Quick Summary:
In an increasingly health-conscious world, the Global Dietary Supplements Market is poised for significant expansion. Projected to rise to an impressive US$283 Billion by 2030, this rapidly growing sector offers substantial opportunities for investors and decision-makers alike, with an emphasis on Vitamins and Botanicals as key growth drivers.
The United States, already with an established market estimated at US$43 Billion in 2022, along with China, pegged to progress with an extraordinary 12.3% CAGR, are major players in this expanding industry. The report not only provides a comprehensive perspective of these core markets but also shines a light on areas like Japan, Canada, and Germany, all set for their respective growth spurts.
Understanding and leveraging market trends is essential to stay competitive, and this report delivers vital, actionable insights. Stay ahead of the curve with an in-depth understanding of competitor dynamics, market presence across geographies, and the latest industry developments. This report is an invaluable resource for any business executive operating within, or aligned to, this vibrant global industry.
Global Dietary Supplements Market to Reach $283 Billion by 2030
The global market for Dietary Supplements estimated at US$159.7 Billion in the year 2022, is projected to reach a revised size of US$283 Billion by 2030, growing at a CAGR of 7.4% over the analysis period 2022-2030. Vitamins, one of the segments analyzed in the report, is projected to record 8.4% CAGR and reach US$138.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Botanicals segment is readjusted to a revised 7.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $43 Billion, While China is Forecast to Grow at 12.3% CAGR
The Dietary Supplements market in the U.S. is estimated at US$43 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$71.4 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.Select Competitors (Total 256 Featured) -
- Amway Corporation
- Bayer AG
- Bio-Botanica, Inc.
- Blackmores Ltd.
- General Nutrition Centers, Inc.
- GlaxoSmithKline PLC
- Herbalife International India Pvt., Ltd.
- Integrated BioPharma, Inc.
- Koninklijke DSM NV
- NaturaLife Asia Co., Ltd.
- Nature's Bounty, Inc.
- Nu Skin Enterprises, Inc.
- Omega Protein Corporation
- Pfizer, Inc.
- Pharmavite LLC
- Reckitt Benckiser Group PLC
- Sanofi SA
- Surya Herbal Ltd.
- The Himalaya Drug Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Dietary Supplements?
What is the growth rate of the Global Market for Dietary Supplements?
What is the forecasted size of the Global Market for Dietary Supplements?
Who are the key companies in the Global Market for Dietary Supplements?
| Report Attribute | Details |
|---|---|
| No. of Pages | 301 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 159.7 Billion |
| Forecasted Market Value ( USD | $ 283 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Amway Corporation
- Bayer AG
- Bio-Botanica, Inc.
- Blackmores Ltd.
- General Nutrition Centers, Inc.
- GlaxoSmithKline PLC
- Herbalife International India Pvt., Ltd.
- Integrated BioPharma, Inc.
- Koninklijke DSM NV
- NaturaLife Asia Co., Ltd.
- Nature's Bounty, Inc.
- Nu Skin Enterprises, Inc.
- Omega Protein Corporation
- Pfizer, Inc.
- Pharmavite LLC
- Reckitt Benckiser Group PLC
- Sanofi SA
- Surya Herbal Ltd.
- The Himalaya Drug Company
