Nutritional Supplements Market Trend, Growth, Size, Share and Forecast 2021-2027 / Amway, Abbott Nutrition, Nestlé
The nutritional supplements market is expected to grow at a CAGR of roughly 7% from 2021 to 2027.
NOIDA, UTTAR PRADESH, INDIA, Feb. 25, 2022 /EINPresswire.com/ — A comprehensive overview of the nutritional supplements market has recently been added by UnivDatos Market Insights to its massive database. The Nutritional Supplements report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunity. This innovative report uses several analyzes to get a clearer view of the nutritional supplements market. The Nutritional Supplements report offers a detailed analysis of the latest industry developments and market trending factors that are influencing market growth. Additionally, this statistical market research repository examines and estimates nutritional supplements globally and regionally. The nutritional supplements market is expected to grow at a CAGR of roughly 7% from 2021 to 2027.
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The prevalence of obesity and overweight is increasing dramatically around the world and has almost tripled since 1975. Obesity is one of the leading causes of death worldwide as obese people are prone to many health problems and serious diseases. For example, according to the CDC, more than 900,000 adult hospitalizations for COVID-19 occurred in the United States between the start of the pandemic and November 18, 2020. An estimated 271,800 (30.2%) of these hospitalizations were attributed to obesity. Globally, the number of people who are overweight or obese has reached epidemic proportions, fueling rising rates of non-communicable diseases. Lack of adequate nutrition is a key contributing factor to overweight and obesity. Hence, the growing awareness about the health benefits of nutritional supplements in the treatment of obesity and overweight is driving the growth of the market.
Impact of COVID-19
The use of nutritional supplements has been steadily increasing around the world and additionally, the sales of nutritional supplements have increased dynamically as a result of the coronavirus disease 2019 (COVID-19) in most of the countries, as it has been found that malnourished individuals are at a greater risk of various bacterial, viral and other infections.
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The Nutritional Supplements market report is studied thoroughly with several aspects which would help the stakeholders to make their decisions more carefully.
By product type, the market is primarily split into
• Food supplements
• Sports supplements
• Functional food
The functional food segment gathered a major nutritional supplement market share in 2020 and grabbed –% market share. The market for this segment is expected to experience robust growth as functional food ingredients provide health benefit beyond basic nutrition for external or internal health enhancement. The Academy of Nutrition and Dietetics classifies the three main functional foods such as natural products (vegetables, fruits, cereals, dairy products, fish and meat), fortified or fortified foods and synthetic food ingredients.
By Form, the market is primarily split into
The powders segment grabbed a major market in 2020. The strong commercial presence of these nutritional supplements in powder form and the increased preference for powders over soft gels across all age groups are some- one of the key factors contributing to the largest share of this market. segment. Additionally, increasing consumption of protein powders, green tea, vitamin supplement powders are driving the growth of the powders segment
Geographical segmentation of the nutritional supplements market includes:
• North America
• Asia Pacific
• Rest of the world
Based on the estimation, the Asia-Pacific region took a major market share in 2020. Rising awareness of healthy diets coupled with increasing consumer disposable income in countries such as India, China and Japan drive the market growth. However, the North America region would experience a considerable share as nearly 10% of the US population suffers from nutritional deficiencies. 10.5% of the population has a vitamin B6 deficiency, while 8.1% has a vitamin D deficiency, as revealed by the Centers for Disease Control and Prevention
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Key players targeting the market include
• Abbott Nutrition
• Archer Daniels Midland (SMA)
• American Health
• Arkopharma Pharmaceutical Laboratories
• Herbalife International of America, Inc.
• Glanbia plc.
The degree of competition between major regional companies has been worked out by analyzing several key players operating across the globe. The specialized team of research analysts shed light on various traits such as global market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by leading companies in the nutritional supplement market. Major players have been analyzed using research methodologies to get an overview of the global competition.
Key questions answered through this analytical market research report include:
• What are the latest trends, new patterns and technological advancements in the nutritional supplements market?
• What factors are influencing the nutritional supplements market during the forecast period?
• What are the global challenges, threats and risks in the nutritional supplements market?
• What factors are driving and restraining the nutritional supplements market?
• Which are the demanding Global Nutritional Supplements Market regions?
• What will be the size of the global market in the years to come?
• What are the critical market acquisition strategies and policies applied by global companies?
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