The nutritional supplements industry is one of the fastest-growing sectors in the health and wellness industry. With the growing demand for health and wellness products, the nutritional supplements industry is expected to grow exponentially in the coming years.
In this blog post, we will be taking a look at some of the most important nutritional supplements industry statistics to help you gain a better understanding of the industry. We will be exploring the size of the industry, the types of products available, and the most popular brands. We will also be discussing the trends that are driving the growth of the industry and the challenges that the industry is facing. So, let’s get started.
Nutritional Supplements Industry: The Most Important Statistics
Sales of vitamins, minerals and supplements in the US increased by 3% in 2018 compared to 2017, indicating a positive trend in the nutritional supplements industry.
35% of respondents in China take dietary supplements daily, and a similar percentage take them weekly.
Nutritional Supplements Industry Statistics Overview
The worldwide income produced by the dietary supplement industry in 2012 was 32 billion U.S. dollars, and is expected to increase by 2021.
The use of dietary supplements is increasing and becoming more popular among the general population. This indicates that the dietary supplement industry is growing and could be a profitable industry for businesses to invest in.
Germany had the highest income of plant nutrition supplements in Europe in 2015 at 1.41 billion euros.
Dollar sales of dietary supplements in the U.S. increased by 5.7% in 2015 compared to the previous year. This shows that the nutritional supplements industry is growing and that consumers are increasingly interested in dietary supplements.
This growth can be used by industry professionals to make decisions about marketing, product development, and other strategies to capitalize on the growing demand for dietary supplements.
Sales of vitamins, minerals and supplements in the US increased by 3% in 2018 compared to 2017, indicating a positive trend in the nutritional supplements industry.
Thus, more people are becoming aware of the importance of taking nutritional supplements to maintain their health. This could lead to increased demand for these products in the future, which could benefit the industry as a whole.
The sports nutrition supplement market in Japan was valued at 28 billion Japanese yen in 2017, with proteins being the most popular supplement.
The sports nutrition market in Latin America is expected to increase from 4.4 billion U.S. dollars in 2018 to 6.31 billion dollars in 2023.
Higher family income is associated with higher rates of dietary supplement use among U.S. children and young people.
The U.S. accounted for 45% of the global children’s supplements market in 2016.
35% of respondents in China take dietary supplements daily, and a similar percentage take them weekly.
68% of respondents in Taiwan take dietary supplements daily, and 6% take them only when feeling unwell.
The global dietary supplements market was valued at $156.91 billion in 2020.
The industry is a major player in the global economy, with a market value of over $156 billion. This figure is a clear indication of the industry’s importance and its potential for growth in the future. It also serves as a reminder of the need for continued research and development in the field of nutritional supplements, in order to ensure that the industry remains competitive and continues to provide quality products to its customers.
The market is estimated to expand at a CAGR of 8.6% from 2021 to 2028.
The market is expected to grow at a healthy rate of 8.6% over the next seven years. This is great news for those in the industry, as it suggests that the industry is likely to remain profitable and competitive in the years to come.
By 2026, the global nutraceutical market is projected to reach $722.49 billion.
It is a lucrative industry with a bright future. It is a valuable piece of information for anyone interested in the nutritional supplements industry, as it provides an insight into the growth of the market and the opportunities it presents.
Protein or amino acid supplements hold the highest market share of 38.7% among dietary supplements in 2020.
These supplements are the most sought-after products in the market, indicating that consumers are increasingly turning to them to meet their nutritional needs. This statistic is a valuable insight into the current trends in the nutritional supplement industry and can be used to inform decisions about product development and marketing strategies.
77% of US supplement users in 2018 considered professional recommendations before purchasing a product.
The majority of supplement users in the US are taking the time to research and consult with experts before making a purchase, indicating that they are taking their health and wellness seriously. This is an important point to consider when discussing the Nutritional Supplements Industry, as it highlights the need for reliable and trustworthy information when it comes to making decisions about supplement use.
Around 76% of adults in the US consumed dietary supplements in 2020.
The Nutritional Supplements Industry is thriving and that more and more people are turning to these products to improve their health and wellbeing. This statistic is an important piece of evidence that can be used to illustrate the success of the Nutritional Supplements Industry and the potential for further growth.
40.4% of the dietary supplements market share was captured by specialty stores in 2020.
