The global dietary supplements market was valued at USD 86.77 billion in 2023 and is projected to grow from USD 93.46 billion in 2024 to USD 182.52 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.73% during the forecast period (2024–2032). Asia Pacific led the market in 2023, holding a dominant share of 41.97%.
Dietary supplements, designed for oral consumption, contain at least one dietary ingredient. The market is experiencing significant growth due to increasing demand for supplements that enhance sports performance and athletic capabilities. Additionally, rising consumer awareness of the importance of meeting daily micronutrient requirements and growing investments in health and wellness products are further driving market expansion.
Information Source: https://www.fortunebusinessinsights.com/dietary-supplements-market-102082
Key Market Players
Market Segmentation
Vitamins Segment Leads with 37.14% Share in 2019
The vitamins segment accounted for 37.14% of the dietary supplements market share in 2019 and is expected to maintain its dominance. The increasing use of vitamin supplements to address deficiencies and improve overall health is a key driver behind this trend.
Report Highlights