Hotline: 1800 102 2007
X
Search Business Opportunities

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
Related opportunities
  • Skills / Personality Development
    SPOKEN ENGLISH COURSES with exclusive course material from OXFORD UNIVERSITY..
    Locations looking for expansion West bengal
    Establishment year 1935
    Franchising Launch Date 1992
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amherst street West bengal
  • About Us: My Hotline is a Cloud Communication and Business Solutions..
    Locations looking for expansion Punjab
    Establishment year 2002
    Franchising Launch Date 2015
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jalandhar Punjab
  • Express Food Joints / Drive Through
    Have you ever dreamt of owning a food franchise opportunity? Grab..
    Locations looking for expansion Rajasthan
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Pizzeria
    Start your own pizza joint by becoming a Go69 Franchisee:..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Lucknow Uttar Pardesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
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