The global dietary supplements market was valued at USD 86.77 billion in 2023 and is projected to grow from USD 93.46 billion in 2024 to USD 182.52 billion by 2032, with a CAGR of 8.73% during the forecast period (2024-2032). Asia Pacific led the dietary supplements market, holding a market share of 41.97% in 2023.
Dietary supplements are products containing one or more dietary ingredients intended for oral consumption. The market's growth is driven by the increasing popularity of sports and athletic performance enhancement supplements. Additionally, the rising consumer demand for addressing daily micronutrient needs and growing consumer spending on health and wellness products are expected to further propel the growth of the dietary supplements market.
Information Source: https://www.fortunebusinessinsights.com/dietary-supplements-market-102082
List of the Companies Operating in the Market:
SEGMENTATION
Vitamins Segment Dominated the Market with 37.14% Share in 2019 Due to Growing Consumption
The vitamins segment is expected to continue its robust growth, driven by the rising consumption of dietary supplements to address prevalent vitamin deficiencies. In 2019, this segment accounted for 37.14% of the market share and is projected to retain its dominance in the dietary supplements market. The increasing consumer awareness regarding the essential role of vitamins in maintaining overall health and wellness further amplifies the demand for vitamin-based supplements.
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