Global Health Supplements Market Size, Share, Forecast Report, 2020-2027

Today majority of the adults around the world consume health supplements to improve their health. Health supplement is a product that contains health ingredient such as vitamins, minerals, botanicals, amino acids, enzymes, and many other products in the form of tablets, capsules, softgels, gelcaps, liquids, or powders for adding further nutritional value to the body.

Health supplements help in reducing the risk of diseases, however it cannot not be assumed as a substitute of a complete meal, which is necessary for a healthy diet. Health supplements also help for the treatment of rheumatic disorders, cardiology, and allergy. Thus, wide range of applications boost the growth of global health supplements market. Additionally increasing concern towards improving the quality of health is fuelling the growth of heath supplements market across the globe. According to the report published by the Council for Responsible Nutrition, in 2015, around 68% of Americans take dietary supplements and 84% of Americans are confident about the safety, quality, and effectiveness of the supplements.

Factors influencing the market growth of health supplements are growing awareness about the functional benefits of health supplements, increasing urbanization and changing lifestyles, growing concerns about maintenance of health to avoid later treatment, ensuring adherence to recommended dietary requirements, treating illnesses, preventing occurrence of diseases, growing influence of media, friends, and relatives, developing retail and pharmaceutical industries, and rapid advancements in product offerings.

However, negative publicity and false commitment are some of the factors, which may hamper the market growth. Moreover, lack of awareness about dosage of the supplements to be consumed is expected to restrain growth of the dietary supplements market during the forecast period.

The global health supplements market is expected to grow at a CAGR of 7.8% during the forecast period, 2017-2023.
Segmentations

The global Health Supplements market is segmented on the basis of types, by application, by ingredients and by end user.

On the basis of the type, it is segmented into dietary supplements, body building supplements, eye health supplements, specialty supplements, and others.

On the basis of the application, it is segmented into cardiology, rheumatic disorders, allergy, and others.

On the basis of the ingredients, it is segmented into vitamins & minerals, amino acids, botanicals, enzymes, and others.

On the basis of the end user, it is segmented into hospitals, clinics, research centers, and other.
Key Players

Some of key the players in the market are Herblife International (U.S.), BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Glanbia plc (Republic of Ireland), Abbott Laboratories (U.S.), Alticor Inc. (U.S.), The Nature's Bounty Co. (U.S.), Bayer AG (Germany), GlaxoSmithKline Limited (U.K)