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Global Dietary Supplements Market: Trends and Forecasts

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Global Dietary Supplements Market: Trends and Forecasts

April 21
21:16 2023
Global Dietary Supplements Market: Trends and Forecasts
MarketsandMarkets™
North America is projected to be the largest market during the forecast period. This is attributed to the widespread consumption of food and nutritional supplements in the US and Canada. The market for dietary supplements in the Asia Pacific is projected to register the highest growth during the forecast period.

The global dietary supplements market is estimated at USD 155.2 billion in 2022; it is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. Increasing awareness regarding nutrition and healthy lifestyles is driving the market for dietary supplements. It is widely known that having a healthy immune system can help reduce the risk or severity of diseases and infections. When combined with proper nutrition, dietary supplements can enhance the body’s natural defenses and immunity. As people become more conscious of holistic wellbeing, the demand for immunity-boosting products is expected to increase in the coming years.

Dietary Supplements Market

What are Dietary Supplements?

Dietary supplements are products that contain one or more dietary ingredients, such as vitamins, minerals, herbs, or other botanicals. They come in various forms, including capsules, tablets, powders, and liquids, and are intended to supplement a person’s diet.

The Global Dietary Supplements Market: Trends and Forecasts show that the most popular dietary supplements are vitamins and minerals. They are followed by specialty supplements, such as sports nutrition, weight management, and herbal supplements.

Why are Dietary Supplements Popular?

Dietary supplements have gained popularity for various reasons. One of the primary reasons is the growing awareness of the benefits of preventive healthcare. Instead of waiting for an illness to occur, people are taking a proactive approach to their health.

Another reason is the convenience factor. In today’s fast-paced world, people are looking for easy ways to stay healthy, and dietary supplements offer a quick and easy solution.

Trends in the Global Dietary Supplements Market

The Global Dietary Supplements Market: Trends and Forecasts are constantly evolving, and it’s essential to keep up with the latest developments. Here are some of the current trends in the market:

1. Increased Demand for Natural and Organic Supplements

Consumers are becoming more health-conscious and are looking for natural and organic options. As a result, the demand for natural and organic dietary supplements is on the rise. This trend is expected to continue in the coming years.

2. Rising Popularity of Personalized Supplements

No two people are the same, and their nutritional needs may vary. This is why personalized supplements are gaining popularity. Companies are using technology to create customized supplements based on a person’s DNA, lifestyle, and health goals.

3. Expansion of Online Sales Channels

The internet has made it easier for consumers to access a wide range of dietary supplements. As a result, many companies are expanding their online sales channels to reach a broader audience.

4. Increasing Focus on Immune Support

The COVID-19 pandemic has led to an increased focus on immune support. As a result, the demand for dietary supplements that support the immune system is on the rise.

Forecasts for the Future:

The Global Dietary Supplements Market: Trends and Forecasts show that the market is expected to continue to grow in the coming years. Here are some of the forecasts for the future:

1. Continued Growth in the Natural and Organic Segment

The demand for natural and organic dietary supplements is expected to continue to grow. Consumers are becoming more health-conscious and are looking for products that are free from harmful chemicals and additives.

2. Increased Focus on Sustainable Practices

Consumers are becoming more environmentally conscious, and they expect the companies they buy from to be the same. As a result, the focus on sustainable practices is expected to increase in the coming years.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

About MarketsandMarkets™

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