Dietary Supplements in the age of Personalized Nutrition Market – Overview
In recent years, the dietary supplement market has witnessed tremendous growth. The major factors influencing the growth of the market include rapid diversification and rising prevalence of various lifestyle diseases worldwide, rising approval from government bodies, growing awareness, and screening for diabetes mellitus, rise in research funding for diagnosis and treatment of these conditions. Furthermore, increasing government healthcare expenditure for the welfare of the population, has spurred the growth of this market.
Healthcare expenditure across the globe is continuously increasing. From the last decades, healthcare expenditure in regions like the Americas and Europe has increased. According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending is likely to increase 5.8% reaching USD 3.2 trillion. Since 2016, the healthcare spending in North America has been increased. Canadian healthcare specifically was stressed by an advancing demographic move. Therefore, growing healthcare expenditure.
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Increasing incidence of diseases due to sedentary lifestyle and a lack of balanced diet has majorly influenced the growth of the market. According to the World Health Organization (WHO), in 2015, over 17.7 million people died from cardiovascular diseases, representing 31% of all global deaths.
According to the same study, it was found that 82% of the total deaths occurred in the low and middle-income countries. Dietary supplements in the age of personalized nutrition plays an important role in the treatment of various lifestyle diseases such as atherosclerosis, cardiovascular disease, stroke; obesity and type 2 diabetes due to which there has been an increasing demand for dietary supplements in the age of personalized nutrition. Changing the dietary approaches and switching to therapeutic lifestyle prove effective in the prevention of hypertension and other cardiovascular disorders. Furthermore, many organizations such as the America Heart Association and the National Heart, Lung and Blood Institute have come up with strategic diets to minimize the risks for cardiovascular and other lifestyle related diseases.
The 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.
Nestlé Health Science
Archer Daniels Midland
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.
Major TOC of Dietary Supplements in the age of Personalized Nutrition Market Research Report – Global Forecast till 2023
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Dietary Supplements in an Age of Personalized Nutrition Market, By Product Category
7 Global Dietary Supplements in the Age of Personalized Nutrition Market, By Application
8 Global Dietary Supplements in the Age of Personalized Nutrition Market, By Gender
9 Global Dietary Supplements in the Age of Personalized Nutrition Market, By Dosage Form
10 Global Dietary Supplements in the Age of Personalized Nutrition Market, By End user
11 Global Dietary Supplements in the Age of Personalized Nutrition Market, By Region
12 Company Landscape
13 Company Profiles
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