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The dietary supplement.
Dietary supplements on market. The report on the pet dietary supplements market provides a holistic update market size and forecast trends growth drivers and challenges as well as vendor analysis. Key findings of the global dietary supplement market. How has the global dietary supplements market changed since the onset of covid 19.
The marketplace for dietary supplements before the covid 19 pandemic was strong and growing globally. The main markets are those of asia and north america followed by the european market. A positive outlook toward the sports nutrition market is also among major driving factors.
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. 2020 growth potential could be the highest in a decade. Health benefits linked with the consumption of nutritional supplements are deduction in signs of aging and enhanced cardiovascular health amongst others.
Recent immune health dietary supplement indicators now show that. Asia pacific dietary supplement market is anticipated to grow at the highest cagr of xx during the forecast period of 2019 2027. 17 of the top 20 vitamin category product are immune related.
From 2014 to 2019 vitamins and dietary supplements saw a global compound annual growth rate of 3 according to euromonitor international with growth strong in. Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand. Nov 18 2020 sara berg senior news writer.
Tighter rules better counseling a must. The global market for food supplements is around 120 billion dollars with annual growth figures in recent years of around 6. With a 40 increase the online sales of supplements accounted for the fourth largest revenue in total online sales after tv shows and movies video games and makeup.
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