The global dietary supplements market is expected to reach USD 278.02 billion by 2024, according to a new report by Grand View Research, Inc. Favorable outlook towards medical nutrition market in light of increasing application for the treatment of malnutrition and cardiovascular disorders is likely to promote the market for dietary supplements.
Rising sales of sports nutrition products in the U.S. and China on account of increasing prevalence of fitness and sports at a domestic level along with new product launches is likely to have a significant impact on the industry over the projected period. The market is expected to generate revenues worth USD 37.16 billion by 2024.
Rising consumption of clinical nutrition products as a prevention medium for reducing malnutrition is expected to have a substantial impact. Furthermore, increasing prevalence of premature births on a global level is expected to promote the use of medicinal supplements over the forecast period. The market was worth USD 19.17 billion in 2015 and is projected to witness growth at a CAGR of 9.5% from 2016 to 2024.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/dietary-supplements-market
Further key findings from the report suggest:
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The market for dietary supplement capsules was
valued at USD 26.42 billion in 2015. The increasing use of omega-3 fatty acids
in the formulation of dietary supplement capsules is expected to have a
positive impact over the forecast period.
·
Amino acid-based dietary supplements accounted
for 14.3% of the market share in 2015 and is projected to witness significant
growth on account of increasing protein intake by bodybuilders and sports
athletes
·
Gel caps and soft gels together accounted for
13.2% of the overall market in 2015. These products are expected to witness
growth on account of their increasing application in confectionaries including
chocolates, candies, and desserts.
·
Asia Pacific is projected to growth at a CAGR of
11.2% from 2016 to 2024. Rising sales of green juice, royal jelly, blueberries,
chlorella, and black vinegar in Japan owing to increasing awareness towards
natural products is expected to promote the use of nutritional supplements over
the forecast period.
·
North America accounted for 28.5% of the total
market in 2015 and is projected to witness growth on account of increasing
consumption of products with reduced calorie level and high nutritional content
·
Key participants include Amway Corporation,
Pfizer Pharmaceuticals, Abbott Laboratories, Herbalife International, ADM,
DuPont, and Carlyle Group. In April 2016, Amway Inc. launched a new sports
nutrition energy drink under the brand name, XS Sports Nutrition line. This
type of product innovation is expected to force manufacturers to develop new
products over the next eight years.
Read detailed report or request for sample of this research report: - http://www.grandviewresearch.com/industry-analysis/dietary-supplements-market/request
Grand View Research has segmented the global dietary supplements market by ingredient, product, application, end-use and region:
Ingredient Outlook (Revenue, USD Million, 2013 - 2024)
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Botanicals
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Vitamins
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Minerals
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Amino Acids
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Enzymes
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Others
Product Outlook (Revenue, USD Million, 2013 - 2024)
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Tablets
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Capsules
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Powder
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Liquids
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Soft Gels
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Gel Caps
Application Outlook (Revenue, USD Million, 2013 - 2024)
·
Additional Supplements
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Medicinal Supplements
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Sports Nutrition
End-use Outlook (Revenue, USD Million, 2013 - 2024)
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Infant
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Children
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Adults
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Pregnant Women
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Old-aged
Regional Outlook (Revenue, USD Million, 2013 - 2024)
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North America
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U.S.
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Canada
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Mexico
·
Europe
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Germany
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UK
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France
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Italy
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Asia Pacific
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China
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Japan
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India
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Latin America
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Brazil
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Middle East & Africa (MEA)
·
South Africa
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
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