Dietary Supplements are the substances that consist of several ingredients such as proteins, vitamins & minerals and other nutritious items which are effective for better health conditions. Dietary Supplements market is expected to mark significant growth over forecasted period owing to increasing consumers spending on awareness about nutrition, providing weight loss solution and rise in urbanization. There has been significant rise in number of people using dietary supplements with figure stood up to 78% in United States alone in 2018, the future of dietary supplements looks promising. This result in rising popularity of gymnasiums and fitness centers and escalating need for microencapsulation in the pharmaceutical industries may trigger demand and help in industry expansion.This growth is primarily driven by Increase in Demand at Pharmaceutical Industries that Boost the Market and Rising Health Awareness Among the Customers Fuelled Up the Dietary Supplements Market.
Globally, a noticeable market trend is evident Rising awareness regarding fat reduction
. Major Players, such as Amway (United States), Abbott Laboratories (United States), Bayer (Germany), Glanbia (Ireland), Pfizer (United States), Archer Daniels Midland (United States), Carlyle Group (United States), NBTY Inc. (United States), Nu Skin Enterprises (United States) and GlaxoSmithKline (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2018, GNC launched an Amazon exclusive supplement bran largest retailers of vitamins, supplements, and other health and nutrition products known as “CHALLENGE” which is beneficial in providing new strategy for retailers to sell out the vitamins, supplements, and other health and nutrition products.
Regulatory Insights:“According to Food and Drug Administration (FDA), its delivers that consult with a health care professional before using any dietary supplement. Many supplements contain ingredients that have strong biological effects, and such products may not be safe in all people.”
- Increase in Demand at Pharmaceutical Industries that Boost the Market
- Rising Health Awareness Among the Customers Fuelled Up the Dietary Supplements Market
- Rising awareness regarding fat reduction
- Increase in demand of supplements in developing countries
- Side Effects Associated with Dietary Supplements Hampers the Market
- Stringent Government Regulation Dissipated the Market Scenario
OpportunitiesProliferation of Sports Complex and Gymnasiums is Expected to Drive the Market and Rising Prevalence of Chronic Diseases Such as Arthritis and Cardiovascular Problems Fuelled up the Market.
ChallengesLimitation Due to Demand of Organic Food are Anticipated to Challenge the Market. and Adverse Effect of Conventional Medicines Fluctuate the Powder Dietary Market.
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