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The Vitamins and Supplements Industry: Current Status and Future Prospects

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Shift in consumer preferences due to increasing focus on health and prevention and rising prevalence of chronic diseases are some of the key factors driving market revenue growth

The Global Vitamins and Supplements Market research report is a detailed document outlining the recent advancements and developments in the Vitamins and Supplements Market business sphere considering 2021 as the base year and 2022-2030 as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.

The vitamins and supplements market size reached USD 108.4 Billion in 2021 and is expected to register a revenue CAGR of 6.9% during the forecast period. Shift in consumer preferences due to increasing focus on health and prevention and rising prevalence of chronic diseases are some key factors projected to support market revenue growth between 2022 and 2030.

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In addition, increasing awareness among consumers regarding their health is another factor driving revenue growth of the market. Different types of products are increasingly being used for vitamins and supplements. Food and nutrition sectors have evolved to provide customers with a more tailored experience and make up for dietary loss through supplemental nutrition. In addition, rising prevalence of chronic diseases is another factor increasing demand for vitamins and supplements. The World Health Organization estimates that in 2021, prevalence of chronic diseases was around 57%. This indicates that over 50% of people worldwide have a chronic illness, with cancer, diabetes, and disorders of heart and lungs being the most prevalent. Every day, a range of vitamins, minerals, and nutrients are required to maintain good health and, more significantly, a strong immune system that fights off chronic diseases.

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.

Some major companies operating in the global market include Herbalife International of America, Inc., Archer-Daniels Midland Company, Amway Corporation, Pfizer, Inc., Abbott, Nestle S.A., Nutrition and Biosciences (DuPont de Nemours, Inc.), Bayer AG, Glanbia PLC, and Arkopharma.

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Market Dynamics:

The report offers insightful information about the market dynamics of the Vitamins and Supplements market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Vitamins and Supplements market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Vitamins and Supplements market.

Emergen Research has segmented the vitamins and supplements based on ingredient, form, application, end-users, type, distribution channel, and region:

  • Ingredient Outlook (Revenue, USD Billion, 2019 - 2030)

    • Vitamins
    • Supplements
  • Form Outlook (Revenue, USD Billion, 2019 - 2030)

    • Tablets
    • Capsules
    • Soft Gels
    • Powders
    • Gummies
    • Liquids
  • Application Outlook (Revenue, USD Billion, 2019 - 2030)

    • Immunity
    • Brain/Mental Health
    • Bone Joint Health
    • Menopause
    • Metabolic Health
    • Beauty Care
    • Digestive Microbiome Health
    • Others
  • End-Users Outlook (Revenue, USD Billion, 2019 - 2030)

    • Adults
    • Geriatric
    • Pregnant Women
    • Children
    • Infants
  • Type Outlook (Revenue, USD Billion, 2019 - 2030)

    • OTC
    • Prescribed
  • Distribution Channel Outlook (Revenue, USD Billion, 2019 - 2030)

    • Offline
    • Online

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Regional Outlook of Vitamins and Supplements Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

Radical Highlights of the Vitamins and Supplements Market Report:

Comprehensive overview of the Vitamins and Supplements market along with analysis of the changing dynamics of the market

Growth Assessment of various market segments throughout the forecast period

Regional and global analysis of the market players, including their market share and global position

Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market

Impact of the technological developments and RD advancements on the Vitamins and Supplements market

Information about profit-making strategies and developmental strategies of major companies and manufacturers

Insightful information for the new entrants willing to enter the market

Details and insights about business expansion strategies, product launches, and other collaborations

The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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