The global nutrition and supplements market was valued at over $113.94 billion in 2019 and is estimated to grow at a growth rate of more than 8.2 per cent over 2019-2026, according to Market Study Report. Rising awareness among people regarding the consumption of foods rich in nutrition and supplements with an intent of reducing the extra calorie and weight, is expected to drive the overall nutrition and supplements market in the upcoming years.
Global nutrition and supplements market, as per the given report, has been fragmented into different segments including type, distribution channel, regions, and an expansive competitive landscape. The document outlines individual market shares and current and projected growth rates, technological advancements, overall segment valuation, and several other important details of each of these segments.
In fact, according to World Food India 2017 statistics, it was predicted that the Nutraceuticals market across the country would record a massive $4 billion (USD) revenue share in 2020, which is almost double the market size in 2017. This is attributed to the increasing demand for dietary supplements for upper- as well as middle-class population.
Nutrition and supplements are generally extracted from either food source or are obtained synthetically from animals, manufactured in the form of capsules, tablets, pills, liquid, etc., and are taken orally. Consumption of these enable healthy compounds to an individual with vitamins, minerals, amino acid and fiber, etc.
Although the global nutrition and supplements market is depicting a promising growth in the upcoming years, side effects related to the consumption of these nutrition and supplements are likely to impede the growth statistics of the overall market.
The industry is diversified into various regions including the North America, Asia Pacific, Europe, Latin America and ROW. North America has been touted to dominate the regional belt owing to growing cognizance amongst the people regarding health management. Meanwhile, APAC is also anticipated to accrue significant proceeds over the foreseeable period perhaps attributing to the hectic work schedules among working individuals and fluctuations in diet intervals.