North America Dietary Supplements Market Size, Share, Growth Analysis, By Ingredients(Vitamins, minerals), By Form(Tablets and capsules, liquid), By Distribution channel(Hypermarkets, Specialty Stores), By End users(Adults and infants) - Industry Forecast 2024-2031

Report ID: SQMIR35I2332 | Region: Regional | Published Date: February, 2024
Pages: 242 | Tables: 118 | Figures: 77

North America Dietary Supplements Market Insights

North America Dietary Supplements Market size was valued at USD 63435.76 million in 2019 and is poised to grow from USD 66734.42 million in 2023 to USD 100109.62 million by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

Dietary supplements are substances which are taken differently from conventional food and whose role is to add or supplement the missing vitamins or nutrients in the diet. They can also help to lower the risk of health problems. With the increasing awareness regarding the importance of personal health and wellbeing, the dietary supplements market is booming. Large no. of industry players and contract manufacturers are based in North America. North American business is evolving toward a less centralised, decluttering trend. To satisfy consumer needs, manufacturers are concentrating on integrating cutting-edge technologies and unique solutions.

Due to consumers' busy schedules and high levels of stress, lifestyle disorders including diabetes, high blood pressure, and obesity have become more prevalent in North America, which has resulted in an increase in the sales of dietary supplements. Due to their many uses, such as nutritional supplements for people with heart illnesses, orthopaedic issues, newborn and child nutrition, sports nutrition, etc., vitamins and minerals-based dietary supplements dominate the North American market.

North America Dietary Supplements Market is poised to grow at a sustainable CAGR for the next forecast year.

North America Dietary Supplements Market Report Snapshots

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Due to the presence of major public and private players there is a high competitiveness in the market. Key players are constantly focusing on research and innovation and development of new products. Some of the key players in the market are Amway Corp., Abbott, Arkopharma, Bayer AG, Glanbia PLC, Pfizer Inc., ADM, and Ayanda. In the North American region there are a large no. of contract manufacturers which has led to the increase in the various private labels brands in this region and thereby boost the growth of North America's dietary supplements market. Major players are employing strategies such as mergers & acquisition, strategic collaboration and developing more effective supplements to maintain their geographical market share 'Amway', 'Abbott Laboratories', 'Glanbia PLC', 'Herbalife Nutrition Ltd.', 'GlaxoSmithKline PLC', 'Nature’s Bounty Co.', 'Pfizer Inc.', 'Archer Daniels Midland Co.', 'GNC Holdings Inc.', 'Bayer AG', 'Nature's Sunshine Products, Inc.', 'Nestle S.A.', 'Church & Dwight Co. Inc.', 'The Clorox Company', 'Reckitt Benckiser Group plc', 'Pharmavite LLC', 'The Nature's Bounty Co.', 'The Vitamin Shoppe', 'NOW Foods', 'Garden of Life'

To improve their physical health and general well-being, people of all ages, backgrounds, and locations are turning to exercise, which is sharply increasing demand for nutritional supplements.

Consumer interest in multivitamin-based dietary supplements is growing as a result of the region's rising health problems and diseases. The US is the largest market for products containing vitamins and vitamin-based products. The rising prevalence and severity of chronic diseases among adults lead to health concerns. The main contributing factors to these diseases are unhealthy diets, unhealthy lifestyles, and excessive alcohol usage. Vitamins aid in the prevention of various disorders by allowing the body to receive essential amino acids. Therefore, products containing multivitamins and single vitamins are popular.

North America has a sizable population with growing obesity levels and lifestyle-related disorders. In countries such as the U.S. and Canada there is a high prevalence of chronic diseases such cardiovascular diseases, diabetes and others. This can be attributed to their dietary habits, high disposable incomes, and accessibility to numerous processed & ready-to-eat foods, which may not necessarily be good for health. As nutritional supplements become more popular across North America, pharmacists will have more opportunities to advise patients on their consumption according to needs.

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North America Dietary Supplements Market Size, Share, Growth Analysis, By Ingredients(Vitamins, minerals), By Form(Tablets and capsules, liquid), By Distribution channel(Hypermarkets, Specialty Stores), By End users(Adults and infants) - Industry Forecast 2024-2031

North America Dietary Supplements Market Insights

North America Dietary Supplements Market Report Snapshots

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