Wellness Revolution: How Dietary Supplements Are Transforming Personal Health

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The global dietary supplements market was valued at USD 177.50 billion in 2023 and is expected to experience significant growth, projected to expand at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030.

The global dietary supplements market was valued at USD 177.50 billion in 2023 and is expected to experience significant growth, projected to expand at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2030. Several key factors are driving this growth, including the rising prevalence of chronic diseases, such as obesity, diabetes, heart disease, and cancer, as well as the increasingly busy lifestyles and resulting changes in dietary habits of consumers.

 

Key Market Drivers

 

  • Prevalence of Chronic Diseases: The growing incidence of chronic conditions like obesity and diabetes is one of the primary drivers of dietary supplement consumption. As more individuals seek ways to manage or prevent these conditions, the demand for dietary supplements targeting specific health issues—such as heart health, blood sugar regulation, and weight management—continues to rise. Supplements are increasingly viewed as an accessible solution to support overall health and prevent disease.

 

  • Changes in Dietary Patterns: With the demands of modern life, many consumers are shifting towards fast food and convenience meals, which often lack essential nutrients. This change in diet has resulted in a greater reliance on dietary supplements to fill nutritional gaps. The busy, on-the-go lifestyle, combined with the increasing focus on health and wellness, has created a larger market for supplements that promote energy, immunity, and overall well-being.

    • Innovative Product Developments: Manufacturers are continually introducing novel products and formulations that cater to specific consumer needs and preferences. Popular trends include supplements aimed at weight management, sports nutrition, brain health, immune support, and gut health. These innovations are targeted at specific age groups, lifestyles, and health concerns, making it easier for consumers to find supplements tailored to their individual needs. The rise in personalized nutrition is expected to drive further growth in the sector.

 

  • Marketing and Awareness: Consumer awareness is being driven by effective marketing campaigns, influencer endorsements, and the rise of social commerce. Social media platforms and influencers play a pivotal role in promoting dietary supplements and educating consumers about their benefits. As more individuals turn to online resources for health information, the accessibility and visibility of dietary supplements have expanded, contributing to their growing popularity.

 

 

Regional Insights

 

The global dietary supplements market is seeing significant growth across various regions, driven by changes in consumer behavior, increasing awareness of health and wellness, and the rising demand for products addressing specific health concerns. Below is a detailed breakdown of key regional trends and growth projections:

 

North America:

 

In 2023, North America accounted for a substantial 33% revenue share of the global dietary supplements market. The region’s market growth is largely driven by the increasing focus on health and mental well-being, which has spurred manufacturers to increase RD initiatives for product innovation. Even amid the challenges posed by regulatory uncertainties, the market continues to expand, propelled by factors like:

 

  • Changes in regulations that support the growth of the dietary supplement sector.
  • The continued rise of the self-care movement, with more consumers seeking preventive health solutions.
  • A growing body of scientific evidence linking dietary supplements to improvements in overall health.

 

 

United States:

 

The United States, in particular, remains a key driver of growth, with the market expected to expand at a CAGR of 5.7% from 2024 to 2030. The drivers include:

  • Rising healthcare costs that encourage preventive measures.
  • Changes in food laws that impact labeling and product claims.
  • Technological advancements in the science of supplementation.
  • A growing geriatric population increasingly using supplements to manage age-related health concerns.
  • A heightened interest in wellness through diet and supplementation.

 

Asia Pacific:

 

The Asia Pacific region represented 35% of the global dietary supplements market in 2023 and is projected to continue as a key growth driver due to factors such as:

  • Rising expenditure on health-enhancing products, fueled by an increasing emphasis on physical fitness and sports activities.
  • Regulatory frameworks across the region that govern dietary supplements and ensure product safety and efficacy, which supports market growth.

Countries like China, Japan, and India are pivotal in driving market demand in the Asia Pacific region:

 

  • China held the largest market share in Asia, accounting for over 40% of the regional market in 2023. The growing focus on health and wellness, combined with the availability of grab-and-go products in various flavors, has fueled the rise in demand for dietary supplements.
  • Japan has also seen significant growth, exceeding USD 10 billion in 2023, and is expected to experience double-digit growth in the coming years. The country has been a front-runner in preventive healthcare, driven by its aging population and increasing consumer awareness of the health benefits of dietary supplements.
  • Indonesia, with a market valued at over USD 2 billion in 2023, has witnessed growth primarily due to increased government initiatives promoting awareness about the benefits of dietary supplements.
  • Thailand is expected to grow at 13% CAGR from 2024 to 2030, driven by consumers’ adoption of preventive healthcare to maintain health and well-being.
  • Australia, part of the Asia Pacific market, has seen a significant rise in supplement consumption, with over 60% of Australians using supplements, a trend supported by improved formulations and greater product awareness.

 

Europe:

 

In Europe, the demand for dietary supplements is projected to grow at a CAGR of 7.0% from 2024 to 2030. Key drivers for growth include:

 

  • Increasing rates of lactose intolerance and obesity among European consumers, leading to heightened demand for probiotic products and other supplements designed to address digestive health.
  • In Germany, there is a growing body of clinical evidence supporting the effectiveness of dietary supplements in treating inflammatory bowel disease (IBD), infectious diarrhea, and lactose intolerance, driving demand for probiotics and other digestive health supplements.
  • The increasing focus on preventive healthcare across the continent, particularly in countries like France and Italy, has contributed to a strong and growing market for supplements in Europe.

 

Middle East Africa:

 

The Middle East Africa market is expected to grow at the fastest CAGR of 10.1% from 2024 to 2030, driven by several key factors:

 

  • The expanding healthcare industry in the region, with increasing government initiatives to improve access to healthcare services.
  • The rising young, working population, particularly in the Middle East, is becoming more health-conscious and spending more on well-being products, including dietary supplements.
  • Higher disposable income in many parts of the Middle East, especially in countries like the UAE and Saudi Arabia, is expected to drive demand for premium health products and supplements.

 

 

Browse through Grand View Research's Category Nutraceuticals Functional Foods Industry Research Reports.

 

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Key Dietary Supplements Companies:

 

The following are the leading companies in the dietary supplements market. These companies collectively hold the largest market share and dictate industry trends.

 

  • Amway Corp.
  • Abbott
  • Bayer AG
  • Glanbia plc
  • Pfizer Inc.
  • Archer Daniels Midland
  • NU SKIN
  • GlaxoSmithKline plc.
  • Herbalife Nutrition Ltd.
  • Nature's Sunshine Products, Inc.
  • XanGo, LLC
  • RBK Nutraceuticals Pty Ltd
  • American Health
  • DuPont de Nemours, Inc.
  • Good Health New Zealand
  • Nature's Bounty
  • NOW Foods

 

 

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