Speciality stores have been able to capture a significant portion of the market share, indicating that they are a major player in the industry. This statistic is important for anyone looking to gain insight into the nutritional supplements industry and the success of specialty stores within it.
Vitamins make up about 47% of the European dietary supplements market.
Vitamins are a major component of the industry, and that they are a key factor in the overall success of the market. This statistic is a valuable insight into the industry, and it can be used to inform decisions about the types of supplements to produce and market.
In 2018, the dietary supplement market in China was valued at $26.98 billion.
The market is already worth billions of dollars and is likely to continue to grow in the coming years. This is an important piece of information for anyone interested in the nutritional supplements industry, as it provides a glimpse into the size and scope of the industry in one of the world’s largest markets.
The Indian Nutraceuticals market size is expected to reach $18.36 billion by the end of 2025.
The Indian Nutraceuticals market is expected to grow exponentially in the coming years, indicating that the industry is ripe for investment and expansion. This is an exciting prospect for those looking to capitalize on the industry’s growth and make a mark in the Nutraceuticals market.
The sports nutrition market is anticipated to grow at a CAGR of 8.45% during the forecast period of 2021 to 2026.
The market is expected to experience significant growth over the next five years, indicating that now is the perfect time to invest in the industry. This statistic is a clear sign that the Nutritional Supplements Industry is on the rise and is a great opportunity for those looking to capitalize on the growing demand for nutritional supplements.
The functional food market is projected to register a CAGR of 8.77% during 2021-2026.
The functional food market is expected to experience significant growth over the next five years. This is an encouraging sign for those in the industry, as it suggests that the demand for nutritional supplements is likely to remain strong in the coming years.
North America holds the largest market share of the global dietary supplements market at 38.3%.
This is a clear indication that North America is a major player in the industry, and that the demand for dietary supplements is high in the region. This statistic is an important piece of information for anyone looking to gain insight into the Nutritional Supplements Industry.
Online retailers recorded a growth of 12.8% in the distribution of dietary supplements in 2020.
More and more people are turning to these products to improve their health and wellbeing, and that the industry is thriving. This statistic is an important indicator of the health of the nutritional supplements industry and provides valuable insight into the current trends in the market.
The women segment accounted for 48.4% of dietary supplements revenue share in 2020.
Women are increasingly turning to dietary supplements to meet their nutritional needs, and that the industry is responding to this demand. This is an important trend to note, as it suggests that the industry is becoming more inclusive and recognizing the importance of catering to the needs of women.
The global herbal supplements market is expected to reach $8.5 billion by 2025, growing at a CAGR of 6.2%.
The market is expected to grow significantly over the next few years, indicating that now is the perfect time to invest in this sector. With the right strategies and investments, businesses can capitalize on this growth and reap the rewards.
The vegan supplements market is anticipated to grow at a CAGR of around 7% during 2021-2026.
The industry is likely to experience a steady increase in demand for vegan supplements over the next five years, indicating that the industry is likely to remain a lucrative one. This statistic is therefore essential for anyone looking to gain a better understanding of the nutritional supplements industry and its potential for growth.
Conclusion
The nutritional supplements industry is a rapidly growing market that is expected to continue to expand in the coming years. With new products being introduced and the increasing demand for health and wellness products, the industry is expected to remain a major player in the health and wellness industry.
With the right strategies and products, companies can capitalize on the growth of the industry and take advantage of the opportunities that it presents. As the industry continues to grow, it is important to stay up to date with the latest industry statistics and trends in order to remain competitive.
References
1 – Nutritional supplement industry revenue worldwide 2012 | Statista
2 – Revenue plant food supplements Europe 2015 | Statista
3 – Dollar sales growth nutritional supplements U.S., 2015 l Statistic | Statista
4 – Vitamins, minerals and supplements (VMS): annual sales growth U.S. 2016-2018 | Statista
5 – Japan: sports nutrition supplement market size by nutrient 2017 | Statista
6 – Sports nutrition market value in Latin America 2018 | Statista
7 – Dietary supplement use children and adolescents by income U.S. 2017-2018 | Statista
8 – Children’s supplements: U.S. share of global market 2016 | Statista
9 – China: frequency of taking dietary supplements 2022 | Statista
10 – Taiwan: frequency of taking dietary supplements 2022 | Statista
