The supplement industry is a booming business, and it’s only getting bigger.
Recent statistics show that the industry is worth over $150 billion and growing. People are investing in supplements more than ever before, and for good reason.
There are countless benefits to taking supplements, from improving overall health to boosting performance in sports or other activities.
Keep reading to learn more about the supplement industry and what it means for you.
What Are Dietary Supplements?
Dietary supplements are a big business.
But what exactly are dietary supplements? Dietary supplements are products that are intended to supplement the diet. They come in many different forms, including capsules, tablets, powders, and liquids.
They can be made from a variety of ingredients, including herbs, vitamins, minerals, and amino acids. While dietary supplements are widely available, it’s important to remember that they are not regulated by the FDA in the same way as medications.
As a result, they can vary widely in quality and effectiveness. Before taking any dietary supplement, it’s important to speak with your healthcare provider to ensure that it’s right for you.
Supplement Industry Statistics – Highlights
- The global dietary supplements market size was valued at USD 151.9 billion in 2021. It will likely expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030.
- Liquid form dietary supplements are expected to see the highest rate of growth in the next decade, compared to other players in the dietary supplement industry (like tablets and powders).
- Botanical ingredient supplements are the second largest growing areas for supplements and are expected to grow by more than 9%.
- In addition to the growth of the dietary supplement market in North America, demand for nutritional supplements is increasing elsewhere, too – the Asia Pacific global market saw the fastest annual growth rate of 9.02% due to increasing health-consciousness among consumers in this global dietary supplements market.
- In the next 6 years, sales of brain and mental health supplements will grow by 8.5%.
The global dietary supplements market size was valued at USD 151.9 billion in 2021. It will likely expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030.
Source: Grandview Research
This growth is being driven by a number of factors, including the aging population, the increasing prevalence of chronic diseases, and the growing interest in preventive health.
Dietary supplements are products that are taken orally and are intended to supplement the diet. They can come in a variety of forms, including capsules, tablets, powders, and liquids. dietary supplements are regulated as food products by the FDA.
Dietary supplements can be made from a variety of substances, including vitamins, minerals, herbs, amino acids, and enzymes.
Dietary supplements are sold in a variety of retail outlets, including drug stores, grocery stores, and mass merchandisers. dietary supplements are also sold online.
The global dietary supplements market is expected to continue to grow at a rapid pace due to the increasing demand for these products.
Vitamins accounted for more than 30% of the revenue share in 2021, with most sold to working professionals and sports athletes for weight management and energy.
Source: Grandview Research
The global sports nutrition supplements market is driven by the increasing awareness of the benefits of sports nutrition supplements among consumers and the wide availability of these products.
Sports nutrition supplements are available in various forms, such as powders, bars, capsules, and tablets.
These products are used to improve sports performance, improve muscle strength, reduce body fat, and enhance energy levels. sports nutrition supplements are available in both offline and online channels.
43.8% of gym-goers use nutrition supplements.
Source: BMC
These supplements are designed to improve athletic performance and help the body recover from strenuous exercise. Common ingredients in sports nutrition supplements include protein, amino acids, and creatine.
Sports nutrition supplements are one of the fastest-growing segments of the market.
While some experts believe that sports nutrition supplements can be beneficial for athletes, others caution that they can be dangerous if used improperly.
Supplements should always be taken as directed by a healthcare professional.
Liquid form dietary supplements are expected to see the highest rate of growth in the next decade, compared to other players in the dietary supplement industry (like tablets and powders).
Source: Fortune Business Insights
In today’s fast-paced world, more and more people are looking for ways to improve their health and vitality. dietary supplements are one way that people are trying to meet their health goals. The dietary supplement market is expected to see significant growth in the next decade, with liquid form supplements leading the way.
Compared to tablets and powders, liquid form supplements are easier to take and more easily absorbed by the body. vitamin and protein supplements are two of the most popular types of liquid form supplements on the market.
As people become more concerned about their health, they are increasingly turning to dietary supplements to help them meet their nutritional needs.
