TalkIn

2 yrs ·Translate

Dietary Supplements Market Share, Competitive Analysis and Forecast Report by 2028

The global dietary supplements market size is anticipated to hit USD 128.64 billion by 2028 and exhibit a CAGR of 8.68% during the forecast period. The escalating demand for personalized supplements and the rising emphasis on quality supplements are predicted to foster market growth. Fortune Business InsightsTMhas presented this information in its report titled “Dietary Supplements Market, 2021-2028”. The market size stood at USD 61.20 billion in 2020 and is anticipated to reach USD 71.81 billion in 2021.

Additionally, the growing emphasis on preventive healthcare measures due to the rising prevalence of lifestyle and age-related diseases is projected to favor market growth. The growing consumer consciousness towards preventive healthcare measures is likely to boost the demand for health-boosting dietary supplements.

List of Key Players in the Global Market:

Amway Corp (Michigan, U.S.)
Abbott (Illinois, U.S.)
Nestle S.A. (Vevey, Switzerland)
Herbalife Nutrition Ltd. (California, U.S.)
Archer Daniels Midland Company (Illinois, U.S.)
Glanbia Nutritionals (Illinois, U.S.)
Otsuka Holdings Co. Ltd. (Tokyo, Japan)
Arkopharma (Carros, France)
Pfizer Inc. (New York, U.S.)
GlaxoSmithKline plc (Brentford, U.K.)
Segmentation-

On the basis of form, the market is segmented into powders, liquids, capsules, and tablets. On the basis of type, the market is fragmented into proteins, fatty acids, enzymes, minerals, vitamins, and others. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

Drivers & Restraints-

Rising Emphasis on Quality Supplement Production to Fuel Market Growth

The rising use of organic, clean-labeled, and safe ingredients in food supplement production is likely to favor the market growth. The rising emphasis on the production of quality supplements is likely to amplify the global dietary supplements market growth. Additionally, the rising preference of sportspersons for food supplements to enhance endurance and performance is projected to complement the global market growth.

The growing emphasis on preventive healthcare measures shall aid market growth. The rising consumer consciousness towards preventive healthcare measures due to the escalating prevalence of lifestyle and age-related diseases is likely to boost the global market growth.

Lastly, market players' increasing developments and innovations and the expanding demand for personalized supplements are anticipated to further amplify the market growth.

However, the high prices of these supplements may hinder market growth.

Regional Insights-

Rising Health Consciousness to Accelerate Growth in Asia Pacific

Asia Pacific is projected to register the fastest growth in the global dietary supplements market share. The rising health consciousness amongst consumers is estimated to be the key factor driving the market growth in the region. The increasing awareness for personalized nutrition concepts is likely to fuel the regional market growth. Additionally, expansion of product portfolios and production bases of international market players across China, India, Malaysia, South Korea, and other Asian countries is projected to favor market growth.

North America is anticipated to exhibit remarkable growth during the forecast period. The increasingly hectic lifestyles, aging population, obesity, and other diseases are expected to stimulate growth in the region. Additionally, the strict regulatory guidelines to supply safe and high-quality supplements in the U.S. are predicted to aid market growth.

South America is predicted to attain significant growth due to the growing adoption of healthy lifestyles, increasing middle-class population, and growing new product launches.

Competitive Landscape-

Market Players Adopt Ingenious Strategies to Amplify Market Presence

The major market players emphasize diversifying their product portfolios by launching innovative products. They adopt collaborations, product innovation, new product launches, partnerships, acquisitions, mergers, and other growth strategies to augment their consumer bases and market presence. For instance, GNC partnered with Renmintongtai, a Harbin Pharmaceutical Group’s pharmacy chain, in January 2020. The company also unveiled four ‘blue hat’ products.

Industry Development-

June 2020: Evonik, Germany, launched Medox, an anthocyanin food supplement to support blood vessels’ health. The supplement includes highly concentrated plant pigments from Scandinavian blackcurrants and bilberries.
Browse In-depth Summary of This Re

Comment

created a new article

2 yrs ·Translate

Ultimate Slim Keto Gummies | # Ultimate Slim Keto Gummies

Natural

Ultimate Slim Keto Gummies

Hard-to-burn fat may be metabolised with the assist of Ultimate SlimUltimate Slim Keto Gummies.

Comment

created a new article

2 yrs ·Translate

Natural Living Homes by Provident Ecopolitan Aerospace Baglur | ##providentecopolitan

Places and Regions

Natural Living Homes by Provident Ecopolitan Aerospace Baglur

Provident Ecopolitan is an upcoming futuristic pre-launch apartment project located in Bangalore.

