The global dietary supplements market is expected to reach a market valuation of US$ 163.12 Billion by the year 2022, accelerating with a CAGR of 8% by 2022 to 2032.
The global dietary supplement market is set to witness an impressive growth rate of 8% over the forecasted years of 2022 to 2032. The dietary supplement market size is anticipated to reach a valuation of around US$ 350.96 Billion by the end of year 2032 from the current valuation of US$ 163.12 Billion in 2022.
The sales of Dietary Fiber Supplement are expected to get highly profit from the growing acceptability of sports as a vocation that could increase the demand for Dietary Supplement Pills.? As its use can benefit overall health, bone and joint conditions, cardiovascular function, gastrointestinal irregularities, boost immunity, diabetes, anti-cancer, and other conditions the dietary supplement market opportunities have been augmented immensely in recent years.
Over the projected period, the Asia Pacific Herbal Dietary Supplement Market is anticipated to be driven by increased consumer recognition and rising per capita expendable cash in developing nations like China, India and Japan. While, the US dietary supplements market expansion is anticipated to be aided by rising health expenditure, an ageing population, rising interest in preventative healthcare, and increased interest in achieving wellness via nutrition.
The dietary supplements market trends are also anticipated to rise throughout the projected period due to new product introductions, which are likely to enhance the product’s popularity among different categories of demography.
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Key Takeaways from Market Study
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Competitive Landscape
Some of the well-known dietary supplements market players are Amway Corp., Glanbia PLC, Abbott, Bayer AG, Pfizer Inc., ADM, Nu Skin Enterprises, Inc., GlaxoSmithKline plc, Bionova, Ayanda, Arkopharma, Herbalife International of America, Inc., and Nature’s Sunshine Products, Inc. among others.
Recent Developments in the Global Dietary Supplements Market:
Dietary Supplements Market by Segmentation
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Jun 16, 2023