Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.71 Billion | USD 29.32 Billion | 4.5% | 2020 |
The global Liquid Dietary Supplements market accrued earnings worth approximately 21.71(USD Billion) in 2020 and is predicted to gain revenue of about 29.32(USD Billion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2021 to 2028. The report offers an assessment and analysis of the Liquid Dietary Supplements market on a global and regional level. The study 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 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Liquid dietary supplements are consumed for helping body gain extra nutrition. These products are more efficient than nutrition in powdered or pill form as they can be easily absorbed directly into human blood. They are available in various flavors and tastes. Furthermore, liquid dietary supplements comprise of pharmacologically active ingredients and coincide with fruit juice in appearance as well as packaging. The introduction of ready-to-drink dietary supplements will create value for liquid dietary supplements business in near future. Apparently, liquid dietary supplements comprise o high nutritive contents and are convenient to store & consume.
The surge in number of health-conscious populations will generate new growth avenues for liquid dietary supplements market in upcoming years. With massive inflation in geriatric population and need for easy food intake & liquid diet with new flavors has culminate into humungous market demand. Large-scale intake of botanically-based drinks such as mangosteen, noni, and acai will further popularize liquid dietary supplements, thereby driving market trends. In addition to this, growing demand for healthy lifestyles and awareness about nutritive food products will enlarge scope of the liquid dietary supplements market. Escalating need of liquid dietary supplements in sports activities to increase energy in sportspersons and maintain fitness levels in them will expedite the expansion of liquid dietary supplements industry. Rise in health awareness among young, teenage, and adult populations and the increase in consciousness pertaining to health benefits derived due to consumption of energy drinks has culminated into the humungous sale & penetration of liquid dietary supplements across globe. This has contributed majorly to overall liquid dietary supplements market size.
Expansion of liquid dietary supplements market in Asia Pacific region over forecasting years can be due to the massive presence of huge patient population pool with unmet medical requirements. In addition to this, changing lifestyles and altering eating habits & patterns along with changing food & beverage preferences among the teenage population & youths in the sub-continent will steer growth of liquid dietary supplements market in Asia Pacific zone. Apart from this, surge in purchasing capacity of middle-income group populace and rise in spending on nutritive diets by people in the region will drive regional market trends.
Key participants profiled in report and impacting market size include Abbot Laboratories, Glanbia Plc, Liquid Health, Inc., Bayer AG, DuPont Nutrition & Biosciences, Amway, GlaxoSmithKline Plc, BASF SE, Herbalife International, and Koninklijke DSM.
Report Attributes | Report Details |
---|---|
Report Name | Liquid Dietary Supplements Market Report |
Market Size in 2020 | USD 21.71 Billion |
Market Forecast in 2028 | USD 29.32 Billion |
Growth Rate | CAGR of 4.5% |
Number of Pages | 130 |
Key Companies Covered | Abbot Laboratories, Glanbia Plc, Liquid Health, Inc., Bayer AG, DuPont Nutrition & Biosciences, Amway, GlaxoSmithKline Plc, BASF SE, Herbalife International, and Koninklijke DSM. |
Segments Covered | By Ingredients, By Application, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2020 |
Historical Year | 2017 to 2020 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
FrequentlyAsked Questions
Surge in number of health-conscious population will generate new growth avenues for liquid dietary supplements market in upcoming years. With massive inflation in geriatric population and need for easy food intake & liquid diet with new flavors has culminate into humungous market demand. Large-scale intake of botanically-based drinks such as mangosteen, noni, and acai will further popularize liquid dietary supplements, thereby driving market trends. In addition to this, growing demand for healthy lifestyle and awareness about nutritive food products will enlarge scope of liquid dietary supplements market. Escalating need of liquid dietary supplements in sports activities to increase energy in sportspersons and maintain fitness levels in them will expedite expansion of liquid dietary supplements industry. Rise in health awareness among young, teenage, and adult population and increase in consciousness pertaining to health benefits derived due to consumption of energy drinks has culminated into humungous sale & penetration of liquid dietary supplements across globe. This has contributed majorly towards overall liquid dietary supplements market size.
According to Zion market research report, the global Liquid Dietary Supplements market accrued earnings worth approximately 21.71(USD Billion) in 2020 and is predicted to gain revenue of about 29.32(USD Billion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to massive presence of huge patient population pool with unmet medical requirements. In addition to this, changing lifestyles and altering eating habits & patterns along with changing food & beverage preferences among teenage population & youths in the sub-continent will steer growth of liquid dietary supplements market in Asia Pacific zone. Apart from this, surge in purchasing capacity of middle income group populace and rise in spending on nutritive diets by people in the region will drive regional market trends.
The key market participants include Abbot Laboratories, Glanbia Plc, Liquid Health, Inc., Bayer AG, DuPont Nutrition & Biosciences, Amway, GlaxoSmithKline Plc, BASF SE, Herbalife International, and Koninklijke DSM.
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