Dietary Supplement Market: Current Scenario and Forecast (2020-2026)

$3500 – $6860

Emphasis on Product Type (Vitamin Supplement, Mineral Supplement, Botanical Supplement, Fatty Acid Supplement, Proteins & Amino Acids, Others), Form (Tablets, Capsules, Powders, Liquids, Other Forms), Functionality (Additional supplement, Medicinal supplements, Sports nutrition), Application Area (Food & Beverage, Pharmaceutical, Personal Care), End-User (Pediatrics, Adult Women, Adult Men, Baby Boomers), Distribution Channel (Convenience Stores, Supermarket/Hypermarket, Drug store, Others (Online)) and Region/Country

Published:

Feb-2020
Pages:

230
Table:

125
Figure:

214
Report ID:

UMCG20172
Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Global Dietary Supplement Market was valued at US$ 176.55 billion in 2019 and is anticipated to reach US$ 262.57 billion by 2026 displaying an elevated CAGR of 5.4% over the forecast period (2020-2026). Dietary supplements are substances a person uses to add nutrients to diet or to lower risk of health problems such as osteoporosis, arthritis or cancer. Dietary supplements come in several forms such as pills, capsules, powders, gel tabs, extracts, or liquids. They might contain vitamins, minerals, fiber, amino acids, herbs or other substances or enzymes. These substances can be extracted organically or non-organically. Sometimes, the ingredients in dietary supplements are added to foods, including drinks. Calcium, Vitamin D, Vitamin B12 and iron among others are the most common dietary supplements available in the market. These supplements are largely used by geriatrics as with age the number of calories needed by them begins to decline. Vitamin D deficiency is a major global public health issue. About 1 billion people worldwide are suffering from vitamin D deficiency, while 50% of the population has vitamin D insufficiency. The prevalence of patients with vitamin D deficiency is highest in the elderly, obese patients, nursing home residents, and hospitalized patients. Market growth of dietary supplements can be attributed to escalating demand from the geriatric population, rising disposable income, increasing awareness regarding the functional benefits of dietary supplements, improving health standards and increasing health expenditure paired with a rise in the overall number of fitness centers and gymnasiums. However, stringent Government Regulations and Negative Publicity and False Promises made by the market players are some of the restricting factors hampering the growth of the global Dietary Supplement market.

“Amongst product type, botanical supplements dominated the market in 2019, with 19.75% share”

Based on product type, the global dietary supplement market is fragmented into vitamin supplement, mineral supplement, botanical supplement, fatty acid supplement, proteins & amino acids and other supplements. The botanical Supplement segment occupied the maximum share in Global Dietary Supplement. Herbal or botanical supplements improve the immune system, anti-inflammatory power and can be used for depression treatment. Vitamin supplement is expected to generate revenue of US$ 73.22 billion by 2026.

Dietary Supplement Market Size by Product, Global 2020-2026 (US$ Million)

“Dietary supplements are majorly available in the form of Capsule. The segment generated revenue of US$ 52.35 billion in 2019”

Based on form, the global dietary supplement market is segmented into tablets, capsules, powders, liquids and others. Capsules occupied the maximum share in the Global Dietary Supplement market. Capsules are easier to swallow and are used by manufacturers when the drug cannot be compacted into a solid tablet. A shell or container made of gelatin that contains the drug. Liquids form of dietary supplement is expected to witness the highest CAGR growth of 6.0% during the forecast period 2020-2026.

“Medicinal supplement is expected to dominate the Functionality segment during the analyzed period.”

Based on Functionality, the global dietary supplement market is fragmented into the additional supplement, medicinal supplements and sports nutrition. In 2019, Medicinal supplements occupied the maximum share of 47.9%. Medicinal supplements such as folic acid, iron and calcium among others are prescribed by doctors during pregnancy or are useful in reducing the risk of certain diseases. However, the Sports nutrition segment is expected to witness the highest CAGR of 6.4% during the analyzed period.

