Market Overview-
The global vitamins and supplements market was valued at USD 146.14 billion in 2023 and is expected to grow from USD 154.98 billion in 2024 to USD 250.81 billion by 2032, reflecting a CAGR of 6.20% during the forecast period. In the U.S., the market is set for significant expansion, projected to reach USD 27.74 billion by 2032, driven by increasing consumer preference for health-conscious choices amid busy lifestyles and rising demand for various vitamin and supplement products. Asia Pacific led the industry in 2023, holding a dominant market share of 45.78%.
A list of prominent vitamins and supplements companies operating in the market:
Segments-
Multivitamins Segment Earned 35.21% in 2023: Fortune Business Insights™
Based on the type, this market is divided into pediatric supplements, calcium supplements, multivitamins, and others. Out of these, the multivitamins segment held 35.21% in terms of the vitamins and supplements market share in 2023. This growth is attributable to the increasing consumption of vitamin A, C, E, & D to reduce deficiencies of micronutrients.
Source: https://www.fortunebusinessinsights.com/vitamins-and-supplements-market-104051
Report Coverage-
Our skilled analysts have presented an accurate picture of the global market for vitamins and supplements by summation, synthesis, and study of data from various crucial sources. They have also included multiple facets of the industry with the main focus on determining the significant market influencers. Thus, the data is reliable and comprehensive. It was collected through extensive primary and secondary research.
Drivers & Restraints-