Wellness Supplements Market 2020-2028 Analysis by Size, Product, Region, Investment, New Business Opportunities and Future Trends

Wellness Supplements Market To Grow From USD 215.66 Billion In 2020 To USD 368.07 Billion By 2028and is set to record a CAGR of over 7% during the forecast period

Dallas, United States - October 29, 2020 /MarketersMedia/ —

APAC to Serve as Conducive Growth Spots  Backed by Consumer Spending on Healthcare

Growing consumer preferences for healthy food consumption patterns is likely to drive growth maximization in global wellness supplements market.Rise in geriatric populace and associated health conditions is a significant driver supporting large scale adoption. Further, developing nations are emerging as novel growth hubs supporting wellness supplements as these countries are witnessing massive industrialization and foreign investments, thus having improved income sources with higher spending capabilities. Factors as such are estimated to increasingly favor ample growth in wellness supplements market, finds out Adroit Market Research.

Wellness supplements are categorized as highly nutritional products that are consumed to elevate nutritional value of the consumers. Growing prevalence of certain health conditions such as abdominal and digestive ailments are likely to trigger larger adoption rates in forthcoming years. Wellness supplements, to adequately align with consumer needs are available in a wide variety of categories comprising dietary products, fortification supplements, skin care wellness products and functional foods.

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Leading players are -Nestle S.A., Abbott Laboratories, Amway, Otsuka Holdings Co., Ltd., Herbalife Ltd., Archer Daniels Midland Company, Glanbia plc, NBTY Inc., GNC Holdings Inc., Nu Skin Enterprises, Inc. among others.

As modern millennial consumers increasingly focus on preventive care over treatments, adoption of wellness products therefore is likely to witness substantial growth. Improved disposable income ratios of millennial population is likely to aid hefty expansion in wellness supplements market. However, high pricing is likely to remain a key growth deterrent in the coming years. Yet another hinderance in full capacity growth in wellness supplements market is strict regulatory protocols that levy restrictions on commercialization and subsequent adoption of wellness products.

Developed economies such as North American countries in wellness supplements market are demonstrating highly optimistic growth and expansion on the back of supportive government initiatives towards healthcare delivery. Further these countries also have dedicated fund allocated for R&D expeditions to introduce new technologies and products to ensure superlative reach. European countries too are not lagging when it comes to conducive market forces augmenting growth in wellness supplements market.

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Key segments of the global wellness supplements market

Product Overview, 2018-2028 (USD Billion)

Dietary Supplements

Vitamin Supplements

Mineral Supplements

Protein Supplements

Herbal Supplements

Fortified/Functional Food & Beverages

Omega Fatty Acids Fortified Food

Probiotic Fortified Food

Branded Iodinated Salt

Branded Wheat Flour

Energy Drinks

Sports Drinks

Fortified Juices

Food Intolerance products

Gluten-free Foods

Lactose-free Foods

Diabetic Foods

Other Special Milk Formula

Dermo-Cosmetic Skin Essentials

Anti-Aging Supplements

Anti-Cellulite Supplements

Anti-Acne Supplements

Regional Overview, 2018-2028 (USD Billion)

North America

U.S.

Canada

Europe

Germany

United Kingdom

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Rest of the World (RoW)

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About Us :

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Info:
Name: Ryan Johnson
Email: Send Email
Organization: Adroit Market Research
Website: https://www.adroitmarketresearch.com/industry-reports/wellness-supplements-market

Source URL: https://marketersmedia.com/wellness-supplements-market-2020-2028-analysis-by-size-product-region-investment-new-business-opportunities-and-future-trends/88983349

Source: MarketersMedia

Release ID: 88983349

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