In earlier days, vitamin and nutrition supplements were only consumed by the athletes and bodybuilders. Due to the increasing concern of people regarding the essentiality of health and fitness to cope up with the trendy lifestyle are incrementing the necessity and demand for vitamins and nutrition supplements. Modern dietary supplements consist of amino acids, enzymes, vitamins, minerals, herbals, and botanical products. Additionally, it comprises of some other substances such as polyphenols, plant pigments with a useful biological effect. According to an American Medical Association, there are 90,000 variety of supplements which are derived from natural sources. Collagen supplements are more helpful in maintaining the bone health and skin structure of an individual.
As per the findings of a newly published market research report by IndustryARC, the global vitamins and nutrition supplements market size was around $52 billion – $56 billion in 2018. And, its value is projected to grow at a CAGR of around 5.2%-5.6% during the forecast period of 2019 to 2025. The report is titled “Vitamins and Nutrition Supplements Market: By Vitamin (A, B, C, D, E and K); By Nutritional Supplements (Amino acids, Minerals, Others); By End Users (Infants, Athletes, Gymnasts, Body Builders, Others) & By Geography – Forecast (2019-2025).”
Hypermarket/Supermarket distribution channel held a dominating share in the vitamins and nutrition supplements market among other distribution channels explored by the analyst of the report. It is projected to grow with a CAGR of 2%-3% over the forecast period 2019-2025. North America held a major share of around 34%-38% in 2018. Rise in the consumption of protein supplements and probiotic supplements which supports a healthy diet and gut health respectively in the U.S. has been analyzed from various research studies and also from the published research in the U.S. National Library of medicine. Thus, these factors are altogether boosting the growth of vitamins and nutrition supplements market in this region.
Global Vitamins and Nutrition Supplements Market Companies: Recent Developments
E.I. du Pont de Nemours & Co., Bayer AG, Koninklijke DSM N.V., Archer Daniels Midland Company, BASF SE, Glanbia PLC, Herbalife International of America, Inc., NBTY INC, Reckitt Benckiser Group plc, NutraMarks Inc., and Pharmavite LLC are some of the leading companies in the market for vitamins and nutrition supplements.
- In November 2018, Archer Daniels Midland Company (ADM) launched a new product Onavita DHA algal oil which is an expansion of Omega-3 fatty acids, it is used in different dietary supplements. It is aimed to improve the portfolio of health and wellness ingredients which include probiotics, botanical extracts, vitamins, and nutritional oils
- In June 2018, ADM plans to acquire the Probiotics International Ltd. (PIL) supplier of probiotic supplements to improve its integrated probiotics and nutraceuticals business through a unique combination of ADM R&D capabilities and PIL sales and marketing network
Vitamins and nutrition supplements are extensively used due to its advantages in maintaining gut health and also to avoid related illness. Currently, these supplements are a promising choice for a healthy diet. Increasing consumption of protein and probiotic supplements by the athletes, bodybuilders, infants, and elders is fuelling the growth of vitamins and nutrition supplements through to 2025
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- OTC Vitamins & Minerals Dietary Supplements Market
- Nutraceutical Ingredients Market