Report ID : AMR1004210 | Industries : Healthcare | Published On :December 2023 | Page Count : 231
Global Vitamin Supplements Market Size, Trends, and Growth Opportunity, By Type (Multivitamin, Vitamin A to K), By Form (Powder, Tablets, Capsules), By Distribution Channel (Offline, Online), By Region and Forecast Till 2030.
Global Vitamin Supplements Market
Global Vitamin Supplements Market was valued at USD 52 billion in 2022 and is slated to reach USD 81 billion by 2030 at a CAGR of 6.7% from 2023-2030.
The production, sale, and consumption of dietary supplements intended to give people access to vital vitamins, minerals, and nutrients are all included in the global market for vitamin supplements. The purpose of these supplements is to fill in any nutritional deficiencies in people's diets and to promote general health and wellbeing. The aging population, changing dietary habits, and increased understanding of the significance of maintaining a balanced nutrient intake in promoting good health are some of the reasons that have an impact on the market.
Market Drivers
The market for vitamin supplements is primarily driven by a number of important variables. The first factor driving consumer demand for dietary supplements is rising health consciousness and awareness of nutritional inadequacies. The demand for vitamins is also increased by the aging population and the desire for preventative healthcare. Additionally, as consumers look to supplements to fill nutritional gaps, expanding fitness trends and vegetarian/vegan diets support market expansion.
Market Restraints
Several barriers are preventing the global market for vitamin supplements. Consumer concerns about product quality and safety, including problems with accurate ingredient labeling and contamination, present difficulties. The manufacturing and marketing of products are also impacted by regulatory changes and strict standards. The market is also impacted by misperceptions and doubts about the effectiveness of supplements.
Impact of COVID-19
The COVID-19 pandemic had both positive and negative impacts on the global vitamin supplements market. Increased health awareness boosted demand for immunity-boosting supplements. However, supply chain disruptions, logistical challenges, and financial constraints hindered production and distribution. Online sales surged, reflecting changing consumer purchasing patterns.
Recent Development
In February 2023, Bayer AG unveiled its plan to broaden the scope of the "Nutrient Gap Initiative" with the goal of enhancing nutrition accessibility. The initiative is focused on extending the reach of crucial vitamins and minerals to 50 million individuals in marginalized communities by 2030. The primary emphasis of the program is on the importance of nutritional supplementation as a key strategy to combat malnutrition within these populations.
Market Segmentation
Global Vitamin Supplements Market is segmented into type, form and distribution channel. By type such as multivitamin, vitamin A to K. By form such as powder, tablets, capsules. By distribution channel such as offline, online.
Regional Analysis
Global Vitamin Supplements Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. The increase in obesity and lifestyle-related diseases in North America has driven a growing interest in functional foods and supplements. These products offer a range of health benefits beyond basic nutrition. Incorporating items like fortified, enriched, and enhanced foods, as well as nutritional supplements, into a diverse diet can have positive health impacts. Multivitamins have gained prominence in the North American market due to heightened awareness of their contributions to overall health and well-being.
Key Players
This report includes a list of numerous Key Players, Glanbia plc, Pfizer Inc., Bayer AG, Amway Corp., GlaxoSmithKline plc., Good Health New Zealand, The Nature's Bounty Co., NOW Foods, Abbott, and Herbalife Nutrition.
Market Taxonomy
By Type
• Multivitamin
• Vitamin A to K
By Form
• Powder
• Tablets
• Capsules
By Distribution Channel
• Offline
• Online
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
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Global Vitamin Supplements Market
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Market Scope
2. Research Methodology
2.1. Data Mining
2.2. Validation
2.3. Primary Interviews
2.4. List of Data Sources
3. Executive Summary
4. Global Vitamin Supplements Market Outlook
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Cumulative Impact due to recent Energy Crisis
4.2.5. Cumulative Impact due to Nearing Economic Downturn
4.2.6. Post Covid-19 World Supply and Demand Conditions
4.2.7. Cumulative Impact of Russia-Ukraine Conflict
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. Global Vitamin Supplements Market, By Type
