North America Dietary Supplements Market to Cross $38 Billion by 2022
Increasing demand for non-prescription drugs,
rising health concerns and growing purchasing power to drive North America
dietary supplements market through 2022
According to TechSci Research report, “North
America Dietary Supplements Market By Product Type, By End User, By Point of Sale, Competition Forecast
& Opportunities, 2012-2022”, the region’s dietary supplements market is forecast to surpass
$ 38 billion by 2022, on the back of increasing awareness among consumers
regarding lifestyle diseases, their willingness to adopt healthier dietary
options along with increasing number of people using non-prescription drugs for
supplementing health. Hectic lifestyle has increased the stress levels among
individuals, which is a major factor for rising lifestyle diseases such as
obesity, blood pressure and diabetes, in North America. Dietary supplements
consist of a variety of products such as vitamins & minerals, proteins,
herbal supplements, pro-biotic supplements etc., which can be chosen by consumers
depending on their preference or requirements.
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America Dietary Supplements Market"
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In 2016, United States was the
largest demand generator for dietary supplements, with a value share of over 90%
in North America dietary supplements market. The country is expected to continue
its dominance during the forecast period as well. Vitamins & minerals based
dietary supplements dominate North America dietary supplements market on
account of their diverse applications such as nutritional supplements for
patients suffering from heart diseases, bone problems; for infants and child
nutrition; for sports nutrition; etc. However, increasing availability of
counterfeit products in the market has compelled the consumers to switch to
other products such as herbal dietary supplements, which are witnessing comparatively
higher demand, especially from the aged population.
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“Increasing health problems
due to changing lifestyle, along with lack of balanced dietary intake is
resulting in adoption of dietary supplements by consumers. Further, companies are also investing in devising marketing
strategies to promote their products along with introducing products with new
innovations such as personalized nutrition, vegan dietary supplements, etc. Rising
concern for counterfeiters has compelled the manufacturers to collaborate with
regulating authorities to design and implement strict regulations and policies
to keep the supply chain in check and free of counterfeit products. All of these
positive developments are expected to drive the market for dietary supplements
in North America over the course of next five years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“North
America Dietary Supplements Market By Product Type, By End User, By Point of
Sale, Competition Forecast & Opportunities, 2012-2022” has evaluated the future growth potential of dietary
supplements market and provides statistics and information on market structure,
size, share and future growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the North America dietary
supplements market.
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