DUBLIN, September 22, 2021– (BUSINESS WIRE) – The Global Nutritional Supplements Market Size, Share and Trend Analysis Report by Product (Sports Nutrition, Fat Burner, Dietary Supplements, Functional Foods), by consumer group , By Wording, By Sales Channel and By Segment Forecast, 2021-2028 “report was added to ResearchAndMarkets.com offer.
The global nutritional supplements market size is expected to reach USD 505.4 billion by 2028. The market is expected to grow at a CAGR of 6.2% from 2021 to 2028.
The growing awareness about health and wellness as well as the increasing prevalence of lifestyle-related diseases such as obesity and diabetes are driving the market. According to the Centers for Disease Control and Prevention, the prevalence of obesity was 30.5% in 1999-2000 and increased to 42.4% in 2017-2018. Consumers actively treat chronic illnesses at home with food and drink. These chronic illnesses are not only limited to lifestyle-related illnesses such as diabetes and obesity, but also include blood pressure, anxiety, depression, stress, and joint pain.
There is an increase in the consumption of immune supplements among consumers due to the spread of COVID-19. This, in turn, is expected to drive the market over the forecast period. In addition, support for government initiatives to promote healthy lifestyles and nutrition is believed to stimulate the market. For example, in November 2020, the UK government announced its intention to roll out free vitamin D supplements for the elderly and the population deemed extremely vulnerable to COVID-19. Numerous studies suggest that vitamin D could have a positive impact on COVID-19 patients. Additionally, in April 2017, the Scottish Government distributed free vitamin supplements to pregnant women in Scotland.
The increasing number of product launches, partnerships, mergers and acquisitions are driving the adoption of nutritional supplements. For example, in February 2019, Tilray, Inc., a Canadian pharmaceutical and cannabis company, acquired Manitoba Harvest, a manufacturer of hemp-based foods. In October 2020, Health XP launched Shield Whey, a whey protein powder containing immune system boosting vitamins such as vitamin C, vitamin K, and vitamin E. In March 2020, PepsiCo announced the agreement to acquisition of Rockstar Energy Beverages for $ 3.9 billion.
Highlights Of The Nutritional Supplements Market Report
Functional food segment dominated the market and accounted for the largest revenue share of 60.0% in 2020
The adult segment accounted for the largest share of revenue in 2020, while the children segment is expected to experience the fastest CAGR during the forecast period.
The powders segment accounted for the largest revenue share in 2020, while the capsules segment is expected to experience the fastest CAGR during the forecast period.
Asia-Pacific accounted for the largest share of revenue in 2020 due to increased awareness of health and wellness, increased disposable income, and the availability of a large number of nutritional supplements in the region.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Global Nutritional Supplements Market Variables, Trends and Scope
3.1 Market Lineage Outlook
3.1.1 Parents’ Market Outlook
3.1.2 Related / Auxiliary Market Outlook
3.2 Mapping of penetration and growth prospects
3.3 Market dynamics
3.3.1 Market Driver Analysis
3.3.2 Analysis of market restrictions
3.3.3 Industry challenges
3.4 Global Nutritional Supplements Market Analysis Tools
3.4.1 Industry Analysis – Porter’s
3.4.2 PESTEL analysis
3.4.3 Analysis of major transactions and strategic alliances
3.5 Analysis from the user’s point of view
3.6 Reimbursement framework
3.7 Regulatory framework
Chapter 4 Global Nutritional Supplements Market: Competitive Analysis
4.1 Recent developments and impact analysis, by major market players
4.2 Categorization of companies / competitions (key innovators, market leaders, emerging players)
4.3 Supplier landscape
4.3.1 Public enterprises
18.104.22.168 Analysis of the company’s position on the market
22.214.171.124 Business market ranking, by region
4.3.2 Private companies
126.96.36.199 Regional network map
188.8.131.52 Analysis of the company’s position on the market
Chapter 5 Global Nutritional Supplements Market: Product Estimates and Trend Analysis
5.1 Definitions and scope
5.2 Global Nutritional Supplements Market: Product Market Share Analysis, 2020 and 2028
5.3 Sports nutrition
5.4 Fat burners
5.5 Food supplements
5.6 Functional foods
Chapter 6 Global Nutritional Supplements Market: Consumer Group Estimates and Trend Analysis
Chapter 7 Global Nutritional Supplements Market Formulation Estimates and Trend Analysis
Chapter 8 Global Nutritional Supplements Market: Estimates of Sales Channel and Trend Analysis
Chapter 9 Global Nutritional Supplements Market: Regional Estimates and Trend Analysis, by Product, Consumer Group, Formulation and Sales Channel
Chapter 10 Competitive Landscape
For more information on this report, visit https://www.researchandmarkets.com/r/8kx5iz
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210922005583/en/
Laura Wood, Senior Press Director
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