Health Supplements Market 2021: Industry Overview, Drivers, Segments, Regional Analysis, Competitive Analysis – Forecast to 2027

Health Supplements Market Scope

Market Research Future (MRFR) expects health supplements market flourish at a rate of 7.8% during the evaluation period (between 2020 and 2027).

Main drivers and obstacles

With the rapid increase in the number of lifestyle-related illnesses, consumers are increasingly choosing products that support preventative health care and a healthier lifestyle. Consuming health supplements helps to improve health and bodily functions, given the increasing consumer interest in these products, resulting in booming sales. In addition, large-scale government funding for research into the evaluation and exploration of potential new benefits of health supplements has boosted the production rate, which has a huge impact on the global industry.

In addition, consumers are gradually opting for healthy, non-prescription products. The increased awareness of people about self-diagnostic channels as well as personalized diet options through various online platforms has widened the growth scope of the health supplements market. These are over the counter products that are readily available and cost effective which should also add value to the global market.

Get Custom Sample With Complete Table of Contents Including COVID-19 Industry Analysis @ https://www.marketresearchfuture.com/sample_request/1646

Vigorous social media promotional advertising combined with celebrity referrals are the most preferred marketing techniques adopted by major brands in the market. Health supplements have caught the interest of millennials as well as Gen Z populations, who are looking for products to improve their health and immunity. Sensing the opportunities in the global market, several brands are introducing a variety of health supplements which not only have health benefits but also facilitate weight reduction. This factor is believed to significantly promote product sales in subsequent years.

Segmental examination

The global market has been divided into types, applications, ingredients, and end users.

The types of health supplements available in the market are eye health supplements, dietary supplements, etc.

The main applications of health supplements are allergies, rheumatic diseases, cardiology and others. The escalation of cases of heart conditions has forced manufacturers to focus more on innovating effective supplements for heart health. The advancement of technology platforms as well as the increase in research activity regarding supplements for heart health have supported the growth of the cardiology segment in the market.

The ingredients considered in the report are amino acids, plants, vitamins and minerals, etc.

The main end-users described in the report are research centers, clinics, hospitals, etc.

Ask the Experts @ https://www.marketresearchfuture.com/enquiry/1646

Regional overview

Asia-Pacific / APAC, Europe, North America, as well as the rest of the world are the major health supplement markets in the world.

MRFR identifies America as the market leader, due to the strong presence of several renowned players who offer high quality and performing health supplements. Government support for large-scale funds for research and development activities and public education on various health supplements is also promoting business growth in the region. The United States and Canada, faced with rising health care spending, have taken the lead in the US market. Raising people’s awareness of personalized diet options and self-diagnostic channels offered by several health product retailers and manufacturers through online platforms would also benefit the health supplement market.

Thanks to the wide availability of good quality products and the growing knowledge of the various benefits of different health supplements, Europe has taken the second place in the world market. The size of the health supplements market in the region is further enhanced by the substantial health spending and increased public funding for R&D activities. In addition, increased R&D efforts and commercial giants increasingly focusing on developing innovative health supplements with more benefits will also add to the attractiveness of the market.

The Asia-Pacific is one of the most profitable markets for health supplements and boasts of producing them on a large scale. The dramatic increase in urbanization, the increase in disposable income and the increase in expenditure on healthy products are expected to ensure the expansion of the market size in the region. The accelerated levels of consumer awareness of ketone diets, especially in densely populated countries like India and China, will boost sales in the years to come. The rapid growth in the rate of industrialization and the flourishing pharmaceutical sector with a strong focus on infrastructure development can also benefit the regional market.

Main competitors

The Nature’s Bounty Co. (United States), EI du Pont de Nemours and Company (United States), GlaxoSmithKline Limited (United Kingdom), Herblife International (United States), Alticor Inc. (United States), Bayer AG (Germany), BASF SE (Germany), Abbott Laboratories (United States), Glanbia plc (Republic of Ireland), are the leading manufacturers of health supplements.

Recent news

July 2021

Healthy Directions has launched Vision Essentials ULTRA, a supplement for eye health and vision, an addition to the successful and popular Whitaker Nutrition. Vision Essentials ULTRA contains 40 milligrams of clinically cleared Lutemax 2020, an innovative blend of zeaxanthin, meso-zeaxanthin and lutein carotenoids which is similar to the exact combination of these compounds available in nature. Lutein along with other carotenoids act as a macular shield for the eyes against extreme blue light, altering the optical density of the macular pigment.

Get Premium Research Report, Including COVID-19 Impact Analysis, Find More Information @ https://www.marketresearchfuture.com/reports/health-supplements-market-1646

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, providing comprehensive and accurate analysis with respect to various markets and consumers around the world. Market Research Future has a distinguished goal of providing high-quality research and granular research to customers. Our market research by products, services, technologies, applications, end users and market players for global, regional and national market segments, enables our clients to see more, learn more and do more, which helps answer your most important questions. questions.

Follow us: LinkedIn | Twitter

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
E-mail: [email protected]
Website:
https://www.marketresearchfuture.com



Source link

Comments are closed.