Fort Collins, Colorado, April 10, 2024 (GLOBE NEWSWIRE) --
Substantial rise in chronic diseases to propel the demand for berberine supplements
There has been a notable increase in the demand for natural and alternative remedies, such as berberine supplements, to address chronic ailments like type-2 diabetes, obesity, cardiovascular disease, and inflammatory disorders worldwide. According to the International Diabetes Federation, the worldwide prevalence of diabetes poses a significant health challenge, with 537 million adults aged 20 to 79 currently affected by diabetes. This substantial number emphasizes the global impact of diabetes on public health and healthcare systems. Besides, the projections indicate a persistent upward trajectory, with estimates suggesting that the total number of individuals living with diabetes will reach 643 million by 2030 and grow to 783 million by 2045.
The worldwide market for berberine supplements offers significant opportunities for product formulation and innovation advancement. Manufacturers can set themselves apart by introducing innovative formulations that enhance berberine supplements' effectiveness, absorption, and convenience. This innovation can take various forms, including developing new delivery methods such as capsules, tablets, powders, and liquid extracts. Manufacturers can gain a competitive edge by addressing consumer preferences, seizing the growing demand for top-quality berberine supplements, and investing in research and development geared toward product innovation. Through product innovation and formulation, companies can create distinctive offerings tailored to diverse consumer requirements, driving growth in the global market.
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Segmentation Overview:
The berberine supplement market has been segmented into product type, application, distribution channel, and region.
Capsules are projected to dominate in the forthcoming years
- The market is segmented into capsules, tablets, liquid, and powder based on product type. Capsules are expected to dominate the market growth in the forecast period owing to convenience in dosing and administration, allowing consumers to easily incorporate berberine into their daily routine.
Dietary supplements are the fast-growing supplements in the berberine supplement industry
- The market is further segmented by application into dietary supplements, pharmaceuticals, and cosmetics. The dietary supplements segment is the fastest-growing, driven by factors such as reducing body weight, waist circumference, and visceral fat by enhancing metabolism, promoting fat oxidation, and inhibiting fat accumulation.
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Berberine Supplement Market Report Highlights:
- The berberine supplement market growth is anticipated at a CAGR of 8.9% by 2032.
- Consumer awareness for health and fitness is expected to drive market growth for the berberine supplement industry.
- North America continues to dominate the global berberine supplement market. The region accounts for a substantial revenue share due to the high prevalence of chronic diseases such as diabetes, obesity, and cardiovascular conditions.
- Some prominent players in the berberine supplement market report include Nature's Way, Thorne Research, NOW Foods, Swanson Health Products, Gaia Herbs, Oregon's Wild Harvest, Himalaya Wellness, BioBotanical Research Inc., Pure Encapsulations, Integrative Therapeutics, NutraBio, Jarrow Formulas, Nature's Answer, Herb Pharm, Solaray.
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