New York, NY, Aug. 28, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has added a new report titled “Dietary Supplements Market by Ingredients (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes) for Additional Supplements, Medicinal Supplements and Sports Nutrition Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022” in its research database.
According to the report, the global dietary supplements market stood at US$ 132.8 billion in 2016. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this dietary supplements market is set to reach US$ 220.3 billion by the end of the forecast period. The main types available in this dietary supplements market are botanicals, amino acids, vitamins, enzymes, and minerals.
Citing an instance, in August 2018, TraceGains, compliance software information provider for food & beverage firms, acquired Healthnotes, a firm that offers regulatory & customer education to dietary supplement producers & retailers. Analysts project that the merger will help the dietary supplements market in sharing standardized data with many suppliers present on TraceGains supply chain network.
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In yet another move that can impact the growth of dietary supplements market, in July 2018, a study made at UMass Lowell's School of Criminology and Justice Studies revealed that dietary supplements such as omega- 3 fatty acid supplements can minimize abusive and disruptive behavior in both children as well as adults, thereby improving their behavior. For the record, it is empirically proved that omega-3 fatty acids improve the brain health of children as well as adults.
The report covers forecast and analysis for the dietary supplement market on a global and regional level. The study provides historic information of 2016 with a forecast from 2017 to 2022 based on revenue (USD Billion). The study covers the key drivers and restraints for the dietary supplement market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the dietary supplement market on a global level.
Browse through 29 Tables & 35 Figures spread over 110 Pages and in-depth TOC on “Dietary Supplements Market by Ingredients (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes) for Additional Supplements, Medicinal Supplements and Sports Nutrition Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”.
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In order to offer the users of this report a comprehensive read on the dietary supplement market, we have provided a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the dietary supplement market has additionally been enclosed within the study. The study encompasses a market attractiveness analysis, whereby application, ingredient, and region segments are benchmarked on the basis of their market size, rate, and general attractiveness.
The report also covers the market share of the key participant’s operative in the respective market across the globe. Additionally, the report covered the strategic development together with acquisitions & mergers, new resins launch, agreements, partnerships, collaborations, and joint ventures and resins & regional growth of major participants concerned within the market on the international and regional basis. Additionally, it covers the ingredient portfolio and patent analysis (2011-2016) divided into a patent trend, patent share by company and patent analysis in accordance with the region.
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With the presence of a large pool of participants, the global dietary supplements market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Bio-Botanica Inc., Bayer AG, BASF SE, Ricola AG, Herbalife Ltd, and Integrated BioPharma are some of the key vendors of dietary supplements across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the dietary supplements market study.
Also Read: Protein Supplements Market, 2017– 2024
Enhanced Awareness About Preventive Healthcare To Impel Business Space
“Rising consumer awareness about preventive healthcare and the rapidly rising geriatric populace is likely to contribute substantially towards the dietary supplements market revenue over the coming years,” says the author of this dietary supplements market study. Apart from this, the massive impact of mass media communications & advertisement witnessed in the pharmaceutical & retail sectors will generate lucrative demand for the industry. Furthermore, the introduction of a new dietary supplement product is predicted to open new growth dimensions for the dietary supplements market in the near future.
Negative publicity and false claims regarding product use have adversely impacted the credibility & reputation of the manufacturers, thereby hampering the popularity of dietary supplements.
This review is based on a report by Zion Market Research, titled “Dietary Supplements Market by Ingredients (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes) for Additional Supplements, Medicinal Supplements, and Sports Nutrition Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022."- Report at http://www.zionmarketresearch.com/report/dietary-supplements-market
Widespread Product Availability to Steer Asia Pacific’s Regional Dominance
Regionally, Asia Pacific has been leading the worldwide dietary supplements market and is anticipated to continue on the dominant position in the years to come, states the dietary supplements market study. Large-scale product availability and growing awareness among the customers about the benefits of its consumption is the main factor behind the dominance of the Asia Pacific dietary supplements market. For the record, APAC contributed over 31% of dietary supplements market share in terms of volume in 2016.
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The global dietary supplements market is segmented as follows:
By Ingredient
- Botanicals
- Vitamins
- Minerals
- Amino Acids
- Enzymes
By Application
- Additional Supplement
- Medicinal Supplement
- Sports Nutrition
By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
Research objectives:
- Analyzing the outlook of the Dietary Supplements Market with the recent trends and SWOT analysis.
- Market dynamics scenario, along with growth opportunities of the market in the years to come.
- Dietary Supplements Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Dietary Supplements Market.
- Dietary Supplements Market value (USD Million) and volume (Units Million) data for each segment and sub-segment.
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.
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