Global Dietary Supplement Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to - 2019-2026
Summary -
A new market
study, titled “Global Dietary Supplement Market - Upcoming Trends,
Growth Drivers and Challenges – Forecast to - 2019-2026 ” has been featured on WiseGuy Reports.
Dietary supplements are products intended to supplement the diet by
increasing total dietary intake, macro and micro nutrients. Individual
supplements are available in doses larger than a typical multivitamin. These
are used to treat iron deficiency or to reduce the risk of hypertension. Some
of the dietary supplements are aimed at lowering the risk of chronic diseases.
Others are meant to improve nutritional value in a daily diet. The consumption
of dietary supplements varies with the consumer age.
The global dietary supplement market was worth $XX billion in 2018 and is
forecasted to reach $XX billion by 2026, at a CAGR of XX% during the forecast
period.
Market Drivers:
Increase in consumer awareness regarding preventive healthcare (Calorie
reduction and weight loss), fluctuating diet patterns due to a hectic lifestyle
which is predominantly increasing obesity & stress. As a result, the
individuals among the socio-economic and upper-middle-class are focusing on
personal care through dietary supplement are driving the global dietary
supplement market during the forecast period.
In 2016, more than 1.9 billion adults, 18 years old were weight out of
which 650 million were obese.
Restriants:
Major factors hindering the global dietary supplement market are false
claims, and negative publicity regarding the product use has adversely affected
the credibility & reputation of manufacturers.
Market Segmentation
Global dietary supplement market is segmented by ingredient type, product
type, and end users. Ingredient type includes vitamin, mineral, herb, amino
acid, enzymes, and others, product type includes pills, capsules, powders, gel
tabs, extracts, liquids, and others and end users include pediatrics, adults,
pregnant women, and geriatrics.
Geriatric segment dominates the global dietary supplement market during
the forecast period due to Increase in geriatric population across the globe,
as they are prone to frequent health problems and extensive usage of dietary
supplements in the United States.
According to the study conducted by the Council for Responsible Nutrition
in 2018, approximately 78% of U.S adults aged 55+ took dietary supplements.
Global Dietary Supplement Market – Geographical Analysis
The global dietary supplement market is segmented into North America,
Europe, Asia Pacific, South America, and Middle East & Africa.
North America dominates the global dietary supplement market during the
forecast period due to an increase in lifestyle diseases and increases in
consumer preference regarding use of dietary supplements as they are willing to
adopt healthier dietary options along with an increase in a number of people
using non-prescription drugs for supplementing health.
According to the Center Of Disease Control in 2019, Arthritis affects
54.4 million adults in the United States, which is about 1 in 4 adults. It is
leading causing of work disability in the United States, which is mostly
occurred at the elder age group with lack of nutrition.
According to the study conducted by the Council for Responsible Nutrition
(CRN) in 2017, more than three-quarters of U.S. adults reported taking over the
counter drugs and most popular supplement were multivitamins and minerals. The
second most popular category was specialty supplement (38%), followed by
herbals/botanicals (29%), sports nutrition supplements (22%) and weight
management supplements (15%).
Global Dietary Supplement Market – Competitive Analysis
New Product launches in dietary supplement by key players are driving the
global dietary supplement market.
In November 2018, GUNA Nutraceuticals launched Integral Probiotics, a
dietary supplement to promote digestive health.
In November 2018, BioCell Collagen launched as a stand-alone ingredient
featured in a new dietary supplement from the esteemed finished product
manufacturer NOW.
In June 2016, Provexis launched the new FruitFlow+Omega-3 dietary
supplement and proven to contribute to healthy heart function.
Major market players in the dietary supplement market are Ekso Bionics,
Intuitive Surgical, Medtronic, Stryker, Smith & Nephew, Wright Medical
Group N., Zimmer Biomet, General Electric, Think Surgical Inc, Omni, and
Others.
Target Audience:
• Equipment Suppliers/ Buyers
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers
MORE DETAILS : https://www.wiseguyreports.com/reports/3792103-global-dietary-supplement-market-2019-2026
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