“Global Dietary Supplements Market, by Ingredient (Botanicals, Vitamins, Minerals, Amino acids, Enzymes, Others), By Type (Tablets, Capsules, Powder, Liquids), By Application, (Additional Supplements, Medicinal Supplements, Sports Nutrition), By End-User (Children, Adults, Old-Aged), as well as by Region – Global Forecast 2020 to 2029.”, which offers a comprehensive view of the Global Dietary Supplements Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $203.6 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Dietary supplements are substances that individuals may use to add nutrients to their respective diets or to lower the risk of certain health problems, such as arthritis or osteoporosis. These supplements may be in the form of pills, powders, capsules, liquids, gels tabs or extracts.
The increasing adoption of sedentary lifestyles by a large portion of individuals across the world is leading to higher incidence rates of various chronic diseases such as diabetes, obesity, heart disease, atherosclerosis, strokes, etc. Moreover, drastic changes being observed among individuals with regards to the maintenance of a balanced diet owing to hectic lifestyles, unhealthy work-life balance, etc., is leading to the increase in the demand for these supplements. These are some of the primary factors that anticipated to continue to boost the opportunities for increase revenue growth of the global dietary supplements market in the coming years. Furthermore, the inevitable onset of sarcopenia, a condition that is characterized by the degenerative loss of skeletal muscle mass, found more frequently among older generations, and the fact that the geriatric population of the world is expected to cross the 2 billion-mark by 2050, is also a factor that is anticipated to augment the revenue growth of the global dietary supplements market in the foreseeable future. These aforementioned factors are some of the most crucial factors that are anticipated to play a critical role in catapulting the projected revenue of the Global Dietary Supplements Market to USD $277.8 Mn by 2029, at a CAGR of 8.3%.
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