02.27.15
Future Market Insights (FMI) estimated the global dietary supplements market was valued at $61.84 billion in 2014 and is expected to reach $84.8 billion by 2020, registering a CAGR of 5.3% between 2015 and 2020.
FMI’s latest research report “Dietary Supplements Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020,” noted market drivers include increasing health consciousness and growing consumer income.
Market Segments
The global dietary supplements market is mainly segmented on the basis of product, application and region. By product type, the global dietary supplements market is segmented into vitamins, minerals, protein supplements, probiotics, fish oils/omega-3-6-9, blended supplements and others. Among these, the vitamin supplements segment is expected to account for larger revenue share percentage of 38% by 2020, followed by fish oils/omega-3-6-9. Additionally, the fish oils/omega-3-6-9 segment is anticipated to account for 16% of the total revenue market by 2020, exhibiting a healthy CAGR of 13.2% through the forecast period, according to FMI.
By application type, dietary supplements consumed to enhance health (or dietary supplements for general health) are expected to account for a largest revenue market share by 2020. Dietary supplements consumed to increase energy levels are anticipated to witness 13.3% CAGR between 2015 and 2020. However, supplements consumed to improve immune power, heart health, digestion system, bone and joint health are expected to demonstrate a significant growth rate during the forecast period as well.
For more information: www.futuremarketinsights.com
FMI’s latest research report “Dietary Supplements Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020,” noted market drivers include increasing health consciousness and growing consumer income.
Market Segments
The global dietary supplements market is mainly segmented on the basis of product, application and region. By product type, the global dietary supplements market is segmented into vitamins, minerals, protein supplements, probiotics, fish oils/omega-3-6-9, blended supplements and others. Among these, the vitamin supplements segment is expected to account for larger revenue share percentage of 38% by 2020, followed by fish oils/omega-3-6-9. Additionally, the fish oils/omega-3-6-9 segment is anticipated to account for 16% of the total revenue market by 2020, exhibiting a healthy CAGR of 13.2% through the forecast period, according to FMI.
By application type, dietary supplements consumed to enhance health (or dietary supplements for general health) are expected to account for a largest revenue market share by 2020. Dietary supplements consumed to increase energy levels are anticipated to witness 13.3% CAGR between 2015 and 2020. However, supplements consumed to improve immune power, heart health, digestion system, bone and joint health are expected to demonstrate a significant growth rate during the forecast period as well.
For more information: www.futuremarketinsights.com
