Global Dietary Supplements Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : FMCG Date : July 4th, 2018
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The global dietary supplements market is projected to increase from USD 152.3 billion in 2017 to USD 259.5 billion in 2024, at a CAGR of 9.3% from 2018 to 2024. The growth in the dietary supplements market is attributed to the growing awareness about the health benefits of dietary supplements across the globe. Moreover, increased availability of new dietary supplements in the market is also expected to drive the growth during the forecast period.

 The years used for the assessment are as follows;

  • Historical year: 2014,2015, 2016
  • Base year            : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share.
  • Analyzing the collected data points
  • Bridging the data points to calculate the total dietary supplements market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global dietary supplements market
  • Finalizing the overall size and share of the global dietary supplements market

OBJECTIVES: 

  • To classify global dietary supplements market into segments on the basis of Ingredient, product form, distribution channel, and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers, and restraints associated with the global dietary supplements market
  •  Profiling key companies operating in the global dietary supplements market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for dietary supplements market is as follows:

By Ingredient 

  • Vitamins
  • Minerals
  • Botanicals
  • Amino Acids
  • Others

By Product Form 

  • Tablets
  • Capsules
  • Powders
  • Gels
  • Liquid
  • Others

By Distribution Channel

  • Supermarkets/ Hypermarkets
  • Direct Sellers
  • Chemists/Pharmacies
  • Internet Retailers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central & South America
  • Middle East & Africa(MEA)

The global dietary supplements market is expected to witness a CAGR of 9.3%, and is projected to reach USD 259.5 billion by 2024.  The growth in the dietary supplements market is attributed to the growing awareness about the health benefits of dietary supplements across the globe. Moreover, increased availability of new dietary supplements in the market is also expected to drive the growth during the forecast period. However, concerns regarding the safety and effectiveness of dietary supplements may hinder the market growth to some extent.

The online sale of dietary supplements is witnessing high growth rate. The major factor driving the growth in this segment is the convenience offered by the online channel. The online channel offers the benefits of price comparisons along with the information about the benefits and side effects of the ingredients. Manufacturers are also using the e-commerce platform to target the consumers. Moreover, increasing usage of internet across the globe is also driving the growth in the online distribution channel.

Geographically, Asia-Pacific held the major share of the dietary supplements market in 2017 and is expected to grow at the highest CAGR during the forecast period. The growth in the region is led by China and India, mainly due to increasing disposable income and growing awareness regarding the benefits of dietary supplements. The North American dietary supplements market is projected to show a significant growth rate during the forecast period. The growth in the North American region is mainly due to high adoption rate of dietary supplements among millennial consumers and young adults

The key players dealing in dietary supplements sector are BASF SE; Amway Corporation;  Abbott Laboratories; GlaxoSmithKline Limited, Archer Daniels Midland Company; Glanbia plc; Arkopharma Laboratoires; Bayer; Koninklijke DSM N.V. among others.

Dietary supplements market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Dietary Supplements Market – Market snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global dietary supplements market

3.4. Value chain analysis

3.5. Raw material trend

3.6. Regulatory impact

3.7. Market opportunities & trends

3.7.1. Opportunities

           3.7.1.1. Growing popularity of personalized supplements

3.7.2. Trends

           3.7.2.1. Increasing adoption of e-commerce

3.8. Market dynamics

3.8.1. Market driver analysis

   3.8.1.1. Growing awareness about the health benefits of dietary supplements

   3.8.1.2. Increased availability of new dietary supplements

3.8.2. Market restraint analysis

           3.8.2.1. Concerns regarding the safety and effectiveness of dietary supplements

3.8.3. Industry Analysis-Porters five forces of Analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive Analysis

4.2. Competitive Factors

4.3. Strategies Adopted

CHAPTER 5. Global Dietary Supplements Market Size and Forecast (2014 – 2024)

5.1. Global Dietary Supplements Market, By Ingredient (USD Million)

5.1.1. Vitamins

5.1.2. Minerals

5.1.3. Botanicals

5.1.4. Amino Acids

5.1.5. Others

5.2. Global Dietary Supplements Market, By Product Form (USD Million)

5.2.1. Tablets

5.2.2. Capsules

5.2.3. Powders

5.2.4. Gels

5.2.5. Liquid

5.2.6. Others

5.3. Global Dietary Supplements Market, By Distribution Channel (USD Million)

5.3.1. Supermarkets/Hypermarkets

5.3.2. Direct Sellers

5.3.3. Chemists/Pharmacies

5.3.4. Internet Retailers

5.3.5. Others

CHAPTER 6. Global Dietary Supplements Market Size and Forecast, By Geography (USD Million)

6.1. North America Dietary Supplements Market

6.1.1. North America Dietary Supplements Market, By Ingredient (USD Million)

6.1.2. North America Dietary Supplements Market, By Product Form (USD Million)

6.1.3. North America Dietary Supplements Market, By Distribution Channel (USD Million)

6.1.4. North America Dietary Supplements Market, By Country(USD Million)

  6.1.4.1. U.S.

  6.1.4.2. Canada

  6.1.4.3. Mexico

6.2. Europe Dietary Supplements Market (USD Million)

6.2.1. Europe Dietary Supplements Market, By Product Type (USD Million)

6.2.2. Europe Dietary Supplements Market, By Product Form (USD Million)

6.2.3. Europe Dietary Supplements Market, By Distribution Channel (USD Million)

6.2.4. Europe Dietary Supplements Market, By Country(USD Million)

   6.2.4.1. Germany

   6.2.4.2. U.K

   6.2.4.3. France

   6.2.4.4. Italy

   6.2.4.5. Russia

   6.2.4.6. Spain

   6.2.4.7. Rest of Europe

6.3. Asia-Pacific Dietary Supplements Market(USD Million)

6.3.1. Asia-Pacific Dietary Supplements Market, By Ingredient (USD Million)

6.3.2. Asia-Pacific Dietary Supplements Market, By Product Form (USD Million)

6.3.3. Asia-Pacific Dietary Supplements Market, By Distribution Channel (USD Million)

6.3.4. Asia-Pacific Dietary Supplements Market, By Country (USD Million)

 6.3.4.1. Australia

 6.3.4.2. China

 6.3.4.3. India

 6.3.4.4. Japan

 6.3.4.5. Rest of Asia-Pacific

6.4. Central & South America Dietary Supplements Market (USD Million)

6.4.1. South America Dietary Supplements Market, By Ingredient (USD Million)

6.4.2. South America Dietary Supplements Market, By Product Form (USD Million)

6.4.3. South America Dietary Supplements Market, By Distribution Channel (USD Million)

6.4.4. South America Dietary Supplements Market, By Country (USD Million)

   6.4.4.1. Brazil

   6.4.4.2. Rest of South America

6.5. Middle East & Africa(MEA) Dietary Supplements Market (USD Million)

6.5.1. MEA Dietary Supplements Market, By Ingredient (USD Million)

6.5.2. MEA Dietary Supplements Market, By Product Form (USD Million)

6.5.3. MEA Dietary Supplements Market, By Distribution Channel (USD Million)

6.5.4. MEA Dietary Supplements Market, By Country (USD Million)

  6.5.4.1. South Africa

  6.5.4.2. Rest of MEA

CHAPTER 7. Key Players and Strategic Developments

7.1. BASF SE

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Amway Corporation

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Abbott Laboratories

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. GlaxoSmithKline Limited

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Archer Daniels Midland Company

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Glanbia plc

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Arkopharma Laboratoires

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Bayer

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Koninklijke DSM N.V.

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

Global Dietary Supplements Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024