Future Outlook on Dietary Supplement Market by Forecast to 2021 to 2028 with In-depth Analysis of Leading Players Pfizer, Inc., Amway, Suntory, Glanbia, GSK, Abbott Laboratories, Herbalife, Reckitt Benckiser, Bayer Corporation

The leading market research firm “Stratagem Market Insights” recently published an updated data analysis report “Dietary Supplement Market Growth in 2021” including COVID-19 impact analysis. The report gives an actionable market insight to the clients/vendors with which sustainable and profitable business strategies can be created. This analysis report not only saves your valuable time but also adds credibility to the work that has been done to grow the business. The report has a complete overview of the Dietary Supplement market, which covers various aspects such as product definition, segmentation based on various parameters such as Types, Applications, Regions, and the prevailing players/vendors landscape.

Overview –

A dietary supplement is generally a manufactured commercial product intended to augment one’s daily diet by ingesting a pill, capsule, or tablet. A dietary supplement may provide essential nutrients either naturally extracted from plant sources or which are synthetic to increase the amount of the daily intake. The most common dietary supplements contain vitamins, minerals, and herbs that have been standardized for the purposes of usage in promoting nutrition. A wide variety of dietary supplements can be found in health food stores, pharmacies, and online dietary supplement companies.

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Market Dynamics –

Launch of new products is expected to propel the growth of the global dietary supplements market over the forecast period. For instance, in September 2021, SIREN Living announced to launch its dietary supplements portfolio for women in the U.S.

Emergence of Covid-19 and the resultant increase in health awareness is expected to offer lucrative growth opportunities for players in the global dietary supplements market. For instance, globally, as of 5:54 pm CEST, 1 October 2021, there have been 233,503,524 confirmed cases of COVID-19, including 4,777,503 deaths, reported to WHO.

Sell of unapproved products is a major challenge in the global dietary supplements market. For instance, in September 2021, the U.S. 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 Restraints –

Moreover, a lack of research and credibility is expected to limit the growth of the market. For instance, in March 2021, BBB National Programs announced that FertilitySmart, a fertility supplement company, permanently discontinued seven advertising claims and several consumer testimonials in response to a challenge brought by the dietary supplement association the Council for Responsible Nutrition.

Key Takeaways –

• Launch of new products is expected to propel the growth of the global dietary supplements market over the forecast period
• Presence of toxic levels of the mineral selenium in dietary supplements is expected to limit the growth of the market. For instance, in September 2021, The U.S. Food and Drug Administration noticed up to 200 times the label level of selenium in dietary supplements Total Body Formula and Total Body Mega Formula.
• Major players global dietary supplements market is focused on launching new products to expand their product portfolio. For instance, in September 2021, Hims & Hers launched a dietary supplement powder to support urinary tract health.

Competitor Analysis –

Global Dietary Supplement market players are defending and expanding their respective market share with a focus on mergers and acquisitions, joint ventures, and strategic partnerships. Major players 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

The scope of the Dietary Supplement Market Report –

The report offers a complete company profiling of leading players competing in the global Dietary Supplement market with a high focus on the share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and several other factors. It also throws light on the vendor landscape to help players become aware of future competitive changes in the global Dietary Supplement market.

Country-Specific Analysis Services –

Stratagem Market Insights analyses the socio-cultural, political, economic, statistical, and technological environment of markets in various countries to offer country-specific analysis. We help our clients define the strengths and opportunities in various countries in order to drive their business. We focus on evaluating key market requirements and barriers in a specific country to embrace new business opportunities. We help clients make an informed decision regarding an ideal business model in a country context for developing 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 (The USA and Canada)
• Europe (UK, Germany, France, and the 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)
• The Middle East and Africa (GCC and rest of the Middle East and Africa)

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By Product Type Segmentation – Vitamin, Mineral, Botanical, Enzyme, Fatty Acid

By Application Segmentation – Adult, Infant, Children, Pregnant Women, Elderly

Valuable Points from Dietary Supplement Market Research Report 2021-2028:

• Significant changes in Market dynamics.
• Reporting and assessment of recent industry developments.
• A complete background analysis, which includes a valuation of the parental Dietary Supplement Market.
• Current, Historical, and projected size of the Dietary Supplement Market from the viewpoint of both value and volume.
• Dietary Supplement Market segmentation according to Top Regions.
• Dietary Supplement Market shares and strategies of key Manufacturers.
• Emerging Specific segments and regional for Dietary Supplement Market.
• An objective valuation of the trajectory of the Market.
• Recommendations to Top Companies for reinforcement of their foothold in the market.

FAQ’s –

[1] Who are the global manufacturers of Dietary Supplement, what are their market share, price, volume, competitive landscape, SWOT analysis, and future growth plans?
[2] What are the key drivers, growth/restraining factors, and challenges of Dietary Supplement?
[3] How is the Dietary Supplement industry expected to grow in the projected period?
[4] How has COVID-19 affected the Dietary Supplement industry and is there any change in the regulatory policy framework?
[5] What are the key areas of applications and product types of the Dietary Supplement industry that can expect huge demand during the forecast period?
[6] What are the key offerings and new strategies adopted by Dietary Supplement players?

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Finally, the Dietary Supplement Market report measures the feasibility of new investment projects and presents an overall research conclusion. Moreover, 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.

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