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Global Market Study on Dietary Supplements: Botanical Supplements to Remain Highly Popular across Geographies

Global Market Study on Dietary Supplements: Botanical Supplements to Remain Highly Popular across Geographies

  • September 2021
  • 94 pages
  • ID: 6178835
  • Format: PDF
  • Persistence Market Research

Summary

Table of Contents

Dietary Supplements Market: Report Scope
Increase in consumer interest in healthy diets has led to higher consumption of food and food ingredients with potential health benefits. Of late, consumers have become more conscious of their diets.

Majority of adults in the U.S. have expressed overall confidence in the quality, effectiveness, and safety of dietary supplements. Rising aging population, increasing lifestyle diseases and increasing healthcare cost are some of the important factors driving the growth of the dietary supplements market.

The major factor driving the cost of healthcare is lengthy and costly R&D conducted by pharmaceutical companies. Due to increasing costs of healthcare, people are turning towards dietary supplements to help them stay healthy.

These supplements provide various health benefits such as strengthening the immune system, protection from cold and flu, prevention of migraine headaches, treat of arthritis, rheumatic diseases, allergies, lower cholesterol, triglyceride levels and blood pressure, cardiovascular diseases, and cognitive diseases at lower costs.

Asia-Pacific is the largest market for dietary supplements globally.Consumer awareness about the benefits of dietary supplements and wide product availability are the major drivers for the market in Asia Pacific.

The increase in disposable income allows customers to spend more on healthy food items.

In recent years, consumers have become more conscious of their diet.Rising number of elderly people in North America is leading to a rise in demand for dietary supplements products.

Over the last few years, the risk of chronic diseases and maintenance of health in old age have been the major health concerns leading to increased spending on dietary supplement products.

Europe is the second-largest market for dietary supplement products.Recently, consumers in the region are showing great interest in leading healthy lifestyles, in turn, driving the consumption of healthy food.

In the European region, Western Europe is the largest market for dietary supplements.

Eastern Europe is considered to have higher future growth potential. Rising aging population, increasing lifestyle diseases, and growing healthcare costs are some of the important factors driving the growth of the dietary supplements market in the region.

The competitive landscape section of the dietary supplements market report includes benchmarking section which provides an insight on various companies operating in the dietary supplements market based on their regional presence and their product offerings across four product segments (vitamin supplements, mineral supplements, botanical supplements, and fatty acids supplements).

Research Methodology
To deduce the dietary supplements market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, region, and application; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates.

The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the dietary supplements market.

The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future.

Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the dietary supplements market.

To develop the market forecast, the analyst has also conducted a factor analysis to understand the impact of various forces/factors on the target market.

The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.

Another key feature of this report is an analysis of the dietary supplements market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market.

However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the dietary supplements market.

Further, to understand key segments in terms of their growth and overall dietary supplements market performance, the analyst has developed a market attractiveness index to help providers identify existing market opportunities in the dietary supplements market.

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