Dietary supplement is described as a broad and diverse category of products that a person consumes to support good health and supplement the diet. Dietary supplements are neither medicines, nor a substitute for food. However, some supplements are useful in reducing the risk of certain diseases and are authorized to make label claims about these uses. For example, folic acid supplements may make a claim about reducing the risk of birth defects of the brain and spinal cord. Dietary ingredients are broadly categorised into vitamin, mineral, herb or other botanical, amino acid and concentrate, metabolite, constituent, or extract.
On the basis of product, the market is segmented into vitamin supplement, mineral supplement, botanical supplement, fatty acid supplement and proteins & amino acids. Botanical or herbal dietary supplements are products made from plants, plant parts, or plant extracts. Ginkgo, green tea extract, garlic, and evening primrose oil are common examples of botanical dietary supplements. Botanical supplements registered the maximum market revenue of US$ 70.42 million in 2019. These supplements are available in numerous forms such as tablets, capsules, powders, liquids and other forms such as softgels among others.
Dietary supplements can be administered by pediatrics, adult women, adult men and baby boomers. They can be utilised in food & beverage, pharmaceutical industry and personal care. Based on functionality these supplements are broadly bifurcated into additional supplement, medicinal supplements and sports nutrition. Sports supplements are powders, pills or drinks used to build muscle, lose weight, or improve endurance. These supplements can be distributed by several channels such as convenience Stores, supermarket/hypermarket, drug store and others (online). Online channels are gaining more popularity these days due to the high penetration of smart phones whereas, drug stores are the major distributers of dietary supplement.
For better understanding of the market penetration of Dietary Supplement technology, the market is analyzed based on its worldwide presence in the countries such as North America (the U.S, Canada and rest of North America), Europe (Germany, the U.K., France, Italy, Poland and rest of Europe), Asia-Pacific (Japan, India, China and Rest of Asia-Pacific), and Rest of the world. Asia-Pacific constitutes a major consumer market for Dietary Supplement among them. China has been the prime driver of the APAC market due rising awareness and high prevalence of chronic disorders and diseases.
Some of the major players operating in the market include Amway, Abbott Laboratories, Pfizer, Arkopharma Laboratoires Pharmaceutiques, Ricola AG., Nu Skin Enterprises, Inc., Naturalife Asia Co., Ltd., Omega Protein Corporation., Archer Daniels Midland, The Nature's Bounty Co., Himalaya Global Holdings Ltd, GlaxoSmithKline, Herbalife International, Pharmavite LLC., Integrated BioPharma, Inc., Glanbia, Bayer, Bionova Lifesciences, Nutraceutics Corporation and Ekomir.
Global Dietary Supplement Market was valued at US$ 176.55 billion in 2019 and is anticipated to reach US$ 262.57 billion by 2026 displaying an elevated CAGR of 5.4% over the forecast period (2020-2026). Dietary supplements are substances a person uses to add nutrients to diet or to lower risk of health problems such as osteoporosis, arthritis or cancer. Dietary supplements come in several forms such as pills, capsules, powders, gel tabs, extracts, or liquids. They might contain vitamins, minerals, fiber, amino acids, herbs or other substances or enzymes. These substances can be extracted organically or non-organically. Sometimes, the ingredients in dietary supplements are added to foods, including drinks. Calcium, Vitamin D, Vitamin B12 and iron among others are the most common dietary supplements available in the market. These supplements are largely used by geriatrics as with age the number of calories needed by them begins to decline. Vitamin D deficiency is a major global public health issue. About 1 billion people worldwide are suffering from vitamin D deficiency, while 50% of the population has vitamin D insufficiency. The prevalence of patients with vitamin D deficiency is highest in the elderly, obese patients, nursing home residents, and hospitalized patients. Market growth of dietary supplements can be attributed to escalating demand from the geriatric population, rising disposable income, increasing awareness regarding the functional benefits of dietary supplements, improving health standards and increasing health expenditure paired with a rise in the overall number of fitness centers and gymnasiums. However, stringent Government Regulations and Negative Publicity and False Promises made by the market players are some of the restricting factors hampering the growth of the global Dietary Supplement market.
"Amongst product type, botanical supplements dominated the market in 2019, with 19.75% share"
Based on product type, the global dietary supplement market is fragmented into vitamin supplement, mineral supplement, botanical supplement, fatty acid supplement, proteins & amino acids and other supplements. The botanical Supplement segment occupied the maximum share in Global Dietary Supplement. Herbal or botanical supplements improve the immune system, anti-inflammatory power and can be used for depression treatment. Vitamin supplement is expected to generate revenue of US$ 73.22 billion by 2026.
