The North America Dietary Supplements Market is
expected to reach USD 68.22 billion by 2025, according to a new report
by Grand View Research, Inc. Rising consumer awareness regarding proper
weight management and improvement of muscular strength is likely to
boost the demand of nutrients such as vitamins, minerals, and enzymes in
North America, over the years ahead.
Consumers
belonging to all age groups are focusing on enhancing their diet intake
through utilization of nutritional food ingredients, owing to
increasing publicity through media houses and e-commerce portals is
expected to promote the scope of nutraceuticals including dietary
supplements.
Leading
corporates including Microsoft, IBM, ExxonMobil, AT&T, GM, and GSK
have increased expenditure for the development of gymnasiums and fitness
centers in their commercial offices. As a result, the health &
wellness segment is expected to witness a noteworthy increase that is
ultimately expected to play a crucial role in promoting the use of
dietary supplements over the forecast period.
To Request for Sample Copy of this report: http://www.grandviewresearch.com/industry-analysis/north-america-dietary-supplements-market
Further key findings from the report suggest:
- In terms of revenue, minerals segment is estimated to be one of the fastest growing segments and is likely to expand at a CAGR of 6.7% over the forecast period, owing to significant usage of mineral-based dietary supplements in the U.S. and Canada
- Liquid product segment is expected to provide considerable scope for market growth and is estimated to account for a revenue of USD 10.40 billion by 2025, as a consequence of rising clinical nutrition products demand for prevention of malnutrition
- Medicinal supplements application constituted a revenue of USD 6.40 billion in 2016 and is likely to expand at a robust growth rate by 2025, owing to rising health risks pertaining to cardiovascular, obesity, and gastrointestinal disorders
- Mexico is projected to witness fastest industry growth during the forecast period, owing to rising usage of ingredients such as botanicals and vitamins among children, infants, and adult age groups
- Amway Corporation, Pfizer Inc., NBTY, Inc., and Herbalife International are the key players that collectively accounted for over 15% market share of the global industry in 2016
- Companies are focusing on strengthening their presence as key players, by forward integrating their business operations across the value chain and through implementing strategies such as distribution agreements and new product launches. In April 2016, Amway Corporation launched a new sports nutrition product line to cater to the regional demand.
Read Our Blog: http://www.grandviewresearch.com/blogs/food-and-beverages
Grand
View Research has segmented the North America dietary supplements
market on the basis of ingredient, product, application, end-use, and
region:
Ingredient Outlook (Revenue, USD Million; 2014 - 2025)
- Botanicals
- Vitamins
- Minerals
- Amino Acids
- Enzymes
- Others
Product Outlook (Revenue, USD Million; 2014 - 2025)
- Tablets
- Capsules
- Powder
- Liquids
- Soft Gels
- Gel Caps
Application Outlook (Revenue, USD Million; 2014 - 2025)
- Additional Supplements
- Medicinal Supplements
- Sports Nutrition
End-use Outlook (Revenue, USD Million; 2014 - 2025)
- Infants
- Children
- Adults
- Pregnant Women
- Old-aged
Region Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- US.
- Canada
- Mexico
Access Press Release of this Report: http://www.grandviewresearch.com/press-release/north-america-dietary-supplements-market-analysis
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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