North America Vitamin Supplements Market Size & Outlook
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North America vitamin supplements market highlights
- The North America vitamin supplements market generated a revenue of USD 17,419.8 million in 2022.
- The market is expected to grow at a CAGR of 4.2% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Vitamin E is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
Market revenue in 2022 | USD 17,419.8 million |
Market revenue in 2030 | USD 24,124.8 million |
Growth rate | 4.2% (CAGR from 2022 to 2030) |
Largest segment | Multivitamin |
Fastest growing segment | Vitamin E |
Historical data covered | 2017 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K |
Key market players worldwide | Glanbia PLC, Pfizer Inc, Bayer AG, Amway Malaysia Holdings, GlaxoSmithKline, Nestle SA, NOW Foods, Abbott Laboratories, Herbalife Ltd, Natures Sunshine Products Inc, Nu Skin Enterprises Inc Class A, Pharmavite, Good Health, RBK Nutraceuticals |
Other key industry trends
- In terms of revenue, North America region accounted for 35.9% of the global vitamin supplements market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 34,887.9 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
Name | Profile | # Employees | HQ | Website |
---|---|---|---|---|
RBK Nutraceuticals | View profile | 11-50 | Seven Hills, New South Wales, Australia, Oceania | https://www.rbk.com.au |
Good Health | View profile | 51-100 | Albany, Auckland, New Zealand, Oceania | https://www.goodhealth.co.nz/ |
Natures Sunshine Products Inc | View profile | 814 | 2901 West Bluegrass Boulevard, Suite 100, Lehi, UT, United States, 84043 | https://www.natr.com |
Pharmavite | View profile | 1001-5000 | Northridge, California, United States, North America | http://www.pharmavite.com |
Nu Skin Enterprises Inc Class A | View profile | 15200 | 75 West Center Street, Provo, UT, United States, 84601 | https://www.nuskin.com |
GlaxoSmithKline | View profile | 10001+ | London, England, United Kingdom, Europe | http://www.gsk.com |
Amway Malaysia Holdings | View profile | - | Petaling Jaya, Selangor, Malaysia, Asia | http://www.amway.my |
NOW Foods | View profile | 501-1000 | Bloomingdale, Illinois, United States, North America | https://www.nowfoods.com |
Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
Herbalife Ltd | View profile | 9200 | Ugland House, South Church Street, P.O. Box 309GT, Grand Cayman, Cayman Islands, KY1-1104 | https://www.herbalife.com |
Glanbia PLC | View profile | 5534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | https://www.glanbia.com |
Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
Pfizer Inc | View profile | 88000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | https://www.pfizer.com |
Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
North America vitamin supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vitamin supplements market will help companies and investors design strategic landscapes.
Multivitamin was the largest segment with a revenue share of 40.95% in 2022. Horizon Databook has segmented the North America vitamin supplements market based on multivitamin, vitamin a, vitamin b, vitamin c, vitamin d, vitamin e, vitamin k covering the revenue growth of each sub-segment from 2017 to 2030.
The prevalence of obesity and lifestyle-related diseases has risen in North America. As a result, the general populace is opting for functional foods & supplements that provide a variety of health benefits above and beyond basic nutrition.
The consumption of products such as fortified, enhanced, enriched, and enhanced, along with nutritional supplements, as part of a varied diet on a regular basis can have favorable influences on health.
As a result of these factors, vitamin supplement consumption is expected to increase in North America. A recent study by the US Centers for Disease Control and Prevention (CDC) found that Multivitamins are taken by nearly a quarter of kids and nearly a third of adults surveyed.
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Our clientele includes a mix of vitamin supplements market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America vitamin supplements market , including forecasts for subscribers. This continent databook contains high-level insights into North America vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America vitamin supplements market size, by country, 2017-2030 (US$M)
North America Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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