Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 223.4 Billion | USD 369.1 Billion | 6.5% | 2022 |
FrequentlyAsked Questions
Wellness supplements are necessary for living a healthy life. Supplements supply enough minerals to satisfy the daily requirements for a healthy existence. Calcium, vitamin D, folic acid, and vitamin B12 are common ingredients in food supplements.
In years to come, it is anticipated that the worldwide market for wellness supplements will grow quickly due to the increasing prevalence of eating disorders and health issues. Among the wellness supplements on the market are dietary supplements, food intolerance products, functional or fortified foods and drinks, and derma-cosmetic skin requirements. The need for healthy and cosmetic products, along with an ageing population and increased disposable income in emerging economies, would likely support the growth of the wellness supplement industry.
According to the report, the global market size was worth around USD 223.4 billion in 2022 and is predicted to grow to around USD 369.1 billion by 2030.
The global Wellness Supplements market is expected to grow at a CAGR of 6.5% during the forecast period.
The global Wellness Supplements market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the increased awareness and growing product availability.
The global Wellness Supplements market is dominated by players like The Clorox Company, Haleon Group, Nutriwell Laboratories, BodyFirst Wellness Nutrition Private Limited, Archer Daniels Midland Company, Glanbia plc, Amway, NBTY Inc, Nu Skin Enterprises Inc., Herbalife Ltd., Abbott Laboratories, GNC Holdings Inc., Otsuka Holdings Co. Ltd. and Nestle S.A. among others.
The Wellness Supplements market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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