Vitamin Supplements Market Research Report - Forecast till 2027

Vitamin Supplements Market: Information by Type (Vitamin B, Vitamin C, Vitamin D, Multivitamins, and others), By Form (Tablets, Capsules & Soft Gels, Powder and Others), By Distribution Channel (Store-Based and Non-Store-Based) - Forecast till 2027

ID: MRFR/F-B & N/0215-CR | February 2021 | Region: Global | 126 Pages         

Vitamin Supplements Market

Vitamin Supplements Market size is expected to reach $204.7 billion by 2027 growing at a CAGR of 7% from 2020 to 2027.

Segmentation

By Type Vitamin B Vitamin C Vitamin D Multivitamins others
By Form Tablets Capsules & Soft Gels Powder Others
By Distribution Channel Store-Based Non-Store-Based

Key Players

  • Amway (US)
  • ADM (US)
  • Ekomir (Russia)
  • Abbott Laboratories (US)
  • Arkopharma Laboratories (France)
  • Bayer (Germany)
  • Glanbia (Ireland)
  • Herbalife Nutrition (US)
  • Nature’s Sunshine Products (US)
  • FANCL (Japan)
  • Danisco (Denmark)
  • Pfizer (US)
  • Bionova Lifesciences (India)
  • XanGo (US)
  • Anona GmBH (Germany)
  • Pure Encapsulations (US)
  • UST Manufacturing (US)
  • Carlyle Group (US)
  • American Health (US)
  • Bio-Botanica Inc. (US)
  • GlaxoSmithKline (UK)
  • Capstone Nutrition (US)
  • Plantafood Medical GmBH (Germany)
  • Nu Skin Enterprises (US)
  • Nutraceutics (US)

Drivers

  • Increasing Health Consciousness
  • Expansion Of Fitness Centers And Health Clubs
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Vitamin Supplements Market Overview:


Vitamin Supplements Market Size is anticipated to reach USD 204.7 billion by 2027, registering a CAGR of 7% during 2020-2027. The development in Vitamin Supplements Market is due to the increasing number of gyms, and exercise centers, combined with the developing awareness about wellness among the adolescents, is relied upon to build the interest in energy and weight the executives. Expanding acknowledgment of sports as a vocation is relied upon to build the interest in sports sustenance, which, thusly, benefits the market development.


Innovative work is the key achievement factor for dietary enhancements, which require critical speculations. Also, rigid guidelines regarding the medical advantages guarantee and naming of the items are relied upon to make difficulties for the market over the figure time frame.


Based on the Vitamin Supplements Market Analysis Report, the surge in lactose intolerance will accelerate growth in the market, whereas the fluctuating Vitamin prices will have a negative impact on the global market growth. The availability of different types of alternative solutions is predicted to be a key difficulty that could become a serious threat from the forecasting period for many. 


The market report published by expert analysts incorporates essential and auxiliary information and recommends that classification, structure, bundling type, and conveyance channels sections are expected to observe colossal development.


Factors, for example, the developing application regions, will become key development drivers during the figure time frame. The flooding use across various businesses is likewise supposed to be supporting the market universally.


In any case, the development anticipated for the estimated time frame could be influenced by contracting innovative work spending plans, which could contrarily influence exercises across the market. The unsound cost of supplements is another test the market could look till


Good government approaches will uphold market development. According to the statistical surveying report, the worldwide market for Vitamin Supplements Market is expected to become sound across all the classification, structure, bundling type, and dissemination channel fragments.


The presence of dynamic threats, for example, concerns in regard to incidental effects, could hamper the market development. Business evaluation across Global Market has likewise been inspected and examined by the Vitamin Supplements industry experienced experts. The Global Market statistical surveying report covers discoveries with expectations and conjectures till.

Elevit, a brand of maternal nutrition supplements manufactured by Bayer, entered the newborn nutrition market in China last month with the release of a few new items. Elevit's Vitamin D soft capsules and Elevit Calcium Zinc Vitamin D soft capsules (right) are the first of their kind to hit the Chinese market.


Covid-19 Analysis


The outbreak of the COVID-19 pandemic has influenced the Vitamin Supplements market harshly as well. Lockdown standards executed by prestigious administrative bodies worldwide have brought about the disturbance in crude material transportation and high costs. Vitamin and related item producers are accordingly incapable of proceeding with their assembling measures. These elements are set to influence the interest for this kind of supplement during the pandemic.


