Covid-19 Impact On Multivitamin Capsules & Tablets Market Size, Competitor Landscape, Key Players

By Author: Nikhil khadilkar
Total Articles: 431
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Market Highlights

Multivitamin Capsules & Tablets Market is estimated to be valued at USD 20,706.3 Million by 2025, exhibiting a CAGR of 6.33% during the forecast period. Multivitamin capsules & tablets refer to dietary supplements in the form of capsules & tablets containing various vitamins and other nutrients essential for the human body.

Asia-Pacific was the largest market for Multivitamin Capsules & Tablets Market Size in 2018 and is expected to follow the trend during the review period. China accounted for 41.22% share of the Asia-Pacific multivitamin capsules & tablets market in 2018, whereas the market in India is projected to register the highest CAGR during the review period. The increasing spending on multivitamins as a result of growing consciousness regarding healthcare among consumers is driving the growth of the multivitamin capsules & tablets market in the region.

Regional Analysis

Asia-Pacific accounted for the largest market share of 37.45% of the global multivitamin capsules & tablets market in 2018. The market growth can be ascribed to increased ...
... spending on multivitamins as a result of growing health consciousness among consumers. China accounted for the largest market share in 2018. The consumption of multivitamins is extremely high in the US with demand driven by the growing geriatric population. For which the North American multivitamin capsules & tablets market accounts for a significant share of global multivitamin capsules & tablets market in 2018.

Key Players

The Prominent Players operating in the Global Multivitamin Capsules & Tablets Market include The Nature's Bounty Co. (US), Glanbia plc (Ireland), Herbalife Nutrition Ltd. (US), Abbott Laboratories (US), Amway Corp (US), Bayer AG (Germany), GlaxoSmithKline plc (UK), Otsuka Holdings Co., Ltd (Japan), Nature's Way Products, LLC (US), and Nu Skin Enterprises, Inc. (US).

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Segmental Analysis

The Global Multivitamin Capsules & Tablets Market has been segmented on the basis of End User, Distribution Channel, and Region.

The market, by end user, has been divided into men, women, and unisex. The unisex segment accounted for the largest market share in 2018. The consumption of unisex multivitamins has historically been high. The growth of the segment can be attributed to the increased consumption of multivitamins to prevent vitamin deficiency caused by poor diet or illness. However, increasing awareness about the different nutrient needs based on gender is expected to increase the sale of multivitamin capsules & tablets for women. Thus, the women segment is projected to exhibit the highest CAGR during the forecast period.

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