“Dietary supplement is majorly applied in the pharmaceutical sector”

Based on the application area, the market is bifurcated into food & beverage, pharmaceutical and personal care. The pharmaceutical segment dominated the global dietary supplement market in 2019. The segment is expected to generate revenue of US$ 122.0 billion by 2026. Dietary supplements are recommended by health care provider if foods that provide important nutrients are lacking, or when a vitamin or mineral deficiency has been diagnosed.

“Amongst End-User, the Adult woman is anticipated to dominate the Global Dietary Supplement market by 2026.”

Based on end-user, the market is bifurcated into pediatrics, adult women, adult men and baby boomers. Adult Women dominated the Dietary Supplement market and is expected to maintain its dominance during the forecast. During pregnancy, some mineral and vitamin need increases and women may need to take a prenatal vitamin. Baby Boomers segments are expected to increase their spending to US$ 48.33 billion on dietary supplements by 2026

“Drug Stores were the most preferred sale channel for Dietary supplements, with a 38.3% share in 2019”

Based on the distribution channel, the global dietary supplements market is segmented into convenience stores, supermarket/hypermarkets, drug stores, and online. In 2019, drug stores dominated the market, however, Others (Online) sales channels are expected to witness the highest CAGR growth during the forecast period 2020-2026.

“North America represents one of the largest markets of the Global Dietary Supplement market.”

For a deep-dive analysis of the industry, detailed country-level study is conducted for major regions/countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Poland, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific) and Rest of the World. Asia-Pacific is considered the largest market due to factors such as rising awareness and rising healthcare spending in countries such as China, India, and the growing elderly population in Japan. Asia-Pacific is expected to generate revenue of US$ 131.39 billion by 2026.

Competitive Landscape-Top 20 Market Players

Amway, Abbott Laboratories, Pfizer, Arkopharma Laboratoires Pharmaceutiques, Ricola AG., Nu Skin Enterprises, Inc., Naturalife Asia Co., Ltd., Omega Protein Corporation., Archer Daniels Midland, The Nature’s Bounty Co., Himalaya Global Holdings Ltd, GlaxoSmithKline, Herbalife International, Pharmavite LLC., Integrated BioPharma, Inc., Glanbia, Bayer, Bionova Lifesciences, Nutraceutics Corporation and Ekomir are some of the prominent players operating in the Global Dietary Supplement market industry. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.

Reasons to buy:

  • Current and future market size from 2018 to 2026 in terms of value (US$)
  • Combined analysis of deep-dive secondary research and input from primary research through Key Opinion Leaders of the industry
  • Country-level details of the overall adoption of Dietary Supplement market
  • A quick review of overall industry performance at a glance
  • In-depth analysis of key industry players
  • A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
  • Examination of industry attractiveness with the help of Porter’s Five Forces analysis and start ups
  • The study comprehensively covers the market across different segments and sub-segments of the technology
  • Region/country Covered: North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Poland, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific) and Rest of the World

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  1.1Market Definition 
  1.2Objective of the Study
  1.3Limitation  
  1.4Stakeholders 
  1.5Currency used in the Report
  1.6Scope of the Global Dietary Supplement Market Study
  2.1Research Methodology for the Dietary Supplement Market Study
   2.1.1Main objective of the Dietary Supplement Market Study
  5.1Introduction  
  5.2Market Dynamics 
   5.2.1Market Trend & Drivers
    5.2.1.1Escalating Demand of Dietary Supplements in Geriatric Population
    5.2.1.2Rising Disposable Income
    5.2.1.3Increasing Awareness Regarding the Functional Benefits of Dietary Supplements
    5.2.1.4Improving Health Standards and Increasing Health Expenditure
    5.2.1.5Rise in the Number of Fitness Centers and Gymnasiums
   5.2.2Market Challenges
    5.2.2.1Stringent Government Regulations
    5.2.2.2Negative Publicity and False Promises by the Players
   5.2.3Market Opportunities
    5.2.3.1Proliferating demand for personalized supplement solutions
    5.2.3.2Increasing Consciousness of People Regarding Health
  6.1General Overview 
   6.1.1United States
  7.1Demand Side Analysis
  7.2Supply Side Analysis
   7.2.1Top Partnerships
   7.2.2Top Mergers & Acquisitions
   7.2.3Top Funding 
   7.2.4Top Business Expansion
   7.2.5Top Product Launches
   7.2.6Top Start-ups under Dietary Supplement Industry
 8.1Value Chain Analysis
 9.1Export-Import Scenario of Dietary Supplements
  10.1General Overview 
   10.1.1Vitamin Supplement
   10.1.2Mineral Supplement
   10.1.3 Botanical Supplement
   10.1.4Fatty Acid Supplement
   10.1.5Proteins & Amino Acids
   10.1.6 Others Supplement
  11.1General Overview 
   11.1.1Tablets 
   11.1.2Capsules 
   11.1.3 Powder 
   11.1.4Liquid 
   11.1.5 Other Form