5.1. Y-o-Y Growth Comparison, By Type
5.2. Global Vitamin Supplements Market Share Analysis, By Type
5.3. Global Vitamin Supplements Market Size and Forecast, By Type
5.3.1. Multivitamin
5.3.2. Vitamin A to K
6. Global Vitamin Supplements Market, By Form
6.1. Y-o-Y Growth Comparison, By Form
6.2. Global Vitamin Supplements Market Share Analysis, By Form
6.3. Global Vitamin Supplements Market Size and Forecast, By Form
6.3.1. Powder
6.3.2. Tablets
6.3.3. Capsules
7. Global Vitamin Supplements Market, By Distribution Channel
7.1. Y-o-Y Growth Comparison, By Distribution Channel
7.2. Global Vitamin Supplements Market Share Analysis, By Distribution Channel
7.3. Global Vitamin Supplements Market Size and Forecast, By Distribution Channel
7.3.1. Offline
7.3.2. Online
8. Global Vitamin Supplements Market, By Region
8.1. Global Vitamin Supplements Market Share Analysis, By Region
8.2. Global Vitamin Supplements Market Share Analysis, By Region
8.3. Global Vitamin Supplements Market Size and Forecast, By Region
9. North America Vitamin Supplements Market Analysis and Forecast (2023-2030)
9.1. Introduction
9.2. North America Vitamin Supplements Market Share Analysis, By Type
9.3. North America Vitamin Supplements Market Share Analysis, By Form
9.4. North America Vitamin Supplements Market Share Analysis, By Distribution Channel
9.5. North America Vitamin Supplements Market Size and Forecast, By Country
9.5.1. U.S.
9.5.1.1. Market Size and Forecast, By Type
9.5.1.2. Market Size and Forecast, By Form
9.5.1.3. Market Size and Forecast, By Distribution Channel
9.5.2. Canada
9.5.2.1. Market Size and Forecast, By Type
9.5.2.2. Market Size and Forecast, By Form
9.5.2.3. Market Size and Forecast, By Distribution Channel
9.5.3. Mexico
9.5.3.1. Market Size and Forecast, By Type
9.5.3.2. Market Size and Forecast, By Form
9.5.3.3. Market Size and Forecast, By Distribution Channel
10. Europe Vitamin Supplements Market Analysis and Forecast (2023-2030)
10.1. Introduction
10.2. Europe Vitamin Supplements Market Share Analysis, By Type
10.3. Europe Vitamin Supplements Market Share Analysis, By Form
10.4. Europe Vitamin Supplements Market Share Analysis, By Distribution Channel
10.5. Europe Vitamin Supplements Market Size and Forecast, By Country
10.5.1. Germany
10.5.1.1. Market Size and Forecast, By Type
10.5.1.2. Market Size and Forecast, By Form
10.5.1.3. Market Size and Forecast, By Distribution Channel
10.5.2. France
10.5.2.1. Market Size and Forecast, By Type
10.5.2.2. Market Size and Forecast, By Form
10.5.2.3. Market Size and Forecast, By Distribution Channel
10.5.3. UK
10.5.3.1. Market Size and Forecast, By Type
10.5.3.2. Market Size and Forecast, By Form
10.5.3.3. Market Size and Forecast, By Distribution Channel
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Type
10.5.4.2. Market Size and Forecast, By Form
10.5.4.3. Market Size and Forecast, By Distribution Channel
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Type
10.5.5.2. Market Size and Forecast, By Form
10.5.5.3. Market Size and Forecast, By Distribution Channel
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Type
10.5.6.2. Market Size and Forecast, By Form
10.5.6.3. Market Size and Forecast, By Distribution Channel
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Type
10.5.7.2. Market Size and Forecast, By Form
10.5.7.3. Market Size and Forecast, By Distribution Channel
11. Asia Pacific Vitamin Supplements Market Analysis and Forecast (2023-2030)
11.1. Introduction
11.2. Asia Pacific Vitamin Supplements Market Share Analysis, By Type
11.3. Asia Pacific Vitamin Supplements Market Share Analysis, By Form
11.4. Asia Pacific Vitamin Supplements Market Share Analysis, By Distribution Channel
11.5. Asia Pacific Vitamin Supplements Market Size and Forecast, By Country
11.5.1. China
11.5.1.1. Market Size and Forecast, By Type
11.5.1.2. Market Size and Forecast, By Form
11.5.1.3. Market Size and Forecast, By Distribution Channel
11.5.2. Japan
11.5.2.1. Market Size and Forecast, By Type
11.5.2.2. Market Size and Forecast, By Form
11.5.2.3. Market Size and Forecast, By Distribution Channel
11.5.3. India
11.5.3.1. Market Size and Forecast, By Type
11.5.3.2. Market Size and Forecast, By Form
11.5.3.3. Market Size and Forecast, By Distribution Channel
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Type
11.5.4.2. Market Size and Forecast, By Form
11.5.4.3. Market Size and Forecast, By Distribution Channel
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Type
11.5.5.2. Market Size and Forecast, By Form
11.5.5.3. Market Size and Forecast, By Distribution Channel
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Type
11.5.6.2. Market Size and Forecast, By Form
11.5.6.3. Market Size and Forecast, By Distribution Channel
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Type
11.5.7.2. Market Size and Forecast, By Form
11.5.7.3. Market Size and Forecast, By Distribution Channel
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Type
11.5.8.2. Market Size and Forecast, By Form
11.5.8.3. Market Size and Forecast, By Distribution Channel
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Type
11.5.9.2. Market Size and Forecast, By Form
11.5.9.3. Market Size and Forecast, By Distribution Channel
12. Latin America Vitamin Supplements Market Analysis and Forecast (2023-2030)
12.1. Introduction
12.2. Latin America Vitamin Supplements Market Share Analysis, By Type
12.3. Latin America Vitamin Supplements Market Share Analysis, By Form
12.4. Latin America Vitamin Supplements Market Share Analysis, By Distribution Channel
12.5. Latin America Vitamin Supplements Market Size and Forecast, Country
12.5.1. Brazil
12.5.1.1. Market Size and Forecast, By Type
12.5.1.2. Market Size and Forecast, By Form
12.5.1.3. Market Size and Forecast, By Distribution Channel
12.5.2. Argentina
12.5.2.1. Market Size and Forecast, By Type
12.5.2.2. Market Size and Forecast, By Form
12.5.2.3. Market Size and Forecast, By Distribution Channel
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Type
12.5.3.2. Market Size and Forecast, By Form
12.5.3.3. Market Size and Forecast, By Distribution Channel
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Type
12.5.4.2. Market Size and Forecast, By Form
12.5.4.3. Market Size and Forecast, By Distribution Channel
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Type
12.5.5.2. Market Size and Forecast, By Form
12.5.5.3. Market Size and Forecast, By Distribution Channel
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Type
12.5.6.2. Market Size and Forecast, By Form
12.5.6.3. Market Size and Forecast, By Distribution Channel
12.5.7. Rest of Latin America
12.5.7.1. Market Size and Forecast, By Type
12.5.7.2. Market Size and Forecast, By Form
12.5.7.3. Market Size and Forecast, By Distribution Channel
13. Middle East Vitamin Supplements Market Analysis and Forecast (2023-2030)
13.1. Introduction
13.2. Middle East Vitamin Supplements Market Share Analysis, By Type
13.3. Middle East Vitamin Supplements Market Size and Forecast, By Form
13.4. Middle East Vitamin Supplements Market Size and Forecast, By Distribution Channel
13.5. Middle East Vitamin Supplements Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Type
13.5.1.2. Market Size and Forecast, By Form
13.5.1.3. Market Size and Forecast, By Distribution Channel
13.5.2. UAE
13.5.2.1. Market Size and Forecast, By Type
13.5.2.2. Market Size and Forecast, By Form
13.5.2.3. Market Size and Forecast, By Distribution Channel
13.5.3. Egypt
13.5.3.1. Market Size and Forecast, By Type
13.5.3.2. Market Size and Forecast, By Form
13.5.3.3. Market Size and Forecast, By Distribution Channel
13.5.4. Kuwait
13.5.4.1. Market Size and Forecast, By Type
13.5.4.2. Market Size and Forecast, By Form
13.5.4.3. Market Size and Forecast, By Distribution Channel
13.5.5. South Africa
13.5.5.1. Market Size and Forecast, By Type
13.5.5.2. Market Size and Forecast, By Form
13.5.5.3. Market Size and Forecast, By Distribution Channel
13.5.6. Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Type
13.5.6.2. Market Size and Forecast, By Form
13.5.6.3. Market Size and Forecast, By Distribution Channel
14. Competitive Analysis
14.1. Competition Dashboard
14.2. Market share Analysis of Top Vendors
14.3. Key Development Strategies
15. Company Profiles
15.1. Glanbia plc
15.1.1. Offerings
15.1.2. Key Financials
15.1.3. Business Segment & Geographic Overview
15.1.4. Key Market Developments
15.1.5. Key Strategies
15.2. Pfizer Inc.
15.2.1. Overview
15.2.2. Offerings
15.2.3. Key Financials
15.2.4. Business Segment & Geographic Overview
15.2.5. Key Market Developments
15.2.6. Key Strategies
15.3. Bayer AG
15.3.1. Overview
15.3.2. Offerings
15.3.3. Key Financials
15.3.4. Business Segment & Geographic Overview
15.3.5. Key Market Developments
15.3.6. Key Strategies
15.4. Amway Corp.
15.4.1. Overview
15.4.2. Offerings
15.4.3. Key Financials
15.4.4. Business Segment & Geographic Overview
15.4.5. Key Market Developments
15.4.6. Key Strategies
15.5. GlaxoSmithKline plc
15.5.1. Overview
15.5.2. Offerings
15.5.3. Key Financials
15.5.4. Business Segment & Geographic Overview
15.5.5. Key Market Developments
15.5.6. Key Strategies
15.6. Good Health New Zealand
15.6.1. Overview
15.6.2. Offerings
15.6.3. Key Financials
15.6.4. Business Segment & Geographic Overview
15.6.5. Key Market Developments
15.6.6. Key Strategies
15.7. The Nature's Bounty Co.
15.7.1. Overview
15.7.2. Offerings
15.7.3. Key Financials
15.7.4. Business Segment & Geographic Overview
15.7.5. Key Market Developments
15.7.6. Key Strategies
15.8. NOW Foods
15.8.1. Overview
15.8.2. Offerings
15.8.3. Key Financials
15.8.4. Business Segment & Geographic Overview
15.8.5. Key Market Developments
15.8.6. Key Strategies
15.9. Abbott
15.9.1. Overview
15.9.2. Offerings
15.9.3. Key Financials
15.9.4. Business Segment & Geographic Overview
15.9.5. Key Market Developments
15.9.6. Key Strategies
15.10. Herbalife Nutrition
15.10.1. Overview
15.10.2. Offerings
15.10.3. Key Financials
15.10.4. Business Segment & Geographic Overview
15.10.5. Key Market Developments
15.10.6. Key Strategies
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