Covid-19 Impact On Vitamin And Mineral Supplements Market Revenue, Trends And Forecast To 2025

By Author: Nikhil khadilkar
Total Articles: 431
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Market Overview

Global Vitamin & Mineral Supplements Market is expected to register a CAGR of 6.70% and reach USD 108.14 Billion by 2025. Vitamin and mineral supplements provide a variety of additional nutrients to complement a regular diet. They are available in the form of pills, chewable tablets, powders, and liquids. Vitamin and Mineral Supplements Market Revenue are widely used by athletes, bodybuilders, and gymgoers for strength building and enhancing athletic performance. However, consumption is also increasing among regular health-conscious consumers.

The Global Vitamin & Mineral Supplements Market is expected to register significant growth during the forecast period. The global vitamin and mineral supplements market is expected to grow at a notable pace during the forecast period due to increasing focus on preventive healthcare and expansion of the organized retail sector. Untapped markets in developing countries offer growth opportunities to the market players. However, the side effects associated with the overconsumption of these supplements are restraining the growth of the market.

Key ...
... Players

Prominent players in the Global Vitamin & Mineral Supplements 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. (Japan), Nature's Way Products, LLC (US), and Nu Skin Enterprises, Inc. (US).

Segmental Analysis

The global vitamin & mineral supplements market has been segmented on the basis of type, end user, distribution channel, and region.

By type, the market has been divided into vitamin, mineral, and blends. The vitamin segment accounted for a major share of 78.50% of the global market and projected to record a CAGR of 6.65%. The geriatric population widely consumes vitamin supplements on a regular basis to address a variety of health problems. Vitamin supplements are available in tablet and capsule forms; however, lately, the demand for gummy supplements has increased, especially for children. The vitamin segment is further divided into vitamin B, vitamin C, vitamin D, multivitamins, and others.

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Regional Analysis

Geographically, the global vitamin & mineral supplements market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific dominated the market, accounting for the largest share in 2018. The market in Asia-Pacific is expected to register the highest CAGR of 5.92% during the forecast period. North America accounted for the second-largest market share in 2018.

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