Market Overview:

The consumption of health supplements is increasing among consumers because they provide those nutrients to us on a regular basis which we do not regularly get in our food due to our food habits in a consumerist atmosphere. Hence, the market for health supplements is growing. Health supplements are supplements, not a replacement for food for a healthy diet.

Market Research Future (MRFR) has published a research report that foretells boost for the global health supplements market Growth with 7.8% CAGR (Compound Annual Growth Rate) between 2017 and 2023.

One of the most important reasons for their rising demand and hence market is that they are helpful for the treatment of rheumatic disorders, allergy, and cardiology. Key factors that are driving this market include changing lifestyles, developing retail & pharmaceutical industries, ensuring adherence to recommended dietary requirements, growing awareness about the functional benefits of health supplements, growing concerns about maintenance of health to avoid later treatment, increasing concern towards health improvement, increasing urbanization, preventing occurrence of diseases, treating illnesses, peer pressure regarding health & fitness due to media, friends & family, and rapid advancements in product offerings.

Market Segmentation:

Health Supplements Market, By Type

Dietary supplement

Body building supplements

Eye health supplements

Specialty supplements

Others

Health Supplements Market, By Application

Cardiology

Rheumatic disorders

Allergy

Others

Health Supplements Market, By Ingredients

Vitamins & minerals

Amino acids

Botanicals

Enzymes

Others

Health Supplements Market, By End-Users

Hospitals

Clinics

Research centers

Other

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Key Players:

The key players in the global health supplements market include Abbott Laboratories (USA), Alticor Inc. (USA), BASF SE (Germany), Bayer AG (Germany), E. I. du Pont de Nemours and Company (USA), Glanbia plc (Republic of Ireland), GlaxoSmithKline Limited (UK), Herbalife International (USA), and The Nature's Bounty Co. (USA).

Regional Analysis:

The regional segmentation of the global health supplements market covers The Americas (North America & South America), Europe, Asia Pacific, and the Middle East & Africa (MEA). The Americas hold the lion's share in the global market due to the presence of major key players in this region, especially in North America. Apart from big scale production, availability of funds for research, and government support for research & development (R & D) regarding the development of new health supplements which boosts the market. The market in the Americas is expected to grow during the forecast period. The United States of America (USA) and Canada are expected to lead the market. Europe is the second largest position in the global health supplements market, due to the reasons same as the Americas. Due to technological advancement, North America and Western Europe are more advanced than South America and Eastern Europe, respectively. The cream of Europe market comprises of France, Germany, Italy, Spain, and the United Kingdom (UK), followed by rest of Europe.

The Asia Pacific is the fastest growing market due to the high healthcare expenditure, huge patient population, increasing demand for quality products, and presence of rapidly developing healthcare technology. The biggest markets in the Asia Pacific region comprise of Australia, China, India, Japan, and South Korea, followed by rest of the Asia Pacific region. In the MEA region, the market has a slow growth due to lack of available funds, education, lack of healthcare awareness, and political instability.

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