Dietary Supplements Market Size Worth $380.12 Billion By 2032 | CAGR: 8.8%

Dietary Supplements Market Size Worth $380.12 Billion By 2032 | CAGR: 8.8%

The global dietary supplements market size is expected to reach USD 380.12 billion by 2032, according to a new study by Polaris Market Research. The report “Dietary Supplements Market Share, Size, Trends, Industry Analysis Report, By Type; By Form; By Application; By Distribution Channel; By End-Use (Adults, Children, Infants, Pregnant Women, Geriatric); By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The dietary supplements market is expected to experience growth due to several factors, including the growing number of sports complexes and gyms, increased customer focus on a balanced diet, rising obesity rates, and greater consumer awareness of health issues.

Additionally, using clean, safe, and organic ingredients in dietary supplement production is becoming more widespread, which is expected to drive demand for these products. As consumers become more concerned about the quality and safety of their products, the trend towards clean labeling and organic ingredients is likely to continue, supporting the growth of the dietary supplements market.

And increased consumer awareness regarding personalized or customized nutritional supplements has spurred interest in the dietary supplement market worldwide, resulting in growth. Furthermore, the nutraceuticals and supplement industry's research and development investments and technological advancements are anticipated to drive market growth.

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In recent years, there has been a shift in the global healthcare industry from curative practices to preventive management, with an increasing emphasis on care management and paying for value. Healthcare costs are high in many regions worldwide, leading consumers to turn to health supplements as a cost-effective preventative measure.

Consumers also adopt a personalized healthcare approach, seeking preventive products and services for simpler metabolic disorders. All-natural and vegan supplements are gaining popularity, and there is a growing interest in supplements that promote gut health, leading to significant growth in the probiotics market. Dietary supplement producers are expanding their product offerings by exploring new applications, formulations, and therapeutic benefits to capitalize on these trends. This approach is expected to boost sales and increase the market growth.

Dietary Supplements Market Report Highlights

  • Vitamin segment dominated the market and has the largest revenue share. It will likely continue its dominance over the projected period due to the increasing demand for energy and weight management for working professionals and sports athletes.
  • Tablet segment dominated the market because it’s convenient to use an oral dose as a tablet. Also, it’s portable, easy to swallow, and can be formulated with various ingredients.
  • Energy and weight management segment are projected to grow at the fastest rate over the projected period because of the increasing prevalence of sedentary lifestyles, obesity, and high-stress level.
  • Offline store segment includes various stores with links between the manufacturers and customers, which are the major factors that propel the segment growth.
  • Adult segment is expected to dominate the market over the forecast period due to the growing number of diseases among adults and the rising changes in lifestyle and sedentary work styles.
  • North America dominated the market and has the largest revenue share. It will grow steadily over the projected period due to the growing use of high nutritional value and low-calorie products.
  • The global key market players include Abbott, Glanbia, Plc, The Archer-Daniels-Midland Company, Nature’s Sunshine Products, Inc., GlaxoSmithKline plc, Amway Corp., Abbott Laboratories, Arkopharma, NOW Foods, Herbalife International of America, Inc., XanGo, LLC, Nu Skin Enterprises, Inc., PharmaNutrics Himalaya Global Holdings Ltd., Nutraceutics Corp., Pfizer Inc., and Bayer AG.

Polaris Market Research has segmented the Dietary Supplements market report based on type, form, application, distribution channel, end-use, and region:

Dietary Supplements, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Vitamins
  • Minerals
  • Amino Acids
  • Botanicals
  • Probiotics
  • Enzymes
  • Others

Dietary Supplements, Form Outlook (Revenue - USD Billion, 2019 - 2032)

  • Tablets
  • Capsules
  • Gummies
  • Powder
  • Soft Gels
  • Liquids
  • Others

Dietary Supplements, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Energy & Weight Management
  • Bone & Joint Health
  • Immunity
  • General Health
  • Cardia Health
  • Others

Dietary Supplements, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

  • Online Platforms
  • Offline Stores

Dietary Supplements, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Adults
  • Children
  • Infants
  • Pregnant Women
  • Geriatric

Dietary Supplements, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa