The liquid dietary supplements market accounted for $21,685.72 million in 2019, and is expected to reach $27,732.27 million by 2027, registering a CAGR of 4.0% from 2020 to 2027. According to the consumer survey of Council for Responsible Nutrition’s (CRN), more than 70% women in the U.S. (around 113 million female consumers) prefer taking supplements on regular basis. The same survey reveals that top concerns for taking dietary supplements such as overall wellness accounts for 57%, bone health for 31% and healthy aging for 27%. Along with prominent shift of society toward preventive and healthier lifestyle, coupled with growth in consumers including children and aged population, choosing nutrition supplements in their daily routines are expected to propel growth of the global liquid dietary supplements market. However, fake product marketing and violation of regulations regarding label of products are anticipated to restrain growth of the liquid dietary supplements market.
Liquid dietary supplements are nutritional supplements that are available in fluid form. They are usually consumed to enhance body metabolism and reduce occurrences of lifestyle disorders. Liquid dietary supplements are largely used by consumers that are unable to consume dietary supplements in capsule, thick gel, and solid tablet forms.
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Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest market share in 2019, and is expected to retain its dominance throughout the forecast period. This is attributed to factors such as presence of major market players in this region, which are introducing quality products to capture maximum market share. In addition, government support for research & development and availability of funds for research fuel the market growth. Moreover, the U.S. is the target area for top players in the market, owing to high awareness regarding dietary supplements devices. However, Asia-Pacific and LAMEA are expected to emerge as lucrative areas with maximum growth potential, owing to investments in new inventions, general economic conditions, increase in number of athletes and sports professionals, increase in the economy, and rise in health risks and diseases, which can be controlled by consumption of dietary supplements.
The global liquid dietary supplements market is segmented on the basis of ingredient, application, distribution channel, and region. On the basis of ingredient, it is categorized into vitamins & minerals, botanical, proteins & amino acids and others. On the basis of application, it is categorized into bone & joint health, heart health, immune health, sports nutrition, weight loss, and others. On the basis of distribution channel, it is categorized into hypermarkets/supermarkets, health & beauty retail stores, drug stores, and online pharmacies & e-commerce sites. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
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Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global liquid dietary supplements market along with the current trends and future estimations to elucidate the imminent investment pockets.
– It offers a quantitative analysis from 2019 to 2027, which is expected to enable stakeholders to capitalize on prevailing market opportunities.
– The key market players and their strategies have been analyzed to understand the competitive outlook of the global liquid dietary supplements market.
LIST OF KEY PLAYERS PROFILED IN THE REPORT
– Abbott Laboratories
– Bayer
– Herbalife International
– Koninklijke DSM
– BASF
– DuPont Nutrition & Biosciences
– GlaxoSmithKline
– Amway
– Glanbia
– Liquid Health, Inc.
KEY MARKET SEGMENTS
By Ingredient
– Vitamins & Minerals
– Botanical
– Proteins & Amino Acids
– Others
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By Application
– Bone & Joint health
– Heart Health
– Immune health
– Sports nutrition
– Weight Loss
– Digestive health
– Others
By Distribution Channel
– Hypermarket/Supermarket
– Health & Beauty retail stores
– Drug Stores
– Online pharmacies & e-commerce sites
By Region
North America
– U.S.
– Canada
– Mexico
Europe
– Germany
– UK
– France
– Italy
– Spain
– Rest of Europe
Asia-Pacific
– Japan
– China
– India
– Australia
– Rest of Asia-Pacific
LAMEA
– Brazil
– Saudi Arabia
– South Africa
– Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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