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Global Nutritional Supplement Market, By Product Type; By Ingredients; By Form; By Age Group; By End user; By Distribution Channel-Estimation & Forecast, 2017-2030

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    Report

  • 198 Pages
  • June 2023
  • Region: Global
  • Astute Analytica
  • ID: 5864776
UP TO OFF until Jan 31st 2025

The global nutritional supplement market, valued at USD 167.94 billion in 2022, is projected to escalate to USD 301.41 billion by 2030, registering a CAGR of 7.91% over the forecast period.

The global nutritional supplement market, valued at USD 167.94 billion in 2022, is projected to escalate to USD 301.41 billion by 2030, registering a CAGR of 7.91% over the forecast period. Nutritional supplements, designed to address specific nutritional deficiencies, promote health, and assist certain physiological functions, have seen a surge in demand. Available in various forms like capsules, tablets, powders, liquids, and gummies, these supplements cater to a broad spectrum of nutritional needs.

Growth Influencers:

The increasing demand for sports nutritional supplements and dietary supplements, fueled by a rise in fitness and bodybuilding enthusiasts, has significantly bolstered the market. The youth demographic is a major consumer base for these supplements. Brands like Optimum Nutrition have responded to this demand with new product launches.

The growing need to fill the nutrition gap due to diminishing food quality has also propelled the market. Modern dietary habits and lifestyle choices often result in nutrient deficiencies, creating a demand for reliable, convenient nutritional supplements. Companies like Abbott have capitalized on this need by launching new formulations designed to boost muscle and bone health.

Segments Overview:

The global nutritional supplement market is segmented based on product type, ingredients, form, age group, end-user, and distribution channel.

By Product Type

  • Dietary Supplements
  • Beverages
  • Functional Nutrition
  • Infant & Maternal Nutrition
  • Medical Nutrition
  • Sports Supplements
  • Others
By Product Type: Beverages, offering a more than US$ 25 billion opportunity for 2023-2031, and Infant and Maternal Nutrition, registering the highest CAGR of 8.6%.

By Ingredients

  • Vitamins
  • Botanicals
  • Minerals
  • Proteins & Amino Acids
  • Fibers & Specialty Carbohydrates
  • Omega Fatty Acids
  • Others
By Ingredients: Vitamins, holding more than 30% market share in 2022, and Proteins and Amino Acids, recording the highest CAGR of 11.47%.

By Form

  • Capsule
  • Powder
  • Tablet
  • Liquid
  • Others
By Form: Tablets, showing the fastest growth rate of 8.18% and holding over 30% market share in 2022.

By Age Group

  • Infants
  • Adults
By Age Group: Adults, with the highest CAGR of 8.3% and the largest market share (over 60%) in 2022.

By End user

  • Energy & Weight Management
  • General Health
  • Bone & Joint Health
  • Gastrointestinal Health
  • Immunity
  • Cardiac Health
  • Diabetes
  • Anti-cancer
  • Others
By End-User: Immunity, posting the highest CAGR: 8.79%.

By Distribution Channel

  • Hypermarkets & Supermarkets
  • Pharmacy Stores
  • Online Channels
  • Others
By Distribution Channel: Hypermarkets and Supermarkets, with more than 36% market share in 2022, and Online Channels, registering the highest growth rate of 8.88%.

Regional Overview:

By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

North America

  • US
  • Canada
  • Mexico

Europe

  • Western Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe

Asia Pacific

  • China
  • India
  • Japan
  • Australia + New Zealand
  • South Korea
  • ASEAN
  • Rest of Asia Pacific

Middle East & Africa

  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa (MEA)

South America

  • Brazil
  • Argentina
  • Rest of South America
The Asia Pacific region displays the fastest CAGR of over 8.6% and holds the second largest market share (over 30%) in 2022. North America, Europe, Middle East and Africa, and South America are other key regions in the market.

Competitive Landscape:

The global nutritional supplement market hosts strong competitors like Abbott Laboratories, Archer Daniels Midland, Amway, Arkopharma Laboratoires Pharmaceutiques, Bayer, Bionova Lifesciences, Carlyle Group, Glanbia, GlaxoSmithKline, Pfizer, and others. These companies have strategized with new product launches, meeting FD standards, and other compliance measures to maintain their market dominance. In June 2022, upon meeting the initial FD standards, Abbott Nutrition resumed the production of infant formula at its facility located in Sturgis, Michigan. The initial production line included EleCare and various other specialty and metabolic medicines. Early 2023 saw a surge in the popularity of Man Matter biotin hair gummies, closely followed by the widely accepted Bodywise hair gummies, which offered a customized supplement consumption schedule.

