The Worldwide Nutritional Supplements Industry is Expected to Reach $505.4 Billion by 2028 – Yahoo Finance

DUBLIN, Sept. 22, 2021 /PRNewswire/ -- The "Global Nutritional Supplements Market Size, Share & Trends Analysis Report by Product (Sports Nutrition, Fat Burner, Dietary Supplements, Functional Foods), by Consumer Group, by Formulation, by Sales Channel, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The global nutritional supplements market size is expected to reach USD 505.4 billion by 2028. The market is expected to expand at a CAGR of 6.2% from 2021 to 2028. Growing awareness on health and wellbeing along with the growing prevalence of lifestyle diseases such as obesity and diabetes is driving the market. According to the Centers for Disease Control and Prevention, obesity prevalence was 30.5% in 1999 - 2000 which increased to 42.4% in 2017 - 2018. Consumers are actively treating chronic conditions at home with food and beverages. These chronic conditions are not only limited to lifestyle diseases such as diabetes and obesity but also include blood pressure, anxiety, depression, stress, and joint pain.

There is a rise in the consumption of immunity-boosting supplements among consumers due to the spread of COVID-19. This, in turn, is estimated to drive the market over the forecast period. Moreover, supporting government initiatives to promote a healthy lifestyle and nutrition is estimated to drive the market. For instance, in November 2020, the U.K. government announced its plans to roll out free Vitamin D supplements to the elderly and population who are deemed extremely vulnerable to COVID-19. Many studies suggest that vitamin D could have a positive impact on COVID-19 patients. Furthermore, in April 2017, the Government of Scotland distributed free vitamin supplements to pregnant women in Scotland.

The growing number of product launches, partnerships, and mergers and acquisitions is boosting the adoption of nutritional supplements. For instance, in February 2019, Tilray, Inc. a Canadian pharmaceutical and cannabis company, acquired Manitoba Harvest, a hemp food manufacturer. In October 2020, Health XP launched Shield Whey, a whey protein powder with immunity-boosting vitamins such as vitamin C, vitamin K, and vitamin E. In March 2020, PepsiCo announced the agreement to acquire Rockstar Energy Beverages for USD 3.9 billion.

Nutritional Supplements Market Report Highlights

Story continues

The functional foods segment dominated the market and accounted for the largest revenue share of 60.0% in 2020

The adults segment accounted for the largest revenue share in 2020, whereas the children segment is projected to witness the fastest CAGR during the forecast period

The powder segment accounted for the largest revenue share in 2020, whereas the capsules segment is projected to witness the fastest CAGR during the forecast period

Asia Pacific accounted for the largest revenue share in 2020 due to increasing awareness on health and wellness, growing disposable income, and availability of a large number of nutritional supplements in the region

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Global Nutritional Supplements Market Variables, Trends, & Scope3.1 Market Lineage Outlook3.1.1 Parent market outlook3.1.2 Related/ancillary market outlook3.2 Penetration and Growth Prospect Mapping3.3 Market Dynamics3.3.1 Market Driver Analysis3.3.2 Market Restraint Analysis3.3.3 Industry Challenges3.4 Global Nutritional Supplements Market Analysis Tools3.4.1 Industry Analysis - Porter's3.4.2 PESTEL Analysis3.4.3 Major Deals & Strategic Alliances Analysis3.5 User Perspective Analysis3.6 Reimbursement Framework3.7 Regulatory Framework

Chapter 4 Global Nutritional Supplements Market: Competitive Analysis4.1 Recent Developments & Impact Analysis, By Key Market Participants4.2 Company/Competition Categorization (Key innovators, market leaders, emerging players)4.3 Vendor Landscape4.3.1 Public Companies4.3.1.1 Company Market Position Analysis4.3.1.2 Company Market Ranking, By Region4.3.2 Private Companies4.3.2.1 Regional network map4.3.2.2 Company market position analysis

Chapter 5 Global Nutritional Supplements Market: Product Estimates & Trend Analysis5.1 Definitions & Scope5.2 Global Nutritional Supplements Market: Product Market Share Analysis, 2020 and 20285.3 Sports Nutrition5.4 Fat Burners5.5 Dietary Supplements5.6 Functional Food