Botanical ingredient supplements are the second largest growing areas for supplements and are expected to grow by more than 9%.
Source: Grandview Research
According to a recent report, the global market for botanical ingredient supplements is expected to grow by more than 9% in the next few years.
This rising demand is driven by a number of factors, including an increasing interest in natural and herbal remedies, and a growing awareness of the health benefits of these ingredients. In addition, the availability of botanical supplements has increased significantly in recent years, thanks to advances in cultivation and extraction methods.
As a result, consumers now have greater access to these products than ever before. With so many benefits on offer, it’s no wonder that botanical ingredient supplements are becoming increasingly popular around the world.
Source: Fortune Business Insights
The COVID-19 pandemic increased the demand for immunity-boosting vitamins, herbs, and minerals, with these dietary supplements seeing a growth of 8.8%.
Source: Grandview Research
The COVID-19 pandemic has led to a surge in demand for immunity-boosting dietary supplements. These supplements, which include vitamins, herbs, and minerals, help to bolster the body’s natural defenses against illness.
In particular, they are thought to help reduce the severity of symptoms and shorten the duration of illness. Consequently, sales of these supplements have increased by 8.8%.
This increase is likely due to both the anxiety caused by the pandemic and the publicity surrounding the potential benefits of these supplements. As more people become aware of the role that diet plays in immunity, it is likely that the demand for these supplements will continue to grow.
In the next 6 years, sales of brain and mental health supplements will grow by 8.5%.
Source: Healthline
This growth is being driven by a number of factors, including an aging population, increased awareness of the importance of cognitive health, and the availability of more effective products. New delivery formats, such as powders and shots, are also making supplements more convenient and accessible.
And with the rise of digital health, consumers are increasingly turning to supplements as a way to proactively manage their mental well-being. As the market continues to grow, it’s likely that we’ll see even more innovation in brain and mental health supplements.
63% of consumers prefer to make their own decisions about which dietary supplements to take.
Source: NIH
This preference for autonomy may be due to the fact that dietary supplements are not regulated by the FDA in the same way as prescription drugs.
As a result, there is a lot of misinformation about supplements, and consumers may feel that they need to do their own research in order to make informed decisions.
In addition, many people feel that they know their own bodies best and that they should be the ones to decide which supplements are right for them.
Whatever the reason, it is clear that consumers value their ability to make their own decisions about supplements.
Protein and amino acids are nutritional supplements that are also seeing high growth – about 13.4%.
Source: Grandview Research
Protein and amino acids are important for many bodily functions, such as muscle growth and repair, immunity, and metabolism.
As people become more health conscious, they are increasingly turning to nutritional supplements to ensure that they are getting enough of these vital nutrients.
Protein and amino acids are particularly popular among athletes and bodybuilders, who need to maintain a high level of physical activity. However, they are also becoming more popular among the general population as people strive to live healthier lives.
Only 40% of consumers check with a doctor or health professional before taking dietary supplements, particularly herbal supplements.
Source: NIH
It’s interesting that only 40% of consumers check with a doctor or health professional before taking dietary supplements. The thinking is likely that if it’s natural, it must be safe. But that’s not always the case.
Just because a supplement is derived from a plant or herb doesn’t mean it can’t have side effects or interact with other medications you’re taking.
That’s why it’s always best to err on the side of caution and check with your doctor before taking anything, even if it is a natural dietary supplement.
59% of vitamin users have increased their daily intake since the outbreak of the COVID-19 pandemic.
Source: CRN Consumer Survey
This substantial growth is likely due to the general public becoming more aware of the importance of immune health.
Vitamins are essential nutrients that help our bodies function properly. While we can get some vitamins from food, many people also take supplements to ensure they are getting enough.
In addition to taking vitamins, people are also looking to functional foods to help boost their immunity. These are foods that have been designed to provide additional health benefits beyond basic nutrition. Some examples of functional foods include probiotic yogurt, omega-3 eggs, and dark chocolate.
While there is no one-size-fits-all approach to boosting immunity, taking steps to improve your diet is a good place to start.