Table of Contents

Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Global Nutritional Supplement Market
Chapter 4. Global Nutritional Supplement Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Raw Material Providers
4.1.2. Value Added Resellers
4.1.3. End-Users
4.2. Technology Roadmap
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitutes
4.4.4. Threat of New Entrants
4.4.5. Degree of Competition
4.5. Market Dynamics and Trends
4.5.1. Growth Drivers
4.5.2. Restraints
4.5.3. Challenges
4.5.4. Key Trends
4.6. Covid-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Bn), 2017 - 2030
4.8. Competition Dashboard
4.8.1. Market Concentration Rate
4.8.2. Company Market Share Analysis (Value %), 2022
4.8.3. Competitor Mapping
Chapter 5. Global Nutritional Supplement Market Analysis, By Product Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
5.2.1. Dietary Supplements
5.2.2. Beverages
5.2.3. Functional Nutrition
5.2.4. Infant & Maternal Nutrition
5.2.5. Medical Nutrition
5.2.6. Sports Supplements
5.2.7. Others
Chapter 6. Global Nutritional Supplement Market Analysis, By Ingredient
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
6.2.1. Vitamins
6.2.2. Botanicals
6.2.3. Minerals
6.2.4. Proteins & Amino Acids
6.2.5. Fibers & Specialty Carbohydrates
6.2.6. Omega Fatty Acids
6.2.7. Others
Chapter 7. Global Nutritional Supplement Market Analysis, By Form
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
7.2.1. Capsule
7.2.2. Powder
7.2.3. Tablet
7.2.4. Liquid
7.2.5. Others
Chapter 8. Global Nutritional Supplement Market Analysis, By Age Group
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
8.2.1. Infants
8.2.2. Adults
Chapter 9. Global Nutritional Supplement Market Analysis, By End-Use
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
9.2.1. Energy & Weight Management
9.2.2. General Health
9.2.3. Bone & Joint Health
9.2.4. Gastrointestinal Health
9.2.5. Immunity
9.2.6. Cardiac Health
9.2.7. Diabetes
9.2.8. Anti-cancer
9.2.9. Others
Chapter 10. Global Nutritional Supplement Market Analysis, By Distribution Channel
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
10.2.1. Hypermarkets & Supermarkets
10.2.2. Pharmacy Stores
10.2.3. Online Channels
10.2.4. Others
Chapter 11. Global Nutritional Supplement Market Analysis, By Region/Country
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
11.2.1. North America
11.2.1.1. The U.S.
11.2.1.2. Canada
11.2.1.3. Mexico
11.2.2. Europe
11.2.2.1. Western Europe
11.2.2.1.1. The UK
11.2.2.1.2. Germany
11.2.2.1.3. France
11.2.2.1.4. Italy
11.2.2.1.5. Spain
11.2.2.1.6. Rest of Western Europe
11.2.2.2. Eastern Europe
11.2.2.2.1. Poland
11.2.2.2.2. Russia
11.2.2.2.3. Rest of Eastern Europe
11.2.3. Asia Pacific
11.2.3.1. China
11.2.3.2. India
11.2.3.3. JAPAN
11.2.3.4. South Korea
11.2.3.5. Australia & New Zealand
11.2.3.6. ASEAN
11.2.3.7. Rest of Asia Pacific
11.2.4. Middle East & Africa
11.2.4.1. UAE
11.2.4.2. Saudi Arabia
11.2.4.3. South Africa
11.2.4.4. Rest of MEA
11.2.5. South America
11.2.5.1. Argentina
11.2.5.2. Brazil
11.2.5.3. Rest of South America
Chapter 12. North America Nutritional Supplements Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
12.2.1. By Product Type
12.2.2. By Ingredient
12.2.3. By Form
12.2.4. By Age Group
12.2.5. By End-Use
12.2.6. By Distribution Channel
12.2.4. By Country
Chapter 13. Europe Nutritional Supplements Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
13.2.1. By Product Type
13.2.2. By Ingredient
13.2.3. By Form
13.2.4. By Age Group
13.2.5. By End-Use
13.2.6. By Distribution Channel
13.2.7. By Country
Chapter 14. Asia Pacific Nutritional Supplements Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 - 2030 (US$ Bn)
14.2.1. By Product Type
14.2.2. By Ingredient
14.2.3. By Form
14.2.4. By Age Group
14.2.5. By End-Use
14.2.6. By Distribution Channel
14.2.7. By Country
Chapter 15. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
15.1. Abbott Laboratories
15.2. Archer Daniels Midland
15.3. Amway
15.4. Arkopharma Laboratoires Pharmaceutiques
15.5. Bayer
15.6. Bionova Lifesciences
15.7. Carlyle Group
15.8. Glanbia
15.9. GlaxoSmithKline
15.10. Nu Skin Enterprises
15.11. Pfizer
15.12. Other Prominent Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Abbott Laboratories
  • Archer Daniels Midland
  • Amway
  • Arkopharma Laboratoires Pharmaceutiques
  • Bayer
  • Bionova Lifesciences
  • Carlyle Group
  • Glanbia
  • GlaxoSmithKline
  • Nu Skin Enterprises
  • Pfizer

Table Information