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Dietary Supplements Market Forecast by Type, Function - 2028

The global dietary supplements market is projected to grow from USD 167.5 billion in 2023 to USD 239.4 billion in 2028, at a CAGR of 7.4% during the forecast period.

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Dietary Supplements Market Forecast by Type, Function - 2028

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  1. DietarySupplementsMarketSize,Trends,IndustryAnalysis,andLeadingPlayersDietarySupplementsMarketSize,Trends,IndustryAnalysis,andLeadingPlayers • Thedietary supplements market sizeisprojectedtoreachUSD239.4billionby2028fromUSD167.5billionby2023,ataCAGRof7.4%duringtheforecastperiodintermsofvalue.Thedemandfordietarysupplementsisdrivenbyincreasingconsumerawarenessofhealthandwellness,preventivehealthcare,theagingpopulation,andrisingchronicdiseases.Theconvenienceofonlinepurchasingandproductavailabilityfurtherfuelmarketgrowth.Forinstance,intheUnitedStates,dietarysupplementconsumptionishighduetoahealth-consciouspopulation,aproactiveapproachtowellness,andarobustregulatoryframeworkensuringsafetyandqualitystandards. • DietarySupplementsIndustryAnalysis: • Thedietary supplements industryhasexperiencedsignificantgrowthandevolutioninrecentyears,drivenbyincreasinghealthconsciousness,agrowingagingpopulation,andarisingfocusonpreventivehealthcare.Thisanalysiswillcoverkeyaspectsofthedietarysupplementsindustry,includingmarkettrends,drivers,challenges,andprospects. • Dietary Supplements Market Overview: • Theglobaldietarysupplementsmarkethaswitnessedsteadygrowth,withadiverserangeofproductscateringtovarioushealthandwellnessneeds. • Nutritionalsupplements,vitamins,minerals,herbalsupplements,andsportsnutritionproductsconstitutemajorsegmentsintheindustry. • MarketDrivers: • HealthandWellnessTrends:Risingawarenessoftheimportanceofahealthylifestyleandpreventivehealthcarehasfuelleddemandfordietarysupplements. • AgingPopulation:Theagingglobalpopulationhasincreasedthedemandforsupplementstargetingage-relatedhealthconcerns,suchasbonehealthandcognitivefunction. • E-commerceBoom:Theeaseofonlinepurchasinghascontributedtotheindustry'sgrowth,allowingconsumerstoaccessawiderangeofproductsconveniently. • MarketChallenges: • RegulatoryCompliance:Stringentregulationsandvaryingstandardsacrossregionsposechallengesformanufacturersintermsofcomplianceandproductformulation. • SafetyConcerns:Reportsofcontaminationandmislabellinghaveraisedconcernsaboutthesafetyandefficacyofsomedietarysupplements,impactingconsumertrust. • MarketSaturation:Themarketisbecomingsaturatedwithamultitudeofproducts,makingitchallengingfornewentrantstodifferentiatethemselves. • Dietary Supplements Market Trends: • Personalization:Consumersareincreasinglyseekingpersonalizednutritionsolutions,leadingtothedevelopmentoftailor-madesupplementsbasedonindividualhealthneeds. • CleanLabel:Thereisagrowingdemandforsupplementswithtransparentingredientlists,freefromartificialadditives,andwithafocusonnaturalandorganicsources. • DigitalHealthIntegration:Theincorporationoftechnology,suchasmobileappsandwearables,intotheindustryallowsconsumerstotracktheirhealthandsupplementintakemoreeffectively. • FutureProspects: • InnovationinIngredients:Continuedresearchanddevelopmentwilldrivetheindustrytowardsnovelingredients,includingbotanicalextracts,probiotics,andbioactivecompounds. • Sustainability:Consumersareincreasinglyconsciousoftheenvironmentalimpactoftheirchoices.Sustainablesourcingandeco-friendlypackagingwilllikelybecomekeyconsiderations. • ElderlyNutrition:Withanagingpopulation,therewillbeagrowingfocusondevelopingsupplementsthataddressthespecificnutritionalneedsofseniors. • MakeanInquiry:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=973

  2. TopCompaniesintheDietarySupplementsMarket: • Nestle(Switzerland) • Abbott(US) • AmwayCorp(US) • PfizerInc.(US) • ADM(US) • InternationalFlavors&Fragrance(US) • OtsukaHoldingsCo.,Ltd(Tokyo) • GlanbiaPLC(Ireland) • GSKPLC(UK) • BayerAG(Germany) • HerbalifeInternationalofAmerica,Inc.(US) • Get10%freecustomizationonthisreport: • https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=973 • About MarketsandMarkets™ • MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machineofferingtodrivesupernormalgrowthforprogressiveorganizationsintheB2Bspace.Wehavethewidestlensonemergingtechnologies,makingusproficientinco-creatingsupernormalgrowthforclients. • TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreamsthataresubstitutingexistingrevenuestreamsinthisdecadealone.Weworkwithclientsongrowthprograms,helpingthemmonetizethis$25trillionopportunitythroughourservicelines-TAMExpansion,Go-to-Market(GTM)StrategytoExecution,MarketShareGain,AccountEnablement,andThoughtLeadershipMarketing. • Builtonthe'GIVEGrowth'principle,weworkwithseveralForbesGlobal2000B2Bcompanies-helpingthemstayrelevantinadisruptiveecosystem.Ourinsightsandstrategiesaremoldedbyourindustryexperts,cutting-edgeAI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integratesourresearch,facilitatesananalysisofinterconnectionsthroughasetofapplications,helpingclientslookattheentireecosystemandunderstandtherevenueshiftshappeningintheirindustry. • To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter,LinkedInandFacebook. • Contact: • Mr.AashishMehraMarketsandMarkets™ INC. 630DundeeRoad • Suite430 • Northbrook,IL60062 • USA:+1-888-600-6441 • Email:sales@marketsandmarkets.com • ResearchInsight:https://www.marketsandmarkets.com/ResearchInsight/dietary-supplements-market.aspVisitOurWebsite:https://www.marketsandmarkets.com/ • ContentSource:https://www.marketsandmarkets.com/PressReleases/dietary-supplements.asp

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