
Report ID: SQMIG35I2233
SkyQuest Technology's Dietary supplements market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Dietary Supplements Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Global Dietary Supplements market size was valued at USD 134.10 Billion in 2023 and is poised to grow from USD 146.56 Billion in 2024 to USD 283.52 Billion by 2032, growing at a CAGR of 8.50% in the forecast period (2025-2032).
The primary driver boosting the global dietary supplements market growth is the growth in the demand for nutritional supplements by consumers. This demand has arisen due to various reasons including the rise of elderly population in the world who require additional supplements, trend of including supplements in daily diets to boost health and the demand for sports nutritional supplements by athletes and fitness enthusiasts. Dietary supplements are finding use due to the health aware and fitness conscious natures of the current millennial and Gen-Z populations.
Competition in the Dietary Supplements Market has also increased, which has increased the pressure on markets to introduce new products and do better branding. Economically, the commercialization of dietary supplements has helped provide employment opportunities and tax revenues as well. The tablet form of dietary supplements is especially seeing growth due to its familiarity and popularity among consumers of various ages. Thus, the market is growing rapidly and is set to see further growth in the coming years due to all of these reasons collectively, although the Dietary Supplements Market faces several challenges such as regulation and compliance challenges and limited clinical evidence for some products that generates distrust.
How is Liposomal Encapsulation Technology bringing Transformation to the Market?
Liposomal encapsulation technology is transforming the dietary supplements market dynamics. This is an advanced nanotechnology that improves nutrient absorption. The technology includes encapsulating active ingredients like glutathione within lipid spheres to protect them digestive degradation. This increases the bioavailability of the product significantly. A notable advancement related to this technology is INJA Wellness launch of INJA Glow in August 2024. This has been said to be India’s first Liposomal Glutathione Effervescent Tablets, using liposomal technology. It is claimed that it will boost glutathione absorption from 20% to over 80%. Clinical results show 4x effectiveness over standard formulations. This innovation has helped in making liposomal encapsulation the future of dietary supplements product development.
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Global Dietary Supplements market size was valued at USD 134.10 Billion in 2023 and is poised to grow from USD 146.56 Billion in 2024 to USD 283.52 Billion by 2032, growing at a CAGR of 8.50% in the forecast period (2025-2032).
'Nestlé (Switzerland)', 'Abbott Laboratories (USA) ', 'Amway Corp. (USA) ', 'Otsuka Holdings Co., Ltd. (Japan) ', 'Glanbia PLC (Ireland) ', 'Bayer AG (Germany) ', 'Haleon Group of Companies (UK) ', 'Herbalife Nutrition Ltd. (USA) ', 'Nature's Sunshine Products, Inc. (USA) ', 'Nu Skin Enterprises, Inc. (USA) ', 'Archer Daniels Midland Company (ADM) (USA) ', 'DSM-Firmenich (Switzerland/Netherlands) ', 'USANA Health Sciences, Inc. (USA) ', 'Jamieson Wellness Inc. (Canada) ', 'Perrigo Company plc (Ireland) ', 'Meiji Holdings Co., Ltd. (Japan) ', 'H&H Group (Hong Kong)', 'Asaha Kasei (Japan)', 'Dermapharm Group (Germany)', 'Vitaco (Australia)'
The growth of e-commerce and online shopping has increased convenience to access a broader range of products and supplements. This notably contributes to the growth of the dietary supplements market. The market is also witnessing the rise in innovative formats that appeal to a large consumer base. Novel delivery formats like readymade drinks, powders, and gummies increase convenience for users to consumer supplements in their daily diets.
The recent years have witnessed notable rise in demand for supplements that help cure certain health issues like bone density, gut health, and skin disorders. Moreover, novel formats like powders, gummies, and ready-made supplements are progressing and gaining popularity in their regular diets. Functional beverages and foods that contain supplements are also increasingly demanded.
The region’s importance is due to their increased consumer education and awareness, strong distribution channel, and innovations and research and developments. It holds a strong focus on active health and wellness, which ultimately drives the demand for different types of dietary supplements as preventive solutions. North America also holds a well-developed retail ecosystem for a broader range of products. The key players profiled in the region include Abbott Laboratories., Amway. Herbalife Nutrition Ltd., Nature's Sunshine Products, Inc., and many more.
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