Kenneth Research has introduced a new study on ‘Global Nutritional Supplement Market’ which explores the market trends, growth drivers and restraints, elaborative information on various segments and sub segments of the market along with the current market scenario in various regions of the world. With an unbiased analysis on various market dynamics, our report aims to emphasize on different growth avenues that are expected to drive the growth of the market during the period of 2018-2023.
Nutritional supplement are substances that provide adequate amounts of essential nutrients required for the better functioning of human bodies. It contains vitamins, proteins, herbs, meal supplements, sports nutrition and other related products that are used to improve the nutritional content of the diet. They are added to the diet to boost the overall health and energy, to provide support to the immune system and to reduce the risk of illness. The global nutritional supplement market is expected to expand at a CAGR of 10.01%, leading to a global revenue of USD 245.43Bn by 2023.
The nutritional supplement market is segmented on the type of ingredients (vitamins, proteins, amino acids, enzymes and botanicals) and end users (infants and adults). Asia-Pacific is the fastest growing region for the nutritional supplement market due to the growing demand in China, Japan and India.
Major Players of Global Market:
Some of the major players in the nutritional supplement market are Amway Corporation, Abbott Laboratories, Herbalife International, DSM, Nestle Nutritionals, Bayer, GlaxoSmithKline Limited, Glanbia Plc, Archer Daniels Midland Company, Arkopharma Laboratories.
Key growth factors
The increasing consumer awareness for healthy living and healthy diet, increasing urbanization and changing lifestyles, prevention of diseases , awareness towards weight management among working professionals, development in the retail and pharmaceutical industries, innovation in product offerings, modernization of retail channels are some of the key factors that are driving the nutritional supplement market.
Threats and key players
Although the nutritional supplement market is expected to have a positive growth worldwide, factors such as lack of awareness about the consumption of dosage of nutrition supplements, negative publicity, fake product claims may hinder the growth of the market.
What is covered in the report?
- Overview of the global nutritional supplement market.
- Market drivers and challenges in the global nutritional supplement market.
- Market trends in the global nutritional supplement market.
- Historical, current and forecasted market size data for segments based on type of ingredients (vitamins, proteins, amino acids, enzymes and botanical).
- Historical, current and forecasted market size data for segments based on end users (infants, adults).
- Historical, current and forecasted market size data for segments based on geography (North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa).
- Analysis of the competitive landscape and profiles of the major companies operating in the market.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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