Vitamin Supplements Market Forecast To Grow USD 71.37 Billion By 2028Posted by rahul nikade on November 8th, 2022 Vitamin Supplements Industry Overview The global vitamin supplements market size was valued at USD 44.12 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. The market is expected to be driven by a rising number of health-conscious consumers and an increasing preference for vitamins in daily diet. The COVID-19 pandemic highlighted the need for vitamin consumption. The National Institute for Health and Care Excellence (NICE) of the U.K. stated that vitamin D is important for bone and muscle health and helps boost the body's immune response to respiratory viruses. Additionally, it is recommended that adults (including pregnant women and breastfeeding women), children, and young people over the age of four years should contribute 10 micrograms of vitamin D daily to their diet. Vitamins can boost immunity, which is one of the critical factors in prevention against COVID-19 as individuals with poor immunity are observed to be at higher risk for the disease. Therefore, the emergence of COVID-19 is likely to fuel the consumption of vitamin supplements. Gather more insights about the market drivers, restrains and growth of the Global Vitamin Supplements Market Moreover, vitamins including vitamin A (retinol and carotenoids), B, C (ascorbic acid), D (cholecalciferol), and E are offered in combination as well as individual supplements. Vitamin A supports muscular and ophthalmic health, vitamin E helps repair DNA and strengthen the immune system, and vitamin D is necessary for bone health. Vitamin B is available as B-complex products and individual supplements of B1, B2, and B12, intended to be used for specific ailments, for instance, Vitamin B12 aids in the prevention of megaloblastic anemia. Consumer awareness regarding the association between diet and health has increased the demand for dietary supplements. Factors fueling interest in these supplements include increasing healthcare costs, burgeoning aging population, and rising interest in attaining wellness through diet. Especially, multivitamin supplements are widely consumed by working professionals and sports athletes. Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports
Vitamin Supplements Market Segmentation Grand View Research has segmented the global vitamin supplements market on the basis of type, form, distribution channel, and region: Vitamin Supplements Type Outlook (Revenue, USD Million, 2017 - 2028)
Vitamin Supplements Form Outlook (Revenue, USD Million, 2017 - 2028)
Vitamin Supplements Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
Vitamin Supplements Regional Outlook (Revenue, USD Million, 2017 - 2028)
Market Share Insights
Key Companies profiled: Some prominent players in the global vitamin supplements market include:
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