 

  12.1General Overview 
   12.1.1Additional supplement
   12.1.2Medicinal supplements
   12.1.3Sports nutrition
  13.1General Overview 
   13.1.1Food & Beverage
   13.1.2Pharmaceutical
   13.1.3Personal Care
  14.1General Overview 
   14.1.1Adult Women
   14.1.2Adult Men 
   14.1.3Pediatrics 
   14.1.4Baby Boomer
  15.1General Overview 
   15.1.1Convenience Stores
   15.1.2Supermarket/Hypermarket
   15.1.3Drug store 
   15.1.4Others (Online)
  16.1General Overview 
  16.2North America Dietary Supplement Market
   16.2.1North America Dietary Supplement Market, by Product Type
   16.2.2North America Dietary Supplement Market, by Form
   16.2.3North America Dietary Supplement Market, by Functionality
   16.2.4North America Dietary Supplement Market, by Application
   16.2.5North America Dietary Supplement Market, by End-User
   16.2.6North America Dietary Supplement Market, by Distribution Channel
   16.2.7North America Dietary Supplement Market, by Country
    16.2.7.1US Dietary Supplement Market
     16.2.7.1.1US Dietary Supplement Market, by Product Type
     16.2.7.1.2US Dietary Supplement Market, by Form
     16.2.7.1.3US Dietary Supplement Market, by Functionality
     16.2.7.1.4US Dietary Supplement Market, by Application
     16.2.7.1.5US Dietary Supplement Market, by End-User
     16.2.7.1.6US Dietary Supplement Market, by Distribution Channel
    16.2.7.2Canada Dietary Supplement Market
     16.2.7.2.1Canada Dietary Supplement Market, by Product Type
     16.2.7.2.2Canada Dietary Supplement Market, by Form
     16.2.7.2.3Canada Dietary Supplement Market, by Functionality
     16.2.7.2.4Canada Dietary Supplement Market, by Application
     16.2.7.2.5Canada Dietary Supplement Market, by End-User
     16.2.7.2.6Canada Dietary Supplement Market, by Distribution Channel
    16.2.7.3Rest of North America Dietary Supplement Market
     16.2.7.3.1Rest of North America Dietary Supplement Market, by Product Type
     16.2.7.3.2Rest of North America Dietary Supplement Market, by Form
     16.2.7.3.3Rest of North America Dietary Supplement Market, by Functionality
     16.2.7.3.4Rest of North America Dietary Supplement Market, by Application
     16.2.7.3.5Rest of North America Dietary Supplement Market, by End-User
     16.2.7.3.6Rest of NA Dietary Supplement Market, by Distribution Channel
  16.3Europe Dietary Supplement Market
   16.3.1Europe Dietary Supplement Market, by Product Type
   16.3.2Europe Dietary Supplement Market, by Form
   16.3.3Europe Dietary Supplement Market, by Functionality
   16.3.4Europe Dietary Supplement Market, by Application
   16.3.5Europe Dietary Supplement Market, by End-User
   16.3.6Europe Dietary Supplement Market, by Distribution Channel
   16.3.7Europe Dietary Supplement Market, by Country
    16.3.7.1Germany Dietary Supplement Market
     16.3.7.1.1Germany Dietary Supplement Market, by Product Type
     16.3.7.1.2Germany Dietary Supplement Market, by Form
     16.3.7.1.3Germany Dietary Supplement Market, by Functionality
     16.3.7.1.4Germany Dietary Supplement Market, by Application
     16.3.7.1.5Germany Dietary Supplement Market, by End-User
     16.3.7.1.6Germany Dietary Supplement Market, by Distribution Channel
    16.3.7.2United Kingdom Dietary Supplement Market
     16.3.7.2.1United Kingdom Dietary Supplement Market, by Product Type
     16.3.7.2.2United Kingdom Dietary Supplement Market, by Form
     16.3.7.2.3United Kingdom Dietary Supplement Market, by Functionality
     16.3.7.2.4United Kingdom Dietary Supplement Market, by Application
     16.3.7.2.5United Kingdom Dietary Supplement Market, by End-User
     16.3.7.2.6United Kingdom Dietary Supplement Market, by Distribution Channel
    16.3.7.3Italy Dietary Supplement Market
     16.3.7.3.1Italy Dietary Supplement Market, by Product Type
     16.3.7.3.2Italy Dietary Supplement Market, by Form
     16.3.7.3.3Italy Dietary Supplement Market, by Functionality
     16.3.7.3.4Italy Dietary Supplement Market, by Application
     16.3.7.3.5Italy Dietary Supplement Market, by End-User
     16.3.7.3.6Italy Dietary Supplement Market, by Distribution Channel
    16.3.7.4France Dietary Supplement Market
     16.3.7.4.1France Dietary Supplement Market, by Product Type
     16.3.7.4.2France Dietary Supplement Market, by Form
     16.3.7.4.3France Dietary Supplement Market, by Functionality
     16.3.7.4.4France Dietary Supplement Market, by Application
     16.3.7.4.5France Dietary Supplement Market, by End-User
     16.3.7.4.6France Dietary Supplement Market, by Distribution Channel
    16.3.7.5Poland Dietary Supplement Market
     16.3.7.5.1Poland Dietary Supplement Market, by Product Type
     16.3.7.5.2Poland Dietary Supplement Market, by Form
     16.3.7.5.3Poland Dietary Supplement Market, by Functionality
     16.3.7.5.4Poland Dietary Supplement Market, by Application
     16.3.7.5.5Poland Dietary Supplement Market, by End-User
     16.3.7.5.6Poland Dietary Supplement Market, by Distribution Channel
    16.3.7.6Rest of the Europe Dietary Supplement Market
     16.3.7.6.1Rest of the Europe Dietary Supplement Market, by Product Type
     16.3.7.6.2Rest of the Europe Dietary Supplement Market, by Form
     16.3.7.6.3Rest of the Europe Dietary Supplement Market, by Functionality
     16.3.7.6.4Rest of the Europe Dietary Supplement Market, by Application
     16.3.7.6.5Rest of the Europe Dietary Supplement Market, by End-User
     16.3.7.6.6Rest of the Europe Dietary Supplement Market, by Distribution Channel
  16.4Asia-Pacific Dietary Supplement Market
   16.4.1Asia-Pacific Dietary Supplement Market, by Product Type
   16.4.2Asia-Pacific Dietary Supplement Market, by Form
   16.4.3Asia-Pacific Dietary Supplement Market, by Functionality
   16.4.4Asia-Pacific Dietary Supplement Market, by Application
   16.4.5Asia-Pacific Dietary Supplement Market, by End-User
   16.4.6Asia-Pacific Dietary Supplement Market, by Distribution Channel
   16.4.7Asia-Pacific Dietary Supplement Market, by Country
    16.4.7.1China Dietary Supplement Market
     16.4.7.1.1China Dietary Supplement Market, by Product Type
     16.4.7.1.2China Dietary Supplement Market, by Form
     16.4.7.1.3China Dietary Supplement Market, by Functionality
     16.4.7.1.4China Dietary Supplement Market, by Application
     16.4.7.1.5China Dietary Supplement Market, by End-User
     16.4.7.1.6China Dietary Supplement Market, by Distribution Channel
    16.4.7.2India Dietary Supplement Market
     16.4.7.2.1India Dietary Supplement Market, by Product Type
     16.4.7.2.2India Dietary Supplement Market, by Form
