Global Dietary Supplements Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the global Dietary Supplements Market is expected to record a CAGR of 6.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 197,809.8 Million. By 2033, the valuation is anticipated to reach USD 357,593.1 Million.

The dietary supplements market encompasses many products that supplement the diet with essential nutrients, vitamins, minerals, herbs, or other bioactive substances.

These supplements come in various forms such as capsules, tablets, powders, and liquids. They are targeted towards individuals seeking to improve their overall health, address specific nutritional deficiencies, or support specific health goals.

With increasing health consciousness, aging populations, and a growing emphasis on preventive healthcare, the market has experienced significant growth. Key players continuously innovate to offer new formulations and meet evolving consumer preferences, contributing to the market’s expansion.

Dietary Supplements Market – Significant Growth Factors

The Dietary Supplements Market presents significant growth opportunities due to several factors:

• Increasing Health Consciousness: Rising awareness about the importance of preventive healthcare and wellness practices drives demand for dietary supplements among consumers seeking to maintain or improve their overall health.

• Aging Population: With the global population aging, there’s a growing market for supplements targeting age-related health concerns such as joint health, cognitive function, and bone strength.

• E-Commerce Growth: The proliferation of e-commerce platforms provides consumers with convenient access to a wide range of dietary supplements, driving market expansion by reaching broader demographics and facilitating easy product comparison and purchase.

• Innovative Formulations: Continuous research and development efforts lead to the introduction of novel formulations, ingredients, and delivery systems, enhancing product efficacy and meeting evolving consumer preferences.

• Personalized Nutrition: The emergence of personalized nutrition solutions presents an opportunity for dietary supplement manufacturers to tailor products to individual needs based on factors such as age, gender, lifestyle, and health goals, thereby expanding their consumer base and market share.

• Expansion in Emerging Markets: Rapid urbanization, increasing disposable incomes, and changing lifestyles in emerging markets create opportunities for dietary supplement companies to tap into growing consumer demand in regions with previously untapped potential, fostering market growth and profitability.

Dietary Supplements Market – Mergers and Acquisitions

The Dietary Supplements Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Dietary Supplements Market include:

• In 2022, Amway inaugurated a Business Innovation Hub in Singapore in collaboration with the Economic Development Board to cater to evolving wellness needs in Asia. This strategic move enables Amway to address the rising demand for customized health solutions, boosting sales and profitability in the region.

• In 2023, Otsuka Pharmaceutical Co., Ltd. partnered with Tokyo Marathon to provide health management support to 38,000 runners and 80 officials. This initiative aims to raise awareness about exercise and nutrition, aligning with the company’s strategic development goals.

• In 2022, Nestlé strengthened its foothold in the Brazilian dietary supplement market with the acquisition of Puravida. This strategic expansion enriches Nestlé’s supplement portfolio, consolidating its position and capitalizing on growth prospects in Brazil’s flourishing health and wellness sector.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Dietary Supplements Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Dietary Supplements Market – Significant Threats

The Dietary Supplements Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Regulatory Challenges: Stringent regulatory standards and evolving regulations pose a significant threat to the industry. Non-compliance with regulations regarding product safety, labeling, and health claims can result in legal consequences, product recalls, and damage to brand reputation.

• Safety Concerns: Instances of contamination, adulteration, or mislabeling of dietary supplements can lead to safety concerns among consumers. High-profile incidents can erode consumer trust and confidence in the industry, resulting in decreased sales and market share for affected companies.

• Negative Public Perception: Misinformation or negative publicity surrounding the efficacy, safety, or necessity of dietary supplements can create a perception of scepticism or distrust among consumers. Media reports, scientific studies, or regulatory warnings highlighting potential risks or adverse effects can impact consumer perceptions and purchasing decisions, hindering market growth.

• Competition from Pharmaceuticals: Competition from pharmaceutical drugs that offer similar health benefits or address specific health conditions poses a threat to the dietary supplements market. Pharmaceutical alternatives may be perceived as more effective or clinically proven, leading consumers to opt for prescription medications over supplements for managing health concerns.

Category-Wise Insights:

By Type

• Botanicals: Botanicals are plant-derived dietary supplements containing extracts or concentrates from herbs, fruits, vegetables, or other botanical sources. Increasing consumer interest in natural health remedies and herbal traditions drives the demand for botanical supplements. Trends include the rise of adaptogens like ashwagandha and turmeric, along with botanical blends targeting specific health concerns such as stress relief, immune support, and cognitive function.

• Vitamins: Vitamins are essential micronutrients required for various bodily functions and overall health. Market trends include a focus on personalized nutrition, with tailored vitamin formulations catering to specific age groups, lifestyles, and health conditions. Demand for immune-boosting vitamins such as vitamins C and D has surged due to the COVID-19 pandemic, while trends in beauty-from-within products incorporating vitamins for skin health are also prevalent.

• Minerals: Minerals are essential nutrients vital for maintaining physiological functions and overall well-being. Market trends in mineral supplements include the development of innovative formulations with enhanced bioavailability and targeted delivery systems. Consumer demand for minerals such as calcium, magnesium, and iron remains steady, driven by concerns about bone health, stress management, and fatigue alleviation.

• Amino Acids: Amino acids are the building blocks of proteins and play crucial roles in muscle repair, energy production, and neurotransmitter synthesis. Market trends in amino acid supplements include the rise of branched-chain amino acids (BCAAs) and essential amino acid blends popular among athletes and fitness enthusiasts for muscle recovery and performance enhancement. Additionally, there’s growing interest in cognitive health supplements containing amino acids like L-theanine and tyrosine.

• Enzymes: Enzymes are protein molecules that catalyze biochemical reactions in the body, aiding in digestion, metabolism, and nutrient absorption. Market trends in enzyme supplements include formulations targeting digestive health, such as multi-enzyme blends to support gastrointestinal function and alleviate digestive discomfort. Demand for plant-based enzymes and products promoting gut health and enzyme balance is also on the rise.

• Probiotics: Probiotics are live microorganisms that confer health benefits when consumed in adequate amounts, primarily supporting gut health and immune function. Market trends in probiotic supplements include strains with clinically proven efficacy, shelf-stable formulations, and targeted delivery systems to ensure probiotic viability. Rising awareness of the gut-brain connection fuels demand for probiotics targeting mental well-being and mood regulation.

• Others: The “others” category encompasses a diverse range of dietary supplements, including omega-3 fatty acids, fish oils, fiber supplements, and specialty ingredients like glucosamine and chondroitin for joint health. Market trends in this segment include the growing popularity of omega-3 supplements for cardiovascular health, fiber supplements for digestive health, and personalized nutrition solutions tailored to individual health needs and preferences.

By Function

• Additional Supplements: These supplements provide extra nutrients beyond what is obtained from regular diets, aiming to enhance overall health and well-being. Trends include a focus on immune-boosting ingredients like vitamin C and zinc, as well as increasing demand for beauty supplements containing collagen and antioxidants.

• Medical Supplements: Targeted towards managing specific health conditions or deficiencies, medical supplements often contain higher concentrations of vitamins, minerals, or other bioactive compounds. Trends include the rise of condition-specific supplements for heart health, cognitive function, and digestive health, driven by aging populations and increased health awareness.

• Sports Nutrition Supplements: Designed to support athletic performance, recovery, and muscle growth, sports nutrition supplements typically include protein powders, amino acids, and creatine. Trends include the growing popularity of plant-based protein alternatives, personalized nutrition solutions tailored to individual fitness goals, and the integration of technology for tracking and optimizing performance.

• Others: This category encompasses a diverse range of supplements targeting various health concerns or lifestyle needs, such as weight management, cognitive enhancement, and gut health. Trends include the emergence of nootropic supplements for cognitive function, the demand for natural and organic formulations, and the integration of traditional herbal remedies into modern dietary supplements.

By Mode of Application

• Tablets: Tablets are solid dosage forms compressed into a convenient, easy-to-swallow shape. Trends include increased demand for coated and chewable tablets catering to consumer preferences for taste and texture, as well as the development of specialized formulations, such as time-release or multivitamin tablets.

• Capsules: Capsules are encased dosage forms containing powdered or liquid ingredients. Trends involve the rise of plant-based and vegan capsules, as well as innovations in capsule technology, such as enteric-coated capsules for improved bioavailability and targeted delivery.

• Liquid: Liquid supplements offer fast absorption and easy consumption. Trends include the growth of flavored liquid supplements appealing to diverse consumer tastes, as well as the development of concentrated liquid formulas and ready-to-drink formats for on-the-go convenience.

• Powder: Powder supplements provide flexibility in dosing and formulation. Trends encompass the popularity of powdered protein supplements for fitness and sports nutrition, as well as the emergence of powdered superfood blends and personalized nutrition powders tailored to individual health needs.

• Soft gels: Soft gel capsules contain liquid or oil-based ingredients enclosed in a gelatin or vegetarian shell. Trends include the increasing demand for softgel supplements containing omega-3 fatty acids, herbal extracts, and specialized nutrients, as well as advancements in softgel technology enhancing stability, shelf life, and bioavailability.

• Others: This category may include innovative dosage forms such as gummies, effervescent tablets, or sublingual supplements. Trends involve the growing popularity of gummy supplements, particularly among children and adults who dislike swallowing pills, as well as the development of novel delivery systems like dissolvable films and sprays for enhanced convenience and compliance.

By End Users

• Adults: As the largest consumer segment, adults seek dietary supplements for general health maintenance, energy boost, and targeted nutrition. Trends include increased demand for immune-boosting supplements, personalized nutrition solutions, and products addressing specific health concerns such as stress relief and cognitive function.

• Children: Parents opt for dietary supplements to support children’s growth, development, and immune health. Trends include a shift towards natural and organic formulations, child-friendly formats like gummies, and supplements fortified with essential vitamins and minerals.

• Pregnant Women: Dietary supplements for pregnant women focus on supporting maternal health, and fetal development, and addressing nutrient deficiencies. Trends include prenatal vitamins fortified with folic acid, iron, and omega-3 fatty acids, along with natural and plant-based formulations to meet the unique nutritional needs during pregnancy.

• Geriatric Population: Geriatric dietary supplements target age-related health concerns such as joint health, bone strength, and cognitive function. Trends include the rise of senior-specific formulations with ingredients like calcium, vitamin D, glucosamine, and antioxidants, as well as products tailored to support cardiovascular health and promote healthy aging.

By Distribution Channel

• Pharmacies/Drugstores: Pharmacies and drugstores offer convenience and expert advice, driving significant sales of dietary supplements. Trends include increasing demand for pharmacist recommendations, emphasis on evidence-based supplements, and the integration of health screenings and consultations to enhance customer experience.

• Health Food Stores: Health food stores specialize in natural and organic products, attracting consumers seeking clean-label and sustainable dietary supplements. Trends include the rise of niche brands, expansion of plant-based and vegan supplements, and growing interest in herbal remedies and traditional medicine.

• Supermarkets/Hypermarkets: Supermarkets and hypermarkets provide mainstream accessibility and variety in the dietary supplements market. Trends include the expansion of private label offerings, incorporation of supplements into grocery aisles for one-stop shopping convenience, and increasing demand for functional foods and beverages fortified with supplements.

• Online Retailers: Online retailers offer convenience, extensive product selection, and personalized recommendations, driving significant growth in the dietary supplements market. Trends include the rise of subscription-based models, integration of artificial intelligence for product recommendations, and emphasis on customer reviews and ratings to build trust and loyalty.

• Others: This category may include direct sales, specialty stores, and convenience stores. Trends include the emergence of multi-level marketing companies, the expansion of boutique health stores catering to specific dietary needs or lifestyles, and the integration of technology for personalized nutrition assessments and recommendations.

Report Scope

Dietary Supplements Market – Regional Analysis

The Dietary Supplements Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: In North America, dietary supplements market trends include a growing preference for clean-label and organic products, fueled by health-conscious consumers. There’s a rising demand for supplements targeting specific health concerns such as immune support and stress relief. Additionally, there’s an increasing emphasis on personalized nutrition solutions, with consumers seeking tailored supplements based on genetic profiles or lifestyle factors.

• Europe: In Europe, dietary supplement market trends are characterized by a focus on regulatory compliance and product safety, with stringent standards driving consumer trust. There’s a growing interest in sustainable and eco-friendly supplements, aligning with the region’s emphasis on environmental responsibility. Furthermore, there’s a rising demand for supplements addressing aging-related health issues and supporting healthy aging among the aging population.

• Asia-Pacific: In the Asia-Pacific region, dietary supplement market trends include a surge in demand for traditional herbal remedies and natural ingredients, reflecting cultural preferences and holistic health practices. There’s a growing interest in beauty supplements, driven by the desire for youthful skin and appearance. Additionally, the rise of e-commerce platforms and digital health solutions is transforming the market landscape, providing consumers with convenient access to a wide range of supplements.

• LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, dietary supplements market trends are shaped by diverse cultural and socioeconomic factors. There’s a growing demand for supplements addressing nutritional deficiencies and supporting overall health and wellness, driven by rising disposable incomes and urbanization. Additionally, there’s an increasing focus on sports nutrition supplements, driven by the growing fitness and sports culture in the region.

Competitive Landscape – Dietary Supplements Market

The Dietary Supplements Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

• Amway Corporation
• Abbott Laboratories
• Glanbia plc
• Herbalife Nutrition Ltd.
• Archer Daniels Midland Company
• Pfizer Inc.
• Nature’s Sunshine Products Inc.
• Nutraceutical International Corporation
• Bayer AG
• Otsuka Holdings Co. Ltd.
• Himalaya Global Holdings Ltd.
• Danone SA
• Nature’s Bounty Co.
• NOW Foods
• Reckitt Benckiser Group plc
• Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New players entering the dietary supplements market are leveraging innovation and development to carve their niche. Startups and smaller companies are capitalizing on trends such as personalized nutrition, sustainable sourcing, and novel ingredients to differentiate themselves.

These newcomers often utilize digital marketing, direct-to-consumer models, and partnerships with health professionals to establish their presence. Meanwhile, key players like Amway, Herbalife, and Pfizer dominate the market due to their extensive product portfolios, global distribution networks, and brand recognition.

They maintain dominance through continuous innovation, strategic acquisitions, and investments in research and development, allowing them to capture significant market share and influence consumer preferences.

The Dietary Supplements Market is segmented as follows:

By Type

• Botanicals
• Vitamins
• Minerals
• Amino acids
• Enzymes
• Probiotics
• Others

By Function

• Additional Supplements
• Medical Supplements
• Sports Nutrition Supplements
• Others

By Mode of Application

• Tablets
• Capsules
• Liquid
• Powder
• Soft gels
• Others

By End User

• Adults
• Children
• Pregnant Women
• Geriatric Population
• Others

By Distribution Channel

• Pharmacies/Drugstores
• Health Food Stores
• Supermarkets/Hypermarkets
• Online Retailers
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America