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Wellness Supplements Market Size, Trends, Analysis, and Outlook By Product (Dietary Supplements, Functional Food & Beverages, Food Intolerance products, Dermo-Cosmetic Skin Essentials), By Application (Home Care, Hospitals, Others), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: W41CAD0CE43BEN
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The global Wellness Supplements market size is poised to register 6.1% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Wellness Supplements market across By Product (Dietary Supplements, Functional Food & Beverages, Food Intolerance products, Dermo-Cosmetic Skin Essentials), By Application (Home Care, Hospitals, Others)

With the increasing consumer interest in health and wellness, there is a rising demand for dietary supplements to support overall well-being, boost immune function, and address specific health concerns. Market growth is driven by factors such as expanding aging population, the growing prevalence of chronic diseases and lifestyle-related conditions, and shifting consumer preferences towards natural and preventive healthcare solutions. Additionally, the expanding availability of wellness supplements such as vitamins, minerals, botanicals, and probiotics, as well as the rising adoption of personalized nutrition and functional foods, contribute to market expansion. Further, the development of evidence-based formulations and clinical research, the adoption of quality standards and regulatory compliance, and the emphasis on transparency and consumer education are expected to further propel market growth in the coming years.

Wellness Supplements Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Wellness Supplements market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Wellness Supplements survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Wellness Supplements industry.

Key market trends defining the global Wellness Supplements demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Wellness Supplements Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Wellness Supplements industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Wellness Supplements companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Wellness Supplements industry

Leading Wellness Supplements companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Wellness Supplements companies.

Wellness Supplements Market Study- Strategic Analysis Review

The Wellness Supplements market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Wellness Supplements Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Wellness Supplements industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Wellness Supplements Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Wellness Supplements Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Wellness Supplements market segments. Similarly, Strong market demand is encouraging Canadian Wellness Supplements companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Wellness Supplements market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Wellness Supplements Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Wellness Supplements industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Wellness Supplements market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Wellness Supplements Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Wellness Supplements in Asia Pacific. In particular, China, India, and South East Asian Wellness Supplements markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Wellness Supplements Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Wellness Supplements Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Wellness Supplements market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Wellness Supplements.

Wellness Supplements Market Company Profiles

The global Wellness Supplements market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Abbott Laboratories, Amway Corp, Archer Daniels Midland Company, Banyan Botanicals Corp, Bayer AG, Fungi Perfecti LLC, Gaia Herbs Inc, Garden of Life LLC, Glanbia PLC, GNC Holdings Inc, Haleon PLC, Herb Pharm LLC, Herbaland Naturals Inc, Herbalife Nutrition Ltd, Herbalist & Alchemist Inc, Jamieson Intermediate Holdings Ltd, MegaFood LLC, Nestle SA, New Chapter Inc, Olly Nutrition, Otsuka Pharmaceutical Co Ltd, Pfizer Inc, Pukka Herbs Ltd, Ritual Foods Pvt Ltd, Shaklee Corp, Suntory Holdings Ltd, The Bountiful Company, Traditional Medicinals Inc, USANA Health Sciences Inc.

Recent Wellness Supplements Market Developments

The global Wellness Supplements market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Wellness Supplements Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Product