36% of vitamin users take dietary supplements daily to boost their immunity, while 15% take them to improve their mood.
Source: NIH
This substantial growth can be attributed to the current health climate, as more people are looking for ways to boost their immunity. In addition, taking vitamins has been shown to improve mood and overall well-being.
As a result, many people view taking vitamins as a way to proactively improve their health.
However, it is important to consult with a healthcare professional before starting any new supplement regimen. They can help you choose the right products for your specific needs and ensure that you are taking them safely.
60% of the global population take vitamins or dietary supplements daily.
Source: NIH
According to a recent survey, 60% of the global population take vitamins or dietary supplements on a daily basis. This is especially common in North America, where vitamin D supplementation is recommended for all adults during the winter months.
However, the supplement industry is not without its critics. Some health experts argue that most people can get all the nutrients they need from a balanced diet, and that taking vitamin pills is a waste of money. Others worry about the potential side effects of taking large doses of certain vitamins, such as vitamin A.
However, there is no denying that nutritional supplements play an important role in many people’s lives. For some, they are a vital part of maintaining their health, while for others they provide a convenient way to ensure they are getting all the nutrients they need.
57% of Americans take dietary supplements to prevent potential health issues, while 55% take them to complement their diets.
Source: CDC
A recent survey found that 57% of Americans take dietary supplements to prevent potential health issues, while 55% take them to complement their diets.
This growth in the supplement market is due in part to the increasing popularity of functional foods, which are foods that have been fortified with vitamins, minerals, and other nutrients.
Many people believe that taking vitamins can improve their immune health and help prevent a wide range of diseases. While there is some debate about the effectiveness of dietary supplements, there is no doubt that they have become an important part of many people’s lives.
965 products tested by the Food and Drug Administration in the global dietary supplements market period of 2007 to 2019 were found positive for hazardous ingredients.
Source: Pew Trusts
Many popular dietary supplements contain hazardous ingredients, according to a study by the Food and Drug Administration.
The study, which tested 965 products in the global dietary supplements market, found that these products contained ingredients that could be harmful to consumers. The most common hazardous ingredient found in these products was lead, followed by undeclared drugs and undeclared allergens.
These findings are concerning, as many people take dietary supplements in order to improve their health. However, it is important to note that not all nutritional supplements are dangerous. In fact, many supplements are safe and effective when used as directed.
Consumers should be sure to research any supplement before taking it, and they should speak with a healthcare provider if they have any concerns.
78% of the US population that is 55 years old and older consume dietary supplements.
Source: CDC
According to a report by the Council for Responsible Nutrition, 78% of Americans aged 55 and older take dietary supplements on a regular basis.
This can be attributed to several factors, including an increased focus on immune health and the rise of functional foods. vitamins and other dietary supplements provide a convenient way to ensure that we are getting the nutrients we need to stay healthy.
As we age, our bodies become less efficient at absorbing nutrients from food, making supplements an essential part of many people’s diet. In addition, taking vitamins has been shown to provide numerous other health benefits, such as reducing the risk of chronic diseases.
With more people living longer and healthier lives, it’s no wonder that the demand for dietary supplements is on the rise.
Key players in the dietary supplements industry, as reflected by these and other supplement industry statistics, are Amway Corp, Abbott, Pfizer, Bayer, Nestle, GlaxoSmithKline, Herbalife, and others.
Source: Grandview Research
The key players mentioned are some of the biggest names in the business. These companies have a lot of influence in the industry, and their products are widely used by consumers.
Supplement use has been growing in recent years, as people become more interested in health and wellness. The products that these companies sell can help people to improve their health and achieve their fitness goals.
The dietary supplement industry is a big business, and these companies are at the forefront of it.
Final Thoughts
The supplement industry is booming, and it’s not hard to see why. With more people becoming health-conscious and interested in living a healthier lifestyle, the demand for supplements has skyrocketed.
Whether you are interested in taking a new dietary supplement or just want to know more about the global dietary supplement market growth, hopefully, these numbers have been helpful to you!
