Vitamins Supplements Market Accounting for US$ 81,000 Mn by the end of 2025

Posted by ashutosh sable on December 11th, 2017

Various dietary or nutritional supplements are provided to people to help them cure their body deficiencies. These supplements include vitamins, provitamins, and nutrients. Vitamin supplements are of various types such as multi vitamin, Vitamin B, Vitamin C, Vitamin D etc. The global market for vitamin supplements is expected to exhibit a robust growth surge with the increase in health awareness among people.

Persistence Market Research has come up with its new market research report on the global vitamin supplements market titled ‘Vitamin Supplements Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)’. It gives an overview of the vitamin supplements market scenario and the contribution of various segments during the forecast period. According to the market analysis by Persistence Market Research, the global vitamin supplements market is expected to reach a market value of over US$ 48,500 Mn by 2017 end. It is anticipated that the market will witness a market value of more than US$ 81,000 Mn by the end of forecast period. i.e. 2025, registering a robust CAGR of 6.6% during the forecast period.

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The global vitamin supplements market is experiencing a hike due to various factors. One of the major reasons is increase in healthcare costs. Healthcare costs have doubled in the past few years, which has led to people inclining more towards vitamin supplements as these supplements boost immunity and cure many dysfunctionalities. There are other factors too that are encouraging the growth of the global vitamin supplements market like increase in use of vitamins in the form of gummies by children, increase in demand for vitamin supplements by the geriatric population, and increase in awareness among people about vitamin supplements.

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However there are also a few factors that are limiting the growth of the global vitamin supplements market. Change in regulatory scenario has affected the overall market as new regulations have included vitamin supplements in the food category and not in the drug category. Some vitamin supplements manufacturers are also blamed for making false promises and many articles on such cases are responsible for negative publicity of vitamin supplements. This has resulted in a negative impact on the global vitamin supplements market.

The competitive scenario presented in the research report exhibits brief profiles of top market companies. Major players profiled in the global vitamin supplements market research report are Glanbia PLC, Herballife International of America, NaturaMarks etc.