PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625371
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625371
The global liquid dietary supplements market size is expected to reach USD 78.53 billion by 2034, according to a new study by Polaris Market Research. The report "Liquid Dietary Supplements Market Size, Share, Trends, Industry Analysis Report: By Ingredient Type (Vitamins & Minerals, Proteins & Amino Acids, Omega Fatty Acids, Probiotics & Prebiotics, and Others); Type; Application; Distribution Channel; End User; and Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The liquid dietary supplements market is anticipated to have significant growth due to the rising demand for convenient and readily available consumable nutritional products. Additionally, in 2023, according to the World Social Report, a significant rise in the global population with an age of 65 years and above is set to increase from 771 million in 2022 to 1.6 billion by 2050. Moreover, individuals with an age of 80 and above will be growing even faster. Such trends signify increasing geriatric population is further projected to contribute to boosting product demand.
The increasing consumption of liquid nutritional supplements across various applications, such as sports immune health, is projected to contribute to overall market growth. New product launches by major market participants focusing on weight loss and overall health is further projected to drive the demand for dietary supplements. For instance, in Feb 2024, Herbalife launched the Herbalife GLP-1 Nutrition Companion, featuring food and supplement combos customized for individuals on GLP-1 and other weight loss medications.
People are increasingly opting for liquid supplements due to their convenience in oral administration and quick absorption, which majorly benefits individuals having digestive disorders and dysphagia. For instance, in February 2024, Nature Made introduced adult multivitamin gummies customized for individuals with difficulty swallowing pills.
The protein & amino acids segment is anticipated to witness the highest growth due to the growing demand for this segment in the sports and fitness sectors.
The sports nutrition segment accounted for the significant growth rate owing to the rising demand for liquid proteins among athletes and bodybuilders.
The OTC segment is projected to experience a larger revenue share due to the increasing sales through OTC channels.
Asia Pacific is projected to register the highest growth during the forecast period, attributable to growing demand for convenient and on-the-go nutritional products.
The global players include Abbott Laboratories Inc., Amway Corporation, DSM Nutritional Products AG, Glanbia plc & Herbalife International of America.
Polaris Market Research has segmented the liquid dietary supplements market report based on ingredient type, type, application, distribution channel, end user, and region: