The global dietary supplements market revenue was valued at USD 86.77 billion in 2023 and is expected to grow from USD 93.46 billion in 2024 to USD 182.52 billion by 2032, registering a CAGR of 8.73% during the forecast period (2024-2032). In 2023, the Asia Pacific region dominated the market with a significant share of 41.97%.
Dietary supplements, comprising at least one dietary ingredient, are consumed orally to support overall health. The market's growth is largely attributed to the rising demand for sports and athletic performance-enhancing supplements. Additionally, a growing focus on meeting daily micronutrient requirements and increased consumer spending on health and wellness products are expected to drive further expansion of the dietary supplements industry.
Information Source: https://www.fortunebusinessinsights.com/dietary-supplements-market-102082
List of the Companies Operating in the Market:
SEGMENTATION
Vitamins Segment Held a Market Share of 37.14% in 2019 Owing to Increasing Consumption
The vitamins segment is poised for substantial growth, fueled by the increasing consumption of dietary supplements to address widespread vitamin deficiencies. In 2019, this segment accounted for 37.14% of the market share and is expected to maintain its dominance in the dietary supplements market. This growth trend is driven by rising consumer awareness of the critical role vitamins play in promoting overall health and wellness, further amplifying demand for vitamin-based supplements.
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