Overview:

The global vitamin and mineral supplement market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Fitness services are provided by various gym, fitess centres, and health clubs. These services help any individual to maintain his/her health and raise the fitness level. The services include various types such as personal training, zumba, crossfit, and many more.

Market Dynamics:

Increasing obese population and growing prevalence of various chronic diseases among individuals across the globe is a key factor driving growth of the global vitamins and mineral supplements market. For instance, according to the World Health Organization (WHO), around over 1.9 Bn adults were overweight across the globe in the year 2016. In addition, among them more than 650 Mn were found obese.  Moreover, as per WHO analysis, in the year 2025 around three-quarter of global death will due to the chronic disease. Moreover, 70% burden of chronic disease will occur in emerging countries.

Furthermore, many individuals are opting for regular physical exercise to reduce obesity and the chances of chronic disease; this is propelling demand for vitamins. In addition, chronic disease results in increased cost of healthcare, hence individual are preferring for healthy and balanced diet to reduce overall healthcare cost. This is another factor supporting market growth.

Key Trends:

Many key players are opting for online sales channel and selling their products through E-commerce website. This is a key trend observed in the global market. Additionally, majority consumers preferring to purchase dietary supplement online, growing number of smartphone users, and increasing internet penetration are some other factors supporting this market trend across the globe.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region is expected to hold highest market share in the global vitamin and mineral supplement market closely followed by Asia Pacific region. This is owing to High awareness of advantage of supplements and high disposable income coupled with high spending on health & lifestyle products. In addition, rising risk level of vitamin deficiency among individuals in countries such as United States is resulting into high demand for vitamin and mineral supplement in the region. However, Asia Pacific region is expected to witness highest growth over the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Vitamin and Mineral Supplement Market, By Type:

• Multivitamin
• Single Vitamin
• Multi Mineral
• Single Mineral

Global Vitamin and Mineral Supplement Market, By End User:

• Adults
• Children

Key Players Covered:

Key players operating in the market includes, General Nutrition Centers, Inc., Amway, Puritan's Pride, Pharmavite, Jamieson, Webber Naturals, Pfizer Inc., Daiichi Sankyo, Eisai, and Salus-Haus.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Vitamin and Mineral Supplement Market by type, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global vitamin and mineral supplement market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.