The evaluation report also remembers the current market and its development possibilities for the given time of figure. A thorough and expert investigation of the worldwide Vitamin Supplements market report has been finished by industry experts and introduced in the most specific way to introduce just the subtleties that matter the most.


The report primarily centers on the most robust data of the worldwide market. The report gives a clear and transparent outline of the Vitamin Supplements market size by featuring data of the market's various perspectives, which incorporates drivers, restrictions, openings, and dangers.

Over half of American adults have admitted to using these items during the pandemic, per data from the National Health and Nutrition Examination Survey. This pattern will likely persist in all parts of the globe, with the help of innovations and technological developments.


Market Dynamics


The Vitamin Supplements Market Share was valued at USD 204.7 billion by 2027, recording a CAGR of 7.0% during the forecast period. In 2020, the traditional portion represented the greater part of the whole Global Market.


Drivers


The surge in Lactose Intolerance to be a Major Growth Booster:


The surge in lactose narrow-mindedness among overall shoppers is a significant development sponsor in the Vitamin Supplements Market. Rising mindfulness about the medical advantages of Global Market additionally stays a significant justification for the market's solid exhibition across the globe. Normally, the taking off the notoriety of Asian food worldwide will introduce appealing open doors in the Vitamin Supplements industry in the future days.


Opportunities


MEA and Latin America to Offer Significant Opportunities to Players:


Center East and Africa, alongside Latin America, offer worthwhile freedoms to the merchants, considering the sped-up interest for Vitamin Supplements Market items in these areas. With the raising coordinated retail, the Global Market piece of the pie will probably support altogether over the gauge time frame. Additionally, the extending veggie-lover populace across these areas should push the interest in Vitamin supplements.


Challenges


Fluctuating Vitamin Prices to be a Challenge:


The unsound cost of supplements across various nations is projected to be a significant obstacle for market development in the years to come.


Cumulative Analysis


The Vitamin Supplements Market is set to develop at a CAGR of 7% during the gauge time frame 2020 to 2027. According to the statistical surveying report, the market will hit US$2,350.8 million as far as valuation before the finish of 2027. The Global Market Trends development will be driven by the rising mindfulness about medical advantages.


The development in the utilization of supplements-based items among buyers is relied upon to drive the utilization of supplements-based items in food and refreshment applications later on. Deals of supplements-based fixings, for example, Vitamin Supplements Market and Vitamin cream, are developing, and these items are generally utilized as fixings in different prepared food items.


Since Vitamin has a few medical advantages, and its side-effects are boundlessly utilized in bread shop merchandise, espresso, candy store, and so forth, it's interesting to see a quick vertical bend. The Vitamin is widely utilized in South Asian foods, like Indian, Burmese, Sri Lankan, and Indonesian.


In a recent study, the Consumer Health Division of Bayer found that over two billion people worldwide had MiND (micronutrient deficiencies), with nearly half of them residing in India. Zinc, vitamins A, C, and D, and maybe other micronutrients, have been shown to aid enhance immunity and may affect the likelihood of contracting and the severity of viral respiratory infections.


Customer satisfaction leader Jarrow Formulas has introduced a whole new, cutting-edge product line: Probiotic+ Gummies. There are three premium, extremely effective probiotic gummy formulae in the range, all of which have been shown in scientific studies to improve digestive, immunological, and intestinal health. For optimal digestive and immune system health, this supplement combines two probiotic strains that have undergone extensive clinical testing with 2 billion live cells, vitamins C and D, and zinc.


Segmentation Overview


The Vitamin Supplements Market is isolated into sections dependent on class, structure, bundling type, and dissemination channels. The classification, structure, bundling type, and appropriation channels sections are additionally divided into more modest portions for a thorough examination of the market. The classification section is ordered into regular and natural.


Besides, in light of circulation channels, the worldwide market is likewise sectioned into powder and fluid. Because of the market division examination, the report covers market figures. Based on structure, the worldwide market is parted into sub-portions, including bottles, jars, pockets, and others. The bundling type portion is sorted into store-based and non-store-based.

Israel-based The AstaPure Arava, a whole-algae astaxanthin complex developed by Solabia-Algatech Nutrition, has been introduced. The company hopes to expand its astaxanthin product line by introducing a gummy version of the supplement. At the moment, you can get the candy made from plants in a cherry flavor, which is fantastic. The astaxanthin algae complex in each gummy is 4 milligrams, and there are 50 milligrams of vitamin C and no artificial flavors or colors. The daily requirements for these two antioxidants can be met by eating just one or two candies.