     16.4.7.2.3India Dietary Supplement Market, by Functionality
     16.4.7.2.4India Dietary Supplement Market, by Application
     16.4.7.2.5India Dietary Supplement Market, by End-User
     16.4.7.2.6India Dietary Supplement Market, by Distribution Channel
    16.4.7.3Japan Dietary Supplement Market
     16.4.7.3.1Japan Dietary Supplement Market, by Product Type
     16.4.7.3.2Japan Dietary Supplement Market, by Form
     16.4.7.3.3Japan Dietary Supplement Market, by Functionality
     16.4.7.3.4Japan Dietary Supplement Market, by Application
     16.4.7.3.5Japan Dietary Supplement Market, by End-User
     16.4.7.3.6Japan Dietary Supplement Market, by Distribution Channel
    16.4.7.4Rest of the APAC Dietary Supplement Market
     16.4.7.4.1Rest of the APAC Dietary Supplement Market, by Product Type
     16.4.7.4.2Rest of the APAC Dietary Supplement Market, by Form
     16.4.7.4.3Rest of the APAC Dietary Supplement Market, by Functionality
     16.4.7.4.4Rest of the APAC Dietary Supplement Market, by Application
     16.4.7.4.5Rest of the APAC Dietary Supplement Market, by End-User
     16.4.7.4.6Rest of the APAC Dietary Supplement Market, by Distribution Channel
  16.5Rest of World Dietary Supplement Market
   16.5.1Rest of World Dietary Supplement Market, by Product Type
   16.5.2Rest of World Dietary Supplement Market, by Form
   16.5.3Rest of World Dietary Supplement Market, by Functionality
   16.5.4Rest of World Dietary Supplement Market, by Application
   16.5.5Rest of World Dietary Supplement Market, by End-User
   16.5.6Rest of World Dietary Supplement Market, by Distribution Channel
  17.1Porter’s Five forces analysis
   17.1.1Bargaining power of Supplier
   17.1.2Bargaining power of Buyer
   17.1.3Industry Rivalry
   17.1.4Availability of Substitute
   17.1.5Threat of new Entrants
  17.2Competitive Landscape
   17.2.1Market Share of Key Players in Dietary Supplement Market, 2019
  18.1Nu Skin Enterprises
   18.1.1Key Facts 
   18.1.2Business Description
   18.1.3Key Product/Services Offerings
   18.1.4Growth Strategy
   18.1.5SWOT Analysis
   18.1.6Key Financials
    18.1.6.1Revenue Split, by Region and Segment
   18.1.7Recent Developments
    18.1.7.1Product Launches
    18.1.7.2Business Expansions and Investment
  18.2Amway  
   18.2.1Key Facts 
   18.2.2Business Description
   18.2.3Key Product/Services Offerings
   18.2.4Growth Strategy
   18.2.5SWOT Analysis
   18.2.6Key Financials
    18.2.6.1Revenue Split
    18.2.6.2Financial Overview of Amway
   18.2.7Recent Developments
    18.2.7.1Product Launches
    18.2.7.2AeroVironment Inc Partnerships (Strategic Alliance)
    18.2.7.3Business Expansions
    18.2.7.4Mergers & Acquisitions
  18.3Abbott Laboratories
   18.3.1Key Facts 
   18.3.2Business Description
   18.3.3Key Product/Services Offerings
   18.3.4Growth Strategy
   18.3.5SWOT Analysis
   18.3.6Key Financials
    18.3.6.1Revenue Split
    18.3.6.2Financial Overview of Abbott Laboratories
   18.3.7Recent Developments
    18.3.7.1Product Launches
    18.3.7.2Partnerships (Strategic Alliance)
    18.3.7.3Business Expansions
    18.3.7.4Mergers& Acquisitions
  18.4Pfizer   
   18.4.1Key Facts 
   18.4.2Business Description
   18.4.3Key Product/Services Offerings
   18.4.4Growth Strategy
   18.4.5SWOT Analysis
