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Add to CartGlobal Wellness Supplements Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
Segmented by Product Type;
Dietary Supplements - Vitamin, Mineral, Botanical, Probiotics, Fatty Acid, Protein and Others, Functional Food and Beverage - Functional Bakery and Confectionary, Functional Dairy, Energy Drink, Sports Drink, Infant Formula and Baby Food and Others, Nutricosmetics - Skin Care, Hair Care, Weight Management and Others, Free From Food - Gluten-Free, Lactose-Free, Trans-Free and Others.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Wellness Supplements Market (USD Million), 2020 - 2030
| # | Global |
|---|---|
| 2020 | 69.9 |
| 2021 | 76.8 |
| 2022 | 89.4 |
| 2023 | 103.1 |
| 2024 | 121.9 |
| 2025 | 129.2 |
| 2026 | 154.6 |
| 2027 | 178.5 |
| 2028 | 186.2 |
| 2029 | 222.9 |
| 2030 | 243.6 |
In the year 2023, the Global Wellness Supplements Market was valued at USD 2,373.59 million. The size of this market is expected to increase to USD 3,616.41 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.
Global Wellness Supplements Market Report Snapshot
| Parameters | Description |
|---|---|
| Market | Global Wellness Supplements Market |
| Study Period | 2020 - 2030 |
| Base Year (for Wellness Supplements Market Size Estimates) | 2023 |
| Study Scope |
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| Market Segmentation |
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| Geographical Coverage |
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| Company Coverage |
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| Premium Insights |
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Market Analysis
This report extensively covers different segments of Global Wellness Supplements Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global Wellness Supplements Market Analysis
In this report, the Global Wellness Supplements Market has been segmented by Product Type and Geography.
Global Wellness Supplements Market, Segmentation by Product Type
The Global Wellness Supplements Market has been segmented by Product Type into Dietary Supplements, Functional Food and Beverage, Nutricosmetics and Free From Food. The complete Global Wellness Supplements Market segmentation by Product Type can be seen below:
- Global Wellness Supplements Market, By Product Type
- Dietary Supplements
- Vitamin
- Mineral
- Botanical
- Probiotics
- Fatty Acid
- Protein
- Others
- Functional Food and Beverage
- Functional Bakery and Confectionary
- Functional Dairy
- Energy Drink
- Sports Drink
- Infant Formula and Baby Food
- Others
- Nutricosmetics
- Skin Care
- Hair Care
- Weight Management
- Others
- Free From Food
- Gluten-Free
- Lactose-Free
- Trans-Free
- Others
- Dietary Supplements
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Product Types mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Product Type is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Wellness Supplements Market, by Product Type (USD Million), 2020 - 2030
| # | Dietary Supplements | Functional Food and Beverage | Nutricosmetics | Free From Food |
|---|---|---|---|---|
| 2020 | 98.7 | 76.9 | 112.4 | 104.9 |
| 2021 | 113.2 | 87.3 | 122.3 | 119.0 |
| 2022 | 129.3 | 88.9 | 138.7 | 138.7 |
| 2023 | 148.1 | 99.7 | 157.0 | 153.5 |
| 2024 | 156.0 | 119.0 | 172.4 | 181.4 |
| 2025 | 181.6 | 124.2 | 202.6 | 209.8 |
| 2026 | 210.7 | 144.6 | 203.6 | 241.3 |
| 2027 | 225.2 | 152.7 | 239.3 | 249.9 |
| 2028 | 244.6 | 175.1 | 246.0 | 250.4 |
| 2029 | 252.9 | 175.1 | 280.3 | 292.8 |
| 2030 | 299.4 | 183.1 | 321.1 | 294.7 |
Global Wellness Supplements Market, Segmentation by Geography
In this report, the Global Wellness Supplements Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Wellness Supplements Market Share (%), by Geographical Region, 2023
| North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Wellness Supplements Market in all the Regions and Countries (specified above) for historic (2020 - 2023) and forecast (2024 - 2030) Periods with 2023 considered as the base year.
This report also provides an analysis of why the market size of Wellness Supplements in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global Wellness Supplements Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The growth of the Global Wellness Supplements Market is driven by; Rising Awareness about Wellness Supplements, Increasing Focus on Healthy Lifestyle, Growing Geriatric Population, Shifting from Reactive to Proactive and Predictive Care and Increasing Disposable Income in Emerging Economies.
- While the growth of Global Wellness Supplements Market is currently hindered by; High Cost Associated with Wellness Supplements and Strict Regulatory Policies.
- The new opportunities in Global Wellness Supplements Market will be discussed in detail in the full report.
- Rising Awareness about Wellness Supplements.
- Increasing Focus on Healthy Lifestyle.
- Growing Geriatric Population.
- Shifting from Reactive to Proactive and Predictive Care.
- Increasing Disposable Income in Emerging Economies.
- High Cost Associated with Wellness Supplements.
- Strict Regulatory Policies.
- Global Wellness Supplements Market Opportunities will be discussed in detail in the full report.
Market Opportunity Map
This report provides market opportunity map for Wellness Supplements Market. The opportunity map (by market segments; Product Type) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.
Global Wellness Supplements Market, Opportunity Map, By Region (2020 - 2030)
| North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of Wellness Supplements Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global Wellness Supplements Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global Wellness Supplements Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Suppliers
| Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global Wellness Supplements Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
| Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
|---|---|---|---|---|
| 10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global Wellness Supplements Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
| Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
|---|---|---|---|---|
| 20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global Wellness Supplements Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
| Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
|---|---|---|---|---|---|
| 2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global Wellness Supplements Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
| Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
|---|---|---|---|---|
| 5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global Wellness Supplements Market include, Abbott Laboratories, Amway, Archer Daniels Midland Company, Glanbia Plc, GNC Holdings, Inc., Herbalife Ltd, NBTY, Inc., Nestl S.A., NU Skin Enterprises and Otsuka Holdings Co.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
| Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Product 1/Service 1 | ||||||||||
| Product 2/Service 2 | ||||||||||
| Product 3/Service 3 | ||||||||||
| Product 4/Service 4 | ||||||||||
| Product 5/Service 5 | ||||||||||
| Product 6/Service 6 | ||||||||||
| Product 7/Service 7 | ||||||||||
| Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Region
- Market Opportunity Map
- Global Wellness Supplements Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Awareness about Wellness Supplements
- Increasing Focus on Healthy Lifestyle
- Growing Geriatric Population
- Shifting from Reactive to Proactive and Predictive Care
- Increasing Disposable Income in Emerging Economies
- Restraints
- High Cost Associated with Wellness Supplements
- Strict Regulatory Policies
- Opportunities
- Drivers
- Regulatory Scenario
- Pipeline Analysis/Technological Advancements
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Wellness Supplements Market, By Product Type, 2020 - 2030 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Dietary Supplements
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Vitamin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Mineral
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Botanical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Probiotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Fatty Acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Protein
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Vitamin
- Functional Food and Beverage
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Functional Bakery and Confectionary
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Functional Dairy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Energy Drink
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Sports Drink
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Infant Formula and Baby Food
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Functional Bakery and Confectionary
- Nutricosmetics
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Skin Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Hair Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Weight Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Skin Care
- Free From Food
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Gluten-Free
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Lactose-Free
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Trans-Free
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Gluten-Free
- Dietary Supplements
- Global Wellness Supplements Market, By Geography, 2020 - 2030 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Japan
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- GCC
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020 - 2030 (USD Million)
- Brazil
- North America
- Global Wellness Supplements Market, By Product Type, 2020 - 2030 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Abbott Laboratories
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Amway
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Archer Daniels Midland Company
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Glanbia Plc
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- GNC Holdings, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Herbalife Ltd
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- NBTY, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Nestlé S.A.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- NU Skin Enterprises, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Otsuka Holdings Co., Ltd
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Abbott Laboratories
- Analyst Views
- Future Outlook of the Market
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