain revenue of about 321.2(USD Billion) by 2028, is set to record a CAGR of nearly 8.8% over the period from 2022 to 2028.

Description

The global Food Supplements Industry accrued earnings worth approximately 161.2 (USD Billion) in 2021 and is predicted to gain revenue of about 321.2(USD Billion) by 2028, is set to record a CAGR of nearly 8.8% over the period from 2022 to 2028. The study provides assessment and analysis of the Food Supplements Industry on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

Food Supplements Industry: Overview

Food supplements comprise of minerals, herbs, and vitamins apart from enzymes and amino acids. They are available in various forms including gummies, tablets, powders, and capsules. Most of popular food supplements comprise of Vitamin B12 and Vitamin D. Apart from this, it also consist of minerals such as calcium & iron, herbs like garlic & Echinacea, and products including fish oils, glucosamine, and probiotics. Some of food supplements help individual get key nutrients though the person does not eat nutritive diet.         Moreover, food authorities such as FDA regulate both finished food supplements & ingredients under a set of laws and as per DSHEA (Dietary Supplement Health and Education Act) of 1994.       

Global Food Supplements Industry Market

Food Supplements Industry: Growth Drivers

Massive use of food supplements has contributed significantly towards vitamin & mineral intake in diet of individuals, thereby driving market growth. According to NIH researchers, U.S. adults consume five times more vitamin B6, riboflavin, and thiamin supplements than foods. Furthermore, food supplements are prescribed in low & middle income group nations having micronutrient deficiencies such as iodine, vitamin A, and Zinc deficiency. Apparently, food supplements are recommended when food-driven approaches such as food fortification, food modification, and food provision cannot fulfill goal of adequate intake of minerals and vitamins in individuals. All these aforementioned aspects will steer growth of food supplements market.

With working populace across globe not able to fulfill routine nutrient needs due to hectic work schedule, market for food supplements is anticipated to gain traction in years ahead. Rising expenditure on healthcare items and surge in geriatric population that require more vitamins & minerals for withstanding wearing of body parts has translated into humungous demand for food supplements across globe. Additionally, rise in intake of food supplement by sports persons and individuals performing physical & fitness activities will prop up expansion of food supplements industry. Moreover, COVID-19 pandemic has created huge demand for food supplements such as Zinc and Vitamin C, thereby contributing majorly towards food supplements market earnings.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Food Supplements Industry: Regional Growth Factors

North America To Make Notable Contributions Towards Regional Industry Size

Expansion of regional industry over forecasting years can be credited to massive intake of vitamin & mineral supplements as well as fish oil supplements in region. As per NCBI study, consumption of vitamin D supplements in the U.S. increased fourfold in adults during year 1999 to year 2012. For the record, intake of omega-3 fatty acid supplements was also enhanced sevenfold during the same period among the U.S. adults.

Food Supplements Industry: Competitive Insights

Some of major players have strongly leveraged growth of food supplements industry and are likely to do so even in upcoming years. They include Amway Corporation, Abbott Laboratories, Glanbia plc, Bayer AG, Pfizer Inc., The Archer-Daniels-Midland Company, Nu Skin Enterprises, Bionova Lifesciences, GlaxoSmithKline plc, ARKOPHARMA Laboratories, Company Limited, Herbalife Nutrition Ltd., and Nature’s Sunshine Products, Incorporated.

The global Food Supplements Industry is segmented as follows:

By Ingredients

  • Vitamins
  • Botanicals
  • Omega Fatty Acids
  • Protein & Amino Acids
  • Fibers & Specialty Carbohydrates
  • Minerals

By Form

  • Tablets
  • Powdered
  • Capsules
  • Liquids
  • Soft Gel
  • Gummies

 

By Application

  • Energy & Weight Management
  • Bone & Joint Health
  • General Health
  • Immunity
  • Gastrointestinal Health
  • Cardiac Health
  • Sexual Health
  • Diabetes
  • Dermatitis Health
  • Prenatal Health
  • Mental Health

By Type

  • OTC
  • Prescribed

By End-User

  • Adults
  • Infants
  • Geriatric
  • Children
  • Pregnant Women

By Distribution Channel

  • Offline
  • Online

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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FrequentlyAsked Questions

Massive use of food supplements has contributed significantly towards vitamin & mineral intake in diet of individuals, thereby driving market growth.

According to Zion market research report, The global Food Supplements Industry accrued earnings worth approximately 161.2 (USD Billion) in 2021 and is predicted to gain revenue of about 321.2(USD Billion) by 2028, is set to record a CAGR of nearly 8.8% over the period from 2022 to 2028.

North America will contribute sizably towards the global industry revenue over the projected timeline. Expansion of regional industry over forecasting years can be credited to massive intake of vitamin & mineral supplements as well as fish oil supplements in region.

The key industry participants leveraging industry sphere include Amway Corporation, Abbott Laboratories, Glanbia plc, Bayer AG, Pfizer Inc., The Archer-Daniels-Midland Company, Nu Skin Enterprises, Bionova Lifesciences, GlaxoSmithKline plc, ARKOPHARMA Laboratories, Company Limited, Herbalife Nutrition Ltd., and Nature’s Sunshine Products, Incorporated.

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