Wellness Supplements Market Analysis By Dietary Supplements(Vitamins, Minerals, Botanicals, Probiotics, Fatty Acids, Proteins), By Functional Food & Beverages(Functional Bakery and Confectionary, Functional Dairy, Energy Drink, Sports Drink, Infant Formula and Baby Food), By Consumer Groups(Infants, Children, Adults, Pregnant, Geriatric) & Forecast 2024-2035
- PUBLISHED ON
- 9/22/2022
- NO OF PAGES
- 286
- CATEGORY
- Healthcare & Life Sciences
The global wellness supplements market size was valued at USD 151.9 billion in 2021 and is projected to reach around USD 390.0 billion in 2030 exhibiting a CAGR of 9.0% in the forecasted period.
The growing consumer awareness concerning personal health and wellbeing, increasing dependence on the supplements to fulfil the nutrient requirement owing to their high accessibility are fuelling the market growth. Moreover, rising geriatric population, growing interest in preventive healthcare, and developing interest in attaining wellness over diet are anticipated to augment market growth over the forecast period.
Increasing spending on healthcare products, the rising geriatric population, rising interest in preventive healthcare, and growing interest in attaining wellness through diet are expected to augment market growth over the forecast period. Several health clubs, fitness centers, and gymnasiums coupled with rising awareness about fitness among the youths is projected to grow the demand for energy and weight management. Rising acceptance of sports as a career is estimated to grow the demand for sports nutrition which in turn profits the market for wellness supplements.
The first-time outbreak of the COVID-19 pandemic has largely affected North America and European countries such as the US, the UK, Italy, Spain, France, and Germany. The wellness supplement industry is largely concentrated in these regions which in turn aided from the situation as the market witnessed a surge in demand for immunity-boosting supplements.
In the middle of the global pandemic, consumers required extra protections from viral disease and infections based on the awareness regarding the supplement that it provides several health benefits and has immune-boosting properties if consumed. Furthermore, in the U.S. before the pandemic, the sales of wellness supplement sales augmented by 5% in 2019 compared to the 2018. However, there was a 44% rise in sales in first quarter of the primary wave of the pandemic, comparative to the same period in 2019. Consequently, COVID19 pandemic has brought multifold growth towards the wellness supplements market.
Dietary Supplements Insights
Vitamin wellness supplements segment has generated a revenue share of more than 30% and dominated the global wellness supplements market in 2020. The rapid growth in the adoption of supplements has offered a huge growth opportunity to the wellness supplements brands that has fostered the growth of the vitamin segment.
The protein segment is anticipated to be the fastest-growing segment during the forecasted period. Due to the growth elderly population number, the need and demand for supplements like added wellness nutritional is growing, as the consumers are considering for enhanced sources in order to permit the body to obtain comprehensive nourishment. Moreover, rise in expenditure over these products especially among baby boomers generally drives the market growth of the proteins wellness supplements. Energy and weight management product companies are lately focusing more on integrating nutraceutical ingredients to improve the nutritional value of the products. It has increased the demand for the fibres and specialty carbohydrates that are incomprehensible by humans but help to decrease cholesterol levels, weight management, and control blood sugar level.
Functional Food & Beverages Insights
Sports drink is the leading market segment. The sports drinks that contain protein helps maintain lean muscles in athletes, and encourage building of new muscles in bodybuilders and while products containing electrolytes, carbohydrates, minerals, and other nutrients aids in energy, hydration, and nutrition to the body.
Infant formula is the fastest booming segment, change in lifestyle, increase in middle class population, growing disposable income in developing nations such as India, Indonesia, China, and increase in awareness about great nutritional content in the infant formula turns to be the fastest increasing segment of the market.
Region Insights
North America leads the wellness supplements market owing to the rise in the aging population. Additionally, the increasing health consciousness and awareness among customers is expected to further propel the wellness supplements market growth in the region during the forecasted period. Moreover, Asia-Pacific is projected to have substantial growth rate in the market of wellness supplements due to the dynamic consideration of the customers towards recovered and fit lifestyles. Additionally, the rising awareness concerning wellness products and upsurge in the buying power is further projected to fuel the wellness supplements market growth in the region.
On the other hand, Asia Pacific is anticipated to register a stable growth pace during the forecasted period. The growth of the region is majorly contributed by the shifting focus of the consumer towards improved lifestyles along with the increasing awareness and approval regarding wellness products. The rising consumer disposable income is further boosting the uptake of wellness supplements in the region.
Key Companies Insights
Key players are aiming on their technological partnerships, collaborations, and merger & acquisitions policies to gain a competitive edge and expand their product portfolio & business footmark. The ongoing COVID-19 pandemic hindered the healthcare systems worldwide and driven market players to update products for unexploited prospects.
