Dietary Supplements Market : Distribution Channel Forecast and Global Perspectives 2021-2028"
Dietary
Supplements Market Introduction
The dietary supplements market has witnessed substantial growth
worldwide due to increasing health awareness and the pursuit of a healthier
lifestyle. While established markets like North America and Europe have played
a significant role, emerging regions are becoming increasingly vital in shaping
the future of this industry. Store based segment accounted for the larger
market share in 2018, this market is expected to reach usd 8148.28 million in
2025 from usd 5369.56 million in 2018. this market is projected to grow at a
cagr of 6.19% during the forecast period from 2019 - 2025. however, non store
based segment is the fastest growing market, which is expected to grow at a
cagr of 7.34% during the forecast period 2019 - 2025.
Growing
aging population:
The aging population in emerging regions is another key driver of the dietary
supplements market. As people age, they are more likely to experience health
problems and may need to take dietary supplements to maintain their health and
well-being.
Rising
disposable incomes:
Rising disposable incomes are also driving the growth of the dietary
supplements market in emerging regions. Consumers with more disposable income
are more likely to spend money on preventive healthcare products and services,
such as dietary supplements.
Increasing
availability of dietary supplements: Dietary supplements are becoming increasingly available
through a variety of channels in emerging regions, including retail stores,
pharmacies, and online retailers. This makes it easier for consumers to find
and purchase the dietary supplements they need.
Enquiry
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The
emerging regions dietary supplements market is segmented by distribution
channel into:
Store-based: Store-based distribution channels
include retail stores, pharmacies, and department stores.
Non-store-based: Non-store-based distribution
channels include online retailers, direct-to-consumer sales, and multi-level
marketing.
Store-based
distribution channels are the largest segment of the emerging regions dietary
supplements market, accounting for over 60% of the market share in 2023. This
is due to the fact that store-based distribution channels offer consumers a
wider range of products to choose from and the convenience of being able to
purchase dietary supplements in person.
However, the
non-store-based distribution channel is expected to grow at the fastest CAGR
during the forecast period. This is due to the increasing popularity of online
shopping and the growing adoption of e-commerce in emerging regions. Online
retailers offer consumers a wider range of products to choose from and lower
prices than store-based retailers. Additionally, online retailers offer the
convenience of being able to shop from anywhere and at any time.
Key
players in the emerging regions dietary supplements market include:
Amway,
Abbott Laboratories, Nestle, Herbalife
International ,Glanbia, PepsiCo, Cliff Bar & Company, Science in Sports,
TheHut.com ,Cardiff Sports Nutrition, Nature's Bounty, NOW Foods, Himalaya
Global Holdings, Dabur India, Baidyanath Group, Zanda Pharmaceuticals ,Hamdard
Laboratories ,Patanjali Azured, Emami, Ajanta Pharma, Lupin, Cipla, Torrent
Pharma
These
companies offer a wide range of dietary supplements products, including
vitamins, minerals, herbal supplements, and sports nutrition products.
Key
trends in the emerging regions dietary supplements market include:
Growing demand
for personalized nutrition: Consumers in emerging regions are increasingly
looking for personalized nutrition solutions that can help them to achieve
their individual health goals. This is driving the demand for dietary
supplements that are tailored to specific needs, such as age, gender, health
status, and lifestyle.
Increasing
popularity of plant-based dietary supplements: Plant-based dietary supplements
are becoming increasingly popular in emerging regions, as consumers are looking
for natural and sustainable ways to improve their health. Some popular
plant-based dietary supplements include turmeric, ginger, and ashwagandha.
Growing
adoption of e-commerce: E-commerce is becoming an increasingly important
distribution channel for dietary supplements in emerging regions. Consumers are
finding it convenient and affordable to purchase dietary supplements online.
Enquiry
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