Global Vitamin Supplements Market Analysis Report 2021: North America Dominated the Market in 2020 with Revenue Share of over 30% – Yahoo Finance

Dublin, Dec. 30, 2021 (GLOBE NEWSWIRE) -- The "Vitamin Supplements Market Size, Share & Trends Analysis Report By Type (Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K), By Form, By Distribution Channel, And Segment Forecasts, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global vitamin supplements market size is expected to reach USD 71.37 billion by 2028. It is expected to expand at a CAGR of 6.2% from 2021 to 2028.

The market is predominantly driven by the growing awareness regarding the nutrition intake associated with health.

The nutraceutical industry is an evolving and dynamic sector, which offers novel opportunities to collaborate scientific discovery with the growing consumer interest in health-enhancing foods. It tracks and monitors consumer trends and relationships with mass distributors, thus the products developed in this industry are a response to direct demand. It is used to improve health, delay the aging process, prevent chronic diseases, increase life expectancy, and support the structuring and functioning of the body.

Awareness among consumers regarding health and wellness is shifting the trend toward the "Prevention is better than cure" ideology. This has resulted in more consumers relying on nutraceuticals, functional foods, and dietary and vitamin supplements to lead a healthy and disease-free life.

Nutraceuticals including vitamin supplements have received immense focus in the recent past owing to their nutritional and pharmaceutical benefits along with being safe for consumption without significant side effects. This has led to an explosive growth of the nutraceutical market across the globe.

Vitamin supplements are widely consumed as nutritional supplements across the world as they are useful in the treatment of various diseases and support overall immunity. The manufacturers operating in the market have witnessed an increase in demand due to the COVID-19 pandemic.

Vitamin Supplements Market Report Highlights

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On the basis of type, the multivitamin segment dominated the market in 2020 with a revenue share of over 40%. This is due to the high demand for a blend of vitamins for the overall improvement of health and wellness

In terms of form, gummies are expected to expand at the fastest CAGR of 7% from 2021 to 2028. It is a sweet jelly-like form, is easy-to-carry, and offers better taste, good mouth feel, and essential nutrients

Based on distribution channel, the online segment is expected to expand at the fastest CAGR of 6.9% from 2021 to 2028 as it provides ease of ordering the required supplements directly from the website, along with free shipping and home delivery services

North America dominated the market with a revenue share of over 30% in 2020. The increasing demand for functional food and health supplements among consumers is a major factor driving the market in the region

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Market Variables, Trends, and Scope3.1. Market Lineage3.2. Penetration & Growth Prospect Mapping3.3. Industry Value Chain Analysis3.3.1. Raw material trends3.3.2. Vitamin Supplements3.3.3. Procurement Best Practices3.3.4. Manufacturing trends3.3.5. Vendor Selection Criteria Analysis3.3.6. Technology overview3.4. Regulatory Framework3.5. Vitamin Supplements Market - Market Dynamics3.5.1. Market Driver Analysis3.5.2. Market Restraint Analysis3.5.3. Industry Challenges3.6. Business Environmental Tools Analysis: Vitamin Supplements Market3.6.1. Porter's Five Forces Analysis3.6.2. PESTLE Analysis3.7. Major Strategic Deals & Alliances

Chapter 4. Vitamin Supplements Market: Type Estimates & Trend Analysis

Chapter 5. Vitamin Supplements Market: Form Estimates & Trend Analysis

Chapter 6. Vitamin Supplements Market: Distribution Channel Estimates & Trend Analysis

Chapter 7. Vitamin Supplements Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Landscape8.1. Key Global Players, Their Initiatives, & Its Impact on the Market8.2. Vendor Landscape8.3. Company Market Position Analysis8.4. Company Dashboard Analysis8.5. Strategic Framework

Chapter 9. Company Profiles

Glanbia Plc

Pfizer Inc.

Bayer AG

Amway Corp.

GlaxoSmithKline plc.

Good Health New Zealand

The Nature's Bounty Co.

NOW Foods

Abbott

Herbalife Nutrition

Nature's Sunshine Products, Inc.

NU SKIN

RBK Nutraceuticals Pty Ltd.

American Health, Inc.

Pharmavite

For more information about this report visit https://www.researchandmarkets.com/r/v4yabs

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Global Vitamin Supplements Market Analysis Report 2021: North America Dominated the Market in 2020 with Revenue Share of over 30% - Yahoo Finance