Dietary Supplement Market Growth

The global dietary supplements market size was valued at usd 48 22 billion in 2019 and is projected to reach usd 117 92 billion by 2027 exhibiting a cagr of 9 8 during the forecast period 2020 2027.

Dietary supplement market growth. Dietary supplements market growth trends and forecasts 2020 2026 market revenue for global dietary supplements market is likely to grow at a cagr of 5 13 during the forecast period 2020 2026. The dietary supplements market is preliminarily driven by the paradigm shift toward preventive health management practices amid rising healthcare costs and increasing burden of lifestyle diseases. The market is backed by rising health awareness globally among consumers of all age groups coupled with a considerable rise in the number of fitness centers and gymnasiums.

It is estimated that the growth in the dietary supplement market is due in part to awareness of nutrition lifestyle a more geriatric population and an increase in chronic illnesses. A positive outlook toward the sports nutrition market is also among major driving factors. The global dietary supplements market size is projected to reach usd 230 73 billion by 2027 registering a cagr of 8 2 over the forecast period according to a new report by grand view research inc.

The global dietary supplements market size was estimated at usd 123 28 billion in 2019 and is projected to expand at a cagr of 8 2 during the forecast period. Rising health awareness among different ages on a global level is anticipated to play a vital role in increasing the number of gymnasiums. Increasing sedentary lifestyle and imbalanced diet among the people resulted into increasing incidence of chronic lifestyle diseases such as stroke heart disease obesity diabetes and atherosclerosis etc.

Dietary supplements are products intended to supplement the diet by increasing total dietary intake macro and micronutrients. Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand. The dietary supplements market research added by reports and data offers a comprehensive analysis of growth trends prevailing in the global business domain this report also provides definitive data concerning market size commercialization aspects and revenue forecast of the industry.

Growing demand for dietary supplements in the health and wellness industry is a major factor driving the market growth in the forecast period 2019 2027. The global dietary supplement market is expected to grow at a cagr of 5 5 during the forecasting period 2020 2027. Asia pacific is the major consumer of dietary supplements accounting for 44 of the market share in 2014.