Competitive Landscape


The worldwide Vitamin Supplements Market and the cream market are profoundly divided, with various domestic players existing with solid conveyance organizations and global food accreditations. Moreover, Global Market Revenue is given on the consolidation, extension, securing, and association of the organizations along with new item advancement as essential methodologies took on, by the leading organizations to help their image presence among buyers. Central members ruling the market include:



  • Amway (US)

  • ADM (US)

  • Ekomir (Russia)

  • Abbott Laboratories (US)

  • Arkopharma Laboratories (France)

  • Bayer (Germany)

  • Glanbia (Ireland)

  • Herbalife Nutrition (US)

  • Nature’s Sunshine Products (US)

  • FANCL (Japan), Danisco (Denmark)

  • Pfizer (US)

  • Bionova Lifesciences (India)

  • XanGo (US)

  • Anona GmBH (Germany)

  • Pure Encapsulations (US)

  • UST Manufacturing (US)

  • Carlyle Group (US)

  • American Health (US)

  • Bio-Botanica Inc. (US)

  • GlaxoSmithKline (UK)

  • Capstone Nutrition (US)

  • Plantafood Medical GmBH (Germany)

  • Nu Skin Enterprises (US)

  • Nutraceutics (US)


Report Overview


The Vitamin Supplements Market Forecast by geology featuring the utilization of the item/administration inside the district likewise demonstrates the elements that influence the market inside every locale.


The report gives openings and dangers looked at by the merchants in the worldwide Vitamin Supplements Market Industry.


The report shows Vitamin Supplements Market Outlook, with the area and portion that is relied upon to observe the quickest development.


The competitive scene incorporates the market positioning of the primary players, alongside new item dispatches, organizations, business extensions, and acquisitions.


The report gives broad organization profiles containing organization outline, organization bits of knowledge, item benchmarking, and SWOT examination for the principal market players.


The report gives the present just as the future market viewpoint of the business regarding on-going turns of events, development openings, drivers, difficulties, and restrictions of both arising likewise as evolved locales.


Regional Analysis


Natrol, the leading non-drug sleep aid brand in the United States, has introduced Natrol Sleep+ Capsules, a new line of melatonin supplements with vitamin C and D specially formulated with clean ingredients to support your sleep and provide additional muscle recovery, immune health, and calming benefits. The new products are an extension of Natrol's acclaimed Sleep+ range, which combines the positive effects of melatonin with those of other substances to provide a more restful night's sleep.


Recent Developments



  • October 2020, Abbott Laboratories dispatched strawberry-seasoned food supplements in India. This will reinforce the organization's dietary enhancements portfolio.

  • November 2019, Amway contributed USD 200 million to set up a dietary enhancement development focus in China. This aided in offering uniquely designed arrangements and the general extension of the organization.

  • October 2019, Herbalife dispatched an unwinding tea and new invulnerability fundamentals, containing EpiCor, to fulfill healthful enhancement need in the North American area. This would fortify its item portfolio for dietary enhancements.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 204.7 Billion
  CAGR   7%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Form, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Amway (US), ADM (US), Ekomir (Russia), Abbott Laboratories (US), Arkopharma Laboratories (France), Bayer (Germany), Glanbia (Ireland), Herbalife Nutrition (US), Nature’s Sunshine Products (US), FANCL (Japan), Danisco (Denmark), Pfizer (US), Bionova Lifesciences (India), XanGo (US), Anona GmBH (Germany)
  Key Market Opportunities   Extending veggie-lover populace
  Key Market Drivers   Increasing Health Consciousness, Expansion Of Fitness Centers And Health Clubs


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Frequently Asked Questions (FAQ) :

Vitamin supplements market CAGR would be 7% during the forecast period.

Vitamin supplements market valuation would be USD 204.7 billion.

The key players in the Vitamin Supplements industry profiled in the report are Amway (US), ADM (US), Ekomir (Russia), Abbott Laboratories (US), Arkopharma Laboratories (France), Bayer (Germany), Glanbia (Ireland), Herbalife Nutrition (US), Nature’s Sunshine Products (US), FANCL (Japan), Danisco (Denmark), Pfizer (US), GlaxoSmithKline (UK), Capstone Nutrition (US), Plantafood Medical GmBH (Germany), Nutraceutics (US)

The forms included in vitamin supplements market report are tablets & capsules, powders, liquid, and gummies.

North America would dominate vitamin supplements market.

Overdose of supplements can cause side-effects and can prevent growth of vitamin supplements market.