Chapter 6 Global Nutritional supplements Market: Consumer Group Estimates & Trend Analysis6.1 Definitions & Scope6.2 Global Nutritional Supplements Market: Consumer Group Market Share Analysis6.3 Infants6.3.1 Infants market estimates and forecasts, 2016 - 2028 (USD Million)6.4 Children6.4.1 Children market estimates and forecasts, 2016 - 2028 (USD Million)6.5 Adults6.5.1 Adults market estimates and forecasts, 2016 - 2028 (USD Million)6.6 Pregnant6.6.1 Pregnant market estimates and forecasts, 2016 - 2028 (USD Million)6.7 Geriatric6.7.1 Geriatric market estimates and forecasts, 2016 - 2028 (USD Million)

Chapter 7 Global Nutritional supplements Market: Formulation Estimates & Trend Analysis7.1 Definitions & Scope7.2 Global Nutritional Supplements Market: Formulation Market Share Analysis7.3 Tablets7.3.1 Tablets market estimates and forecasts, 2016 - 2028 (USD Million)7.4 Capsules7.4.1 Capsules market estimates and forecasts, 2016 - 2028 (USD Million)7.5 Powders7.5.1 Powders market estimates and forecasts, 2016 - 2028 (USD Million)7.6 Softgels7.6.1 Softgels market estimates and forecasts, 2016 - 2028 (USD Million)7.7 Liquids7.7.1 Liquids market estimates and forecasts, 2016 - 2028 (USD Million)7.8 Others7.8.1 Others market estimates and forecasts, 2016 - 2028 (USD Million)

Chapter 8 Global Nutritional supplements Market: Sales Channel Estimates & Trend Analysis8.1 Definitions & Scope8.2 Global Nutritional Supplements Market: Sales Channel Market Share Analysis8.3 Brick & Mortar8.3.1 Brick & Mortar market estimates and forecasts, 2016 - 2028 (USD Million)8.3.1 Direct selling market estimates and forecasts, 2016 - 2028 (USD Million)8.3.2 Chemist/Pharmacist market estimates and forecasts, 2016 - 2028 (USD Million)8.3.3 Health food shops market estimates and forecasts, 2016 - 2028 (USD Million)8.3.4 Hypermarkets market estimates and forecasts, 2016 - 2028 (USD Million)8.3.5 Supermarkets market estimates and forecasts, 2016 - 2028 (USD Million)8.4 E-commerce8.4.1 E-commerce market estimates and forecasts, 2016 - 2028 (USD Million)

Chapter 9 Global Nutritional supplements Market: Regional Estimates & Trend Analysis, By Product, Consumer Group, Formulation and Sales Channel

Chapter 10 Competitive Landscape10.1 Amway10.1.1 Company overview10.1.2 Financial performance10.1.3 Product benchmarking10.1.4 Strategic initiatives10.2 Abbott Nutrition10.2.1 Company overview10.2.2 Financial performance10.2.3 Product benchmarking10.2.4 Strategic initiatives10.3 Nestle10.3.1 Company overview10.3.2 Financial performance10.3.3 Product benchmarking10.3.4 Strategic initiatives10.4 Herbalife International of America, Inc10.4.1 Company overview10.4.2 Financial performance10.4.3 Product benchmarking10.4.4 Strategic initiatives10.5 Glanbia plc.10.5.1 Company overview10.5.2 Financial performance10.5.3 Product benchmarking10.5.4 Strategic initiatives

For more information about this report visit https://www.researchandmarkets.com/r/a69jf6

Media Contact: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716

Cision

View original content:https://www.prnewswire.com/news-releases/the-worldwide-nutritional-supplements-industry-is-expected-to-reach-505-4-billion-by-2028--301383172.html

SOURCE Research and Markets

Here is the original post:

The Worldwide Nutritional Supplements Industry is Expected to Reach $505.4 Billion by 2028 - Yahoo Finance