The knowledge of market definition, classifications, applications and market trends can make a huge a difference in the Wellness Supplements Market. The Wellness Supplements Market is changing because of the key players and brands which make moves like developments, product launches, joint ventures, merges and accusations that in turns changes the view of the global face of industry.
The Global Wellness Supplements Market is expected to reach USD 384.30 Billion by 2025, from USD 204.72 million in 2017 growing at a CAGR of 6.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition:
Wellness supplements are essential for maintaining healthy life. Supplements contain all the minerals in ample amount to meet the daily requirement for healthy life. Food supplement contains Calcium, Vitamin D, Folic Acid and Vitamin B12. Food supplements can be used by pregnant women because they contain folic acid in ample amount which is an essential requirement for them. Pregnant or breastfeeding women should probably take a multi, but need to discuss this with their health care providers. Strict vegetarians (vegans) may not get enough vitamin B12, zinc and iron, which a multi can provide. People on prolonged, restrictive weight-loss diets (particularly ones that are very low in calories) or other special diets may fall far short in nutrients. This superfood powder contains 38 veggies, fruits, herbs, vitamins and more in every spoonful. It’s absolutely simple and delivers 38 healthy fruits, veggies, herbs, vitamins, enzymes and even probiotics in every spoonful.
Major Market Drivers and Restraints:
- Increasing awareness towards healthy lifestyles
- Increasing ageing population
- Raising disposable income in developing incomes
- Rising demands towards the healthy and cosmetic products
- Lack of traditional food categories
- High cost of supplement food products
- Regulatory issues
- Increasing incidence of health issues
Market Segmentation:
- The global wellness supplement market is segmented based on product and geographical segments.
- Based on product, the market is segmented into Dietary Supplements, Functional/Fortified Food & Beverages and Food intolerance products and Dermo-Cosmetic Skin Essentials. The dietary supplements segment is further sub-segmented on the basis of product into vitamin, minerals, proteins, and herbal supplement products. Functional/Fortified Food & Beverages is further segmented into Omega Fatty Acid Fortified Foods, Probiotic Fortified Food, Branded Iodinated Salt, Branded Wheat Flour, energy drinks, sports drinks, and fortified juices. Food intolerance products are further segmented into gluten free and lactose- free, diabetic food and other special milk products. Dermo-cosmetic skin essential is further segmented into anti-ageing food supplement, anti-cellulite and anti-acne supplements.
- Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Competitive Analysis:
The global wellness supplement 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 wellness supplement market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors:
Some of the major players operating in wellness supplement products market are:
- Nestle S.A. (Switzerland),
- Abbott Laboratories (U.S.),
- Amway (U.S.),
- Otsuka Holdings Co., Ltd. (Japan),
- Herbalife Ltd. (U.S.),
- Archer Daniels Midland Company (U.S.),
- Glanbiaplc (Ireland),
- NBTY, Inc. (U.S.),
- GNC Holdings Inc. (U.S.),
- Nu Skin Enterprises, Inc. (U.S.),
- GrupoOmnilife (Mexico),
- Forever Living (U.S.),
- Pola, Inc. (Japan),
- Shaklee Corporation (U.S.),
- Usana Health Sciences Inc. (U.S.),
- Pharmavite LLC,
- Nature’s bounty Inc.,
- Bayer Ag
- Omega Protein Corporation.
Reasons to Purchase this Report
- Current and future of global wellness supplement market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
- The report includes the complete segmentation displayed above across all above mentioned countries
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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