Dietary Supplement Market In The World

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.

Dietary supplement market in the world. This years the market of vitamin and dietary supplements in china is expected to reach cny 149 billion us 22 3 billion with a cagr of 6 4 in the 2015 2020 period. Consumer trends dietary supplements healthcare trends industry market news world markets vitafoods europe announces 2021 event will be both in person and virtual a meeting at the palexpo in geneva on oct. Demand for nutraceuticals will rise in emerging economies where preventative healthcare is seen as a springboard to work towards a better health index.

The global dietary supplements market is estimated to account for around us 149 5 billion in terms of value in the year 2018 and it predicted to grow at a cagr of 7 7 during the forecast period. Dietary or dietary supplement types used in the u s. Dietary supplement industry 2016 distribution of the dietary supplements market in india.

The global vitamins and mineral supplements market is expected to grow from 51 70 billion in 2019 to 61 16 billion in 2020 at a compound annual growth rate cagr of 18 3. A positive outlook toward the sports nutrition market is also among major driving factors. Here are our 3 bold dietary supplement industry predictions for 2020 and 2021.

The dietary supplement. Sales through e commerce has seen an across the board rise during covid 19 with the channel expected to take 21 of global vitamins and dietary supplement sales. Due to lockdowns and restrictions put in place across the world as a response to covid 19 distribution of vitamins and dietary supplements is expected to shift dramatically in 2020.

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. 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. Asia pacific will emerge as a huge market for nutraceuticals and personal care products.

By gender 2018 output generated indirectly by u s. 5 7 in 2021 will run parallel to a virtual event oct. Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand.