GITNUX MARKETDATA REPORT 2024

Supplements Industry Statistics [Fresh Research]

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The supplement industry is a multi-billion dollar industry that continues to grow each year. With the rise of health and wellness trends, more and more people are turning to supplements to help them reach their health and fitness goals. But what do the statistics say about this booming industry?

In this blog post, we’ll take a look at the latest supplement industry statistics and what they mean for the industry as a whole. We’ll also discuss the potential implications of these statistics and what they could mean for the future of the supplement industry. So, let’s dive in and explore the supplement industry statistics.

Supplements Industry: The Most Important Statistics

The Vitamins & Minerals segment is expected to generate US$0.73bn in 2023 and grow annually by 4.84% (CAGR 2023-2027), with most revenue generated in China (US$5,142.00m in 2023).
The Vitamins & Minerals segment is expected to generate €0.71bn in 2023, growing annually by 4.28% (CAGR 2023-2027).
The market size for vitamin and mineral supplements in the UK is projected to increase from 15.5 billion USD in 2019 to 22.8 billion USD in 2025.

Supplements Industry Statistics Overview

The Vitamins & Minerals segment is expected to generate US$0.73bn in 2023 and grow annually by 4.84% (CAGR 2023-2027), with most revenue generated in China (US$5,142.00m in 2023).

This shows the potential growth of the Vitamins & Minerals segment in the forecast period, and the potential for the market to return to pre-COVID levels once the pandemic is over.

The Vitamins & Minerals segment is expected to generate €0.71bn in 2023, growing annually by 4.28% (CAGR 2023-2027).

China generates the most revenue in global comparison (€5,017.00m in 2023). Per person revenues of €10.39 are generated in 2023, and the global market has grown by 6% in 2020.

Thus, we can see a growing awareness of healthcare and nutrition, which is leading to higher revenues in the Vitamins & Minerals market. This increased demand for organic and healthy products is helping to improve the immune system of customers, and is thus a positive trend for the Supplements Industry.

The sales value of OTC vitamins and minerals in Great Britain was 454 million British pounds in 2021, a 3% decrease from the previous year, but still the second highest value in the time interval.

The sales value of OTC vitamins and minerals has generally increased since 2009, and is now worth approximately 2.87 billion British pounds in 2021. This indicates that the supplements industry is growing and that there is a strong demand for these products.

The sales value of OTC drugs in Great Britain has increased from 1.65 billion British pounds in 2000 to 2.87 billion British pounds in 2021, with pain relief being the highest value category at 693 million British pounds.

However, the sales value of OTC vitamins and minerals experienced a three percent decrease in 2021, the largest annual decrease in the provided time interval.

The EU mineral supplements market size is expected to grow from 2.7 million USD in 2019 to 3.9 billion USD in 2025.

Thus, the mineral supplements market in Europe is growing rapidly and is expected to continue to do so. This indicates that there is a large and growing demand for mineral supplements in Europe, which could be an opportunity for companies in the supplements industry to capitalize on.

The market size for vitamin and mineral supplements in the UK is projected to increase from 15.5 billion USD in 2019 to 22.8 billion USD in 2025.

This could be an opportunity for companies to capitalize on the growing market and increase their profits.

Global sales of vitamins and minerals are expected to reach 103 million USD by 2025, representing a significant increase from 2019.

The North American vitamin supplement market is expected to reach 29.4 billion USD in 2025.

Italy’s share of the European food supplement market increased from 20% to 29% between 2009 and 2020.

Italy is becoming increasingly dominant in the European food supplement market, which could have implications for the competitive landscape of the industry, as well as for the pricing of food supplements in Europe.

Additionally, it provides insight into the overall size of the European food supplement market, which is estimated to be worth 13.2 billion euros in 2020.

The Vitamins & Minerals segment is expected to generate US$0.41bn in 2023 and grow annually by 4.47% (CAGR 2023-2027).

China is the largest revenue generator in the global market, and the Vitamins & Minerals market is experiencing significant growth due to the increasing awareness of healthcare and nutrition.

The Vitamins & Minerals segment is a lucrative and growing market, and customers are increasingly looking for organic and healthy products to improve their immune system.

The global dietary supplements market size was valued at USD 140.3 billion in 2020.

The industry has seen a significant increase in size over the past few years, indicating that more and more people are turning to dietary supplements to improve their health and wellness. This statistic is a clear indication that the supplement industry is thriving and is an important part of the global health and wellness market.

The supplement industry is projected to reach USD 230.73 billion by 2027.

It is a rapidly growing sector with a bright future. It is a valuable piece of information for anyone interested in the supplement industry, as it provides a glimpse into the industry’s projected growth and potential for success. This statistic is an important factor to consider when discussing the supplement industry, and it is essential for anyone looking to gain a better understanding of the industry’s current and future state.

Approximately 70% of adult Americans use dietary supplements to maintain their health.

The majority of adults are actively taking steps to maintain their health through the use of dietary supplements, demonstrating the prevalence of the supplement industry in the United States. This statistic is an important piece of information for anyone looking to gain insight into the supplement industry and its impact on the health of Americans.

The European supplement industry is expected to grow at a CAGR of 9.1% from 2020 to 2027.

It is likely to experience a significant growth in the coming years. This is an important piece of information for anyone interested in the supplement industry, as it provides insight into the potential of the industry and the opportunities it presents. Furthermore, this statistic can be used to inform decisions about investments in the supplement industry, as well as to inform strategies for marketing and product development.

The Asia-Pacific dietary supplements market is expected to register a CAGR of 12.93% over the forecast period (2021-2026).

This highlights the immense opportunity for businesses to capitalize on the increasing demand for dietary supplements in the region. This statistic is a valuable insight for those looking to invest in the supplement industry, as it provides a clear indication of the potential for growth and profitability.

The dietary supplements market in South America is expected to reach USD 10.92 billion by the end of 2026.

The industry is growing rapidly and is expected to reach a staggering USD 10.92 billion by the end of 2026. This is a clear indication that the supplement industry is thriving in South America and is likely to continue to do so in the coming years. This statistic is an important piece of information for anyone interested in the supplement industry and its growth in South America.

By ingredient, the vitamins and minerals segment accounted for the largest market share of 39% in 2020.

These essential nutrients are the most sought-after ingredients in the market, indicating that consumers are aware of their importance and are actively seeking out products that contain them. This is a clear indication that the supplement industry is thriving and that consumers are taking their health seriously.

The sports supplements sector is forecasted to grow at a CAGR of 9.6% during the period 2021-2027.

The industry is expected to experience significant growth over the next few years, making it an attractive investment opportunity for those looking to capitalize on the booming market. This statistic is essential for anyone looking to gain insight into the Supplement Industry and make informed decisions about their investments.

The infant formula dietary supplement market is expected to register a CAGR of 4.07% during the forecast period of 2019-2024.

This provides insight into the industry’s future trajectory and can be used to inform decisions about investments, product development, and marketing strategies. By understanding the expected CAGR of the infant formula dietary supplement market, businesses can better plan for the future and capitalize on opportunities for growth.

Supplementary Statistics

The global dietary supplements market size was valued at USD 140.1 billion in 2020.

The industry has seen a significant increase in demand over the past few years, indicating that more and more people are turning to dietary supplements to improve their health and wellbeing. This is a clear indication that the industry is thriving and is likely to continue to do so in the future.

The supplements industry is expected to reach USD 230.73 billion by 2027.

The industry is growing rapidly and is expected to continue to do so in the coming years. This is an important indicator of the industry’s health and provides a glimpse into the future of the supplements industry. It is a valuable piece of information for anyone interested in the supplements industry and its future prospects.

The CAGR (Compound Annual Growth Rate) of the supplements industry is projected to be 8.6% from 2021 to 2028.

It provides insight into the industry’s trajectory and can be used to inform decisions about investments, marketing strategies, and product development. With an expected CAGR of 8.6%, the supplements industry is poised to experience significant growth in the coming years, making it an attractive option for those looking to capitalize on the industry’s potential.

North America accounts for around 34% of the global dietary supplements market share.

The region is a major player in the global supplements industry, and that the demand for these products is high. This is an important point to consider when discussing the overall health of the supplements industry, as it shows that the industry is thriving in North America.

Asia-Pacific is expected to become the fastest-growing regional supplements market.

This means that companies in the supplements industry should be looking to capitalize on this growth by expanding their presence in the Asia-Pacific region and targeting this market with their products and services. With the right strategies in place, the Asia-Pacific region could become a major source of revenue for the supplements industry.

The sports nutrition segment is expected to grow at a CAGR of 11.9% between 2021 and 2026.

The segment is expected to experience significant growth in the coming years, making it an attractive option for investors and entrepreneurs. This could be a great opportunity for those looking to capitalize on the growing demand for sports nutrition products.

The herbal supplements category is projected to register a strong CAGR of 10.7% during 2021-2028.

This is an important piece of information for anyone interested in the supplements industry, as it suggests that now is a great time to invest in the sector.

Over 75% of U.S. adults consume dietary supplements.

It speaks to the widespread acceptance of these products and the potential for growth in the supplements industry. It also suggests that the industry is well-positioned to capitalize on the growing demand for these products.

