PUBLISHER: Market Research Future | PRODUCT CODE: 1532341
PUBLISHER: Market Research Future | PRODUCT CODE: 1532341
Global Liquid Dietary Supplements Market Research Report Data by Ingredients (Vitamins, Minerals, Proteins and Amino acids, and Other Ingredients), Application (Bone Disorders, Cardiac Health Gastrointestinal Health, Sports Nutrition, Weight Management, Other Applications), By Distribution Channel (Online, Offline), And By Region (North America, Europe, Asia-Pacific, Rest of the world) - Forecast Till 2030
The Liquid Dietary Supplements industry is anticipated to experience a compound annual growth rate (CAGR) of 10.16% from 2023 to 2030, resulting in a market value of USD 76,520.0 million. An increase in the number of health-conscious individuals is one of the primary factors driving the growth of the Liquid Dietary Supplements market, which is indicative of the industry's dedication to adapting to changing consumer preferences.
The global market for liquid dietary supplements is on the brink of significant long-term development, driven by a growing population that is placing a high value on their health and well-being. The demand for convenient and effective methods of supplementation is on the rise as individuals become more cognizant of the critical role that nutrition plays in their health. The liquid dietary supplement market is presented with a substantial opportunity as a result of this change in consumer behavior, as it provides a readily absorbed and readily ingested alternative to traditional pill-based supplements. This global increase in health awareness is the result of a combination of factors. Individuals have been enabled to assume responsibility for their health as a result of the increasing availability of information and the increase in disposable incomes. This newfound knowledge has resulted in a greater understanding of the significance of preventative healthcare and proactive measures to preserve optimal health. In addition, the growing incidence of chronic diseases, including diabetes, obesity, and cardiovascular disease, has further encouraged the implementation of preventative measures, such as dietary supplementation. The increasing popularity of liquid dietary supplements is significantly influenced by their convenience and simplicity of use.
Market segment insights
Vitamins, minerals, protein, amino acids, and other ingredients comprise the Liquid Dietary Supplements Market segmentation, which is based on constituents.
The market is segmented into bone disorders, cardiac health, gastrointestinal health, sports nutrition, weight management, and other applications based on application.
Based on the distribution channel, the Liquid Dietary Supplements Market segmentation comprises both online and offline channels.
In 2023, the North American Liquid Dietary Supplements market is anticipated to have the highest market share at 39.60% and a compound annual growth rate (CAGR) of 9.79%. In addition to a proactive approach to preventive healthcare, the region's consistent development can be attributed to factors such as a well-established health and wellness culture and high disposable income. The market is additionally stimulated by the growing popularity of liquid supplements as a convenient and effective method of addressing a wide range of health requirements.
In 2019, the liquid dietary supplements market in Europe was valued at USD 6,002.6 million. It is anticipated to increase to USD 8,955.8 million by 2023, with a projected market size of USD 17,148.1 million by 2030. The compound annual growth rate (CAGR) from 2023 to 2030 is 9.72%. The region's expansion is driven by an aging population, an increasing preference for liquid supplement formulations, and a growing consciousness of health and wellness.
The liquid dietary supplement market in the Asia-Pacific region has encountered significant growth. It grew from USD 7,362.1 million in 2019 to USD 11,466.8 million in 2023, with a projected market size of USD 23,644.7 million by 2030. Factors such as an expanding middle class, heightened health awareness, and increasing disposable incomes are the driving forces behind the Asia-Pacific market.
Abbott Laboratories Inc. (US), Nestle Health Science (Switzerland), Unilever (Switzerland), Herbalife International of America, Inc. (US), DSM Nutritional Products AG (Netherlands), Glanbia plc (Ireland), Liquid Health Inc. (US), Amway Corporation (US), and BASF SE (Ireland) are among the key companies in the Liquid Dietary Supplements market.
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