Global Nutritional Supplements Market Size Study, by Product (Sports Nutrition, Dietary Supplements, Functional F&B, Fat Burners), Formulation, Consumer Group, Sales Channel, Application, and Regional Forecasts 2022-2032

Description

The global nutritional supplements market, valued at approximately USD 456.32 million in 2023, is poised for significant growth with a compound annual growth rate (CAGR) of 6.42% from 2024 to 2032. Nutritional supplements, encompassing sports nutrition, dietary supplements, functional foods and beverages, and fat burners, are essential in promoting wellness and supporting active lifestyles. With a growing emphasis on health-conscious living, the market has become a cornerstone for individuals seeking tailored solutions to enhance their physical and mental well-being.

A surge in consumer awareness regarding health benefits, coupled with advancements in product formulations, has driven the market's expansion. Manufacturers are leveraging innovations to create personalized supplements that cater to specific demographic groups and health goals. The increasing integration of science-backed ingredients and formulations, ranging from vitamins and minerals to plant-based compounds, underscores the market's evolution towards efficacy and transparency. However, the market does face challenges, including stringent regulatory frameworks and competition from substitute health products.

Emerging trends in digital health and e-commerce have profoundly impacted the industry landscape, empowering consumers with information and access to a diverse array of products. Sales channels, from online platforms to specialty stores, have adapted to the demand for convenience and variety, making nutritional supplements more accessible than ever. Furthermore, ongoing research into novel ingredients and the incorporation of AI-driven customization platforms position the market for transformative growth.

North America leads the nutritional supplements market, driven by high disposable incomes, a robust retail infrastructure, and a strong culture of health consciousness. Europe trails closely, with its established tradition of dietary supplements and a growing interest in organic and functional products. Meanwhile, the Asia Pacific region is expected to experience the fastest growth, fueled by rising disposable incomes, expanding urbanization, and heightened awareness about preventative healthcare measures.

Major market players included in this report are:

Herbalife Nutrition
Glanbia plc
Amway Corporation
Abbott Laboratories
Pfizer Inc.
Bayer AG
Nestle Health Science
The Nature's Bounty Co.
Danone S.A.
BASF SE
GNC Holdings, Inc.
DSM Nutritional Products
Blackmores Limited
Himalaya Wellness
NOW Foods

The detailed segments and sub-segments of the market are explained below:

By Product:

Sports Nutrition
Dietary Supplements
Functional F&B
Fat Burners

By Formulation:

Capsules
Tablets
Powders
Liquids

By Consumer Group:

Children
Adults
Elderly

By Sales Channel:

Online
Specialty Stores
Retail Pharmacies

By Application:

Bone & Joint Health
Immunity Boosting
Weight Management
General Health & Wellness
Others

By Region: North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market estimates and forecasts for a 10-year period (2022-2032).
Regional and country-level analysis highlighting market dynamics and opportunities.
Strategic insights into technological advancements and trends shaping the industry.
Profiles of leading companies with comprehensive analysis of their strategies.
Recommendations for stakeholders to capitalize on emerging market opportunities.

Chapter 1. Global Nutritional Supplements Market Executive Summary

1.1. Global Nutritional Supplements Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Formulation
- 1.3.3. By Consumer Group
- 1.3.4. By Sales Channel
- 1.3.5. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Nutritional Supplements Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Nutritional Supplements Market Dynamics

3.1. Market Drivers
- 3.1.1. Surge in Consumer Health Awareness
- 3.1.2. Advancements in Product Formulations
- 3.1.3. Increasing Adoption of Personalized Supplements
3.2. Market Challenges
- 3.2.1. Stringent Regulatory Frameworks
- 3.2.2. Competition from Substitute Health Products
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Innovations in Science-Backed Ingredients
- 3.3.3. Strategic Collaborations with E-Commerce Platforms

Chapter 4. Global Nutritional Supplements Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Nutritional Supplements Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Nutritional Supplements Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Sports Nutrition
- 5.2.2. Dietary Supplements
- 5.2.3. Functional F&B
- 5.2.4. Fat Burners

