The global dietary supplements market size is projected to grow at a CAGR of 7.3% to reach USD 220.8 billion by 2027. It is estimated at USD 155.2 billion in 2022. The Asia-Pacific region is expected to be the fastest-growing market, driven by an increasing population, rising income levels, and a growing awareness of the benefits of dietary supplements.
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The dietary supplements market refers to the sales of various types of dietary supplements such as vitamins, minerals, amino acids, herbal supplements, and others. These supplements are intended to provide additional nutrients to the body that may not be obtained through regular diet or to support specific health conditions.
The dietary supplements market is a global industry and is expected to continue growing in the forecast period. Factors such as increasing health consciousness among consumers, growing elderly population, and rising incidence of chronic diseases are driving the market growth. Additionally, the growing use of dietary supplements as a preventive measure is expected to further boost the market. The market is segmented into various types of dietary supplements such as vitamins, minerals, amino acids, herbal supplements, and others. Among these, the vitamins segment holds the largest market share due to the high demand for vitamin supplements to prevent deficiencies and support overall health. The dietary supplements market is also segmented by distribution channels such as online sales, pharmacy, supermarkets, and others. The online sales segment is expected to grow at the highest CAGR during the forecast period due to the convenience and easy accessibility of supplements through e-commerce platforms.
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Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the market due to the high awareness of dietary supplements in the region. Overall, the dietary supplements market is expected to continue growing in the forecast period, driven by increasing health consciousness among consumers and the growing elderly population.
Some of the major players in the dietary supplements market include Amway, Herbalife, ADM, Nestle, Bayer AG, American Health