"Dietary supplements are majorly available in the form of Capsule. The segment generated revenue of US$ 52.35 billion in 2019"
Based on form, the global dietary supplement market is segmented into tablets, capsules, powders, liquids and others. Capsules occupied the maximum share in the Global Dietary Supplement market. Capsules are easier to swallow and are used by manufacturers when the drug cannot be compacted into a solid tablet. A shell or container made of gelatin that contains the drug. Liquids form of dietary supplement is expected to witness the highest CAGR growth of 6.0% during the forecast period 2020-2026.
"Medicinal supplement is expected to dominate the Functionality segment during the analyzed period."
Based on Functionality, the global dietary supplement market is fragmented into the additional supplement, medicinal supplements and sports nutrition. In 2019, Medicinal supplements occupied the maximum share of 47.9%. Medicinal supplements such as folic acid, iron and calcium among others are prescribed by doctors during pregnancy or are useful in reducing the risk of certain diseases. However, the Sports nutrition segment is expected to witness the highest CAGR of 6.4% during the analyzed period.
"Dietary supplement is majorly applied in the pharmaceutical sector"
Based on the application area, the market is bifurcated into food & beverage, pharmaceutical and personal care. The pharmaceutical segment dominated the global dietary supplement market in 2019. The segment is expected to generate revenue of US$ 122.0 billion by 2026. Dietary supplements are recommended by health care provider if foods that provide important nutrients are lacking, or when a vitamin or mineral deficiency has been diagnosed.
"Amongst End-User, the Adult woman is anticipated to dominate the Global Dietary Supplement market by 2026."
Based on end-user, the market is bifurcated into pediatrics, adult women, adult men and baby boomers. Adult Women dominated the Dietary Supplement market and is expected to maintain its dominance during the forecast. During pregnancy, some mineral and vitamin need increases and women may need to take a prenatal vitamin. Baby Boomers segments are expected to increase their spending to US$ 48.33 billion on dietary supplements by 2026
"Drug Stores were the most preferred sale channel for Dietary supplements, with a 38.3% share in 2019"
Based on the distribution channel, the global dietary supplements market is segmented into convenience stores, supermarket/hypermarket, drug store and online. In 2019, drug stores dominated the market, however, Others (Online) sales channels are expected to witness the highest CAGR growth during the forecast period 2020-2026.
"North America represents one of the largest markets of the Global Dietary Supplement market."
For a deep-dive analysis of the industry, detailed country-level study is conducted for major regions/countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Poland, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific) and Rest of the World. Asia-Pacific is considered the largest market due to factors such as rising awareness and rising healthcare spending in countries such as China, India and the growing elderly population in Japan. Asia-Pacific is expected to generate revenue of US$ 131.39 billion by 2026.
Competitive Landscape-Top 20 Market Players
Amway, Abbott Laboratories, Pfizer, Arkopharma Laboratoires Pharmaceutiques, Ricola AG., Nu Skin Enterprises, Inc., Naturalife Asia Co., Ltd., Omega Protein Corporation., Archer Daniels Midland, The Nature's Bounty Co., Himalaya Global Holdings Ltd, GlaxoSmithKline, Herbalife International, Pharmavite LLC., Integrated BioPharma, Inc., Glanbia, Bayer, Bionova Lifesciences, Nutraceutics Corporation and Ekomir are some of the prominent players operating in the Global Dietary Supplement market industry. Several M&A's along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.
Reasons to buy:
? Current and future market size from 2018 to 2026 in terms of value (US$)
? Combined analysis of deep-dive secondary research and input from primary research through Key Opinion Leaders of the industry
? Country-level details of the overall adoption of Dietary Supplement market
? A quick review of overall industry performance at a glance
? In-depth analysis of key industry players
? A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
? Examination of industry attractiveness with the help of Porter's Five Forces analysis and start ups
? The study comprehensively covers the market across different segments and sub-segments of the technology
? Region/country Covered: North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Poland, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific) and Rest of the World
Customization Options:
UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Global Dietary Supplement Market can be customized to the country level or any other market segment.
Table of Contents
1. MARKET INTRODUCTION
1.1 Market Definition 23
1.2 Objective of the Study 23
1.3 Limitation 23
1.4 Stakeholders 24
1.5 Currency used in the Report 24
1.6 Scope of the Global Dietary Supplement Market Study 24
2. RESEARCH METHODOLOGY OR ASSUMPTION 25
2.1 Research Methodology for the Dietary Supplement Market Study 25
2.1.1 Main objective of the Dietary Supplement Market Study 26
3. INDUSTRY PERFORMANCE 27
4. EXECUTIVE SUMMARY 29
5. MARKET OVERVIEW 31
5.1 Introduction 31
5.2 Market Dynamics 32
5.2.1 Market Trend & Drivers 32
5.2.1.1 Escalating Demand of Dietary Supplements in Geriatric Population 32
5.2.1.2 Rising Disposable Income 32
5.2.1.3 Increasing Awareness Regarding the Functional Benefits of Dietary Supplements 33
5.2.1.4 Improving Health Standards and Increasing Health Expenditure 33
5.2.1.5 Rise in the Number of Fitness Centers and Gymnasiums 34
5.2.2 Market Challenges 34
5.2.2.1 Stringent Government Regulations 34
5.2.2.2 Negative Publicity and False Promises by the Players 34
5.2.3 Market Opportunities 35
5.2.3.1 Proliferating demand for personalized supplement solutions 35
5.2.3.2 Increasing Consciousness of People Regarding Health 35
6. LEGAL & REGULATORY FRAMEWORK 36
6.1 General Overview 36
6.1.1 United States 36
7. DEMAND AND SUPPLY SIDE ANALYSIS 37
7.1 Demand Side Analysis 37
7.2 Supply Side Analysis 37
7.2.1 Top Partnerships 38
7.2.2 Top Mergers & Acquisitions 38
7.2.3 Top Funding 38
7.2.4 Top Business Expansion 38
7.2.5 Top Product Launches 38
7.2.6 Top Start-ups under Dietary Supplement Industry 39
8. VALUE CHAIN ANALYSIS 40
8.1 Value Chain Analysis 40
9. EXPORT-IMPORT SCENARIO OF DIETARY SUPPLEMENTS 41
9.1 Export-Import Scenario of Dietary Supplements 41
10. MARKET INSIGHTS BY PRODUCT TYPE 42
10.1 General Overview 42
10.1.1 Vitamin Supplement 43
10.1.2 Mineral Supplement 44
10.1.3 Botanical Supplement 44
10.1.4 Fatty Acid Supplement 45
10.1.5 Proteins & Amino Acids 46
10.1.6 Others Supplement 47
11. MARKET INSIGHTS BY FORM 49
11.1 General Overview 49
11.1.1 Tablets 50
11.1.2 Capsules 51
11.1.3 Powder 51
11.1.4 Liquid 52
11.1.5 Other Form 53
12. MARKET INSIGHTS BY FUNCTIONALITY 55
12.1 General Overview 55
12.1.1 Additional supplement 56
12.1.2 Medicinal supplements 57
12.1.3 Sports nutrition 57
13. MARKET INSIGHTS BY APPLICATION 59
13.1 General Overview 59
13.1.1 Food & Beverage 60
13.1.2 Pharmaceutical 61
13.1.3 Personal Care 61
14. MARKET INSIGHTS BY END-USER 63
14.1 General Overview 63
14.1.1 Adult Women 64
14.1.2 Adult Men 65
14.1.3 Pediatrics 65
14.1.4 Baby Boomer 66
15. MARKET INSIGHTS BY DISTRIBUTION CHANNEL 68
15.1 General Overview 68
15.1.1 Convenience Stores 69
15.1.2 Supermarket/Hypermarket 70
15.1.3 Drug store 71
15.1.4 Others (Online) 72
16. MARKET INSIGHTS BY REGION 73
16.1 General Overview 73
16.2 North America Dietary Supplement Market 74
16.2.1 North America Dietary Supplement Market, by Product Type 74
16.2.2 North America Dietary Supplement Market, by Form 75
16.2.3 North America Dietary Supplement Market, by Functionality 75
16.2.4 North America Dietary Supplement Market, by Application 76
16.2.5 North America Dietary Supplement Market, by End-User 77
16.2.6 North America Dietary Supplement Market, by Distribution Channel 77
16.2.7 North America Dietary Supplement Market, by Country 78
16.2.7.1 US Dietary Supplement Market 78
16.2.7.1.1 US Dietary Supplement Market, by Product Type 79
16.2.7.1.2 US Dietary Supplement Market, by Form 80
16.2.7.1.3 US Dietary Supplement Market, by Functionality 80
16.2.7.1.4 US Dietary Supplement Market, by Application 81
16.2.7.1.5 US Dietary Supplement Market, by End-User 82
16.2.7.1.6 US Dietary Supplement Market, by Distribution Channel 82
16.2.7.2 Canada Dietary Supplement Market 83
16.2.7.2.1 Canada Dietary Supplement Market, by Product Type 83
16.2.7.2.2 Canada Dietary Supplement Market, by Form 84
16.2.7.2.3 Canada Dietary Supplement Market, by Functionality 84
16.2.7.2.4 Canada Dietary Supplement Market, by Application 85
16.2.7.2.5 Canada Dietary Supplement Market, by End-User 86
16.2.7.2.6 Canada Dietary Supplement Market, by Distribution Channel 86
16.2.7.3 Rest of North America Dietary Supplement Market 87
16.2.7.3.1 Rest of North America Dietary Supplement Market, by Product Type 87
16.2.7.3.2 Rest of North America Dietary Supplement Market, by Form 88
16.2.7.3.3 Rest of North America Dietary Supplement Market, by Functionality 88
16.2.7.3.4 Rest of North America Dietary Supplement Market, by Application 89
16.2.7.3.5 Rest of North America Dietary Supplement Market, by End-User 90
16.2.7.3.6 Rest of North America Dietary Supplement Market, by Distribution Channel 90
16.3 Europe Dietary Supplement Market 91
16.3.1 Europe Dietary Supplement Market, by Product Type 91
16.3.2 Europe Dietary Supplement Market, by Form 92
16.3.3 Europe Dietary Supplement Market, by Functionality 92
16.3.4 Europe Dietary Supplement Market, by Application 93
16.3.5 Europe Dietary Supplement Market, by End-User 94
16.3.6 Europe Dietary Supplement Market, by Distribution Channel 94
16.3.7 Europe Dietary Supplement Market, by Country 95
16.3.7.1 Germany Dietary Supplement Market 95
16.3.7.1.1 Germany Dietary Supplement Market, by Product Type 96
16.3.7.1.2 Germany Dietary Supplement Market, by Form 96
16.3.7.1.3 Germany Dietary Supplement Market, by Functionality 97
16.3.7.1.4 Germany Dietary Supplement Market, by Application 98
16.3.7.1.5 Germany Dietary Supplement Market, by End-User 98
16.3.7.1.6 Germany Dietary Supplement Market, by Distribution Channel 99
16.3.7.2 United Kingdom Dietary Supplement Market 99
16.3.7.2.1 United Kingdom Dietary Supplement Market, by Product Type 100
16.3.7.2.2 United Kingdom Dietary Supplement Market, by Form 100
16.3.7.2.3 United Kingdom Dietary Supplement Market, by Functionality 101
16.3.7.2.4 United Kingdom Dietary Supplement Market, by Application 102
16.3.7.2.5 United Kingdom Dietary Supplement Market, by End-User 102
16.3.7.2.6 United Kingdom Dietary Supplement Market, by Distribution Channel 103
16.3.7.3 Italy Dietary Supplement Market 103
16.3.7.3.1 Italy Dietary Supplement Market, by Product Type 104
16.3.7.3.2 Italy Dietary Supplement Market, by Functionality 105
16.3.7.3.3 Italy Dietary Supplement Market, by Application 106
16.3.7.3.4 Italy Dietary Supplement Market, by End-User 106
16.3.7.3.5 Italy Dietary Supplement Market, by Distribution Channel 107
16.3.7.4 France Dietary Supplement Market 107
16.3.7.4.1 France Dietary Supplement Market, by Product Type 108
16.3.7.4.2 France Dietary Supplement Market, by Form 108
16.3.7.4.3 France Dietary Supplement Market, by Functionality 109
16.3.7.4.4 France Dietary Supplement Market, by Application 110
16.3.7.4.5 France Dietary Supplement Market, by End-User 110
16.3.7.4.6 France Dietary Supplement Market, by Distribution Channel 111
16.3.7.5 Poland Dietary Supplement Market 111
16.3.7.5.1 Poland Dietary Supplement Market, by Product Type 112
16.3.7.5.2 Poland Dietary Supplement Market, by Form 112
16.3.7.5.3 Poland Dietary Supplement Market, by Functionality 113
16.3.7.5.4 Poland Dietary Supplement Market, by Application 114
16.3.7.5.5 Poland Dietary Supplement Market, by End-User 114
16.3.7.5.6 Poland Dietary Supplement Market, by Distribution Channel 115
16.3.7.6 Rest of the Europe Dietary Supplement Market 115
16.3.7.6.1 Rest of the Europe Dietary Supplement Market, by Product Type 116
16.3.7.6.2 Rest of the Europe Dietary Supplement Market, by Functionality 117
16.3.7.6.3 Rest of the Europe Dietary Supplement Market, by Application 118
16.3.7.6.4 Rest of the Europe Dietary Supplement Market, by End-User 118
16.3.7.6.5 Rest of the Europe Dietary Supplement Market, by Distribution Channel 119
16.4 Asia-Pacific Dietary Supplement Market 119
16.4.1 Asia-Pacific Dietary Supplement Market, by Product Type 119
16.4.2 Asia-Pacific Dietary Supplement Market, by Form 121
16.4.3 Asia-Pacific Dietary Supplement Market, by Functionality 121
16.4.4 Asia-Pacific Dietary Supplement Market, by Application 122
16.4.5 Asia-Pacific Dietary Supplement Market, by End-User 123
16.4.6 Asia-Pacific Dietary Supplement Market, by Distribution Channel 123
16.4.7 Asia-Pacific Dietary Supplement Market, by Country 124
16.4.7.1 China Dietary Supplement Market 124
16.4.7.1.1 China Dietary Supplement Market, by Product Type 125
16.4.7.1.2 China Dietary Supplement Market, by Form 125
16.4.7.1.3 China Dietary Supplement Market, by Functionality 126
16.4.7.1.4 China Dietary Supplement Market, by Application 127
16.4.7.1.5 China Dietary Supplement Market, by End-User 127
16.4.7.1.6 China Dietary Supplement Market, by Distribution Channel 128
16.4.7.2 India Dietary Supplement Market 128
16.4.7.2.1 India Dietary Supplement Market, by Product Type 129
16.4.7.2.2 India Dietary Supplement Market, by Form 129
16.4.7.2.3 India Dietary Supplement Market, by Functionality 130
16.4.7.2.4 India Dietary Supplement Market, by Application 131
16.4.7.2.5 India Dietary Supplement Market, by End-User 131
16.4.7.2.6 India Dietary Supplement Market, by Distribution Channel 132
16.4.7.3 Japan Dietary Supplement Market 132
16.4.7.3.1 Japan Dietary Supplement Market, by Product Type 133
16.4.7.3.2 Japan Dietary Supplement Market, by Functionality 134
16.4.7.3.3 Japan Dietary Supplement Market, by Application 135
16.4.7.3.4 Japan Dietary Supplement Market, by End-User 135
16.4.7.3.5 Japan Dietary Supplement Market, by Distribution Channel 136
16.4.7.4 Rest of the APAC Dietary Supplement Market 136
16.4.7.4.1 Rest of the APAC Dietary Supplement Market, by Product Type 137
16.4.7.4.2 Rest of the APAC Dietary Supplement Market, by Form 137
16.4.7.4.3 Rest of the APAC Dietary Supplement Market, by Functionality 138
16.4.7.4.4 Rest of the APAC Dietary Supplement Market, by Application 139
16.4.7.4.5 Rest of the APAC Dietary Supplement Market, by End-User 139
16.4.7.4.6 Rest of the APAC Dietary Supplement Market, by Distribution Channel 140
16.4.8 Rest of World Dietary Supplement Market 140
16.4.8.1 Rest of World Dietary Supplement Market, by Product Type 141
16.4.8.2 Rest of World Dietary Supplement Market, by Form 141
16.4.8.3 Rest of World Dietary Supplement Market, by Functionality 142
16.4.8.4 Rest of World Dietary Supplement Market, by Application 143
16.4.8.5 Rest of World Dietary Supplement Market, by End-User 143
16.4.8.6 Rest of World Dietary Supplement Market, by Distribution Channel 144
17. COMPETITIVE SCENARIO 145
17.1 Porter
Amway
Abbott Laboratories
Pfizer
Arkopharma Laboratoires Pharmaceutiques
Ricola AG
Nu Skin Enterprises
Inc.
Naturalife Asia Co.
Ltd.
Omega Protein Corporation
Archer Daniels Midland
The Nature's Bounty Co.
Himalaya Global Holdings Ltd
GlaxoSmithKline
Herbalife International
Pharmavite LLC.
Integrated BioPharma
Inc.
Glanbia
Bayer
Bionova Lifesciences
Nutraceutics Corporation
EkomirBaxter Healthcare