General Well-Being Dietary Supplements Market Segmented By Soft Gel/Pills, Powder, Liquid Form in Vitamins & Minerals, Amino Acids, Botanical Supplements Type
Industry: Food and Beverages
Published Date: January-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 176
Report ID: PMRREP20998
The market for general well-being dietary supplements can be expected to expand at a value based CAGR of 6.0% and show an increase in revenue from US$ 48,717.2 Mn to around US$ 80,114.2 Mn by 2033.
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General Well Being Dietary Supplements Market Size (2023E) |
US$ 48,717.2 Mn |
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Projected Sales of General Well Being Dietary Supplements (2033F) |
US$ 80,114.2 Mn |
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Value CAGR (2023-2033) |
5.1% |
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Value Share of Top 4 Countries (2022E) |
45.7% |
The global general well-being dietary supplements market has witnessed significant growth in the historical period registering a CAGR of 6.0% in the historical period and was valued at US$ 48,717.2 Mn in 2023. The market is expected to grow steadily with the increasing consumption and awareness about benefits related to general well-being dietary supplements.
As per the current trends, consumers are becoming more health conscious and are focusing on preventative healthcare that keeps them in a good shape. In addition, due to the growing prevalence of chronic diseases such as diabetes, high blood pressure, and obesity, consumers across the world are becoming wary and want to avoid such health complications by staying healthy. In order to stay fit and healthy, consumers are resorting to consuming various dietary supplements that help them maintain good health. Also, consumers are frequenting various gyms, diet centres and fitness centres that promote the consumption of such dietary supplements.
The global market for general well-being dietary supplements is estimated to reach an approximate valuation of US$ 80,114.2 Mn in the forecast period.
“Increasing focus on consumer preferences”
Dietary supplements are becoming increasingly popular in the global market. To cash in on this trend, various companies have introduced a variety of dietary supplements in the market and consumers have a wide choice in choosing the type of supplements they wish to consume. Also with rising disposable income and growing awareness about health, consumers are spending on such dietary supplements in order to keep themselves fit and healthy.
“Increased health consciousness”
With rise in health issues such as obesity, diabetes and blood pressure, consumers have become highly health conscious across the globe.
“Continuous introduction of new products”
Rising awareness and increasing disposable income has influenced the people to get inclined towards health products. Due to this companies have launched many supplement options to prevent diseases, treat deficiencies, or make people feel good about their health.
“Increasing preference for prevention rather than cure”
The preference of the consumers to intake dietary supplements is shifting from meeting nutritional deficiencies to prevent disease. Every healthy individual, especially baby boomers or adults, are consuming dietary supplements to prevent chronic conditions such as osteoporosis, cardiovascular disease, and other visual and memory loss when they become older. Moreover, consumers want to prevent getting colds or digestive ailments. Consequently, demand for dietary supplements to prevent diseases has shown the robust growth in the past ten years across the globe.
“Lack of awareness about consumption of the product”
Dietary supplement products, which enhance health, are typically advocated as alternatives to traditional medication. However, one of the major challenges is formulation of dietary supplements for specific purpose without having side effects. Also, consumers are seeking more variety in dietary supplement products, apart from traditional options such as tablets and capsules. Such challenges may effect market growth.
“Lack of awareness about consumption of the product”
Dietary supplement products, which enhance health, are typically advocated as alternatives to traditional medication. However, one of the major challenges is formulation of dietary supplements for specific purpose without having side effects. Also, consumers are seeking more variety in dietary supplement products, apart from traditional options such as tablets and capsules. Such challenges may effect market growth.
What is the projected growth for the North American countries general well-being dietary supplements market?
The U.S. general well-being dietary supplements market is expected to grow from US$ 13,040.0 Mn in 2023 to US$ 21,855.5 Mn in 2033. This represents a compound annual growth rate (CAGR) of 5.3% from 2023 to 2033.
Revenue from Canada general well-being dietary supplements market is anticipated to increase at a CAGR of 7.5% over 2023-2033, to reach US$ 5226.3 Mn by 2033.
What is the projected growth for the Chinese general well-being dietary supplements market?
China is likely to emerge as the largest market for general well-being dietary supplements during 2023-2033 in the East Asian Region. Chinese general well-being dietary supplements market is projected to grow from US$ 4,865.7 Mn in 2023 to US$ 10,311.7 Mn in 2033. This represents a compound annual growth rate (CAGR) of 7.8% from 2023 to 2033. Moreover, manufacturers are also focusing on the research and increasing their product portfolio with the launch of new products in the region. This is also resulting in the market growth in China.
Which Form of General Well Being Dietary Supplements Accounts for High Revenue Generation?
Soft Gell/Pills general well-being dietary supplements segment is expected to expand at 3.9% CAGR over the forecast period and to be valued at US$ 24,025.15 Mn by 2033 end. The segment is estimated to account for 36% revenue share of the form segment by 2023 end and is expected to create absolute $ opportunity of US$ 7,645.5 Mn between 2023 and 2033.
Which End User of General Well Being Dietary Supplements is seen more across the World?
Women general well-being dietary supplements segment is expected to expand at 4.6% CAGR over the forecast period and to be valued at US$ 38,767.6 Mn by 2033 end and the segment is estimated to account for 52.1% revenue share of the end-user segment by 2023 end. The women segment is expected to create absolute $ opportunity of US$ 14,081.6 Mn between 2023 and 2033.
The global general well-being dietary supplements market is primarily characterized by a large number of multinational players that occupy major share of the market. The presence of multinational players is responsible for high monetary investment into development of new technologies to improve efficiency of the production process and optimize supply chains with gradual rise in demand. Influx of capital into branding and promotion of their respective products helps attract new customers and consolidate the existing customer base.
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Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for general well-being dietary supplements has a value of US$ 48,717.2 Mn in 2022.
The global market for general well-being dietary supplements has a value CAGR of 5.0% from 2018-2022.
The global market for general well-being dietary supplements has a value of US$ 80,114.2 Mn in 2033.
The global market for general well-being dietary supplements has a value CAGR of 5.1% from 2023-2033.
The top players in the global general well-being dietary supplements market includes Koninklijke DSM N.V., Glanbia PLC, Bayer AG, DuPont de Nemours and Company.
