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3. Dietary Supplements Industry - Forthcoming Trends to Fuel the Global Growth

The dietary supplements market is projected to reach USD 239.4 billion by 2028 from USD 167.5 billion by 2023, at a CAGR of 7.4% during the forecast period in terms of value. The demand for dietary supplements is driven by increasing consumer awareness of health and wellness, preventive healthcare, the aging population, and rising chronic diseases. The convenience of online purchasing and product availability further fuel market growth. For instance, in the United States, dietary supplement consumption is high due to a health-conscious population, a proactive approach to wellness, and a robust regulatory framework ensuring safety and quality standards.

The dietary supplements industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global Dietary Supplements Market are:

• Plant-Based Supplements
• Personalized Nutrition
• Clean Label and Transparency
• Immune Health
• Beauty Supplements
• Digital Marketing and E-Commerce
• CBD and Hemp-Based Supplements
• Sports Nutrition and Performance
• Regulatory Compliance and Quality Assurance

To know about the assumptions considered for the study download the pdf brochure

The global dietary supplements market is constantly evolving with new trends emerging regularly to meet consumer demands and preferences. Some emerging trends in the global dietary supplements market include:

Plant-Based Supplements:

• With the growing interest in plant-based diets, there's a surge in demand for supplements derived from plants such as algae, mushrooms, and botanical extracts. Consumers are seeking alternatives to traditional animal-derived supplements.

Personalized Nutrition:

• Advancements in technology, such as DNA testing and personalized health apps, allow consumers to tailor their supplement intake according to their unique nutritional needs and health goals. Companies are offering personalized supplement formulations based on individual requirements.

Clean Label and Transparency:

• Consumers are becoming increasingly conscious of the ingredients in their supplements, leading to a demand for clean label products with transparent sourcing and manufacturing processes. Brands are focusing on natural, non-GMO, and organic ingredients to cater to this trend.

Immune Health:

• The COVID-19 pandemic has heightened awareness of the importance of immune health, leading to a surge in demand for supplements containing immune-boosting ingredients like vitamin C, vitamin D, zinc, and probiotics.

Beauty Supplements:

• The beauty-from-within trend is driving the demand for supplements targeting skin, hair, and nail health. Ingredients such as collagen, biotin, and antioxidants are popular in beauty supplements aimed at enhancing appearance and promoting anti-aging effects.

Digital Marketing and E-Commerce:

• The rise of e-commerce platforms and digital marketing channels has transformed the way dietary supplements are marketed and sold. Companies are leveraging social media, influencers, and online platforms to reach a wider audience and engage with consumers directly.

CBD and Hemp-Based Supplements:

• The increasing legalization and acceptance of CBD (cannabidiol) and hemp-derived products have led to a proliferation of supplements containing these ingredients. CBD is believed to offer various health benefits, including stress relief, pain management, and improved sleep.

Sports Nutrition and Performance:

• As fitness and athletic performance gain importance in people's lives, there's a growing demand for sports nutrition supplements targeting muscle recovery, energy, and endurance. This includes products like protein powders, amino acids, and pre-workout formulas.

Regulatory Compliance and Quality Assurance:

• With stricter regulations and quality standards in place, consumers are gravitating towards supplements from reputable brands that adhere to good manufacturing practices (GMP) and undergo third-party testing for potency and purity.

Related Reports:

Dietary Supplements Market by Type (Botanicals, Vitamins, Minerals, Amino Acids, Enzymes, Probiotics), Function, Mode of Application, Target Consumer, Distribution Channel (Pharmacy, Supermarket/Hypermarket, Online) and Region - Global Forecast to 2028