New York, NY, July 15, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Dietary Supplements Market by Ingredients (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes) for Additional Supplements, Medicinal Supplements and Sports Nutrition Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”.
According to the report, the global dietary supplements market stood at US$ 132.8 billion in 2016. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this dietary supplements market is set to reach US$ 220.3 billion by the end of the forecast period. The main types available in this dietary supplements market are botanicals, amino acids, vitamins, enzymes, and minerals.
Citing an instance, in August 2018, TraceGains, compliance software information provider for food & beverage firms, acquired Healthnotes, a firm that offers regulatory & customer education to dietary supplement producers & retailers. Analysts project that the merger will help the dietary supplements market in sharing standardized data with many suppliers present on TraceGains supply chain network.
Browse through 29 Tables & 35 Figures spread over 110 Pages and in-depth TOC on “Dietary Supplements Market by Ingredients (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes) for Additional Supplements, Medicinal Supplements and Sports Nutrition Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”.
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Dietary supplements include vitamins, minerals, herbals, amino acid, and various other products. Dietary supplements come in a number of forms such as capsule, powder, tablets, energy bars, and drinks. Popular dietary supplements include vitamins D and E; minerals like calcium and iron; herbs such as Echinacea and garlic; and specialty products like glucosamine, probiotics, and fish oils. Some dietary supplements are beneficial for overall health. For instance, calcium and vitamin D are important for keeping bones strong and reducing bone loss and folic acid decreases the risk of some birth defects.
With the presence of a large pool of participants, the global dietary supplements market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Bio-Botanica Inc., Bayer AG, BASF SE, Ricola AG, Herbalife Ltd, and Integrated BioPharma are some of the key vendors of dietary supplements across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the dietary supplements market study.
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The worldwide market for dietary supplements is expected to grow at a significant rate owing to raising awareness towards calorie reduction and weight loss. Furthermore, increasing the importance of proteins among consumers in emerging markets including India and China on account of implementation of new marketing campaigns for brand promotions by companies Pfizer and Amway is expected to boost the market within the forecast period. Additionally, increasing the dominance of fitness and sports along with new product launches is likely to have a significant impact on the industry in the near future.
Global dietary supplements market has been segmented on the basis of the ingredient, application, and region. On the basis of the ingredient, dietary supplements market is classified into botanicals, vitamins, minerals, amino acids, enzymes. In 2016, the vitamin was the largest ingredient segment in the dietary supplement market owing to their ability to be readily excreted by kidneys. Botanical extracts are expected to grow as fast in coming years due to the rising prominence of herbs for the prevention of physical as well as mental disorders in the human body.
This review is based on a report by Zion Market Research, titled “Dietary Supplements Market by Ingredients (Botanicals, Vitamins, Minerals, Amino Acids, and Enzymes) for Additional Supplements, Medicinal Supplements, and Sports Nutrition Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022.“- Report at http://www.zionmarketresearch.com/report/dietary-supplements-market
On the basis of the application, the market is classified into an additional supplement, medicinal supplement, sports nutrition applications. Additional supplements held the largest market share in 2016 owing to rising awareness towards weight loss and maintenance of a healthy lifestyle among adults and old-aged people in emerging countries. Sports nutrition application segment also registers a considerable growth in the forecast period. Growing demand for energy drinks prepared with egg and whey protein among sports professionals is expected to augment dietary supplements consumption over the next few years.
Enhanced Awareness About Preventive Healthcare To Impel Business Space
“Rising consumer awareness about preventive healthcare and the rapidly rising geriatric populace is likely to contribute substantially towards the dietary supplements market revenue over the coming years,” says the author of this dietary supplements market study. Apart from this, the massive impact of mass media communications & advertisement witnessed in the pharmaceutical & retail sectors will generate lucrative demand for the industry. Furthermore, the introduction of a new dietary supplement product is predicted to open new growth dimensions for the dietary supplements market in the near future.
Negative publicity and false claims regarding product use have adversely impacted the credibility & reputation of the manufacturers, thereby hampering the popularity of dietary supplements.
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Widespread Product Availability to Steer Asia Pacific’s Regional Dominance
Regionally, Asia Pacific has been leading the worldwide dietary supplements market and is anticipated to continue on the dominant position in the years to come, states the dietary supplements market study. Large-scale product availability and growing awareness among the customers about the benefits of its consumption is the main factor behind the dominance of the Asia Pacific dietary supplements market. For the record, APAC contributed over 31% of dietary supplements market share in terms of volume in 2016.
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The global dietary supplements market is segmented as follows:
- Amino Acids
- Additional Supplement
- Medicinal Supplement
- Sports Nutrition
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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