Pune, India, 27th October 2017: WiseGuyReports announced addition of new report, titled “Global Powder Dietary Supplements Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024”.
Global Powder Dietary Supplements Market Outlook
Dietary supplements comprise ingredients such as proteins, minerals, vitamins and enzymes that assure the body to get enough vital nutrients that are required for functioning and help in reducing the risk of diseases. Population of developed regions such as North-America and Europe are more conscious about their physical appearance and health. Maintaining healthy lifestyle and rising awareness among consumers for healthier food products also driving the growth of powder dietary supplements market. Additionally, desires to achieve attractive personality and wide range of sports dietary supplements encourage the consumers to opt for powder dietary supplements market. Rising e-commerce trends made the retailers to focus their sales on online platforms by listing of various dietary products and better online education. Thus, growth in e-commerce business is one of the key factors driving the growth of global dietary supplements market. Dietary supplements market witnessed major growth with nearly USD 14.0 billon spending over dietary supplements to treat various conditions such as arthritis, diabetes, obesity and immune system problems. Initiative by emerging economies such as India and China for promoting health and wellness programs, leading to higher sales of powder dietary supplements in these countries. Calcium based dietary supplements are the most in demand supplements driven by the women population, arthritis cases, osteoarthritis and other bone and joint related diseases.
Key Market Players
o Business strategy
o Product Portfolio
o SWOT Analysis
• Abbott Laboratories
• Carlyle Group
• Amway Inc.
• Glanbia Nutritionals
• Herbalife International
Global consumer health product market accounted over USD 200.0 billion in 2016; in which dietary supplements market generated revenue of USD 89.5 billion.
Global powder dietary supplements market is expected to expand at a compound annual growth rate of 2.4% over the forecast period owing to swelled demand for multifunctional dietary products. Global powder dietary supplements market accounts for 57.0% revenue share of total dietary supplement market, accounted for USD 51.2 billion in 2016 and further the market is expected to showcase significant growth and likely to surpass USD 60.0 billion by 2024.
Sports dietary supplements market accounted for USD 8.0 billion in 2016 in which powder sports supplement products generated 60.0% of revenue share in overall market. Further, the powder dietary supplements market is expected to grow significantly on the back of rising trend for body fitness and energy supplements in sports. Weight management powder supplements are also expected to witness significant growth owing to increasing cases of obesity and desires for lean body shape.
North America region dominated the global powder dietary supplements market with more than 40.0% market share, closely followed by Asia-Pacific region with more than 30.0% share in 2016. In 2016, North America accounted more than USD 20.0 billion sales of dietary supplement products. China and Korea in Asia-Pacific accounts for the largest sales of powder dietary supplements products in the region.
Market Dynamics: Growth Drivers, Restraints and Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
Key Market Players
• Business Strategy
• Product Portfolio
• SWOT Analysis
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
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Contact Person: Norah Trent
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