wiseguyreports January 14, 2021

Market Scenario

Historically, dietary supplements in the age of personalized nutrition market has focused on promoting a specific specialty ingredient targeted at specific consumer health needs such as omega3 for heart health, lutein for eye care and others. Personalized nutrition offers manufacturers the chance to develop an ongoing relationship with consumers rather than a single transactional approach. Massive advancements in the dietary supplements preparation in the field of personalized nutrition along with the possibility of the superior drug formulation will uplift the global dietary supplements market.

The global dietary supplement in the age of personalized nutrition market has been identified as one of the fastest growing industries, owing to the changing food habits and stringent regulatory framework and the intense competitive rivalry among a plethora of public companies. Dietary supplements in the age of personalized nutrition are regarded as one of the most noteworthy changes in the healthcare sector because of its capability to provide improved drug delivery and better patient/individual treatment process. Massive advancements in the dietary supplements preparation in the field of personalized nutrition along with the possibility of the superior drug formulation will uplift the global dietary supplements market

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Global Dietary Supplements in the Age of Personalized Nutrition Market are expected to grow at a CAGR of 6.90% during the forecast period 2017-2023.

Segmentation

Global Dietary Supplements in the Age of Personalized Nutrition Market are segmented on the basis of Product Category, Application, Gender, Dosage Form and End User.

On the basis the product category, it is segmented into vitamins, herbs & botanicals, sports supplements, meal supplements, minerals and other.

On the basis of the application, it is segmented into lifestyle diseases, inherited diseases, genetic predispositions and others.

On the basis of the gender, it is segmented into female and male. Female and male is further segmented into various age groups, namely, 55 + age group, 35-54 age group, 19-34 age group, and 0-18 age group.

On the basis of the dosage form, it is segmented into tablets, capsules, powder, liquids, soft gels and others.

On the basis of the end-users, it is segmented into hospitals & clinics, home care, and others.

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Global Dietary Supplements in the Age of Personalized Nutrition Market, By Product Category, 2016 (%)

 Dietary Supplements by product

Source: Council for Responsible Nutrition, FDA Center for Food Safety and Applied Nutrition Index, American Cancer Society, World Health Organization, Directorate of Industries, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation

Regional Analysis

Global Dietary Supplements in the Age of Personalized Nutrition Market, on the basis of region is divided into the Americas, Europe, Asia Pacific and the Middle East & Africa. The Americas accounted for the largest market share of 35.3% In 2016 for global dietary supplements in the age of personalized nutrition market. This large share is majorly attributed due to presence of major manufacturers, high consumption of dietary supplements, rising awareness towards weight management, and various others. Europe account for the second largest market share, whereas Asia Pacific is expected to grow at the fastest rate with 7.55% CAGR for the forecast period. With lots of opportunity and continuously growing economies, the region is expected to be the fastest growing segment. Factors such as recent healthcare developments, improving economies, high aging population, and increased healthcare spending are influencing the growth of the market. The Middle East & Africa with less economic developments and extremely low income accounted for the least market share in 2016 but is expected to grow in coming future.

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Key Players

Some of the key players in this market are Nestlé Health Science, Danone Nutricia, Carlyle Group, Amway (Nutrilite), Archer Daniels Midland, Abbott Laboratories, Herbalife International, Amway, Danisco, Glanbia, Bayer AG, GlaxoSmithKline plc, Pfizer Inc., Balchem Corporation, Natures Product Inc., Bactolac Pharmaceutical Inc. and others.

Research Methodology
Dietary Supplements in the age of Personalized Nutrition Market Research Report - Global Forecast till 2023 -Report image 01

Source: World Health Organization, Centers for Disease Control and Prevention, expert interview market research future analysis, annual report, white paper, company presentation

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Key Findings

  • Global Dietary Supplements in the Age of Personalized Nutrition Market was USD 100,741.2 Million in 2016
  • Vitamins are the largest segment, by product category which is projected to grow at a CAGR of 7.37% during the forecast period from 2017-2023
  • Female is the largest segment, by gender for the global dietary supplements in the age of personalized nutrition and expected to grow at a rate of CAGR 7.39% during the forecast period
  • The tablets segment accounted for the largest market share with 27.7% for the global dietary supplements in the age of personalized nutrition in the age of personalized nutrition market by dosage and is expected grow with a CAGR of 7.44% for the forecast period.

Intended Audience

  • Dietary Supplements in the age of Personalized Nutrition Manufacturers
  • Research and Development (R&D) Companies
  • Market Research and Consulting Service Providers
  • Potential Investors

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