Food Supplements Market is expected to be worth US$ 382.4 Billion by 2034, with rising health and wellness awareness and an ageing population propelling market growth.

Published Date: June 2024

Food Supplements also known as dietary supplements, are products intended to supplement the diet and provide additional nutrients to support overall health and well-being. These supplements come in various forms, such as pills, capsules, tablets, powders, liquids, and gummies. They contain one or more dietary ingredients, which can include vitamins, minerals, amino acids, herbs, enzymes, and other substances. The primary purpose of food supplements is to fill nutritional gaps in a person's diet.

As people become more health-conscious and seek ways to support their well-being, the demand for Food Supplements Market has surged. Consumers are increasingly proactive about managing their health through diet and lifestyle, and supplements are seen as a convenient way to fill potential nutrient gaps.  Modern lifestyles, including busy schedules and reliance on processed and fast foods, can lead to inadequate nutrient intake. Food supplements offer a practical solution to address nutritional deficiencies and support overall health in a convenient manner.

The report “Food Supplements Market, By Type (Minerals, Vitamins, Prebiotics, Amino Acids, and Proteins), By End-Users (Men, Women, Children, and Senior Citizen), By Form (Pills, Tablet, Capsules, Powder, Liquid, and Soft gels), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights: 

  • In September 2022, Tata Consumer Products on Monday said it has entered the health supplements segment with the launch of a plant-based protein powder “Tata GoFit”. Tata GoFit, a women's health supplement line, is a plant-based, easy-to-mix product created with gut-friendly microorganisms. TCP's recent launch is consistent with the company's commitment to driving innovation, improving its wellness portfolio, and extending its total addressable market. Tata GoFit was created specifically for women, with a new and exclusive recipe that includes digestion-friendly enzymes and gut-friendly microorganisms.
  • In November 2022, Synergy Flavors launched an “Inspiring Fruits” collection, as an addition to the Synergy Pure range of natural extracts and essences, including flavors such as pear, sour cherry, peach, strawberry, raspberry and blackcurrant. As the essences are manufactured from high-quality raw materials, they are suitable for clean-label products such as beverages, dairy products, and desserts. Synergy has also worked closely with suppliers to offer British provenance with the raspberry, strawberry, and blackcurrant essences, as requests for provenance and transparency have increased.

Analyst View:

The growing focus on preventive healthcare and wellness is expected to drive the demand for food supplements. Consumers are becoming more proactive in managing their health and are seeking ways to optimize their well-being through dietary and lifestyle choices. The global aging population is likely to create a sustained demand for supplements targeting age-related health concerns. As people age, there is often an increased need for specific nutrients to support healthy aging, bone health, cognitive function, and immune system support.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Food Supplements Market, By Type (Minerals, Vitamins, Prebiotics, Amino Acids, and Proteins), By End-Users (Men, Women, Children, and Senior Citizen), By Form (Pills, Tablet, Capsules, Powder, Liquid, and Soft gels), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Food Supplements Market accounted for US$ 193.7 Billion in 2024 and is estimated to be US$ 382.4 Billion by 2034 and is anticipated to register a CAGR of 7.8%. Food Supplements Market is segmented based on Type, End-users, Form and Region.

  • Based on Type, Food Supplements Market is segmented into Minerals, Vitamins, Prebiotics, Amino Acids, and Proteins.
  • Based on End-Users, Food Supplements Market is segmented into Men, Women, Children, and Senior Citizen.
  • Based on Form, Food Supplements Market is segmented into Pills, Tablet, Capsules, powder, Liquid, and Soft gels.
  • By Region, the Food Supplements Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Food Supplements Market:

The prominent players operating in the Food Supplements Market includes, Nature's Products, Inc., Koninklijke DSM N.V., Direct Digital LLC, Bactolac Pharmaceutical, Inc., Superior Supplements, Inc, Balchem Corporation, Barrington Chemical Corporation, Lallemand Bio-Ingredients, Inc., Next Pharmaceuticals Inc, and Herbalife Nutrition Ltd.

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