Growth Of Dietary Supplement Industry
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Dietary supplement industry facts reveal that gummies will be one of the most desirable products in the following years and their sales are predicted to double.
Growth of dietary supplement industry. Global dietary supplements market is projected to grow with a cagr of 6 9 during the forecast period 2020 2025. A positive outlook toward the sports nutrition market is also among major driving factors. 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.
Increasing innovation by key as well as small market players operating in the dietary supplements industry is further augmenting the growth of the market at the global level. Rising health awareness among different ages on a global level is anticipated to play a vital role in increasing the number of 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.
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. For instance in march 2018 the ght companies announced the launch of new product line of 100 vegan supplements. Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand.
It also examines domestic regions as an international market and emerging segments as well as market dynamics. 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. Statista in 2016 the total value of the us supplement gummy market was 2 68 billion and it is predicted to grow to an astonishing 4 17 billion by 2025.
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