Comment

changed his profile picture

2 yrs

Comment

changed her profile picture

2 yrs

Comment

created a new article

2 yrs ·Translate

Dubai Creek Harbour Apartments: Where Modernity Meets Serenity | #real estate #real estate 2023 #real estate services

Live Style

Dubai Creek Harbour Apartments: Where Modernity Meets Serenity

Dubai is known for its luxurious lifestyle and stunning architecture, and the Dubai Creek Harbour Apartments are no exception.

Comment

2 yrs ·Translate

With a tour package, you can enjoy the convenience of having a professional guide, comfortable accommodation, and a pre-arranged itinerary.

#cheapflights #cheapplanetickets #cheaptickets #cheapestflights #flightdeals #flightfinder #flightsearch #flighttickets #planeticket #airfare

socialblast.club

Tour packages

Tour packages are a great way to travel the world without having to worry about the hassle of planning, booking, and organizing everything yourself. With a tour package, you can enjoy the convenience of having a professional guide, comfortable accomm

Comment

2 yrs ·Translate

Tuna Fish Market Opportunities, Past, Present Data, and Deep Analysis 2030

The global tuna fish market size was valued at USD 41.06 billion in 2022. The market is projected to grow from USD 42.08 billion in 2023 to USD 51.25 billion by 2030, recording a CAGR of 2.86% during the forecast period of 2023-2030.

List of Key Players Profiled in the Tuna Fish Market Report:

Bolton Group (Italy)
Century Pacific Foods Inc. (Philippines)
The Jealsa Rianxeira S.AU. Group (Spain)
Grupo Albacore S.A. (Spain)
ITOCHU Corporation (Japan)
Thai Union Group Inc. (Thailand)
Dongwon Enterprises Co. Ltd. (South Korea)
IBL Ltd. (Mauritius)
FCF Co. Ltd. (Taiwan)
Sea Delight (U.S.)
Browse Detailed Summary of Research Report :

https://www.fortunebusinessins....ights.com/industry-r

Segments:

Skipjack Tuna to Gain Traction among Consumers due to its Rich Nutritional Value and Easy Availability

In terms of species, the market is divided into Skipjack, Albacore, Yellowfin, Bigeye, Bluefin, and others.

Skipjack segment is expected to capture the largest market share as it is easily available in the market and has a strong nutritional profile. Skipjack is commercially important as it is one of the most popular fish used in canned tuna products. As per the Asia Pacific – Fish Watch, over 70% of total tuna catches in the Western and Central Pacific and almost half in the Indian Ocean are skipjack tuna. This type has a moderate cholesterol level and is an excellent source of low-fat protein as well as sodium, further aiding the growth of the segment.

Canned Segment Sales to Grow with Rise in Convenience Food Consumption

Based on type, the market is differentiated into fresh, canned, and frozen. Canned segment is expected to emerge as the leading segment and is anticipated to retain its dominant position during the forecast period. This is due to the rising awareness of its health benefits among consumers and convenience of use.

The presence of omega-3 fatty acids in canned tuna can lower a person’s blood pressure and cholesterol. It can also reduce the risk of dementia and inflammatory disorders. The wide availability of different types of canned tuna in the market, from plain and unseasoned products to prepared, grilled, and marinated ones, is also boosting the segment’s growth.

Report Coverage:

The research report provides qualitative and quantitative insights into the market. It also offers a detailed analysis of the product’s types, applications, as well as market size and growth rate for all segments in the market.

The report also offers an in-depth analysis of the competitive landscape and market dynamics. Many key insights presented in the report are an overview of the related markets, research methodology, recent industry developments, such as mergers & acquisitions, the regulatory scenario in critical countries, and vital industry trends.

Drivers and Restraints:

Canned Tuna to be Widely Consumed Due to its Affordability and Longer Shelf-life

Canned tuna has witnessed a robust rise in its global consumption rate in recent years. It is a popular source of affordable protein and is convenient to store. It does not require refrigeration and is an easy-to-ship product. A notable increase in the percentage of the working population has improved the demand for processed, ready-to-cook, and ready-to-eat foods. Cooking time at home has decreased due to hectic lifestyle, thereby augmenting the demand for convenience foods such as canned tuna.

Europe and Asia Pacific are among the world's leading buyers of canned tuna, and their popularity has now spread to several South American and Middle Eastern countries. Since the consumption of healthy seafood, especially processed fish, is increasing every year, the sale of canned tuna is also predicted to grow as it is a rich protein source.

Many people are turning vegetarians due to reasons, such as dairy allergies and environmental concerns, which is hampering the sales of meat and seafood in different regions. Other organizations as well, such as Beyond Meat and Morningstar Farms are investing in vegetarian alternatives of conventional meat products and boosting their spending on developing a vibrant vegan meat product portfolio. These factors might hinder the tuna fish market growth in the coming years.