Dietary Supplement Industry Statistics 2019

Global dietary supplements market is projected to grow with a cagr of 6 9 during the forecast period 2020 2025.

Dietary supplement industry statistics 2019. The market is backed by rising health awareness globally among consumers of all age groups coupled with a considerable rise in the number of fitness centers and gymnasiums. This number has increased drastically since the mid 90s. More than one half of american adults reported taking some form of dietary supplement. Conducted annually since 2000 the crn consumer survey on dietary supplements has served as the leading resource for statistics on usage of dietary supplements.

Dietary supplement industry statistics. The global dietary supplements market size was estimated at usd 123 28 billion in 2019 and is projected to expand at a cagr of 8 2 during the forecast period. The global dietary supplements market size is projected to reach usd 230 73 billion by 2027 registering a cagr of 8 2 over the forecast period according to a new report by grand view research inc. Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand.

Global dietary supplements market by type botanicals vitamins minerals amino acids probiotic other by application food beverages health care products other by region and key companies industry segment outlook market assessment competition scenario trends and forecast 2019 2029. The dietary supplements market is preliminarily driven by the paradigm shift toward preventive health management practices amid rising healthcare costs and increasing burden of lifestyle diseases. According to dietary supplement statistics from 2019 the industry employs over 750 000 americans. Growing demand for dietary supplements in the health and wellness industry is a major factor driving the market growth in the forecast period 2019 2027.

A positive outlook toward the sports nutrition market is also among major driving factors. 22 26 2019 by ipsos and was funded by crn. The following statistics are provided by the centers for disease control and prevention. The global dietary supplements market size was valued at usd 111 34 billion in 2018 and expected to expand at a cagr of 7 8 from 2019 to 2025.

The global dietary supplements market is predicted to grow at a compound annual growth rate cagr of 6 percent from 2015 to 2019 according to a new report from research and markets consumer awareness of supplements effects on lifestyle ailments will help drive this growth noted the market research firm. The global dietary supplements market is growing due to the rising acceptance of preventive management than curative practices in healthcare sector and growing health awareness towards the weight management among all age groups across the world. Rising health awareness among different ages on a global level is anticipated to play a vital role in increasing the number of gymnasiums.