dietary supplements market - global study on dietary supplements to 2020

Download Dietary Supplements Market - Global Study on Dietary Supplements to 2020

Post on 13-May-2015

213 views

Category:

Documents

1 download

Embed Size (px)

TRANSCRIPT

  • Dietary Supplements Market - Global Study on Dietary Supplements -

    Botanical Supplements To Be The Largest Market by 2020

    Persistence Market Research

    Dietary Supplements Market Will Reach US$179.8 Billion, Globally in 2020: Persistence

    Market Research

    Persistence Market Research 1

  • Dietary Supplements Market - Global Study on Dietary Supplements -

    Botanical Supplements To Be The Largest Market by 2020

    Persistence Market Research Released New Market Report Global Market Study on DietarySupplements: Botanical Supplements To Be The Largest Market by 2020, the global dietarysupplements market was valued at USD 109.8 billion in 2013 and is expected to grow at aCAGR of 7.4% from 2014 to 2020, to reach an estimated value of USD 179.8 billion in 2020.

    Browse the fullGlobal Market Study on Dietary Supplements: Botanical Supplements To BeThe Largest Market by 2020 report at http://www.persistencemarketresearch.com/market-research/dietary-supplements-market.asp

    A growing interest in a healthy lifestyle is leading to an increase in the consumption ofhealthy food. Dietary supplements are the best choice for consumers looking to adopt ahealthy lifestyle. People across various age groups consume dietary supplements to meettheir recommended dietary allowances. Dietary supplements are available in different forms,such tablets, pills, powders, capsules, gelcaps, and liquids. Dietary supplements such asvitamin, botanical, mineral and fatty acid help consumers stay healthy and preventnutritional deficiency diseases. Rising aging population, increasing lifestyle diseases andincreasing healthcare cost are some of the important factors driving the growth of thedietary supplements market.

    Asia-Pacific is the largest market for dietary supplements globally. Consumer awarenessabout the benefits of dietary supplements and wide product availability are the major driversfor the market in Asia Pacific. The increase in disposable income allows customers to spendmore on healthy food items. According to the National Bureau of Statistics of China, annualper capita disposable income of urban households in China increased from USD 2,271.0 in2008 to USD 3408.5 in 2012. The overall annual disposable income in India increased fromUSD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013. The dietary supplements marketin North America is at mature stage compared to that in developing nations in Asia andAfrica. In recent years, consumers have become more conscious of their diet. According to asurvey conducted by the Council for Responsible Nutrition (CRN) in 2014, around 68% ofadults in the U.S. use dietary supplements; of these, around 50% are regular users. Risingnumber of elderly people in North America is leading to a rise in demand for dietarysupplements products. Over the last few years, the risk of chronic diseases and maintenanceof health in old age have been the major health concerns leading to increased spending ondietary supplement products. According to the U.S. Census Bureau, in 2012, 40 millionpeople in the country are aged 65 and above. Europe is the second-largest market fordietary supplement products. Recently, consumers in the region are showing great interestin leading healthy lifestyles, in turn, driving the consumption of healthy food. In theEuropean region, Western Europe is the largest market for dietary supplements. EasternEurope is considered to have higher future growth potential. Rising aging population,increasing lifestyle diseases, and growing healthcare costs are some of the important factorsdriving the growth of the dietary supplements market in the region.

    Persistence Market Research 2

  • Dietary Supplements Market - Global Study on Dietary Supplements -

    Botanical Supplements To Be The Largest Market by 2020

    The dietary supplements market is bifurcated into product (vitamin, botanical, mineral, fattyacids, and others supplements) by value (USD billion), application (food and beverages,pharmaceuticals, personal care, and others) by value (USD billion), and end user (adultwomen, adult men, senior citizens, and others) by value (USD billion).

    Global dietary supplements market grew from USD 90.6 billion in 2010 to USD 109.8 billionin 2013 at a CAGR of 6.6%. Under regional segment, the Asia Pacific dietary supplementsmarket ( the largest market in 2013) increased by 8.2% CAGR during 2010-2013 to reachUSD 34.2 billion in 2013.

    Request Sample Report athttp://www.persistencemarketresearch.com/samples/2801

    Some of the major companies operating in the global dietary supplements market are NBTY,Inc., Koninklijke DSM N.V., Amway, Herbalife Ltd., Omega Protein Corporation, Bayer AG,Naturalife Asia Co., Ltd., Integrated BioPharma, Inc., Nu Skin Enterprises, Inc., BASF SE,Surya Herbal Ltd., Bio-Botanica Inc., The Himalaya Drug Company, Ricola AG, PharmaviteLLC, Blackmores Ltd., Epax AS, and Axellus AS.

    Dietary Supplements Market, by Product

    Vitamin supplements Mineral supplements Botanical supplements Fatty acids supplements Others supplements

    Dietary Supplements Market, by End User

    Adult women Adult men Senior citizens Others

    Dietary Supplements Market, by Application

    Food and beverage Pharmaceuticals

    Persistence Market Research 3

  • Dietary Supplements Market - Global Study on Dietary Supplements -

    Botanical Supplements To Be The Largest Market by 2020

    Personal care Others

    Dietary Supplements Market, by Region

    North America Europe Asia Pacific Rest of the World

    Market History:

    Increase in consumer interest in healthy diet has led to higher consumption of food and food ingredients

    with potential health benefits. Of late, consumers have become more conscious of their diet. According to

    a survey conducted by the Council for Responsible Nutrition (CRN) in 2014, majority of adults in the U.S.

    took dietary. According to the same survey, around 68% of adults in the U.S. use dietary supplements; of

    these, around 50% are regular users. Around 83% of adults in the U.S. expressed overall confidence in

    the quality, effectiveness, and safety of dietary supplements. People across various age groups consume

    dietary supplements to meet their recommended dietary allowances. Dietary supplements are available in

    different forms, such tablets, pills, powders, capsules, gel caps, and liquids. Dietary supplements such as

    vitamin, botanical, mineral, and fatty acid help consumers stay healthy and prevent nutritional deficiency

    diseases. Rising aging population, increasing lifestyle diseases and increasing healthcare cost are some

    of the important factors driving growth of the dietary supplements market. The major factor driving the

    cost of healthcare is lengthy and costly R&D conducted by pharmaceutical companies.

    Due to increasing costs of healthcare, people are turning towards dietary supplements to help them stay

    healthy. These supplements provide various health benefits such as strengthening the immune system,

    protection from cold and flu, prevention of migraine headaches, treat of arthritis, rheumatic diseases,

    allergies, lower cholesterol, triglyceride levels and blood pressure, cardiovascular diseases, and cognitive

    diseases at lower costs.

    Asia Pacific was the largest market for dietary supplements in 2013, accounting for 31.2% of the global

    market share, followed by Europe and North America with market share of 30.1% and 25.4% respectively.

    From 20142020 the Asia Pacific dietary supplements market is expected to grow at a CAGR 9.1%,

    driven by populous countries such as India and China. Consumer awareness about the benefits of dietary

    supplements and wide product availability are the major drivers for the market in the region. Increase in

    Persistence Market Research 4

  • Dietary Supplements Market - Global Study on Dietary Supplements -

    Botanical Supplements To Be The Largest Market by 2020

    disposable income allows customers to spend more on healthy food items. According to the National

    Bureau of Statistics of China, annual per capita disposable income of urban households in China

    increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in

    India increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013.

    Under the product segment, botanical supplements (the largest segment in 2013) increased by a CAGR

    of 6.6% during 20102013 to reach USD 54.6 billion in 2013. Under the application segment, the

    pharmaceutical sector (the largest sector in 2013) increased by a CAGR of 6.4% during 20102013 to

    reach USD 52.1 billion in 2013. Under regional segment, the Asia Pacific dietary supplements market

    (largest market in 2013) increased by 8.2% CAGR during 2010-2013 to reach USD 34.2 billion in 2013.

    Some of the major companies operating in the global dietary supplements market are NBTY, Inc.,

    Koninklijke DSM N.V., Amway, Herbalife Ltd., Omega Protein Corporation, Bayer AG, Naturalife Asia Co.,

    Ltd., Integrated BioPharma, Inc., Nu Skin Enterprises, Inc., BASF SE, Surya Herbal Ltd., Bio-Botanica

    Inc., The Himalaya Drug Company, Ricola AG, Pharmavite LLC, Blackmores Ltd., Epax AS, and Axellus

    AS.

    Persistence Market Research 5

  • Dietary Supplements Market - Global Study on Dietary Supplements -

    Botanical Supplements To Be The Largest Market by 2020

    Table of Content

    Persistenc

Recommended

View more >