Market Synopsis
According to Market Research Future (MRFR), the Global Multivitamin Capsules and Tablets Market is anticipated to acquire the market value of USD 20,706.3 million while expanding at a CAGR of 6.33% by 2025.
The global multivitamin capsules and tablet industry is expected to proclaim a significant rise due to the growing health consciousness and expansion of fitness centers. The increasing positive aspect towards multivitamin capsules due to the surging cases of cardiovascular ailments can augment the trade during the assessment period. The growing importance of e-commerce portals as a selling platform for nutraceutical manufacturers is likely to propel the market expansion in the forthcoming tenure. Furthermore, the surging cases of malnutrition among infants are likely to significantly strengthen the multivitamin capsules and tablet industry.
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Competitive Dashboard
Eminent players of the Global Multivitamin Capsules and Tablets Industry are LLC (US), Glanbia plc (Ireland), The Nature’s Bounty Co. (US), Herbalife Nutrition Ltd. (US), Amway Corp (US), Abbott Laboratories (US), Bayer AG (Germany), Otsuka Holdings Co., Ltd (Japan), GlaxoSmithKline plc (UK), Nature’s Way Products, and Nu Skin Enterprises, Inc. (US)
Market Segmentation
The segmental analysis of Global Multivitamin Capsules and Tablets Industry is done by distribution channel and end-user.
The end user-based segments of the global Multivitamin Capsules and Tablets Industry are men, women, and unisex. Among all segments, the global market is anticipated to be dominated by the unisex segment during the forecast period. The growing vitamin deficiency caused due to poor diet is likely to be a significant factor driving the segment.
Regional Analysis
Based on the region, the global market for Multivitamin Capsules and Tablets Industry is segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
North America is predicted to acquire significant market share during the forecast period owing to the increasing adverse health condition among the expanding population. The region is expected to be a lucrative market due to the presence of key players. Furthermore, the growing focus on preventive healthcare is projected to augment the regional market in the coming period.
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