Dublin, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The "Nutritional Supplements Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
In today's fast-evolving health and wellness landscape, nutritional supplements are taking center stage, providing individuals with essential micro and macronutrients that may be lacking in their diets. As a key component of dietary enhancement, these products have gained significant adoption across various demographics, from infants to the elderly, making them a crucial aspect of wellness routines. Our latest comprehensive report on the global nutritional supplements market delves deep into this burgeoning sector, offering insights vital for informed decision-making.
To stay competitive and ahead in the dynamic global nutritional supplements market, understanding market trends, key players, and disruptive innovations is essential. Our detailed nutritional supplements market report provides a comprehensive overview, from market segments and leading manufacturers to distribution channels, enabling you to stay informed about significant market developments and gain a competitive edge in this thriving industry.
Key Highlights from the Nutritional Supplements Market Report:
- Market Growth: The global nutritional supplements market is on a remarkable growth trajectory, projected to grow from $363.92 billion in 2022 to $389.38 billion in 2023 at a compound annual growth rate (CAGR) of 7%. This expansion is fueled by the rising prevalence of non-communicable diseases and increased awareness of health and wellness.
- New Product Innovations: A key trend in the market is the growing popularity of new product innovations. Major players in the nutritional supplement industry are focusing on creating new and convenient products tailored to modern lifestyles. For example, Amway India launched mouth-watering candies and jelly strips under the Nutrilite brand to cater to the preferences of modern consumers.
- Strategic Acquisitions: Mergers and acquisitions are playing a significant role in shaping the market. Nestle Health Science acquired The Bountiful Company for $5.75 billion, solidifying its position in the market of vitamins, minerals, and supplements. These strategic moves are helping companies expand their offerings and reach a broader customer base.
- Geographical Insights: Asia-Pacific leads the nutritional supplements market in 2022, with Latin America expected to be the fastest-growing region in the forecast period.
- Demand Driven by Non-Communicable Diseases: The rising prevalence of non-communicable diseases is driving demand for nutritional supplements. These supplements can help manage conditions like diabetes, addressing the health needs of millions of people worldwide.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $389.38 billion |
| Forecasted Market Value (USD) by 2027 | $507.43 billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
A selection of Companies mentioned in this report includes
- Abbott Laboratories
- The Archer-Daniels-Midland Company
- American Health Formulations Inc
- Amway Corporation
- ARKOPHARMA Laboratories Company Limited
- Ayanda GmbH
- DuPont de Nemours Inc
- DSM Human Nutrition & Health
- Herbalife Nutrition Ltd
- Pfizer Inc
- The Healing Power of Nature
- GlaxoSmithKline plc
- Bayer AG
- Glanbia Plc
- Carlyle Group
- Stepan Company
- Nu Skin
- XanGo
For more information about this report visit https://www.researchandmarkets.com/r/19mm4h
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