Some of the key players operating in the global wellness supplements market include:
· Life Extension
· OPTAVIA LLC
· Beachbody LLC
· Nature's Sunshine Products, Inc.
· Organo Gold
· Thrive Life, LLC
· Phytoscience Trévo
· Oriflame Cosmetics AG
· Melaleuca Inc
· Amway
· Shaklee Corporation
· Arbonne International, LLC
· Forever Living.com
· Juice Plus+
· Abbott
· Herbalife International of America, Inc
· Isagenix Worldwide LLC
· Nikken Inc
· Wellness Resources, Inc
· The Daily Wellness Company
· Otsuka Holdings Co. Ltd
· Glanbia plc
· Nestle
· Nuskin
· USANA Health Sciences
· Other players
Some of the Recent Developments:
· In February 2018, Archer Daniels Midland Company (ADM) signed an agreement with Cargill to initiate a joint venture for offering soybean meal and oil for customers in Egypt.
· In September 2017, Archer Daniels Midlands Company (ADM) collaborated with Mayo Clinic for personalized nutrition products.
Segments
By Dietary Supplements
· Vitamins
· Minerals
· Botanicals
· Probiotics
· Fatty Acids
· Proteins
· Others
By Functional Food & Beverages
- Functional Bakery and Confectionary
- Functional Dairy
- Energy Drink
- Sports Drink
- Infant Formula and Baby Food
- Others
By Consumer Groups
· Infants
· Children
· Adults
· Pregnant
· Geriatric
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Frequently Asked Questions
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Wellness Supplements Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Wellness Supplements
1.3 Wellness Supplements Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Wellness Supplements
1.4.2 Applications of Wellness Supplements
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Nestle Market Performance Analysis
3.1.1 Nestle Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Nestle Sales, Value, Price, Gross Margin 2016-2021
3.2 Herbalife Market Performance Analysis
3.2.1 Herbalife Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Herbalife Sales, Value, Price, Gross Margin 2016-2021
3.3 NU Skin Enterprises Market Performance Analysis
3.3.1 NU Skin Enterprises Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 NU Skin Enterprises Sales, Value, Price, Gross Margin 2016-2021
3.4 Otsuka Holdings Market Performance Analysis
3.4.1 Otsuka Holdings Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Otsuka Holdings Sales, Value, Price, Gross Margin 2016-2021
3.5 GNC Holdings Market Performance Analysis
3.5.1 GNC Holdings Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 GNC Holdings Sales, Value, Price, Gross Margin 2016-2021
3.6 Glanbia Market Performance Analysis
3.6.1 Glanbia Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Glanbia Sales, Value, Price, Gross Margin 2016-2021
3.7 Nbty Market Performance Analysis
3.7.1 Nbty Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Nbty Sales, Value, Price, Gross Margin 2016-2021
3.8 Abbott Market Performance Analysis
3.8.1 Abbott Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Abbott Sales, Value, Price, Gross Margin 2016-2021
3.9 Archer Daniels Midland Market Performance Analysis
3.9.1 Archer Daniels Midland Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Archer Daniels Midland Sales, Value, Price, Gross Margin 2016-2021
3.10 Amway Market Performance Analysis
3.10.1 Amway Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Amway Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Wellness Supplements Production and Value by Type
4.1.1 Global Wellness Supplements Production by Type 2016-2021
4.1.2 Global Wellness Supplements Market Value by Type 2016-2021
4.2 Global Wellness Supplements Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Dietary Supplements Market Production, Value and Growth Rate
4.2.2 Functional Food & Beverages Market Production, Value and Growth Rate
4.2.3 Food Intolerance Market Production, Value and Growth Rate
4.2.4 Dermo-Cosmetic Skin Essentials Market Production, Value and Growth Rate
4.3 Global Wellness Supplements Production and Value Forecast by Type
4.3.1 Global Wellness Supplements Production Forecast by Type 2021-2026
4.3.2 Global Wellness Supplements Market Value Forecast by Type 2021-2026
4.4 Global Wellness Supplements Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Dietary Supplements Market Production, Value and Growth Rate Forecast
4.4.2 Functional Food & Beverages Market Production, Value and Growth Rate Forecast
4.4.3 Food Intolerance Market Production, Value and Growth Rate Forecast
4.4.4 Dermo-Cosmetic Skin Essentials Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Wellness Supplements Consumption and Value by Application
5.1.1 Global Wellness Supplements Consumption by Application 2016-2021
5.1.2 Global Wellness Supplements Market Value by Application 2016-2021
5.2 Global Wellness Supplements Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Home Care Market Consumption, Value and Growth Rate
5.2.2 Hospital Market Consumption, Value and Growth Rate
5.2.3 Chemical Market Consumption, Value and Growth Rate
5.3 Global Wellness Supplements Consumption and Value Forecast by Application
5.3.1 Global Wellness Supplements Consumption Forecast by Application 2021-2026