   18.4.6Key Financials
    18.4.6.1Revenue Split
    18.4.6.2Financial Overview of Pfizer
   18.4.7Recent Developments
    18.4.7.1Product Launches
    18.4.7.2Partnerships (Strategic Alliance)
    18.4.7.3Business Expansions
    18.4.7.4Mergers& Acquisitions
  18.5Arkopharma Laboratoires Pharmaceutiques
   18.5.1Key Facts 
   18.5.2Business Description
   18.5.3Key Product/Services Offerings
   18.5.4Growth Strategy
   18.5.5SWOT Analysis
   18.5.6Recent Developments
    18.5.6.1Product Launches
    18.5.6.2Partnerships (Strategic Alliance)
    18.5.6.3Business Expansions
    18.5.6.4Mergers& Acquisitions
  18.6Naturalife Asia Co., Ltd.
   18.6.1Key Facts 
   18.6.2Business Description
   18.6.3Key Product/Services Offerings
   18.6.4Growth Strategy
   18.6.5SWOT Analysis
   18.6.6Recent Developments
    18.6.6.1Product Launches
    18.6.6.2Partnerships (Strategic Alliance)
    18.6.6.3Business Expansions
    18.6.6.4Mergers& Acquisitions
  18.7Omega Protein Corporation
   18.7.1Key Facts 
   18.7.2Business Description
   18.7.3Key Product/Services Offerings
   18.7.4Growth Strategy
   18.7.5SWOT Analysis
   18.7.6Key Financials
    18.7.6.1Revenue Split
    18.7.6.2Financial Overview of Omega Protein Corporation
   18.7.7Recent Developments
    18.7.7.1Product Launches
    18.7.7.2Partnerships (Strategic Alliance)
    18.7.7.3Business Expansions
    18.7.7.4Mergers& Acquisitions
  18.8Archer Daniels Midland
   18.8.1Key Facts 
   18.8.2Business Description
   18.8.3Key Product/Services Offerings
   18.8.4Growth Strategy
   18.8.5SWOT Analysis
   18.8.6Key Financials
    18.8.6.1Revenue Split
    18.8.6.2Financial Overview of Archer Daniels Midland
   18.8.7Recent Developments
    18.8.7.1Product Launches
    18.8.7.2Partnerships (Strategic Alliance)
    18.8.7.3Business Expansions
    18.8.7.4Mergers& Acquisitions
  18.9Glanbia, Plc  
   18.9.1Key Facts 
   18.9.2Business Description
   18.9.3Key Product/Services Offerings
   18.9.4Growth Strategy
   18.9.5SWOT Analysis
   18.9.6Key Financials
    18.9.6.1Revenue Split
    18.9.6.2Financial Overview of Glanbia, Plc
   18.9.7Recent Developments
    18.9.7.1Product Launches
    18.9.7.2Partnerships (Strategic Alliance)
    18.9.7.3Business Expansions
    18.9.7.4Mergers& Acquisitions
  18.10The Nature’s Bounty Co
   18.10.1Key Facts 
   18.10.2Business Description
   18.10.3Key Product/Services Offerings
   18.10.4Growth Strategy
   18.10.5SWOT Analysis
   18.10.6Key Financials
    18.10.6.1Revenue Split
    18.10.6.2Financial Overview of The Nature’s Bounty Co
   18.10.7Recent Developments
    18.10.7.1Product Launches
    18.10.7.2Partnerships (Strategic Alliance)
    18.10.7.3Business Expansions
    18.10.7.4Mergers& Acquisitions
  18.11Himalaya Global Holdings Ltd
   18.11.1Key Facts 
   18.11.2Business Description
   18.11.3Key Product/Services Offerings
   18.11.4Growth Strategy
   18.11.5SWOT Analysis
   18.11.6Recent Developments
    18.11.6.1Product Launches
    18.11.6.2Partnerships (Strategic Alliance)
    18.11.6.3Business Expansions
    18.11.6.4Mergers& Acquisitions
  18.12GlaxoSmithKline 
   18.12.1Key Facts 
   18.12.2Business Description
   18.12.3Key Product/Services Offerings
   18.12.4Growth Strategy
   18.12.5SWOT Analysis
   18.12.6Key Financials
    18.12.6.1Revenue Split
