The global dietary supplements market size is expected to reach USD 327,420.1 million by 2030, registering a CAGR of 9.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness regarding personal health and wellness owing to changing eating habits and hectic lifestyles is expected to drive the demand for dietary supplements over the forecast period. Increasing urbanization and growing disposable income around the world is driving the demand for products that can cover the nutritional deficit at higher convenience is the key factor driving the demand for vitamins, minerals, proteins and amino acids, and other supplement products around the world.
The increasing interest of millennials in building health through a healthy diet is expected to positively impact market growth. The obesity rate in adults in the U.S stood at 42.4% in the year 2020 which has increased from 26.0% in 2008. The Obesity rate in the European region was above 51.6% in 2014 and is continuously rising. The increasing prevalence of diseases like cardiovascular diseases, diabetes, high blood pressure is expected to bolster the demand for dietary supplements, especially in energy and weight management, gastrointestinal health, and cardiac health applications.
The rising trend of veganism around the globe is expected to benefit the plant-based nutritional products around the globe which is expected to drive the demand for botanical ingredient-based dietary supplements over the forecast period. For instance, In Jan 2021, Flume Formulas Ltd. introduced a product line of botanical supplements which included products FLOW, DRIFT, and BASK for athletes which can be used as pre-workout and post-workout energy and recovery application. Similarly, in July 2019, Amway Corp. introduced an improved version of calcium supplement Nutrilite Cal Mag D Plus in India. The company aimed to acquire an 11% market share in calcium supplements with the product launch.
The global outbreak of the COVID-19 pandemic has largely impacted the industrial output in the majority of the countries. However, the demand for food and beverage and pharmaceutical products remained unaffected. Though the companies faced challenges in terms of logistics due to imposed lockdown. The increasing demand for immunity-boosting supplements including vitamins, minerals, and several herbs benefitted the market in the year 2020.
Request a free sample copy or view report summary: Dietary Supplements Market Report
The proteins and amino acids segment is expected to register the fastest revenue CAGR of 13.4% over the forecast period. The increasing number of sports enthusiasts, bodybuilders coupled with increasing awareness among the consumers regarding the importance of protein supplements are the key driving factors of the segment
The tablets segment accounted for the largest revenue share at USD 54,559.9 million in 2022. The major reason behind the high market share is their cost-effectiveness and ability to deliver a precise dosage
The energy and weight management segment accounted for 30.5% of revenue share in 2022. The increasing prevalence of obesity among adults and children around the globe owing to changing food habits is expected to drive the demand for weight management products over the forecast period.
The infant end-user segment is expected to witness a CAGR of 13.7% over the forecast period. Higher prevalence of malnutrition among infants in developing countries coupled with the growing acceptance of infant food products by the parents' concern with the health of their children are the key reasons for segment growth
Asia Pacific accounted for the largest revenue share valued at USD 57,251.4 million in 2022. Higher per capita income, high urbanization rate, and higher consumer awareness regarding health and wellness are responsible for the higher consumption of the dietary supplements in the region
Grand View Research has segmented the global dietary supplements market on the basis of ingredient, form, application, end-user, type, distribution channel, and region:
Dietary Supplements Ingredient Outlook (Revenue, USD Million, 2017 - 2030)
Proteins & Amino Acids
Fibers & Specialty Carbohydrates
Omega Fatty Acids
Dietary Supplements Form Outlook (Revenue, USD Million, 2017 - 2030)
Dietary Supplements Application Outlook (Revenue, USD Million, 2017 - 2030)
Energy & Weight Management
Bone & Joint Health
Dietary Supplements End-user Outlook (Revenue, USD Million, 2017 - 2030)
Dietary Supplements Type Outlook (Revenue, USD Million, 2017 - 2030)
Dietary Supplements Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
Dietary Supplements Regional Outlook (Revenue, USD Million, 2017 - 2030)
Australia & New Zealand
Central & South America
Middle East & Africa
List of Key Players of Dietary Supplements Market
Archer Daniels Midland
Nature's Sunshine Products Inc.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
"The quality of research they have done for us has been excellent..."