5.3.2 Global Wellness Supplements Market Value Forecast by Application 2021-2026
5.4 Global Wellness Supplements Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Home Care Market Consumption, Value and Growth Rate Forecast
5.4.2 Hospital Market Consumption, Value and Growth Rate Forecast
5.4.3 Chemical Market Consumption, Value and Growth Rate Forecast
6 Global Wellness Supplements by Region, Historical Data and Market Forecasts
6.1 Global Wellness Supplements Sales by Region 2016-2021
6.2 Global Wellness Supplements Market Value by Region 2016-2021
6.3 Global Wellness Supplements Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Wellness Supplements Sales Forecast by Region 2021-2026
6.5 Global Wellness Supplements Market Value Forecast by Region 2021-2026
6.6 Global Wellness Supplements Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Wellness Supplements Value and Market Growth 2016-2021
7.2 United State Wellness Supplements Sales and Market Growth 2016-2021
7.3 United State Wellness Supplements Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Wellness Supplements Value and Market Growth 2016-2021
8.2 Canada Wellness Supplements Sales and Market Growth 2016-2021
8.3 Canada Wellness Supplements Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Wellness Supplements Value and Market Growth 2016-2021
9.2 Germany Wellness Supplements Sales and Market Growth 2016-2021
9.3 Germany Wellness Supplements Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Wellness Supplements Value and Market Growth 2016-2021
10.2 UK Wellness Supplements Sales and Market Growth 2016-2021
10.3 UK Wellness Supplements Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Wellness Supplements Value and Market Growth 2016-2021
11.2 France Wellness Supplements Sales and Market Growth 2016-2021
11.3 France Wellness Supplements Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Wellness Supplements Value and Market Growth 2016-2021
12.2 Italy Wellness Supplements Sales and Market Growth 2016-2021
12.3 Italy Wellness Supplements Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Wellness Supplements Value and Market Growth 2016-2021
13.2 Spain Wellness Supplements Sales and Market Growth 2016-2021
13.3 Spain Wellness Supplements Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Wellness Supplements Value and Market Growth 2016-2021
14.2 Russia Wellness Supplements Sales and Market Growth 2016-2021
14.3 Russia Wellness Supplements Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Wellness Supplements Value and Market Growth 2016-2021
15.2 China Wellness Supplements Sales and Market Growth 2016-2021
15.3 China Wellness Supplements Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Wellness Supplements Value and Market Growth 2016-2021
16.2 Japan Wellness Supplements Sales and Market Growth 2016-2021
16.3 Japan Wellness Supplements Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Wellness Supplements Value and Market Growth 2016-2021
17.2 South Korea Wellness Supplements Sales and Market Growth 2016-2021
17.3 South Korea Wellness Supplements Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Wellness Supplements Value and Market Growth 2016-2021
18.2 Australia Wellness Supplements Sales and Market Growth 2016-2021
18.3 Australia Wellness Supplements Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Wellness Supplements Value and Market Growth 2016-2021
19.2 Thailand Wellness Supplements Sales and Market Growth 2016-2021
19.3 Thailand Wellness Supplements Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Wellness Supplements Value and Market Growth 2016-2021
20.2 Brazil Wellness Supplements Sales and Market Growth 2016-2021
20.3 Brazil Wellness Supplements Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Wellness Supplements Value and Market Growth 2016-2021
21.2 Argentina Wellness Supplements Sales and Market Growth 2016-2021
21.3 Argentina Wellness Supplements Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Wellness Supplements Value and Market Growth 2016-2021
22.2 Chile Wellness Supplements Sales and Market Growth 2016-2021
22.3 Chile Wellness Supplements Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Wellness Supplements Value and Market Growth 2016-2021
23.2 South Africa Wellness Supplements Sales and Market Growth 2016-2021
23.3 South Africa Wellness Supplements Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Wellness Supplements Value and Market Growth 2016-2021
24.2 Egypt Wellness Supplements Sales and Market Growth 2016-2021
24.3 Egypt Wellness Supplements Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Wellness Supplements Value and Market Growth 2016-2021
25.2 UAE Wellness Supplements Sales and Market Growth 2016-2021
25.3 UAE Wellness Supplements Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Wellness Supplements Value and Market Growth 2016-2021
26.2 Saudi Arabia Wellness Supplements Sales and Market Growth 2016-2021
26.3 Saudi Arabia Wellness Supplements Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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