PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652085
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652085
The dietary supplements market size is expected to reach USD 454.38 billion by 2034, according to a new study by Polaris Market Research. The report "Dietary Supplements Market Size, Share, Trends, Industry Analysis Report: By Type (Vitamins, Minerals, Amino Acids, Botanicals, Probiotics, Enzymes, and Others); Form; Application; Distribution Channel, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The dietary supplements market has grown significantly in recent years, driven by increasing awareness of health and wellness, rising consumer interest in preventive healthcare, and the growing demand for personalized nutrition. Consumers are becoming more health-conscious and prioritize maintaining overall well-being. Thus, the market for dietary supplements has expanded, offering a wide range of products targeting various health concerns. Vitamins, minerals, probiotics, amino acids, and botanicals are among the most commonly consumed supplements, contributing to the market's growth and diversification.
The increasing prevalence of chronic diseases and lifestyle-related health issues has led to a surge in demand for supplements that support immune health, bone and joint function, mental clarity, and cardiovascular health which is driving the dietary supplements market expansion. Moreover, busy lifestyles and poor dietary habits have made supplements a convenient and effective solution for bridging nutritional gaps. The growing trend of fitness and bodybuilding, particularly among younger consumers, has further fueled the demand for protein supplements and performance-enhancing products.
The dietary supplements market outlook remains positive, with continued growth expected over the forecast period. The increasing availability of supplements through online retail platforms, along with rising disposable incomes and greater access to health information, is contributing to market expansion. The market size is expected to continue expanding as consumers increasingly view supplements as an essential part of their daily health treatment.
In terms of type, the vitamins segment accounted for the largest market share in 2024, due to the increasing consumer focus on immune health and overall wellness.
The adult segment, based on end use, is expected to witness the fastest growth over the forecast period due to the rising demand for supplements that support overall health, fitness, and the management of lifestyle-related conditions, coupled with increasing awareness of the importance of preventive healthcare.
In 2024, North America accounted for the largest dietary supplements market share due to high consumer awareness of health and wellness.
The market in Asia Pacific is expected to witness the highest CAGR over the forecast period due to rising disposable incomes and increasing health consciousness.
A few global key market players include Abbott Laboratories; Glanbia Plc; The Archer-Daniels-Midland Company; Nature's Sunshine Products, Inc.; GlaxoSmithKline plc; Amway Corp.; Herbalife International of America, Inc.; XanGo, LLC; PharmaNutrics Himalaya Global Holdings Ltd.; Nutraceutics Corp.; Pfizer Inc.; and Bayer AG.
Polaris Market Research has segmented the dietary supplements market report on the type, form, application, distribution channel, end use, and region: