Vitamin & Mineral Supplements Market Overview with Leading Companies, Portfolio Outlook| Forecast

 Market Highlights

Global Vitamin & Mineral Supplements Market is estimated to be valued at USD 1,08,148.1 Million by 2025, registering a CAGR of 6.70% during the forecast period. The global vitamin & mineral supplements market is expected to register a notable growth rate during the forecast period. Increasing consumer awareness regarding the importance of preventive healthcare and untapped markets in developing countries are driving the market growth. Moreover, the expansion of the organized retail sector in developing economies offer growth opportunities for manufacturers. However, the side effects associated with the overconsumption of these supplements are restraining the growth of the market.

Asia-Pacific constituted a dominant share of the global vitamin & mineral supplements market in 2018. The regional market is expected to exhibit a CAGR of 7.32% during the review period. The expansion of product portfolios by key manufacturers is a significant factor for the growth of the vitamin & mineral supplements market overview in Asia-Pacific. Moreover, increasing per capita disposable income of the consumers is also anticipated to act as a major factor in the growth of the Asia-Pacific vitamin & mineral supplements market. China accounted for the major market share in the Asia-Pacific region in 2018 and estimated to retain its dominance throughout the forecast period. North America accounted for a significant market share of the global vitamin & mineral supplements market in 2018 and projected to register a CAGR of 6.17% during the forecast period. The US accounted for a major market share of 84.91% of the North American vitamin & mineral supplements market in 2018 and estimated to retain its dominance throughout the forecast period. Europe accounted for a decent market share in 2018 and expected to expand at an above-average growth rate during the forecast period.

Key Players

Market Research Future recognizes The Nature's Bounty Co. (US), Glanbia PLC (Ireland), Herbalife Nutrition Ltd. (US), Abbott Laboratories (US), Amway Corp (US), Bayer AG (Germany), GlaxoSmithKline plc (UK), Otsuka Holdings Co. (Japan), Nature's Way Products, LLC (US), and Nu Skin Enterprises, Inc. (US) as the Key Players in the Global Vitamin & Mineral Supplements Market.

Segmental Analysis

The global vitamin & mineral supplements market size has been segmented on the basis of type, end user, distribution channel, and region.

By type, the market has been divided into vitamin, mineral, and blends. The vitamin segment accounted for a major share of 78.50% of the global market and projected to record a CAGR of 6.65%. The geriatric population widely consumes vitamin supplements on a regular basis to address a variety of health problems. Vitamin supplements are available in tablet and capsule forms; however, lately, the demand for gummy supplements has increased, especially for children. The vitamin segment is further divided into vitamin B, vitamin C, vitamin D, multivitamins, and others. The mineral segment is bifurcated into calcium, magnesium, iron, zinc, multi-minerals, and others. However, the blends segment is projected to record the highest CAGR of 7.57% during the forecast period. The demand for blends has increased over the last few years mainly due to the multiple health benefits offered by the combination of two or more vitamins and minerals. Moreover, the availability of vitamin and mineral blends is exceptionally high in both developed and developing economies.

By end user, the market has been divided into men, women, and unisex. The unisex segment accounted for a significant market share of 64.37% in 2018 and it is estimated to retain its dominance throughout the forecast period. However, the women segment is projected to register the highest CAGR during the forecast period.

By distribution channel, the market has been bifurcated into store-based and non-store-based. The store-based distribution channel is estimated to retain its dominance throughout the forecast period. However, the non-store-based segment is projected to witness a higher growth rate during the forecast period. E-commerce channels help expedite this process so manufacturers may reach a wide consumer base. The various discounts and offers available on online shopping sites and services such as free delivery make non-store-based distribution channels the preferred choice among customers. Apart from that, the store-based distribution channel has been further divided into supermarkets & hypermarkets, specialty stores, and others.  

Access Report Details @ https://www.marketresearchfuture.com/reports/vitamin-mineral-supplements-market-8816

Regional Analysis

Geographically, the global vitamin & mineral supplements market overview has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific dominated the market, accounting for the largest share in 2018. The market in Asia-Pacific is expected to register the highest CAGR of 5.92% during the forecast period. North America accounted for the second-largest market share in 2018.

Key Findings of the Study

  • The Global Vitamin & Mineral Supplements Market Size is expected to register a growth rate of 6.70% from 2019 to 2025. Increasing geriatric population across the globe is anticipated to act as a major factor for the rising growth of vitamin & mineral supplements market.
  • On the basis of type, the vitamin segment is expected to hold a dominant share of the market by 2025, registering a growth rate of 6.65%.
  • The store-based segment accounted for the larger market share in 2018 and is expected to exhibit a CAGR of 6.55% during the forecast period.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Comments

Post a Comment

Popular posts from this blog

Dairy Cream Market Demand with Shares, Size, Regional Portfolio, key Players, Application, Brand Statistics, Gross Margin | Forecast 2027

Market Highlights Global Dairy Cream Market  is projected to be valued at  USD 18,722.1 Million by 2025 , expanding at a  CAGR of 3.80%  during the forecast period. Dairy cream is composed of a high-fat layer skimmed from the top of the milk before homogenized. The demand for dairy cream has been increasing at a moderate pace across the globe over the last few years. However, the increasing adoption of vegan and plant-based protein products around the world is expected to restrict the growth of the market. The rising consumer demand for organic dairy cream products is expected to create a growth opportunity for dairy cream manufacturers.       Europe constituted a dominant share of the dairy cream market in 2018 owing to the increasing demand from hotels/restaurants/cafes (HoReCa) industry. Germany and the UK are among the most lucrative markets for manufacturers in the region. The increasing use of dairy cream in bakery products has fur...
Read more

Plant-Based Food Market Global Demand, Growth, Business Prospect, Key Driven Factor, Brand Statistics, Region Overview and Forecast to 2027

Plant-Based Food Market Overview: The global plant-based food market will grow at a CAGR of 10.20% during the forecast period till 2027. The market for plant-based food is set to reach US$37981.6 million by 2027. As per plant-based food market analysts, the global market is anticipated to witness growth owing to the factors such as the increasing lactose intolerance as well as the increased demand for non-dairy products. However, the plant-based food market will face challenges and restraints due to the availability of substitutes and high competition during the forecast period till 2027. The growing consumer preference for a vegan and vegetarian diet in the plant-based food market will support the growth. As per plant-based food analysts, the plant-based food t based companies will face certain challenges during the forecast period till 2027. The plant-based food research report provides in-depth analysis of the type, distribution channel, and category segments. The plant-based food...
Read more

RTD Alcoholic Beverages Global Analysis: By Type, Product, Revenue Share, Size, Industry Highlights, Regional Demand | Forecast 2027

Overview: The RTD Alcoholic Beverages Market is predicted to register a CAGR of 3.44% during the 2019 to 2025 forecast period. A Market Research Report predicts a US$17,134.3 million valuation of the market by 2025. The growth is anticipated to be supported by consumers’ growing inclination towards convenience. Based on the report, the fast-growing demand for premium products will drive growth in the market in the coming years till 2025. However, cultural beliefs across certain countries banning alcohol will negatively affect the RTD Alcoholic Beverages Market’s Growth. The fluctuating prices of raw materials are anticipated to be another factor which could turn out to be a threat to companies during 2019 to 2025. The market report based on primary and secondary data reveals that packaging type, distribution channels, and type segments will witness a healthy growth till 2025. While the presence of many untapped opportunities across the market will support the market during the foreca...
Read more