The leader in market research “Overview of the Stratagems Market“recently released an updated data analysis report”Growth of the food supplements market in 2021”, Including the impact assessment of COVID-19. The report provides an insight into the exploitable market to the clients / vendors with whom sustainable and profitable business strategies can be created. This analysis report not only saves you valuable time, but also adds credibility to the work done to grow the business. The report has a comprehensive overview of the Food Supplements market, which covers various aspects such as product definition, segmentation based on various parameters such as Types, applications, regions and players / vendors countryside.
A dietary supplement is generally a commercially manufactured product intended to supplement one’s daily diet by ingesting a pill, capsule or tablet. A dietary supplement can provide essential nutrients either naturally extracted from plant sources or synthetic to increase the amount of daily intake. The most common dietary supplements contain vitamins, minerals, and herbs that have been standardized for use in promoting nutrition. A wide variety of dietary supplements can be found at health food stores, drugstores, and online supplement companies.
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Market dynamics –
The launch of new products is expected to propel the growth of the global dietary supplement market during the forecast period. For example, in September 2021, SIREN Living announced the launch of its portfolio of dietary supplements for women in the United States.
The emergence of Covid-19 and the resulting increase in health awareness is expected to provide lucrative growth opportunities for players in the global dietary supplement market. For example, globally, as of 5:54 p.m. CEST on October 1, 2021, 233,503,524 confirmed cases of COVID-19, including 4,777,503 deaths, were reported to the WHO.
Selling unapproved products is a major challenge in the global dietary supplement market. For example, in September 2021, the United States Food and Drug Administration and the Federal Trade Commission warned 10 companies for illegally selling dietary supplements that claim to cure, treat, mitigate, or prevent diabetes, in violation of the Federal Food, Drug, and Cosmetic Act.
Market constraints –
Additionally, a lack of research and credibility is expected to limit the growth of the market. For example, in March 2021, BBB National Programs announced that FertilitySmart, a fertility supplement company, has permanently dropped seven advertising claims and several consumer testimonials in response to a challenge by the dietary supplements association Council for Responsible Nutrition. .
Key points to remember –
- New product launch is expected to propel the growth of the global dietary supplement market during the forecast period
- Presence of toxic levels of the mineral selenium in dietary supplements is expected to limit market growth. For example, in September 2021, the United States Food and Drug Administration noticed up to 200 times the level of selenium on the label of Total Body Formula and Total Body Mega Formula dietary supplements.
- The major players in the global dietary supplement market are focused on launching new products to expand their product portfolio. For example, in September 2021, Hims & Hers launched a dietary supplement powder to support urinary tract health.
Competition analysis –
Players in the global Food Supplement market are defending and expanding their respective market share with emphasis on mergers and acquisitions, joint ventures, and strategic partnerships. The major players in the global dietary supplements market include Pfizer, Inc., Amway, Suntory, Glanbia, GSK, Abbott Laboratories, Herbalife, Reckitt Benckiser, Bayer Corporation, Blackmores, Otsuka, GNC, Sanofi, Merck, Hims & Hers, Nature’s Bounty and Miki
Scope of Dietary Supplements Market Report –
The report offers a comprehensive company profile of major competitive players in the global Food Supplements Market with an emphasis on share, gross margin, net profit, sales, product portfolio, new applications, recent developments and several other factors. It also sheds light on the vendor landscape to help players realize future competitive changes in the global dietary supplement market.
Analysis services by country –
Stratagem Market Insights analyzes the socio-cultural, political, economic, statistical and technological environment of the markets of various countries to offer a specific analysis for each country. We help our clients identify strengths and opportunities in various countries in order to grow their business. We focus on assessing the key market requirements and barriers in a specific country to seize new business opportunities. We help our clients make an informed decision about an ideal business model in a national context to develop dynamic business models.
Market segmentation –
By geographic segmentation –
This section of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.
- North America (United States and Canada)
- Europe (UK, Germany, France and rest of Europe)
- Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
- Latin America (Brazil, Mexico and the rest of Latin America)
- Middle East and Africa (GCC and rest of Middle East and Africa)
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Segmentation by product type – Vitamin, Mineral, Botanical, Enzyme, Fatty Acid
By application segmentation – Adult, Baby, Children, Pregnant women, Seniors
Valuable Points from the Food Supplements Market Research Report 2021-2028:
- Significant changes in market dynamics.
- Report and assessment of recent industry developments.
- A comprehensive background analysis, which includes an assessment of the Parental Dietary Supplements market.
- Current, historical, and projected size of the Food Supplements market from a value and volume perspective.
- Segmentation of the food supplements market by major regions.
- Market shares of dietary supplements and strategies of the main manufacturers.
- Emerging and regional specific segments for the dietary supplement market.
- An objective assessment of the market trajectory.
- Recommendations to the best companies to strengthen their presence in the market.
 Who are the Global Dietary Supplements manufacturers, what is their market share, price, volume, competitive landscape, SWOT analysis, and future growth plans?
 What are the main drivers, growth / restriction factors and challenges of dietary supplements?
 How is the dietary supplement industry expected to develop over the projected period?
 How has COVID-19 affected the Dietary Supplement industry and is there a change in regulatory policy?
 What are the major application areas and product types of the Food Supplements industry that can expect huge demand during the forecast period?
 What are the key offers and the new strategies adopted by the Food Supplements players?
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Ultimately, The Dietary Supplements market report measures the feasibility of new investment projects and presents an overall finding of the research. Additionally, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services around the world. We bring the expertise of consultants with cumulative industry experience of over 70 years. The company has provided quantified B2B research and currently serves more than 350 clients worldwide. We strive to offer smart solutions, expert consultations and tailor-made / personalized solutions. Our team includes analysts who leverage their years of experience and expertise to create accurate and error-free reports. Domain specific teams are constantly focused on market monitoring, helping our clients gain competitive advantage through high quality market intelligence. We offer a range of services, including syndicated research, outsourcing of research and consulting processes, and content management.
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