The global dietary supplements market 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, reflecting a robust CAGR of 8.73% over the forecast period (2024–2032).
Asia Pacific dominated the market in 2023, accounting for a significant share of 41.97%, underscoring its role as a key growth region for dietary supplements.
Dietary supplements comprise products with one or more dietary ingredients designed for oral consumption. Market expansion is primarily driven by the rising popularity of supplements that enhance sports and athletic performance. Additionally, increasing consumer focus on fulfilling daily micronutrient requirements and growing expenditures on health and wellness products are expected to further accelerate market growth.
Information Source: https://www.fortunebusinessinsights.com/dietary-supplements-market-102082
List of the Companies Operating in the Market:
SEGMENTATION:
Vitamins Segment Leads Market with a 37.14% Share in 2019, Driven by Increasing Demand
The vitamins segment maintained its leadership in the market in 2019, capturing 37.14% of the share, and is anticipated to sustain its dominance. This growth is fueled by the rising consumption of dietary supplements addressing widespread vitamin deficiencies. Increased awareness of the critical role vitamins play in promoting overall health and wellness continues to boost demand for these supplements.