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 Insights

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 a vibrant and rapidly expanding industry that caters to the growing demand for health and wellness products. With a captivating market introduction, the purpose of this market is to provide individuals with a wide range of dietary supplements to support their nutritional needs, promote overall well-being, and address specific health concerns. These supplements come in various forms, including vitamins, minerals, herbal extracts, probiotics, and sports nutrition products, offering consumers a convenient way to enhance their diet and lifestyle. The increasing awareness and focus on preventive healthcare and self-care practices have fueled the demand for dietary supplements. Consumers are proactively seeking ways to optimize their health and bridge nutritional gaps, leading to the rising adoption of supplements as a part of their daily routine. Additionally, the aging population and the prevalence of chronic diseases have created a strong consumer base seeking supplements to support healthy aging, improve immune function, and manage specific health conditions.

Stringent regulations and quality control standards imposed by regulatory bodies, such as the U.S. Food and Drug Administration (FDA), can pose challenges for market players in terms of compliance and product claims. Moreover, the abundance of product choices and the lack of standardized regulations may lead to consumer confusion and concerns about the efficacy and safety of supplements. However, despite these challenges, the market continues to exhibit key trends that drive its growth. These include the growing popularity of personalized nutrition and customized supplement regimens, the rising demand for plant-based and natural supplements, and the increasing adoption of e-commerce platforms for supplement purchases. The U.S. dietary supplements market offers numerous opportunities for businesses to cater to the evolving needs and preferences of consumers. Companies can capitalize on the demand for specialized supplements targeting specific health concerns, such as immune support, cognitive health, and digestive wellness. Furthermore, the market presents prospects for innovation and differentiation, as manufacturers develop novel formulations, improve ingredient sourcing and transparency, and leverage scientific research to support product efficacy claims. With an estimated market value of over $50 billion by 2025, the U.S. dietary supplements market provides an attractive platform for businesses to contribute to the nation's pursuit of optimal health, wellness, and vitality.

US Dietary Supplements Market is poised to grow at a sustainable CAGR for the next forecast year

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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

$3,500
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