Dietary Supplements Market Share, Size, Future Demand, and Emerging Trends
The major drivers in the global dietary supplements market are paradigm shifts in consumer preferences, increasing prevalence of long-term disorders, rising consumer inclination toward physical well-being and health, and snowballing demand for sports nutritional supplements. In 2021, the market stood at $123.1 billion, and it is predicted to touch $288.5 billion by 2030. The market will witness an approximately 10% CAGR from 2021 to 2030. The growth in the market will go hand in hand with the surging consumer awareness toward a healthy lifestyle, and the rising count of gyms and sports complexes.
Within the distribution channel segment, the development of the online retail category will augment growth in the dietary supplements market. There is a surging investment in the R&D activities to adapt to the shifting consumer tastes and preferences to cater to a wide range of consumers. Also, the increasing number of smartphones and rising internet penetration have boosted the sales of this category. Moreover, a surging inclination toward online retail will lead to an expansion of the scope of these products. Moreover, tailoring supplements for a specific consumer bracket will drive the market.
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https://www.psmarketresearch.com/market-analysis/dietary-supplements-market
In 2021, APAC dominated the dietary supplements market, accounting for at least 45% of the global market share. This can be ascribed to the surging awareness regarding supplements, growing population, increasing incidence of obesity, rising disposable income, and consequently, increasing purchasing parity of consumers on these health-enhancing products. Moreover, the market demand is fueled by the increasing incidence of chronic illness among the populous nations of Japan, India, and China.
Hence, a growing geriatric population, coupled with a growing count of gyms, health clubs, and fitness centers.
Dietary Supplements Market Share, Size, Future Demand, and Emerging Trends
The major drivers in the global dietary supplements market are paradigm shifts in consumer preferences, increasing prevalence of long-term disorders, rising consumer inclination toward physical well-being and health, and snowballing demand for sports nutritional supplements. In 2021, the market stood at $123.1 billion, and it is predicted to touch $288.5 billion by 2030. The market will witness an approximately 10% CAGR from 2021 to 2030. The growth in the market will go hand in hand with the surging consumer awareness toward a healthy lifestyle, and the rising count of gyms and sports complexes.
Within the distribution channel segment, the development of the online retail category will augment growth in the dietary supplements market. There is a surging investment in the R&D activities to adapt to the shifting consumer tastes and preferences to cater to a wide range of consumers. Also, the increasing number of smartphones and rising internet penetration have boosted the sales of this category. Moreover, a surging inclination toward online retail will lead to an expansion of the scope of these products. Moreover, tailoring supplements for a specific consumer bracket will drive the market.
Get More Insights: https://www.psmarketresearch.com/market-analysis/dietary-supplements-market
In 2021, APAC dominated the dietary supplements market, accounting for at least 45% of the global market share. This can be ascribed to the surging awareness regarding supplements, growing population, increasing incidence of obesity, rising disposable income, and consequently, increasing purchasing parity of consumers on these health-enhancing products. Moreover, the market demand is fueled by the increasing incidence of chronic illness among the populous nations of Japan, India, and China.
Hence, a growing geriatric population, coupled with a growing count of gyms, health clubs, and fitness centers.
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