Health Supplements Market By Type (Dietary Supplements, Body Building Supplements, Eye Health Supplements, Specialty Supplements, and Others), By Ingredients, By Application, and By Region Trends, Analysis, and Forecast till 2029

The health supplement is a product that contains health ingredient such as vitamins, amino acids, minerals, botanicals, enzymes, and many other products in the form of capscules, tablets, soft gels, liquids, gelcaps, or powders for implementing further nutritional value to the body. Today majority of the adults across the globe consume health supplements to improve their health. 

Health supplements are used to reduce the risk of diseases. However, it cannot be considered as an alternative to a complete meal, which is essential for a healthy diet. Health supplements also help in the treatment of cardiology, rheumatic disorders, and allergy. Therefore, a wide range of applications propels the growth of global health supplements market. Moreover, growing concern towards improving the quality of health is driving the growth of health supplements market worldwide. According to the data published by the Council for Responsible Nutrition, in 2015, nearby 68% of Americans take dietary supplements and 84% of Americans are confident about the quality, safety, and effectiveness of the supplements.

Furthermore, increasing urbanization, rising awareness about the functional benefits of health supplements, and changing lifestyles are factors influencing the market growth of health supplements. Additionally, rising concerns about the maintenance of health to avoid later treatment, treating illnesses, ensuring adherence to recommended dietary requirements, developing pharmaceutical and retail industries, and rapid advancements in product offerings also influence growth of the target market.

However, Lack of awareness about the dosage of the supplements to be consumed is projected to hamper the growth of the health supplements market over the forecast period. Moreover, negative publicity and false commitment are some of the factors, which may restrain market growth.

The global health supplements market is segmented based on the type, ingredients, application, end-user, and region.

On the basis of the type, the global health supplements market is segmented into dietary supplements, bodybuilding supplements, eye health supplements, speciality supplements, and others. Based on the ingredients, the target market is segmented into vitamins & minerals, amino acids, botanicals, enzymes, and others. Based on the application, the target market is classified into cardiology, rheumatic disorders, allergy, and others. Based on the end-user, the target market is classified into adults, geriatric, pregnant women, children, and infants.

In the region, the global health supplements market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the global health supplements market due to availability of major market players in this region, which are launching quality products for capturing the largest market share. Also, the government support for research & development and presence of funds for research is fueling the health supplements market. For instance, the U.S. and Canada countries are growing their investments in the healthcare domain. Europe accounts the second position in the global health supplements market due to the increasing awareness about the benefits of health supplements, presence of advanced products, high healthcare spending, and rising government support for research & development. Likewise, the concentration of major companies and increased R&D activities in this region have driven the growth of this market. The Asia Pacific is the fastest expanding health supplements market due to the huge patient population, availability of rapidly developing healthcare technology, and high healthcare expenditure. On the other hand, in the Middle East and Africa, the market has a slow growth due to the lack of healthcare awareness and available funds.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029.  For the purpose of this study, has segmented the global health supplements market report based on type, ingredients, application, end-user, and region.

Global Health Supplements Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the global health supplements market include Herblife International, BASF SE, The Nature's Bounty Co., Bayer AG, E. I. du Pont de Nemours and Company, Amway, Glanbia plc, Abbott Laboratories, Alticor, Inc., and GlaxoSmithKline Limited. Mergers and acquisitions, strategic divestments, and new product launches are the key strategies implemented by the manufacturers to enlarge their customer base. For instance, in June 2018, BASF and Xerion have entered into a three-year agreement to take personalized nutrition to the next level in Asia Pacific. In this collaboration, BASF’s human nutrition brand, Newtrition, will have the exclusive distribution rights to market PUFAcoatTM Omega-3 Index test kits, Xerion’s proprietary dried blood spot technology.

• Herblife International
• BASF SE
• The Nature's Bounty Co.
• Bayer AG
• E. I. du Pont de Nemours and Company
• Amway
• Glanbia plc
• Abbott Laboratories
• Alticor, Inc.
• GlaxoSmithKline Limited