Top 5 companies in the dietary supplements industry include Amway, Herbalife, Pfizer, Bayer, and Glanbia.

Knowing the top 5 companies in the dietary supplements industry gives readers an understanding of the competitive landscape and the size of the market. It also provides insight into the trends and developments in the industry, as well as the potential for growth and innovation.

The online sales segment of dietary supplements is projected to grow at a CAGR of 15% between 2021 and 2028.

The online sales segment of dietary supplements is expected to experience a significant growth in the coming years, which is a positive sign for the industry. This means that the industry is likely to become more profitable and attract more investors, which could lead to further innovation and development in the sector. Furthermore, this statistic could also be used to inform marketing strategies and help businesses better understand the needs of their target audience.

Europe dietary supplements market is expected to reach USD 44.6 billion by 2025.

Thus, the market is expected to grow significantly over the next few years, indicating that the industry is ripe for investment and expansion. This is great news for those looking to capitalize on the booming supplements industry in Europe, as it provides a clear indication of the potential for growth and success.

The vitamin D supplements market is projected to reach USD 3.32 billion by 2027.

It is a clear indication that the supplements industry is thriving and that consumers are increasingly turning to vitamin D supplements to improve their health and wellbeing. This statistic is a valuable insight into the current state of the supplements industry and provides a glimpse into its future prospects.

Gummy vitamins sales reached USD 5.9 billion in 2020.

Consumers are increasingly turning to supplements to meet their nutritional needs, and that the industry is responding to this demand. This is an important milestone for the industry, and one that should be celebrated.

Global protein supplement sales are projected to reach USD 32.6 billion by 2027.

The industry is growing rapidly and is expected to continue to do so in the coming years. This is great news for those involved in the industry, as it means that there is a large and growing market for their products. It also shows that the industry is becoming increasingly popular, which could lead to more innovation and better products.

The United States generates the highest revenue in the global dietary supplements market.

The US is a major player in the global dietary supplements market, and that the industry is a lucrative one. This information can be used to inform readers of the blog post about the potential of the industry, and the opportunities that exist for those looking to invest in the sector.

The sports supplements market was valued at approximately USD 22.26 billion in 2020.

This figure is a clear indication of the industry’s success and its potential for further growth. It also serves as a reminder of the importance of the industry in providing consumers with the products they need to stay healthy and active.

The omega-3 supplement market is estimated to be worth about USD 57.0 billion by 2026.

The omega-3 supplement market is expected to experience tremendous growth 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 booming supplements industry.

Conclusion

In conclusion, the supplements industry is growing rapidly, with an estimated $122 billion in sales in 2020. This growth is expected to continue, with the industry projected to reach $220 billion by 2025.

With the increasing demand for supplements, it is important to stay informed on the latest industry trends and statistics. By doing so, you can make more informed decisions when it comes to choosing the right supplements for your needs.

References

1 – https://www.statista.com/outlook/cmo/otc-pharmaceuticals/vitamins-minerals/united-kingdom

2 – https://www.statista.com/statistics/521713/otc-vitamins-and-minerals-sales-value-great-britain/

3 – https://www.statista.com/statistics/521725/otc-vitamins-and-minerals-sales-growth-great-britain/

4 – https://www.statista.com/statistics/1284468/market-size-of-vitamins-supplements-europe-by-type/

5 – https://www.statista.com/statistics/1283359/market-size-of-vitamins-and-mineral-supplements-europe/

6 – https://www.statista.com/statistics/1282809/global-vitamin-and-mineral-supplements-market-by-type/

7 – https://www.statista.com/statistics/626464/global-market-size-of-vitamins-and-dietary-supplements-by-region/

8 – https://www.statista.com/statistics/819746/sales-value-market-share-of-italian-food-supplements-sector-in-europe/

9 – https://www.statista.com/outlook/cmo/otc-pharmaceuticals/vitamins-minerals/germany

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15 – https://www.reuters.com

16 – https://www.mordorintelligence.com

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28 – https://www.emergenresearch.com

FAQs

What is the size of the supplements industry?

The size of the supplements industry is estimated to be worth around $122 billion in 2020.

What are the most popular supplements?

The most popular supplements include multivitamins, omega-3 fatty acids, probiotics, vitamin D, and protein powder.

What are the benefits of taking supplements?

The benefits of taking supplements include increased energy levels, improved digestion, better skin health, increased muscle mass, and improved mental clarity.

Are supplements safe?

Supplements are generally considered safe when taken in recommended doses. However, it is important to consult a doctor before taking any supplement to ensure it is safe for you.

What are the different types of supplements?

There are many different types of supplements, including vitamins, minerals, herbs, amino acids, and probiotics.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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