Food Supplements Market worth US$ 281.8 Billion 2029 with a CAGR of 8.7 %
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Food supplements are rich sources of nutrients such as mineral, vitamins and other substances with a nutritional effect that are marketed in dose form such as pills, tablets, capsules, and liquids in measured doses. Food supplements consists of wide range of nutrients and other ingredients such as vitamins, minerals, amino acids, essential fatty acids, fiber and various plants, and herbal extracts. Food supplements are used to correct nutritional deficiency, intended to treat or prevent diseases in humans, and to modify physiological functions. They are not medicinal products and they don’t have a pharmacological, immunological, and metabolic action.?Food supplements are referred as foodstuffs that are source of nutrients, which add nutritional value in a normal diet. Food Supplements are combination of nutrients such as vitamins, minerals, herbs, amino acids, and calcium as along many more other substances delivered in the form of pills, tablets, capsules, and liquid. Food supplements help to overcome deficiencies intended to treat or prevent diseases in humans, and to modify physiological functions. The global food supplements market accounted for US$ 133.1 billion in 2020 and is estimated to be US$ 303.87 billion by 2030 and is anticipated to register a CAGR of 8.7%.
The report?"Food Supplements Market, by Type (Minerals, Vitamins, Prebiotics, Amino Acids, and Proteins), by End-Users (Men, Women, Children, and Senior Citizen), by Form (Pills, Tablet, Capsules, Powder, Liquid, and Softgels),?and Region - Global Forecast to 2029"?Global food supplements market?is projected to grow from US$ 133.1 billion in 2020?to US$ 281.8 billion by 2029. The global food supplements market is expected to register moderate growth over the forecast period. This is attributed to?increasing prevalence of strokes, heart attacks, obesity, diabetes, and atherosclerosis which leading to create demand for healthy diet, coupled with rising incidence of mal-nutrition in emerging economies has increased the demand for food supplements across the globe.
Key Highlights:
·????????In June 2018, Kora Organics has launched “Noni Glow Skinfood Supplement”. This is designed to support daily beauty and wellness.
Key Market Insights from the report:??????????
The global food supplements market accounted for US$ 133.1 billion in 2020 and is projected to register a moderate CAGR of 8.7% over the forecast period. The market report has been segmented on the basis of type, end-users, form, and region.
·????????By type, the global food supplements market is segmented into minerals, vitamins, prebiotics, amino acids, and proteins.
·????????By end-users, the global food supplements market is bifurcated into men, women, children, and senior citizen.
·????????By form, the global food supplements market is categorized into pills, tablet, capsules, powder, liquid, and softgels.
·????????By region,?North America food supplements?market accounted for major revenue share of the global food supplements market and is further anticipated to maintain its dominance over the forecast period, owing to?presence of prominent market players as well as increasing awareness regarding health benefits in countries of North America. The market in Europe is expected to account for second-highest revenue share in 2019.
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The prominent player operating in the global food supplements market includes?Nature's Products, Inc., Koninklijke DSM N.V., Direct Digital LLC,?Kora Organics,?Bactolac Pharmaceutical, Inc., Superior Supplements, Inc, Balchem Corporation, Barrington Chemical Corporation, Lallemand Bio-Ingredients, Inc., Next Pharmaceuticals Inc, and Herbalife Nutrition Ltd.
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