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Global Vitamins And Minerals Supplements Market

June 26, 2019

Global Vitamins And Minerals Supplements Market, By Product Type (Vitamin Type (Vitamin B Complex, Vitamin B1 (Thiamin), Vitamin B2 (Riboflavin), Vitamin B3 (Niacin), Vitamin B5 (Pantothenic Acid), Vitamin B6 (Pyridoxine), Vitamin B9 (Folic Acid), Vitamin C (Ascorbic Acid), and Others) and Minerals Type (Micro Minerals and Macro Minerals), By Form (Tablet, Capsules, Powder, Liquids, Soft Gels, Gummies, and Others), By Prescription (OTC and Prescribed), By Application (General Health, Bone & Joint Health, Energy & Weight Management, Immunity, Diabetes, Cardiac Health, Anti-cancer, and Others), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR607      
Pages :199 Pages
Format :   PPT Format   PDF Format

The global vitamins and minerals supplements market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). The global vitamin and minerals supplements market is structured to fulfill all the nutritional requirements and reimburse the nutritional breach in our diet. They are much needed due to the rising occurrences of lifestyle related diseases such as  heart disease, stroke, and type 2 diabetes amongst the working people. The shortage of minerals and vitamins is very harmful for our health and results in depletion in productivity. The steps taken by government and the rising awareness about the need for vitamins and minerals in human body has increased the demand of vitamins and minerals supplements market.

Table 1. Global Vitamins And Minerals Supplements Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Product Type)

Vitamin Type (Vitamin B Complex, Vitamin B1 (Thiamin), Vitamin B2 (Riboflavin), Vitamin B3 (Niacin), Vitamin B5 (Pantothenic Acid), Vitamin B6 (Pyridoxine), Vitamin B9 (Folic Acid), Vitamin C (Ascorbic Acid), and Others) and Minerals Type (Micro Minerals and Macro Minerals)

Market Segmentation (By Form)

Tablet, Capsules, Powder, Liquids, Soft Gels, Gummies, and Others

Market Segmentation (By Prescription)

OTC and Prescribed

Market Segmentation (By Application)

General Health, Bone & Joint Health, Energy & Weight Management, Immunity, Diabetes, Cardiac Health, Anti-cancer, and Others

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

Key Players Coverage

Blackmores Ltd., Amway, Naturalife Asia Co., Integrated BioPharma, Inc., Herbalife Ltd., NBTY, Inc., Omega Protein Corporation, Bayer AG, Ltd., Nu Skin Enterprises, Inc., Nu Skin Enterprises, Inc., BASF SE, Epax AS, Koninklijke DSM N.V., Surya Herbal Ltd., Bio-Botanica Inc., Ricola AG, Pharmavite LLC, Blackmores Ltd., The Himalaya Drug Company, and Axellus AS, among others.

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Increasing awareness about lack of nutrients in our body such as iron deficiency, iodine deficiency and others and dynamic lifestyle are the key elements contributing to drive growth of the global market. The study conducted by some researchers in Singapore General Hospital and DUKE-NUS Medical School found that patients who received immunomodulatory agents like Vitamin-D, Vitamin-B12 and magnesium had a protective effect against respiratory tract infection or older patients with COVID-19. Additionally, multivitamins and immunity boosters saw a significant jump in COVID-19 pandemic, especially on the online platforms. Netmeds saw a 119% growth in sales of multivitamins during the month of April and May 2020 as compared to the month of February and March 2020. Thus, to combat this deadly pandemic, vitamins and minerals market proved to have a remarkable growth in the coming years.

Furthermore, increasing expenditure on food and beverages, rising per capita income level, enhancing living standard amongst consumers, surging awareness in terms of nutritional food intake among public, are some of the elements driving the growth of the global vitamins & minerals supplements market. For instance, in 2019,  the U.S. consumers, businesses, and government entities spent approximately $1.77 trillion on food and beverages in grocery stores and is expected to rise in forecast period.

However, several regid regulatory framework on supplements consumption curb acts as a restraint for the growth of the market.

Figure 1. PORTER’S Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America holds the major share of the vitamins and minerals supplements market followed by Europe and Asia-Pacific. The growth of North America is attributed to the radioisotope production and company initiatives to support the growth of the market by the funding and product development respectively. Increasing awareness among the public and initiatives taken by the government plays vital role in growth of vitamins and minerals supplement market. For instance, as per the Functional Foods Consumer Survey, it was estimated that consumer is liable towards knowing about functional foods. Approximately nine out of ten Americans (86%) have shown interest in gaining more knowledge in terms of foods that have health advantages yonder basic nutrition.

Figure 2. Regional Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Key players in the global vitamins and minerals supplements market include: Blackmores Ltd., Amway, Naturalife Asia Co., Integrated BioPharma, Inc., Herbalife Ltd., NBTY, Inc., Omega Protein Corporation, Bayer AG, Ltd., Nu Skin Enterprises, Inc., Nu Skin Enterprises, Inc., BASF SE, Epax AS, Koninklijke DSM N.V., Surya Herbal Ltd., Bio-Botanica Inc., Ricola AG, Pharmavite LLC, Blackmores Ltd., The Himalaya Drug Company, and Axellus AS, among others.

The players have adopted strategies such as new and exciting product innovations, widening agreements, partnerships, joint ventures, and others to grow their brand value in the market. For instance, in May 2020, Aamway introduced, Nutrilite Vitamin C Extended Release tablet which contains plant-based vitamin C for all-day immune assistance and boosting. Also, it is made up of acerola cherries, which is one of the nature’s finest concentrated forms of vitamin C, and it is been committed that just a single tablet consumption is equivalent to seven vitamins C tablets. .

Figure 3. Market Share of Key Players, 2019

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

 

By Product Type

  • By Vitamin Type
    • Vitamin B Complex
    • Vitamin B1 (Thiamin)
    • Vitamin B2 (Riboflavin)
    • Vitamin B3 (Niacin)
    • Vitamin B5 (Pantothenic Acid)
    • Vitamin B6 (Pyridoxine)
    • Vitamin B9 (Folic Acid)
    • Vitamin C (Ascorbic Acid)
    • Others
  • By Minerals Type
    • Micro Minerals
    • Macro Minerals

By Form

  • Tablet
  • Capsules
  • Powder
  • Liquids
  • Soft Gels
  • Gummies
  • Others

By Application

  • General Health
  • Bone & Joint Health
  • Energy & Weight Management
  • Immunity
  • Diabetes
  • Cardiac Health
  • Anti-Cancer
  • Others

By Prescription

  • OTC
  • Prescribed

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides in-depth analysis of the global vitamins and minerals supplements market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global vitamins and minerals supplements market?
  • What key factors are expected to increase the demand for vitamins and minerals supplements market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global vitamins and minerals supplements market?
  • What is the total market value (US$ Mn) generated in global vitamins and minerals supplements market by product type in 2019 and what are the forecasts by 2025?
  • Which application is expected to dominate the vitamins and minerals supplements market in the coming years?
  • Which prescription is expected to foster the vitamins and minerals supplements market growth?
  • Which form contribute highest CAGR (%) in the vitamins and minerals supplements market?
  • What was the total revenue generated by the global vitamins and minerals supplements market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global vitamins and minerals supplements market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the vitamins and minerals supplements market?
  • What are the major outcomes derived from the Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have huge impact on the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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