Global dietary supplements market grew from USD 90.6 billion in 2010 to USD 109.8 billion in 2013 at a CAGR of 6.6%. Under regional segment, the Asia-Pacific dietary supplements market (the largest market in 2013) increased by 8.2% CAGR during 2010-2013 to reach USD 34.2 billion in 2013.
Due to increasing costs of healthcare, people are turning towards dietary supplements to help them stay healthy. These supplements provide various health benefits such as strengthening the immune system, protection from cold and flu, prevention of migraine headaches, treat of arthritis, rheumatic diseases, allergies, lower cholesterol, triglyceride levels and blood pressure, cardiovascular diseases, and cognitive diseases at lower costs.
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Asia-Pacific was the largest market for dietary supplements in 2013, accounting for 31.2% of the global market share, followed by Europe and North America with a market share of 30.1% and 25.4% respectively. From 2014–2020 the Asia-Pacific dietary supplements market is expected to grow at a CAGR 9.1%, driven by populous countries such as India and China. Consumer awareness about the benefits of dietary supplements and wide product availability are the major drivers for the market in the region. The increase in disposable income allows customers to spend more on healthy food items. According to the National Bureau of Statistics of China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013.
Under the product segment, botanical supplements (the largest segment in 2013) increased by a CAGR of 6.6% during 2010–2013 to reach USD 54.6 billion in 2013. Under the application segment, the pharmaceutical sector (the largest sector in 2013) increased by a CAGR of 6.4% during 2010–2013 to reach USD 52.1 billion in 2013. Under regional segment, the Asia-Pacific dietary supplements market (largest market in 2013) increased by 8.2% CAGR during 2010-2013 to reach USD 34.2 billion in 2013.
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