The global vitamins and mineral supplements market is expected to grow from $51.70 billion in 2019 to 61.16 billion in 2020 at a rate of 18.3%. The dietary supplement market – particularly the sale of vitamins and mineral supplements – is skyrocketing during the COVID-19 pandemic. Vitamins and mineral supplements are seen as a proportion of control and are used by people to build their immunity to keep themselves healthy. Vitamins and minerals positively affect the health and wellness of the population. The market is then expected to stabilize and reach $74.61 billion in 2023 at a rate of 6.85%.
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The vitamins and mineral supplements market consists of sales of vitamins and mineral supplements that improve the health and wellness of the population. The sales comprise of revenue generated by the establishments manufacturing vitamins and minerals. Vitamins and mineral supplements are available without a prescription and come in tablets, powders or liquids and provide sufficient vital nutrients and minerals that preserve or boost an individual’s health.
Global Vitamins And Mineral Supplement Market Segmentation –
The vitamins and mineral supplements global market report is segmented:
1) By Type: Multivitamin, Single Vitamin, Multi Mineral
2) By Application: Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Others.
3) By Distribution Channel: Pharmacies & Drug Stores, Supermarkets & Hypermarkets, Online Channels.
4) By End-User: Adults, Geriatric, Pregnant Women, Children, Infants.
Global Vitamins And Mineral Supplement Market Driver –
The growing use of dietary supplements in the modern lifestyle is a key factor driving the growth of the vitamins and mineral supplement market. A nutritional focus on the immune system could help minimize the impact of the current COVID-19 and other infections. Therefore, the implementation of dietary supplements in the lifestyle is expected to drive the growth of the vitamins and mineral supplement market.
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Few Points From The Global Vitamins And Mineral Supplement Market TOC
1. Executive Summary
2. Vitamins And Mineral Supplement Market Characteristics
3. Vitamins And Mineral Supplement Market Size And Growth
3.1. Global Vitamins And Mineral Supplement Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Vitamins And Mineral Supplement Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Vitamins And Mineral Supplement Market Segmentation
5. Vitamins And Mineral Supplement Market Regional And Country Analysis
5.1. Global Vitamins And Mineral Supplement Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Vitamins And Mineral Supplement Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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