Between 2012 and 2022, the Vitamin Dosage Market Size per capita in the Philippines demonstrated notable growth. Starting at $1.85 in 2012, it experienced a general upward trend, except for a minor dip in 2013. The most significant year-on-year increase occurred between 2016 and 2017, rising from $2.13 to $2.56, while the value peaked in 2021 at $3.56. However, 2022 saw a slight decline to $3.34, marking a 6.18% decrease from the previous year. Over the last two years, the average annual growth rate remained positive despite the recent drop. The Compound Annual Growth Rate (CAGR) over the last five years, from 2017 to 2022, was approximately 8.36%, indicating sustained market expansion.
Moving forward, the market is expected to continue its upward trajectory, with a focus on enhanced product offerings, increased health awareness, and potential policy influences. Key trends to watch include the rising consumer preference for organic and natural vitamin supplements, advancements in delivery methods, and the impact of economic conditions on disposable income and health expenditure.
| # | 29 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 18.89 | 2023 | View data | ||
| 2 | 2 Canada | 13.73 | 2023 | View data | ||
| 3 | 3 Uruguay | 10.63 | 2023 | View data | ||
| 4 | 4 Sweden | 8.54 | 2023 | View data | ||
| 5 | 5 Finland | 7.93 | 2023 | View data | ||
| 16 | 16 Peru | 4.77 | 2023 | View data | ||
| 17 | 17 Italy | 4.27 | 2023 | View data | ||
| 18 | 18 Philippines | 3.63 | 2023 | |||
| 19 | 19 Armenia | 3.42 | 2023 | View data | ||
| 20 | 20 Bolivia | 3.38 | 2023 | View data | ||