DUBLIN--(BUSINESS WIRE)--The "Dietary Supplements Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Vitamins, Minerals, Proteins and Amino Acids, Probiotics, Blends, and Others), Form (Tablets, Capsules and Softgels, Powders, and Others), and Distribution Channel and Geography" report has been added to ResearchAndMarkets.com's offering.
The dietary supplements market was valued at US$ 214,165.30 million in 2021 and is projected to reach US$ 319,085.34 million by 2028; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.
Dietary supplements contain dietary ingredients to improve their nutritional worth. Many people use these supplements to lead a healthy lifestyle. Dietary supplements consist of various nutrients, such as vitamins, minerals, proteins, amino acids, and probiotics. They are available in different forms, such as tablets, capsules and softgels, and powders.
Based on type, the dietary supplements market is segmented into vitamins, minerals, proteins and amino acids, probiotics, blends, and others. The vitamins segment accounted for the largest market share in 2020, whereas the probiotics segment is expected to register the highest CAGR in the market during the forecast period.
Probiotics are microorganisms, such as yeast and bacteria, which aid in maintaining gut microbial balance in humans and animals. Probiotics components boost the body's natural digestive juices and enzymes to promote optimal digestive system function. Probiotic dietary supplements have grown in popularity among consumers looking for natural remedies for various health problems such as intestinal diseases, stomachache, indigestion, and other digestive and gut health issues.
The development of innovative probiotic supplements, such as powders, capsules, gummies, and chewable products, is projected to drive market growth for this segment in the coming years. Furthermore, the unexpected impact of the COVID-19 pandemic has created a need for products that improve immunological health, which is anticipated to propel the demand for probiotic supplements in the future.
Anona GmbH; Abbott; Amway Corp.; Bayer AG; Arkopharma; Bionova; Pfizer Inc.; Otsuka Holdings Co., Ltd.; GlaxoSmithKline plc.; and The Bountiful Company are among the key players operating in the dietary supplements market.
Key Market Dynamics
Market Drivers
- Rising Popularity of Dietary Supplements
- Increasing Healthcare Expenditure
Market Restraints
- Availability Of Counterfeit Products
Market Opportunities
- Product Innovation
Future Trends
- Preference for Plant-Based Dietary Supplements
Company Profiles
- Anona GmbH
- Abbott
- Amway Corp.
- Bayer AG
- Arkopharma
- Bionova
- Pfizer Inc.
- Otsuka Holdings Co., Ltd.
- GlaxoSmithKline plc.
- The Bountiful Company
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