Nutritional Supplements Market to Grow with a CAGR of 5.86% through 2029

Growing focus on preventive healthcare is expected to drive the Global Nutritional Supplements Market growth in the forecast period, 2025-2029. 

According to TechSci Research report, “Nutritional Supplements Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Nutritional Supplements Market stood at USD 374.52 Billion in 2023 and is anticipated to grow with a CAGR of 5.86% through 2029. In recent years, the global market for nutritional supplements has undergone remarkable expansion, driven by a growing consumer inclination towards using dietary supplements to enhance health and overall well-being. A key catalyst for this growth is the increasing awareness among consumers regarding the significance of maintaining a healthy lifestyle. People are becoming more mindful of their dietary choices and acknowledging the pivotal role of nutrition in preventing and managing health concerns. Consequently, there's a rising inclination towards nutritional supplements as individuals strive to address nutritional gaps, fortify immunity, and support overall health.

The global demographic landscape is witnessing a notable surge in the elderly population, prompting a shift in nutritional requirements. As individuals age, their dietary needs evolve, often necessitating additional vitamins and minerals to sustain health and vitality. This demographic shift has spurred an augmented demand for nutritional supplements tailored to meet the specific needs of older adults, encompassing areas like bone health, cardiovascular support, and cognitive function.

Many consumers today are adopting a proactive approach to health, actively seeking strategies to prevent chronic ailments and uphold well-being. Nutritional supplements are increasingly perceived as a convenient and efficacious means to bridge dietary deficiencies and aid in disease prevention, thereby propelling market expansion. Furthermore, the nutritional supplements market has evolved towards greater customer-centricity, with brands offering personalized solutions to address individual health objectives. This trend entails the provision of customized supplements targeting specific concerns such as weight management, skin health, and digestive wellness, resonating with consumers seeking products aligned with their unique health goals.

Continuous innovation in product formulations characterizes the nutritional supplements market. Manufacturers are consistently developing more convenient, effective, and palatable delivery methods, including gummies, chewable tablets, and liquid concentrates. These advancements not only enhance the accessibility of supplements but also broaden the consumer base by attracting individuals who may have reservations about traditional pill formats.

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The Global Nutritional Supplements Market is segmented into product, formulation, distribution channel, regional distribution, and company.

Based on Formulation, Powder have emerged as the fastest growing segment in the Global Nutritional Supplements Market in 2023. Powdered supplements offer both convenience and versatility, allowing consumers to effortlessly blend them into beverages or foods of their choosing, such as smoothies, shakes, or yogurt. This aspect of convenience is particularly appealing to individuals leading busy lifestyles, seeking effective methods to seamlessly integrate supplements into their daily regimens. Moreover, powdered supplements often possess extended shelf lives in comparison to their liquid or perishable counterparts, presenting an enticing choice for consumers mindful of product durability and storage concerns. Additionally, powdered supplements afford users flexibility in dosage customization, empowering them to tailor serving sizes based on their specific nutritional requirements or preferences. This adaptability facilitates enhanced control over intake, accommodating diverse dietary needs and health objectives. Furthermore, powdered supplements are deemed cost-effective, commonly available in larger quantities or bulk packaging, thus providing consumers with a cost-efficient alternative compared to single-serving options.

Based on Region, North America have emerged as the fastest growing region in the Global Nutritional Supplements Market in 2023. In the North American region, there's a noticeable surge in health consciousness among consumers, driven by mounting concerns about lifestyle-related health issues, prompting an increased uptake of nutritional supplements to bolster overall well-being and address specific health needs. Additionally, the aging population in North America is fueling demand for tailored supplements, as individuals seek additional nutrients to maintain vitality. Moreover, North America benefits from a robust healthcare infrastructure and stringent regulatory standards governing the dietary supplement industry, fostering consumer confidence in the safety and efficacy of these products and subsequently driving consumption. Furthermore, the highly competitive market landscape in the region sees constant innovation in product formulations and marketing strategies, with manufacturers continuously introducing new offerings to align with evolving consumer preferences, thereby further propelling market growth.

Major companies operating in Global Nutritional Supplements Market are:

• Glanbia PLC
• Abbott Laboratories Inc.
• Nestlé S.A. 
• Herbalife International of America, Inc. 
• Amway Corp.
• PepsiCo India Holdings Pvt Ltd
• Mondelez Global Direct Inc. 
• Science in Sport plc
• THG PLC 
• Nutrivend Ltd

 

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“The Global Nutritional Supplements Market is positioned for substantial growth in the foreseeable future, driven by several anticipated factors. These include a rising awareness of health among consumers, an expanding aging population, and a shift towards preventive healthcare practices. Consumers are increasingly turning to nutritional supplements to target specific health needs and to promote overall wellness. Furthermore, the emergence of personalized nutrition trends and the growing popularity of plant-based supplements are poised to further fuel market expansion. With enhanced access to health-related information and the proliferation of e-commerce platforms, consumers now have greater opportunities to explore and purchase a diverse range of supplements. Additionally, regulatory support and ongoing product innovation efforts are also playing pivotal roles in driving the market's growth trajectory”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Nutritional Supplements Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Sports Nutrition, Fat Burners, Dietary Supplements, Functional Foods and Beverages), By Formulation (Tablets, Capsules, Powder, Soft gels, Liquid, Others), By Distribution Channel (Online Pharmacies, Retail Pharmacies, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Nutritional Supplements Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Nutritional Supplements Market.

 

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