Factors That Are Affecting The Dietary Supplements Market

The global dietary supplements market size is projected to accelerate at a CAGR of 9.6% from 2016 to 2024.

By Content Writer
Factors That Are Affecting The Dietary Supplements Market

Rising awareness towards maintaining health and wellness among working professionals as a result of extensive brand campaigns by nutritional product manufacturers is having a substantial impact. The global dietary supplements market size is projected to accelerate at a CAGR of 9.6% from 2016 to 2024.

Dietary supplements are majorly consumed with a prime intention to enhance the intake of essential nutritional components in the human body. Here are the following factors that are affecting the dietary supplement Industry

Growing Interest

Interest in vitamins, minerals and supplements has never been greater. That attraction toward supplements to support a healthier lifestyle or aid in the prevention of disease is particularly prevalent among seniors.

This rise in consumer interest, particularly among baby boomers, also translates directly into sales growth. Multivitamins still provide plenty of opportunities via gummies, probiotics. Vitamins-based supplements are projected to account for 48.0% of global share by the end of 2024. 

Millennials Impact

Millennials are taking a shine to the use of dietary supplements as a strategy toward being healthier. According to a survey conducted, supplement-consumption patterns among younger and middle-aged adult populations, with 70% of adults ages 18 years to 34 years old and of those aged 35 years to 54 years old reporting dietary supplement use.

Sports Nutrition

Sports nutrition is a category beginning to emerge as a viable destination centre within mass outlets. The trend line behind this mass growth is gravitation toward “cleaner” ingredients, and mass outlets lend a sort of credibility toward this perception. Clean foods have risen in popularity over the years as consumers have become more health conscious and savvy regarding how to power their bodies both on and off the field.

Millennial Moms

Supplement Industry is targeting millennial moms. There is perhaps a latent opportunity for retailers to create a new destination centre out of existing categories that would appeal to a new millennial mom. The maternity wellness market is a $2.5 billion opportunity. Products that are boosting preconception health; products supporting a pregnant woman’s health; and products supporting lactation and breastfeeding following her pregnancy are in major demand.

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Drone Power have its own core technology team and we..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size
    Space required 300
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater New delhi Delhi
  • Consumer Electronics
    We are cutting edge high tech company ..
    Locations looking for expansion Gujarat
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size
    Space required 00
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Wadhwancity Gujarat
  • Others
    Humsafar is a consumer brand of “Samridhi Highway Solutions Pvt Ltd” wh..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Activity Centres, Day Care & Creches
    About Us: 'Wings', a part of the Shivam Eduwings Foundation, is..
    Locations looking for expansion West bengal
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads