Health Supplements Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Health supplements are used to enhance health. They contain various ingredients such as minerals, vitamins, essential fatty acids, proteins, enzymes, herbal extracts, and a variety of other ingredients. They help reduce the risk of disease and boost various bodily functions such as enhancing digestive and cardiovascular health, improving immune system function, and many more. They can be found in the form of capsules, tablets, soft gels, liquids, or powders and provide the body with additional nutritional value.

MARKET SCOPE

The "Global Health Supplements Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the health supplements market with detailed market segmentation by type, ingredients, application, end user, and geography. The report provides key statistics on the market status of the leading health supplements market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• - Based on type, the global health supplements market is segmented into dietary supplement, body building supplements, eye health supplements, specialty supplements and others.

• - On the basis of ingredients, the market is bifurcated into vitamins & minerals, amino acids, botanicals, enzymes and others.

• - Based on application, the market is segmented into cardiology, rheumatic disorders, allergy and others.

• - On the basis of end-users, the market is bifurcated into hospitals, clinics, research centers and other.

MARKET DYNAMICS

Drivers:

• - Increasing incidence of obesity, cardiovascular disease, diabetes, and other associated illnesses among the worldwide population, increasing urbanization, and changing lifestyles drive the health supplements market growth.

• - Growing awareness about enhancing one's health and increasing health consciousness among customers boost the market growth.

• - Increasing trends to embrace a healthy lifestyle fuel the market growth.

• - Rising research and development activities and increasing funding propel market growth.

Restraints:

• - Strict government regulations and guidelines.

• - The extensive flow of unapproved supplement products.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The health supplements market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the health supplements market in these regions.

IMPACT OF COVID-19 ON HEALTH SUPPLEMENTS MARKET

COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The containment measures introduced by governments worldwide and disruptions in the supply chain networks had affected the pharmaceutical sector to a great extent. However, the global consumer demand for health supplements has seen a surge due to the COVID-19 pandemic as customers looked forward to support their immune health, boost overall wellness and reduce anxiety during the COVID-19 pandemic. The increased demand is due to growing public awareness of health and well-being. They are constantly eating immune boosters containing omega-3 fatty acids, minerals, vitamins, herbal extracts to avoid any form of infectious sickness. Therefore, the market witnessed growth, and the demand is estimated to grow at a steady pace during the forecast period.

MARKET PLAYERS

The report covers key developments in the health supplements market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from health supplements market are anticipated to have lucrative growth opportunities in the future with the rising demand for health supplements in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the health supplements market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• - BASF SE

• - Herblife International

• - Abbott Laboratories

• - E.I. du Pont de Nemours and Company

• - Amway Corporation

• - Omega Protein Corporation

• - The Nature's Bounty Co.

• - Bayer AG

• - Naturalife Asia Co Ltd

• - Glanbia plc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Health Supplements Report Scope