Powder Dietary Supplements Market Scope
Powder Dietary Supplements are the substances which consist of several ingredients such as proteins, vitamins & minerals and other nutritious items which are effective for better health conditions. Powder 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 powder 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.
The market study is being classified by Type (Amino Acids Powder Dietary Supplements, Botanical Powder Dietary Supplements, Vitamins & Minerals Powder Dietary Supplements and Others), by Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer and Others) and major geographies with country level break-up. According to AMA, the Global Powder Dietary Supplements market is expected to see growth rate of 7.6% and may see market size of USD178612.0 Million by 2024.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Powder Dietary Supplements market throughout the predicted period.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Herbalife International (United States), Koninklijke DSM (The Netherlands), BASF (Germany) and Bionova Lifesciences (India).
AdvanceMarketAnalytics has segmented the market of Global Powder Dietary Supplements market by Type, Application and Region.
On the basis of geography, the market of Powder Dietary Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Powder Dietary Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Vitamins will boost the Powder Dietary Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Adults will boost the Powder Dietary Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
“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.”
- Rising awareness regarding fat reduction.
- Increase in demand of supplements in developing countries
- Increase in Demand at Pharmaceutical Industries that Boost the Market.
- Rising Health Awareness Among the Customers Fuelled Up the Powder Dietary Supplements Market.
- Proliferation of Sports Complex and Gymnasiums is Expected to Drive the Market
- Rising Prevalence of Chronic Diseases Such as Arthritis and Cardiovascular Problems Fuelled up the Market.
- Side Effects Associated with Powder Dietery Supplements Hampers the Market.
- Stringent Government Regulation Dissipated the Market Scenario.
- Limitation Due to Demand of Organic Food are Anticipated to Challenge the Market.
- Adverse Effect of Conventional Medicines Fluctuate the Powder Dietary Market.
Key Target AudiencePowder Dietary Supplements Manufacturers, Powder Dietary Supplements Traders, End-Use Market Participants of Different Segments of Powder Dietary Supplements, Government and Research Organizations, R&D Institutions and Others
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