Dietary Supplements

-Vitamin Supplements

-Mineral Supplements

-Protein Supplements

-Herbal Supplements

Functional Food & Beverages

-Omega Fatty Acids Fortified Food

-Probiotic Fortified Food

-Branded Iodinated Salt

-Branded Wheat Flour

-Energy Drinks

-Sports Drinks

-Fortified Juices

Food Intolerance products

-Gluten-free Foods

-Lactose-free Foods

-Diabetic Foods

-Others

Dermo-Cosmetic Skin Essentials

-Anti-Aging Supplements

-Anti-Cellulite Supplements

-Anti-Acne Supplements

By Application

Home Care

Hospitals

Others

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Abbott Laboratories

Amway Corp

Archer Daniels Midland Company

Banyan Botanicals Corp

Bayer AG

Fungi Perfecti LLC

Gaia Herbs Inc

Garden of Life LLC

Glanbia PLC

GNC Holdings Inc

Haleon PLC

Herb Pharm LLC

Herbaland Naturals Inc

Herbalife Nutrition Ltd

Herbalist & Alchemist Inc

Jamieson Intermediate Holdings Ltd

MegaFood LLC

Nestle SA

New Chapter Inc

Olly Nutrition

Otsuka Pharmaceutical Co Ltd

Pfizer Inc

Pukka Herbs Ltd

Ritual Foods Pvt Ltd

Shaklee Corp

Suntory Holdings Ltd

The Bountiful Company

Traditional Medicinals Inc

USANA Health Sciences Inc

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Wellness Supplements Market Overview and Key Findings, 2024
1.2 Wellness Supplements Market Size and Growth Outlook, 2021- 2030
1.3 Wellness Supplements Market Growth Opportunities to 2030
1.4 Key Wellness Supplements Market Trends and Challenges
  1.4.1 Wellness Supplements Market Drivers and Trends
  1.4.2 Wellness Supplements Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Wellness Supplements Companies

2. WELLNESS SUPPLEMENTS MARKET SIZE OUTLOOK TO 2030

2.1 Wellness Supplements Market Size Outlook, USD Million, 2021- 2030
2.2 Wellness Supplements Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. WELLNESS SUPPLEMENTS MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. WELLNESS SUPPLEMENTS MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Product
Dietary Supplements
-Vitamin Supplements
-Mineral Supplements
-Protein Supplements
-Herbal Supplements
Functional Food & Beverages
-Omega Fatty Acids Fortified Food
-Probiotic Fortified Food
-Branded Iodinated Salt
-Branded Wheat Flour
-Energy Drinks
-Sports Drinks
-Fortified Juices
Food Intolerance products
-Gluten-free Foods
-Lactose-free Foods
-Diabetic Foods
-Others
Dermo-Cosmetic Skin Essentials
-Anti-Aging Supplements
-Anti-Cellulite Supplements
-Anti-Acne Supplements
By Application
Home Care
Hospitals
Others
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Wellness Supplements Market, 2025
5.2 Asia Pacific Wellness Supplements Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Wellness Supplements Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Wellness Supplements Market, 2025
5.5 Europe Wellness Supplements Market Size Outlook by Type, 2021- 2030
5.6 Europe Wellness Supplements Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Wellness Supplements Market, 2025
5.8 North America Wellness Supplements Market Size Outlook by Type, 2021- 2030
5.9 North America Wellness Supplements Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Wellness Supplements Market, 2025
5.11 South America Pacific Wellness Supplements Market Size Outlook by Type, 2021- 2030
5.12 South America Wellness Supplements Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Wellness Supplements Market, 2025
5.14 Middle East Africa Wellness Supplements Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Wellness Supplements Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Wellness Supplements Market Size Outlook and Revenue Growth Forecasts
6.2 US Wellness Supplements Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Wellness Supplements Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Wellness Supplements Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Wellness Supplements Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Wellness Supplements Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Wellness Supplements Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Wellness Supplements Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Wellness Supplements Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Wellness Supplements Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Wellness Supplements Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Wellness Supplements Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Wellness Supplements Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Wellness Supplements Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Wellness Supplements Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Wellness Supplements Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Wellness Supplements Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Wellness Supplements Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Wellness Supplements Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Wellness Supplements Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Wellness Supplements Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Wellness Supplements Industry Drivers and Opportunities

7. WELLNESS SUPPLEMENTS MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. WELLNESS SUPPLEMENTS COMPANY PROFILES

8.1 Profiles of Leading Wellness Supplements Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Abbott Laboratories
Amway Corp
Archer Daniels Midland Company
Banyan Botanicals Corp
Bayer AG
Fungi Perfecti LLC
Gaia Herbs Inc
Garden of Life LLC
Glanbia PLC
GNC Holdings Inc
Haleon PLC
Herb Pharm LLC
Herbaland Naturals Inc
Herbalife Nutrition Ltd
Herbalist & Alchemist Inc
Jamieson Intermediate Holdings Ltd
MegaFood LLC
Nestle SA
New Chapter Inc
Olly Nutrition
Otsuka Pharmaceutical Co Ltd
Pfizer Inc
Pukka Herbs Ltd
Ritual Foods Pvt Ltd
Shaklee Corp
Suntory Holdings Ltd
The Bountiful Company
Traditional Medicinals Inc
USANA Health Sciences Inc.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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