- Feb. 13, 2020
-- The Global Dietary Supplement Market
is projected to gain market revenue of US$ 262.57 billion by 2026, growing at a CAGR of 5.4% during the forecast period 2020-2026. The 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 categorized into vitamin, mineral, herb or other botanical, amino acid and concentrate, metabolite, constituent, or extract. The Di etary Supplement market is driven by numerous factors such as escalating demand of dietary supplements among 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 number of fitness centers and gymnasiums. Proliferating demand for personalized supplement solutions, increasing consciousness of people regarding health will further escalate the market growth. However, stringent government regulations, negative publicity and false promises by the players will hamper the market growth.For Regional/country-level analysis of the overall sales of dietary supplement products browse through
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. These supplements are available in numerous forms such as tablets, capsules, powders, liquids and other forms such as softgels among others. 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. Further, Dietary supplements can be administered by pediatrics, adult women, adult men and baby boomers. They are also recommended for pregnant women and some of the major supplements that are deployed by them include folic acid, Calcium and iron among others.