Global Dietary Supplements Market: Snapshot
Rising understanding among people on the importance of healthy lifestyle and personal wellbeing is estimated to generate promising business prospects in the global dietary supplements market during the forecast period of 2021 to 2031.
An upcoming study by Transparency Market Research (TMR) provides panoramic view of the global dietary supplements market by delivering comprehensive analysis of important facets such as growth drivers, present and historical trends, challenges, investment opportunities, R&D activities, and growth opportunities in the market.
The report by TMR offers in-depth insights of the global dietary supplements market in the form of several segments such as form, ingredient, application, end-user, distribution channel, and region. Based on distribution channel, the market for dietary supplements is classified into prescribed and OTC.
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Key Drivers of Dietary Supplements Market Growth
With growing awareness pertaining to the importance of adopting healthy eating habits and active lifestyles, people from across the globe are also increasing the consumption of different dietary supplements. This factor is generating exceptional business prospects in the global dietary supplements market.
Due to hectic lifestyles of working populace globally, this consumer pool is inclining toward consuming dietary supplements in order to complete their daily nutrient requirements. This factor is leading to increased sales number in the market for dietary supplements. Moreover, the dietary supplements market is prognosticated to be driven by increase in the global older population, which is one of the key end-users of dietary supplements.
Dietary supplements are being increasingly popularized owing to presence of varied ingredients in them including minerals, vitamins, botanicals, proteins, fibers, amino acids, omega fatty acids, and specialty carbohydrates. These products are available in a broad range of forms such as capsules, tablets, powders, soft gels, liquids, and gummies.
Products from the global dietary supplements market are in high demand owing to their use for a wide range of purposes such as maintaining general health, energy & weight management, and gastrointestinal health. Furthermore, dietary supplements are being increasingly consumed to achieve bone and joint health, cardiac health, improved immunity, as an anti-cancer, and in diabetes management. Hence, manifold use of the products are driving the sales growth in the global dietary supplements market.
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Competition Landscape of Dietary Supplements Market
The nature of the global dietary supplements market seems to be fairly fragmented with high level of competition owing presence of many global level companies in it. This scenario is encouraging players to use organic and inorganic strategies to stay ahead of the competition.
Enterprises operating in the global dietary supplements market are increasing their research activities in order to launch innovative products and expand their product offerings. Moreover, several companies are focusing on their regional expansions. Hence, they are seen engaging in strategies such as mergers, acquisitions, partnerships, and joint ventures. These initiatives are helping in the expansion of the global dietary supplements market.
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The list of key players in the global dietary supplements market includes:
- Amway Corp.
- Bayer AG
- Abbott
- ADM
- Pfizer Inc.
- GlaxoSmithKline plc
- Nu Skin Enterprises, Inc.
- Ayanda
- Bionova
- Herbalife International of America, Inc.
- Arkopharma
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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