Market Overview:

Food Supplement Ingredient Market Size Was Valued at USD 1110.81 Million in 2023 and is Projected to Reach USD 2237.22 Million by 2032, Growing at a CAGR of 8.09% From 2024-2032.

Nutrition is crucial for human growth, and nutritional supplements are valuable sources of nutrients and substances that promote body development. These supplements come in different forms and are designed to correct nutritional deficiencies, maintain nutrient intakes and support certain physiological functions. The expansion of the dietary supplements market is supported by the increase in the number of gyms, gyms and fitness clubs as well as the increase in demand for sports nutrition due to the growing popularity of sports as a career option. Changes in lifestyle, such as sedentary habits and unhealthy food choices, have led to an increase in nutritional deficiency diseases.

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Top Key Players in Food Supplement Ingredient Market:

·       Abbott (US)

·       Amway Corp (US)

·       Nestlé (Switzerland)

·       Herbalife Nutrition Ltd. (US)

·       ADM (US)

·       GlaxoSmithKline plc (UK)

·       Arkopharma (France)

·       DSM (Netherlands)

·       Glanbia plc (US)

·       BASF (Germany)

·       Associated British Foods PLC (UK)

·       Bionova (India)

·       Renown Pharmaceuticals Pvt Ltd (India)

·       Biolife Technologies (India) and Other Major Players

Market Dynamics and Factors:     

The nutritional supplements market is booming due to several factors. First, the high costs associated with treatment increase the demand for these nutritional supplements. With an ageing population and diseases associated with lifestyle changes, people are turning to nutritional supplements to meet their health needs. Obesity issues have also led to the development of weight management supplements. In addition, the desire for a healthy and disease-free lifestyle has increased the demand for nutritional products. Governments are taking initiatives to provide needed food to disadvantaged communities which will support market growth. Guidelines issued by governments ensure the quality and safety of dietary supplements, which further boosts the market. In addition, sports nutrition has grown with performance-enhancing supplements.

The use of nutritional supplements is not limited to meeting daily nutritional needs, but consumers also consider the functional health effects associated with these supplements when preventing diseases. In addition, they show great interest in products that increase mental alertness and physical endurance and increase energy. In addition, the increase in diseases due to improper diet and necessary nutrition offers opportunities for marketing companies to develop nutritional supplements that are perfect in every way.

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Key Industry Development:

In August 2021, Nestlé announced that it has completed the acquisition of The Bountiful Company's core brands, including Nature's Bounty, Solgar and Sundown. This strategic move aims to expand Nestlé's product offering in the health sector, offering consumers a wider range of reliable health-promoting products.

In June 2021, Cipla Ltd. introduced two new supplements to its Maxirich brand in India: Maxirich Vitamin C Zinc Chewable Tablets and Maxirich Gold Advanced Daily Supplement. These supplements aim to improve immunity and expand Cipla's range of immune products.

Food Supplement Ingredient Market Report Highlight:

·       By Product Type, the vitamin segment is anticipated to dominate the market over forecast period. A fast-paced lifestyle and high consumption of prepared foods cause vitamin deficiency, which affects immunity and cardiovascular health. The daily number of vitamins meets the needs and supports the nervous system. Screen time affects vision, but vitamins E, C, A and selenium promote eye health. Vitamins also improve bone health, metabolism and improve skin and hair.

·       By Form, the tablets segment is anticipated to dominate the market over forecast period. Tablet computers are cost-effective, stable and affordable for consumers. They offer higher doses, can be cut into smaller doses, and come in different forms and editions, increasing their market presence.

·       By End-users, the adult segment is anticipated to dominate the market over the forecast period. The growing adult population and the prevalence of health problems such as obesity, cardiovascular disease, and diabetes are fueling the growth of the nutritional supplements market.

·       By Application, the immunity boosters segment is anticipated to dominate the market over the forecast period. Growing flu epidemics and high consumption of nutrient-deficient snacks are forcing people to add nutritional supplements to their daily diet. Rich in vitamins, minerals and other nutrients, these supplements are essential for strengthening the immune system.

·       North American region is expected to dominate the market. The market in this region is growing due to increased health awareness and the prevalence of diseases such as cardiovascular diseases, cancer, and diabetes. Dietary supplements, especially vitamins, minerals, sports supplements, and weight loss supplements, are in high demand among Americans, with about 77 percent of the population taking them, according to a CRN consumer survey.

Central to our report are the company profiles and competitive analysis, providing insights into market players' overview, market roles, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Food Supplement Ingredient Market.

Food Supplement Ingredient Market Segmentation:

By Product Type

·       Vitamin

·       Minerals

·       Proteins

·       Prebiotics

·       Probiotics

·       Others

By Form

·       Tablets

·       Capsules

·       Liquids

·       Gel Capsules

·       Powder

By End Users

·       Adults

·       Children

·       Infants

·       Pregnant Women

By Application

·       Cardiac Health

·       Immunity Boosters

·       Diabetes

·       Anti-Cancer

·       Weight Loss

·       Others

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For this report, Introspective Market Research has segmented the Food Supplement Ingredient Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

·       US

·       Canada

·       Mexico

Eastern Europe

·       Bulgaria

·       The Czech Republic

·       Hungary

·       Poland

·       Romania

·       Rest of Eastern Europe

Western Europe

·       Germany

·       UK

·       France

·       Netherlands

·       Italy

·       Russia

·       Spain

·       Rest of Western Europe

Asia Pacific

·       China

·       India

·       Japan

·       South Korea

·       Malaysia

·       Thailand

·       Vietnam

·       The Philippines

·       Australia

·       New Zealand

·       Rest of APAC

Middle East & Africa

·       Turkey

·       Bahrain

·       Kuwait

·       Saudi Arabia

·       Qatar

·       UAE

·       Israel

·       South Africa

South America

·       Brazil

·       Argentina

·       Rest of SA

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Scope of the Report:

The latest research on the Food Supplement Ingredient market provides a comprehensive overview of the market for the years 2024 to 2032. It gives a comprehensive picture of the global Food Supplement Ingredient industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Food Supplement Ingredient market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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