Chapter 6. Global Nutritional Supplements Market Size & Forecasts by Formulation 2022-2032

6.1. Segment Dashboard
6.2. Global Nutritional Supplements Market: Formulation Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Capsules
- 6.2.2. Tablets
- 6.2.3. Powders
- 6.2.4. Liquids

Chapter 7. Global Nutritional Supplements Market Size & Forecasts by Consumer Group 2022-2032

7.1. Segment Dashboard
7.2. Global Nutritional Supplements Market: Consumer Group Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Children
- 7.2.2. Adults
- 7.2.3. Elderly
- 7.2.4. Others

Chapter 8. Global Nutritional Supplements Market Size & Forecasts by Sales Channel 2022-2032

8.1. Segment Dashboard
8.2. Global Nutritional Supplements Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Online
- 8.2.2. Specialty Stores
- 8.2.3. Retail Pharmacies
- 8.2.4. Others

Chapter 9. Global Nutritional Supplements Market Size & Forecasts by Application 2022-2032

9.1. Segment Dashboard
9.2. Global Nutritional Supplements Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. Bone & Joint Health
- 9.2.2. Immunity Boosting
- 9.2.3. Weight Management
- 9.2.4. General Health & Wellness
- 9.2.5. Others

Chapter 10. Global Nutritional Supplements Market Size & Forecasts by Region 2022-2032

10.1. North America Nutritional Supplements Market
- 10.1.1. U.S. Nutritional Supplements Market
  - 10.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.2. Formulation Breakdown Size & Forecasts, 2022-2032
- 10.1.2. Canada Nutritional Supplements Market
  - 10.1.2.1. Product Breakdown Size & Forecasts, 2022-2032
  - 10.1.2.2. Formulation Breakdown Size & Forecasts, 2022-2032
10.2. Europe Nutritional Supplements Market
- 10.2.1. UK Nutritional Supplements Market
- 10.2.2. Germany Nutritional Supplements Market
- 10.2.3. France Nutritional Supplements Market
- 10.2.4. Spain Nutritional Supplements Market
- 10.2.5. Italy Nutritional Supplements Market
- 10.2.6. Rest of Europe Nutritional Supplements Market
10.3. Asia-Pacific Nutritional Supplements Market
- 10.3.1. China Nutritional Supplements Market
- 10.3.2. India Nutritional Supplements Market
- 10.3.3. Japan Nutritional Supplements Market
- 10.3.4. Australia Nutritional Supplements Market
- 10.3.5. South Korea Nutritional Supplements Market
- 10.3.6. Rest of Asia Pacific Nutritional Supplements Market
10.4. Latin America Nutritional Supplements Market
- 10.4.1. Brazil Nutritional Supplements Market
- 10.4.2. Mexico Nutritional Supplements Market
- 10.4.3. Rest of Latin America Nutritional Supplements Market
10.5. Middle East & Africa Nutritional Supplements Market
- 10.5.1. Saudi Arabia Nutritional Supplements Market
- 10.5.2. South Africa Nutritional Supplements Market
- 10.5.3. Rest of Middle East & Africa Nutritional Supplements Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Herbalife Nutrition
- 11.1.2. Glanbia plc
- 11.1.3. Amway Corporation
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Herbalife Nutrition
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Glanbia plc
- 11.3.3. Amway Corporation
- 11.3.4. Abbott Laboratories
- 11.3.5. Pfizer Inc.
- 11.3.6. Bayer AG
- 11.3.7. Nestle Health Science
- 11.3.8. The Nature's Bounty Co.
- 11.3.9. Danone S.A.
- 11.3.10. BASF SE
- 11.3.11. GNC Holdings, Inc.
- 11.3.12. DSM Nutritional Products
- 11.3.13. Blackmores Limited
- 11.3.14. Himalaya Wellness
- 11.3.15. NOW Foods

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes