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Health Supplements Market Research Report Information By Type (Dietary Supplements, Bodybuilding Supplements, Eye Health Supplements, Specialty Supplements, Others), By Application (Cardiology, Rheumatic Disorders, Allergy, Others), By Ingredients (Vitamins & Minerals, Amino Acids, Botanicals, Enzymes, Others), By End-Users (Hospitals, Clinics, Research Centers, Other) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
Market Overview
The Health Supplements Market Size was valued at USD 7.5 billion and is projected to grow from USD 8.1825 Billion in 2023 to USD 16.4241 billion by 2032, exhibiting compound annual growth rate (CAGR) of 9.10% during the forecast period (2023 – 2032). The health supplements market has seen remarkable growth over the past decade, driven by increasing consumer awareness about health and wellness, rising disposable incomes, and a growing aging population. Health supplements include vitamins, minerals, botanicals, amino acids, enzymes, and other nutritional ingredients designed to supplement the diet and provide additional health benefits. These products are available in various forms such as tablets, capsules, powders, liquids, and gummies.
The demand for health supplements is fueled by several factors, including the prevalence of lifestyle diseases, the desire for preventive healthcare, and the influence of fitness and wellness trends. As a result, the market is characterized by a wide range of products catering to different health needs and preferences.
Market Segmentation
The global Health Supplements market has been segmented based on Type, Application, Ingredients and end-user.
On the basis of Type, the market is segmented into dietary supplements, bodybuilding supplements, eye health supplements, specialty supplements, and others. Due to the ageing population, rising healthcare expenditures, and growing interest in preventative health measures, the dietary supplement category has dominated the market.
Based on Application, the global Health Supplements market has been segmented into cardiology, rheumatic disorders, allergy, and others. Due to an increase in the prevalence of cardiac disorders and a rising understanding of the advantages of dietary supplements, the cardiology category has dominated the market.
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Based on Ingredients, the global Health Supplements market has been segmented into vitamins & minerals, amino acids, botanicals, enzymes, and others. Due to the increasing number of new multivitamin supplement launches, rising consumer interest in general wellbeing, and rising awareness of lifestyle problems, vitamins and minerals led the market.
Based on end-user, the global Health Supplements market has been segmented into hospitals, clinics, research centers, and others. With the rise in chronic disease patients and the preference for preventative healthcare practises, hospitals controlled the market.
Key Players Analysis
MRFR recognizes the following companies as the key players in the global Health Supplements market—
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Regional Analysis
The global Health Supplements market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Health Supplements market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Health Supplements market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Health Supplements market comprises of Middle East, Africa, and Latin America.
The North American Health Supplements Market dominated this market in 2022. The market expansion in this region will be boosted by strong consumer purchasing power, a thriving health and wellness sector, and the existence of the newest self-care trends.
Additionally, the second-largest market share for Health Supplements is held by Europe’s. because the demand for dietary supplements in this region is expected to be driven by rising lifestyle disorders and cardiac health problems. Additionally, the UK health supplement market grew the fastest in the European region, while the German health supplement industry had the biggest market share.
Moreover, From 2023 to 2032, the health supplement market in Asia-Pacific is anticipated to expand at the quickest CAGR. This is a result of rising per capita income in the region driving up spending on health-improving goods. The health supplement market in China had the biggest market share, and the market in India had the quickest rate of growth in the Asia-Pacific region.
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