Global Nutritive Supplements Market is expected to rise from its initial estimated value of USD 159.9 billion in 2018 to an estimated value of USD 332.9 billion by 2026 registering a CAGR of 9.6% in the forecast period of 2019-2026. This rise in the market can be attributed to the changing lifestyle of people and increasing prevalence of cardiovascular conditions.\
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Market Definition: Global Nutritive Supplements Market
A nutritive supplement which is also termed as dietary supplement or food supplement are taken for enhancing the intake of necessary nutritional components in a human body. A supplement can be one substance or a combination of herbal extracts, vitamins, amino acids, minerals and any other substance which would supplement one’s daily diet.
Key Market Competitors:
Few of the major market competitors currently working in the nutritive supplements market are Herbalife International of America, Inc., Bayer AG, Pfizer Inc., Merck KGaA, Amway, Glanbia plc, Archer Daniels Midland Company, GlaxoSmithKline plc., DuPont, Abbott, BASF SE, Chemi Nutra, Biosyntrx Inc., HORN Company, Novartis AG, A1Supplements, The Vitamin Shoppe, NOW Foods, Prohealth, General Nutrition Centers, Inc. and Arkopharma.
- Rising disposable income is a major factor leading to industry growth
- Growing consumer health awareness is also driving the nutritive supplements market demand
- High costs related with wellness supplements is acting as a major restraint for the market
- Regulatory compliances will also hamper the market demand
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Segmentation: Global Nutritive Supplements Market
- By Ingredient
- Amino Acids
- By Product
- Soft Gels
- Gel Caps
- By Application
- Additional Supplement
- Medicinal Supplement
- Sports Nutrition
- By End-User
- Pregnant Women
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
- North America
Key Developments in the Market:.
- In May 2018, Good Day Chocolate produced a category of various chocolate supplements such as Energy and Calm, Sleep, Probiotic and Multivitamin for adults that support digestion wellness and daily health.
- In August 2018, TraceGains acquired Healthnotes. This merger would help the nutritive supplement market in sharing their standardized data with various suppliers of TraceGains supply chain network.
The global nutritive supplements market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nutritive supplements market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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