Vitamin Supplements Market Size, Share, Trends, Analysis, Competition, Growth Rate, and Forecast 2023-2029


Posted June 15, 2023 by eakvirammr

Vitamin Supplements Market size was valued at USD 52.40 Billion in 2022 and the total Vitamin Supplements revenue is expected to grow at a CAGR of 7.4% from 2023 to 2029, reaching nearly USD 86.37 Billion.

 
Vitamin Supplements Market Overview

The report covers the Vitamin Supplements Market's most recent revenue and Market trends. It provides a Market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Vitamin Supplements Market, such as gross margin, cost, Market share, capacity utilization, and supply. It also aids in determining the future potential of the Vitamin Supplements Market in the next few years during the forecast period. The report provides a Market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the Market and comprehending the industry's backdrop.

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Vitamin Supplements Market Scope

The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Vitamin Supplements Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the Market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this Vitamin Supplements Market research report. For the competitive analysis, the report includes the profile of the key Market players in the Vitamin Supplements Market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.

Vitamin Supplements Market Segmentation

by Type : • Vitamin A

• Vitamin B

• Vitamin C

• Vitamin D

• Vitamin E

• Vitamin K

• Multivitamin

Furthermore, during the projection period, the gummies category is expected to increase at a moderate CAGR. Vitamin supplements in gummy form resemble little fruit treats such as jelly beans. Adults who enjoy eating and chewing jelly beans may be drawn to healthy gummies due to their similar flavour and appearance to confectionery. Gummies are popular because they are easier for the body to absorb than tablets. Gummies also taste better than tablets, making them more enjoyable to eat. Gummies are available in a range of flavours, which broadens the consumer base. As a result, these elements are likely to boost the segment's growth.

by Form : • Powder
• Tablets
• Capsules
• Softgels
• Gummies
• Others

The Tablets segment led the global vitamin supplements market in terms of market share in 2022. During the projection period, the segment is expected to develop at a CAGR of 6.8%. Tablets are commonly consumed by populations all over the world due to its benefits such as cost-effectiveness, longer shelf life, and ease of use. Furthermore, the natural coating improves pill disintegration, efficacy, and quality. As a result of increased table acceptance and strong physician recommendations, the category is predicted to grow significantly during the forecast period.

During the forecast period, the capsules segment is expected to increase steadily. Capsules are supposed to be more digestible and dissolvable in the intestines than tablets.

by Distribution Channel: • Offline
o Hypermarkets/Supermarkets
o Specialty Stores
o Medicals and Pharmacies
o Others
• Online

In terms of Distribution Channel, the offline segment dominated the global vitamin supplements market in 2022, accounting for more than 60% of the market. During the projection period, the segment is expected to increase at a CAGR of 7.1% and continue its dominance by 2029. The ease of selecting the right products, and the benefit of being able to buy these products alongside regular groceries under the same roof associated with brick-and-mortar stores, special sales and discounts offered by stores, the influence of salespeople, and so on are some of the factors that increase product sales, thereby driving segment growth.

During the projection period, the medicals/pharmacies segment is expected to increase substantially. Physicians, dieticians, and other professionals are included.

by End-Users : • Pediatric

• Adults

• Geriatric

• Pregnant Women

• Children and Infants

During the projection period, the internet segment is expected to develop considerably. The increasing popularity of online purchasing due to busy lives, shopping convenience, the supply of product reviews, special deals, and other essential information on the platforms is predicted to enhance the sale of vitamin supplements through online channels. A huge increase in the penetration of online pharmacies is also contributing considerably to market growth. An online pharmacy is a business that distributes drugs over the Internet, and it includes both legitimate and illegal pharmacies. It is simple for people to buy vitamin supplements online because it offers home delivery and allows them to obtain product information while sitting at home. There is a massive

TOC

Global Residential Roofing Market: Research Methodology


Global Residential Roofing Market: Executive Summary
Market Overview and Definitions
Introduction to Global Residential Roofing Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry


Global Residential Roofing Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact


Global Residential Roofing Market Segmentation
Global Residential Roofing Market, by Type (2021-2029)
Global Residential Roofing Market, by Form (2021-2029)
Global Residential Roofing Market, by Distribution Channel (2021-2029)
Global Residential Roofing Market, by End-User (2021-2029)


Regional Residential Roofing Market(2021-2029)
Regional Residential Roofing Market, by Type (2021-2029)
Regional Residential Roofing Market, by Form (2021-2029)
Regional Residential Roofing Market, by Distribution Channel(2021-2029)
Regional Residential Roofing Market, by End-User (2021-2029)
Regional Residential Roofing Market, by Country (2021-2029)


Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments




Vitamin Supplements Market Key Players

• Koninklijke DSM NV (Netherlands)
• Glanbia PLC (Ireland)
• ADM (US)
• BASF (Germany)
• Lonza Group (Switzerland)
• Adisseo (France)
• Vitablend Nederland BV (Netherlands)
• SternVitamin GmbH (Germany)
• Farbest-Tallman Foods Corporation (US)
• The Wright Group (US)
• Zhejiang Garden Biochemical High- Tech Co., Ltd (China)
• NewGen Pharma (US)
• Rabar Pty Ltd. (Australia)
• Resonac (Japan)
• BTSA BIOTECNOLOGÍAS APLICADAS SL (Spain)
• Amway Corp (US)
• American Health Formulations (AHF) (US)
• Fullwell LLC. (US)
• Garden of Life, LLC (US)
• HEALTHY LIFE PHARMACEUTICALS PRIVATE LIMITED (India)
• Klean Athlete (US)
• Llama Naturals (US)
• now foods (US)
• nordic naturals (US)
• Olly PBC (US)
• Pharmavite (US)
• RBK Nutraceuticals (Australia)
• The Nature's Bounty Co. (US)
• VITAL PROTEINS, LLC, (US)
• Good Health (India)

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Regional Analysis

Vitamin Supplements Region dominated the Vitamin Supplements Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Vitamin Supplements Market growth in the region. The Vitamin Supplements Market report includes a geographic condition of the Market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.

Key Questions answered in the Market Report are:

What is Vitamin Supplements Market?
What is the forecast period of the Market?
What is the competitive scenario of the Market?
Which region held the largest Market share in the Market?
What are the opportunities for the Market?
What factors are affecting the Market growth?
Who are the key players of the Vitamin Supplements Market?
Which company held the largest share in the Market?
What will be the CAGR of the Market during the forecast period?
What key trends are likely to emerge in the Market in the coming years?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Vitamin Supplements
Landscape- Leading key players and other prominent key players.
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Issued By MMR
Country India
Categories Business , Food , News
Tags vitamin supplements market , vitamin supplements market growth , vitamin supplements market demand
Last Updated June 15, 2023