Global Wellness Supplements Market Set to Grow with CAGR of 6.5% By 2025

Posted by peeterdbmr on November 20th, 2019

Global Wellness Supplements Market is expected to reach USD 384.30 Billion by 2025, from USD 204.72 million in 2017 growing at a CAGR of 6.5% during the forecast period of 2018 to 2025.

Wellness supplements are essential for maintaining healthy life. Supplements contain all the minerals in ample amount to meet the daily requirement for healthy life. Food supplement contains Calcium, Vitamin D, Folic Acid and Vitamin B12. Food supplements can be used by pregnant women because they contain folic acid in ample amount which is an essential requirement for them. Pregnant or breastfeeding women should probably take a multi, but need to discuss this with their health care providers.

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Competitive Analysis: Global Wellness Supplements Market

global wellness supplement market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wellness supplement market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Wellness Supplements Market

Some of the major players operating in the global wellness supplement market are Life Extension, OPTAVIA, Beachbody, LLC, Nature's Sunshine Products, Inc, Organo Gold., Thrive Life, LLC, Phytoscience  Trévo, Oriflame Cosmetics AG, Melaleuca Inc, Shaklee Corporation, Arbonne International, LLC., Forever Living.com, L.L.C, Juice Plus+, Herbalife International of America, Inc, and Isagenix Worldwide LLC, Nikken Inc., Wellness Resources, Inc., The Daily Wellness Company, Otsuka Holdings  Co. Ltd, Glanbia plc, Nestle, Nuskin, USANA Health Sciences, Inc. A and among others

Market Segmentation: Global Wellness Supplements Market

The global wellness supplement market is segmented based on product and geographical segments.

  • Based on product, the market is segmented into Dietary Supplements, Functional/Fortified Food & Beverages and Food intolerance products and Dermo-Cosmetic Skin Essentials.
  • Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Major Market Drivers and Restraints:

  • Increasing awareness towards healthy lifestyles
  • Increasing ageing population
  • Raising disposable income in developing incomes
  • Rising demands towards the healthy and cosmetic products
  • Lack of traditional food categories
  • High cost of supplement food products
  • Regulatory issues
  • Increasing incidence of health issues

Reasons to Purchase this Report

  • Current and future of global wellness supplement market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
  • Regions/countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report

  • The report includes the complete segmentation displayed above across all above mentioned countries
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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peeterdbmr
Joined: September 26th, 2019
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