Nutrition & Supplements Market is valued approximately USD 113.94 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.2 % over the forecast period 2019-2026.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Nutrition & supplements are manufactured in the form of pills, capsules, tablets or liquid etc. which were taken by mouth with an intention to supplements the diet of an individual. Consumption of such nutrition & supplements enables healthy compounds to an individual with minerals, vitamins, fiber and amino acid etc. Such supplements and nutrition compounds are extracted from either food source or synthetic and animals.
Due to such advantages, the nutrition & supplements are help full in reducing extra calorie and weight, therefore growing awareness among people regarding health awareness is expected to drive the growth of market over the forecast years. For instance: as per the study by World Food India 2017, it was India Nutraceuticals market is expected to double in size to USD 4 Billion by 2020 from year 2017 due to the strong demand for dietary supplements for the upper- and middle-class population.
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Similarly, as per survey by Council for Responsible Nutrition (US), over 77% of population in United States consumer dietary supplements. Also, survey concluded that majority of both males and females, aged 18+, take dietary supplements and Among all the age groups, adults between the ages 35 – 54 have the highest usage of dietary supplements at 81 percent. Thus, increasing consumption of dietary supplements and significant growth in awareness among people regarding their health is expected to drive the market growth. However, side effects associated with such nutritionals and supplements is expected to hamper the growth of market over the forecast years.
The regional analysis of global Nutrition & Supplements market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in awareness among people regarding health management.
Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as hectic work schedules among working individuals and fluctuations in diet intervals is a lucrative opportunity to drive the growth of market over the forecast years.
Major market player included in this report are:
Suntory Holdings Ltd
Otsuka Holdings Co. Ltd
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Distribution Channel:
Pharmacies & Drug store
Supermarket & Hypermarket
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2016, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Nutrition & Supplements Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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