The global shift towards health and wellbeing seeing a predicted rise in consumer demand for dietary supplements. People are becoming increasingly concerned with promoting and supporting their health and with taking steps to improve their wellbeing and prevent deterioration.
According to Future Market Insights (FMI), the global Dietary Supplement Market is set to be valued at US$ 74.3 billion in 2024 and is expected to reach US$ 170.1 billion by 2034. Over the estimated period 2024 to 2034, global dietary supplement demand will likely increase at a CAGR of 9.5%.
Consumers these days genuinely care about their well-being. This apparent pattern highlights an increased consciousness of one’s own well-being and an active approach to preserving it. Dietary supplements for preventive care is becoming a more important part of everyday life for people who care about their health. In fact, the market for dietary supplements is seeing significant growth as a result of the broader health and wellness trend.
Weight management dietary supplements are becoming more and more popular as people struggle with obesity and search for healthier ways to reduce their weight.
The top categories for dietary supplments are:
- Weight Management
- Immune & Digestive Health
- General Health
- Heart Health
- Sports Nutrition
- Brain/Mental Health
- Bone & Joint Health
- Others
“Sales of nutritional, herbal, and vitamin supplements have increased significantly. Along with the established enterprises, a number of new ones have entered this industry in tandem with this increase. These producers are all actively looking for new ways to reach large consumer bases,” says Nandini Roy Choudhury, Client Partner for Food & Beverages at Future Market Insights.
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