Wellness Supplements Market Speeds Towards Exponential Growth

The global wellness supplements market size is expected to be valued at USD 207.2 thousand units in 2024 and reach USD 282.6 thousand units by 2029, growing at a CAGR of 6.4% from 2024 to 2029.

Global Wellness Supplements Market Report Scope:
• Market Size (2029): USD 282.6 thousand units
• Market Size (2024): USD 207.2 thousand units
• CAGR (2024 to 2029): 6.4%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Product and Region
• Geographies Covered: North America, Europe, APAC, Latin America, Middle East & Africa
• Key Market Players Profiled: Nestle, Abbott Laboratories, Amway, Otsuka Holdings, Herbalife, Archer Daniels Midland Company, Glanbia, NBTY, GNC Holdings, Nu Skin Enterprises and Others. Are playing a dominant role in the global wellness supplements market

The wellness supplements market share is growing at a faster rate with the increasing awareness of taking supplements that maintain good health and lower the risk of various diseases like cardiovascular and others. Increasing consumer concentration on maintaining health and well-being across the world is greatly influencing the growth rate of the market. Also, the rising number of elderly people across the world is ascribed to showcase the huge growth opportunities for the market. Geriatric people are prone to several illnesses due to their immune systems. Therefore, the use of wellness supplements can help to lead a quality lifestyle. According to the latest survey, around 83% of the elderly population use supplements irrespective of other prescribed medications. The need to provide nutritional requirements to elderly people is growing thoroughly in both developed and emerging countries. Advancements in healthcare are adding to the lifespan of humans, which is essentially increasing the demand for high nutritional supplements for the geriatric population. For instance, according to WHO (World Health Organization), the number of people aged above 65 years is expected to rise by 1.4 billion by the end of 2030. Companies are focusing on increasing the production rate of wellness supplements from now on and supplying them across the world without any shortages. These statistics are inclined to positively impact the growth rate of the wellness supplements market. The rising economy and increasing prevalence of investing in healthcare expenses, even in developing countries, are eventually enhancing the market size. Nowadays, people are more likely to use dietary supplements not for the cure of certain diseases but to prevent the occurrence of chronic diseases, which is adding fuel to the value of wellness supplements. Social media influencers are also one of the common factors for the market growth rate as they are creating strong awareness among the public over the benefits of supplements in a sedentary lifestyle.

Government norms in approving the new products launched by companies for public safety are acting as a barrier for many companies to launch the products. Difficulty in the availability of raw materials is another key factor that is ascribed to degrade the growth rate of the wellness supplements market. Supply chain disruptions are majorly affecting the availability of raw materials, increasing the cost of raw materials. The fluctuations in these prices are accounted for by the decline in the growth rate of the market to some extent.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/wellness-supplements-market.

Key Insights from the Report:

• By Product, Dietary Supplements occupy a dominant position in the wellness supplements market in 2023
• In North American region led the market in 2023 and is expected to dominate the worldwide market during the forecast period.
• Nestle, Abbott Laboratories, Amway, Otsuka Holdings, Herbalife, Archer Daniels Midland Company, Glanbia, NBTY, GNC Holdings, Nu Skin Enterprises, and Others.

SEGMENTATION INCLUDED IN THIS REPORT:
By Product:
• Dietary Supplements
• Fortified Food & Beverages
• Food Intolerance Products
• Dermo-Cosmetic Skin Essentials
By Region:
• North America
• Europe
• APAC
• Latin America
• Middle East & Africa

Browse Regional Reports:
North American wellness supplements market Research Report - segmented by Product and Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/na-wellness-supplements-market

Europe wellness supplements market Research Report - segmented by Product and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, and the Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-wellness-supplements-market

APAC wellness supplements market Research Report - Segmented By Product & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029 ) - https://www.marketdataforecast.com/market-reports/apac-wellness-supplements-market

Latin America wellness supplements market Research Report - segmented by Product & Country (Brazil, Argentina, Chile, and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/la-wellness-supplements-market

Middle East & Africa wellness supplements market Research Report - Segmented By Product & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029 - https://www.marketdataforecast.com/market-reports/mea-wellness-supplements-market

TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year, and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemiology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Dietary Supplements
5.1.2.1 Vitamin
5.1.2.2 Mineral
5.1.2.3 Protein And Herbal
5.1.3 Fortified Food & Beverages
5.1.3.1 Omega Fatty Acid
5.1.3.2 Probiotic Food
5.1.3.4 Branded Iodinated Salt
5.1.3.5 Branded Wheat Flour
5.1.3.6 Energy Drinks
5.1.3.7 Sports Drinks
5.1.3.8 Fortified Juices
5.1.4 Food Intolerance Products
5.1.4.1 Gluten-free
5.1.4.2 Lactose-free
5.1.4.3 Diabetic Food
5.1.5 Dermo-Cosmetic Skin Essentials
5.1.5.1 Anti-Aging
5.1.5.2 Anti-Cellulite
5.1.5.3 Anti-Acne Supplements
5.1.6 Y-o-Y Growth Analysis, By Product
5.1.7 Market Attractiveness Analysis, By Product
5.1.8 Market Share Analysis, By Product
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five Analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Nestle
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Abbott Laboratories
8.3 Amway
8.4 Otsuka Holdings
8.5 Herbalife
8.6 Archer Daniels Midland Company
8.7 Glanbia Inc.
8.8 NBTY Inc.
8.9 GNC Holdings
8.10 Nu Skin Enterprises
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations, and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
1. a) List of Tables
2. b) List of Figures

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MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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