U.S. Dietary Supplements Market

U.S. Dietary Supplements Market Size, Share, Growth Analysis, By Ingredient(Vitamins, Botanicals, Minerals, Proteins & Amino acids), By Type(OTC, & Prescribed and drugstores), By Form(Tablets, Capsules, Soft Gels, Powders), By Application(Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health), By Target Consumer(Infant, Children, Adult, Pregnant Women), By Distribution Channel(Online, & Offline (Natural & Specialty Retail, Mass Market Retail, Multi-Level/Network Marketing), By Region - Industry Forecast 2024-2031


Report ID: SQMIC30I2398 | Region: Country | Published Date: February, 2024
Pages: 157 | Tables: 68 | Figures: 75

U.S. Dietary Supplements Market News

  • In February 2024, Nammex, the North American supplier of organic functional mushroom extracts, saw an increase in the amount of cultivated Turkey tail mushroom harvested by their partner farms in the third year of this initiative. Nammex cultivates organic turkey tail mushrooms for the dietary supplements market. 
  • In May 2023, Herbalife International of America, Inc. announced that it had acquired the sports nutrition company Usana Health Sciences, Inc. for $4.9 billion. The acquisition will give Herbalife a larger presence in the sports nutrition market and help it to compete with other major players in the industry, such as GNC and Vitamin Shoppe. 
  • In June 2023, Nature's Bounty, Inc. announced that it would be acquiring the vitamin and supplement manufacturer Schiff Nutrition International, Inc. for $1.4 billion. The acquisition will give Nature's Bounty a larger portfolio of products and help it to compete with other major players in the industry, such as GNC and Vitamin Shoppe. 
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U.S. Dietary Supplements Market size was valued at USD 42.64 billion in 2022 and is poised to grow from USD 45.11 billion in 2023 to USD 70.83 billion by 2031, at a CAGR of 5.8% during the forecast period (2024-2031). 

The U.S. dietary supplements market is highly competitive, characterized by the presence of a wide range of manufacturers, distributors, and retailers offering diverse product portfolios. The market analysis reveals that key players in the industry are focused on product innovation, brand positioning, strategic partnerships, and mergers and acquisitions to gain a competitive advantage. These companies cater to various consumer segments by offering dietary supplements for general health and wellness, weight management, sports nutrition, vitamins and minerals, and herbal and botanical supplements. Additionally, there is a growing presence of smaller and niche players that specialize in specific segments or target niche markets. The competitive landscape is further intensified by the emergence of direct-to-consumer online platforms and e-commerce giants, allowing new entrants to gain market share and challenge established players. 'Herbalife Nutrition Ltd. (US)', 'Amway Corp. (US)', 'Pfizer Inc. (US)', 'Bayer AG (Germany)', 'GNC Holdings Inc. (US)', 'Nutrilite (US)', 'NBTY Inc. (US)', 'Glanbia plc (Ireland)', 'Otsuka Holdings Co., Ltd. (Japan)', 'Abbott Laboratories (US)', 'Nature's Bounty Co. (US)', 'GlaxoSmithKline plc (UK)', 'Suntory Holdings Limited (Japan)', 'Reckitt Benckiser Group plc (UK)', 'Danone S.A. (France)', 'DSM Nutritional Products AG (Switzerland)', 'NOW Foods (US)', 'The Nature's Way Co. (US)', 'The Clorox Company (US)', 'Church & Dwight Co., Inc. (US)'

The increasing awareness among consumers about the importance of health and wellness is a significant driver for the U.S. dietary supplements market. Consumers are becoming more conscious about their nutritional intake and are seeking dietary supplements as a means to bridge the nutrient gaps in their diets. Factors such as hectic lifestyles, poor dietary habits, and the desire for preventive healthcare are driving the demand for dietary supplements. For example, the rising interest in maintaining a healthy immune system during the COVID-19 pandemic has led to increased demand for immune-boosting supplements like vitamin C and zinc.

Personalization and Customization: The trend of personalized nutrition is gaining traction in the dietary supplements market. Consumers are seeking customized solutions that cater to their specific nutritional needs, health goals, and genetic profiles. Companies are leveraging advancements in technology, such as genetic testing and personalized algorithms, to offer tailored dietary supplement recommendations. This trend allows consumers to address their unique nutritional requirements and promotes a more targeted and individualized approach to supplementation.

The West Coast region, encompassing states such as California, Washington, and Oregon, exudes a vibrant health and wellness culture, driving the demand for dietary supplements. With a strong focus on fitness, organic lifestyles, and preventive healthcare, this region boasts a considerable market share in the U.S. dietary supplements market. Health-conscious consumers on the West Coast are actively seeking natural, plant-based, and organic supplements that align with their holistic approach to wellness. For instance, herbal supplements enriched with ingredients like turmeric, ginseng, and acai berry have gained immense popularity in this region, capturing a significant market share.

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U.S. Dietary Supplements Market

Report ID: SQMIC30I2398

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