MARKET INTRODUCTION
Under the food supplements Directive (Directive 2002/46/EC), food supplements' are defined as foodstuffs that are meant to supplement the normal diet and which are concentrated sources of nutrients or other substances with a nutritional or physiological effect, alone or in combination, marketed in dose form, namely forms such as pastilles, tablets, pills, capsules, and other similar forms, sachets of powder, ampoules of liquids, drop dispensing bottles, and other similar forms of liquids and powders designed to be taken in measured small unit quantities, where nutrients could be vitamins, minerals, herbal extracts, and other ingredients.
MARKET DYNAMIC
Factors driving the growth of the food supplement market are the growing health concerns, coupled with the number of weight management programs. However, growing demand for organic food is expected is expected to hamper the growth of the market. Moreover, increasing number of global sports events encourages athletes to focus on physical strength and rising number of gymnasiums is anticipated to boost the market growth.
MARKET SCOPE
The "Food Supplement Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of food supplement market with detailed market segmentation by product type, raw material, application and end user. The food supplement market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in food supplement market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The food supplement market is segmented on the basis of ingredient, form, application, end use and distribution channel. Based on ingredient, the market is segmented as vitamins, botanicals, minerals, proteins & amino acids, fibers & specialty carbohydrates, omega fatty acids, and others. On the basis of form, the market is categorized as tablets, capsules, soft gels, powders, gummies, liquids, and others. On the basis of application, the market is categorized as energy & weight management, general health, bone & joint health, gastrointestinal health, immunity, cardiac health, diabetes, anti-cancer, and others. On the basis of end-user, the market is categorized as adults, geriatric, pregnant women, children, and infants. On the basis of distribution channel, the market is categorized as OTC and prescribed.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the food supplement market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The food supplement market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting food supplement market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the food supplement market in these regions.
MARKET PLAYERS
The report covers key developments in the food supplement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from food supplement market are anticipated to have lucrative growth opportunities in the future with the rising demand for food supplement in the global market. Below mentioned is the list of few companies engaged in the food supplement market.
The report also includes the profiles of key players in food supplement market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amway
- Abbott Laboratories
- Bayer
- Glanbia
- Pfizer
- Archer Daniels Midland
- Carlyle Group
- NBTY Inc.
- GlaxoSmithKline
- Herbalife International
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.