    18.12.6.2Financial Overview of GlaxoSmithKline
   18.12.7Recent Developments
    18.12.7.1Product Launches
    18.12.7.2Partnerships (Strategic Alliance)
    18.12.7.3Business Expansions
    18.12.7.4Mergers& Acquisitions
  18.13Herbalife International
   18.13.1Key Facts 
   18.13.2Business Description
   18.13.3Key Product/Services Offerings
   18.13.4Growth Strategy
   18.13.5SWOT Analysis
   18.13.6Key Financials
    18.13.6.1Revenue Split
    18.13.6.2Financial Overview of Herbalife International
   18.13.7Recent Developments
    18.13.7.1Product Launches
    18.13.7.2Partnerships (Strategic Alliance)
    18.13.7.3Business Expansions
    18.13.7.4Mergers& Acquisitions
  18.14Pharmavite LLC. 
   18.14.1Key Facts 
   18.14.2Business Description
   18.14.3Key Product/Services Offerings
   18.14.4Growth Strategy
   18.14.5SWOT Analysis
   18.14.6Recent Developments
    18.14.6.1Product Launches
    18.14.6.2Partnerships (Strategic Alliance)
    18.14.6.3Business Expansions
    18.14.6.4Mergers& Acquisitions
  18.15Integrated BioPharma, Inc.
   18.15.1Key Facts 
   18.15.2Business Description
   18.15.3Key Product/Services Offerings
   18.15.4Growth Strategy
   18.15.5SWOT Analysis
   18.15.6Key Financials
    18.15.6.1Revenue Split
    18.15.6.2Financial Overview of Integrated BioPharma, Inc.
   18.15.7Recent Developments
    18.15.7.1Product Launches
    18.15.7.2Partnerships (Strategic Alliance)
    18.15.7.3Business Expansions
    18.15.7.4Mergers& Acquisitions
  18.16Ricola AG  
   18.16.1Key Facts 
   18.16.2Business Description
   18.16.3Key Product/Services Offerings
   18.16.4Growth Strategy
   18.16.5SWOT Analysis
   18.16.6Recent Developments
    18.16.6.1Product Launches
    18.16.6.2Partnerships (Strategic Alliance)
    18.16.6.3Business Expansions
    18.16.6.4Mergers& Acquisitions
  18.17Bayer   
   18.17.1Key Facts 
   18.17.2Business Description
   18.17.3Key Product/Services Offerings
   18.17.4Growth Strategy
   18.17.5SWOT Analysis
   18.17.6Key Financials
    18.17.6.1Revenue Split
    18.17.6.2Financial Overview of Bayer
   18.17.7Recent Developments
    18.17.7.1Product Launches
    18.17.7.2Partnerships (Strategic Alliance)
    18.17.7.3Business Expansions
    18.17.7.4Mergers& Acquisitions
  18.18Bionova Lifesciences
   18.18.1Key Facts 
   18.18.2Business Description
   18.18.3Key Product/Services Offerings
   18.18.4Growth Strategy
   18.18.5SWOT Analysis
   18.18.6Recent Developments
    18.18.6.1Product Launches
    18.18.6.2Partnerships (Strategic Alliance)
    18.18.6.3Business Expansions
    18.18.6.4Mergers& Acquisitions
  18.19Nutraceutics Corporation
   18.19.1Key Facts 
   18.19.2Business Description
   18.19.3Key Product/Services Offerings
   18.19.4Growth Strategy
   18.19.5SWOT Analysis
   18.19.6Recent Developments
    18.19.6.1Product Launches
    18.19.6.2Partnerships (Strategic Alliance)
    18.19.6.3Business Expansions
    18.19.6.4Mergers& Acquisitions
  18.2Ekomir  
   18.20.1Key Facts 
   18.20.2Business Description
   18.20.3Key Product/Services Offerings
   18.20.4Growth Strategy
   18.20.5SWOT Analysis
   18.20.6Recent Developments
    18.20.6.1Product Launches
    18.20.6.2Partnerships (Strategic Alliance)
    18.20.6.3Business Expansions
    18.20.6.4Mergers& Acquisitions

Research Methodology

Analyzing the historical market, estimation of the current market and forecasting the future market for Global Dietary Supplement were the three major steps undertaken to create and analyze the overall sales of Dietary Supplement in major regions/countries globally. Exhaustive secondary research was conducted to collect the historical market and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across the value chain of the Dietary Supplement market. Post assumption and validation of market numbers through primary interviews, a top-down approach was employed to forecast the complete market size of the global Dietary Supplement. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the Dietary Supplement products. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Global Dietary Supplement through company internal sources such as annual report & financial statements, performance presentations, press releases, inventory records, etc. and external sources including trade journals, news & articles, government publications, competitor publications, sector reports, regulatory bodies publications, safety standard organizations, third-party database and other credible publications. For economic data collection, sources such as the World Bank, CDC, European Commission (EC), United Nations and WHO, OECD among others were used.

Step 2: Market Segmentation:

After obtaining the historical market size of the overall market, a detailed secondary analysis was done to gather historical market insights and share for different segments and sub-segments of the Global Dietary Supplement. Major segments included in the report are product type, form, functionality, application, end-user and distribution channel.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments detailed factor analysis was conducted to estimate the current market size of the global Dietary Supplement. Factor analysis was conducted using dependent and independent variables such as escalating demand of dietary supplements in the geriatric population, rising disposable income, increasing awareness regarding the functional benefits of dietary supplements, improving health standards and increasing health expenditure and rise in the number of fitness centers and gymnasiums. Historical trends of the global Dietary Supplement and their year-on-year impact on the market size and share in the recent past were analyzed. The demand and supply-side scenario were also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, market shares of these players and industry’s supply chain. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers, restraints, trends, and opportunities available for industry participants. After analyzing these factors, relevant forecasting techniques i.e. Top-down was applied to arrive at the market forecast pertaining to 2026 for different segments and sub-segments for major regions/countries. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and rate of adoption of Dietary Supplement Globally
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in major applications and markets as well as the market share of each player. Also, the growth strategies adopted by these players to compete in the ever-growing global Dietary Supplement market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, etc.). Primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. Input from primary research was consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

Data triangulation technique was employed to complete the overall market engineering process and to arrive at precise statistical numbers of each segment and sub-segment pertaining to the Global Dietary Supplement market. Data was split into several segments post studying various parameters and trends in the areas of application such as product type such as Vitamin Supplement, Mineral Supplement, Botanical Supplement, Fatty Acid Supplement, Proteins & Amino Acids and Others, form, end-user, functionality, application, distribution channel and regions such as North America, Europe, Asia-Pacific among others

Main objective of the Dietary Supplement Market Study

The current & future market trends of the Global Dietary Supplement market are pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the global Dietary Supplement market in terms of value (US$)
  • Analyze the current and forecast market size of different segments and sub-segments of the global Dietary Supplement market
  • To analyze the revenue and business models of the market players in the industry
  • To understand the initiatives undertaken by players to increase the overall analysis of Dietary Supplement in major regions
  • Define and describe the anticipate potential risk associated with the market
  • Define and analysis of the government regulations for dietary supplements
  • Analyze the current and forecast market size of the global Dietary Supplement market for major regions/countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Poland, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific) and Rest of the World
  • Define and analyze the competitive landscape of the global Dietary Supplement market and the growth strategies adopted by the market players to sustain in the fast-growing market

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