The nutritional supplements market is expected to grow at a CAGR of 6.5% during the forecast period of 2024 to 2032, driven by key drivers such as increasing health awareness, the sports and fitness trend, and the popularity of weight management products. However, regulatory challenges pose a notable restraint. Market segmentation highlights the dominance of specific product categories and consumer groups, while geographic trends emphasize regional variations in market dynamics.
The preclinical contract research organization (CRO) market is expected to grow at a CAGR of 8% during the forecast period of 2024 to 2032. The preclinical CROs play a crucial role in supporting the pharmaceutical and life sciences industries by providing specialized research services. From 2024 to 2032, this market is expected to witness substantial growth driven by factors such as the increasing adoption of patient-derived models in preclinical research and the expanding clientele base, including biopharmaceutical companies, government and academic institutes, and medical device companies.
The global activated charcoal supplement market accounted for US$ 5.1 Bn in 2021 and expected to grow to US$ 12.5 Bn growing at a CAGR of 9.5% throughout the forecast period from 2024 to 2032. Activated charcoal supplement absorbents are tailor-made for precise applications on the basis of pore volume and pore size requirements. Activated charcoal supplement has a vital role in applications throughout the healthcare industry including treatment of diseases such as indigestion, diarrhea and flatulence among others.
Food fortification ingredients are generally recognized as safe ingredients which are added in foods, beverages and other edible products to provide functional and health benefits and also supports the shelf life of the products.
Global Acerola Extract Market was valued at US$ 11,174.4 Mn in 2021, and, expanding at a CAGR of 7.2% from 2024 to 2032. Acerola extract is derived from acerola fruit, produced in Central America, South America, California, Florida, and Texas.
There is an increased inclination among consumers regarding their beauty and hygiene, which is fuelling the demand for advanced skin care products. Of different product range for skin care, anti-aging is perceived to gain significant momentum in the next five to six years. Technological advancements in the personal care industry have led towards development of novel anti-aging nutraceutical products.
Vitamins are classified as an organic compound required in very small quantity for growth and maintaining good health. Vitamins are found in minute amount in various foodstuffs and sometimes it is produced synthetically. The body cannot produce vitamins on its own therefore the body must get it through various foods and in some cases through supplements.
The vitamins and dietary supplements market is a rapidly growing segment of the healthcare industry, providing consumers with a range of products to promote health and wellness. The market is driven by increasing awareness about the benefits of vitamins and supplements, rising healthcare costs, and the growing aging population. The vitamins and dietary supplements market is highly competitive, with many companies focused on innovation and the development of new products. The global vitamins and dietary supplements market is expected to grow at a CAGR of 7.5% during the period of 2023 to 2031. The increasing demand for natural and organic products, coupled with an aging population and rising healthcare costs, is expected to drive the growth of the market in the coming years.
One of the primary drivers of the vitamins and dietary supplements market is the increasing awareness about the benefits of these products. Consumers are becoming more health-conscious and are looking for ways to supplement their diets with vitamins and supplements that can help prevent diseases, boost their immune system, and improve their overall well-being. The growing interest in health and wellness has led to an increase in demand for vitamins and dietary supplements, driving the growth of the market. One of the emerging trends in the vitamins and dietary supplements market is the increasing use of probiotics. Probiotics are live bacteria and yeasts that are good for your health, especially your digestive system. Probiotics have been shown to improve gut health, boost the immune system, and reduce the risk of certain diseases. The increasing interest in probiotics has led to the development of new products and the inclusion of probiotics in existing products, driving the growth of the vitamins and dietary supplements market.
Herbal supplements are derived from plants and are used to promote health and wellness. The use of herbal supplements has been increasing due to the perceived benefits of natural products and the desire for alternative therapies. The development of new herbal supplements and the inclusion of herbal supplements in existing products has contributed to the growth of the vitamins and dietary supplements market. The increasing focus on personalized nutrition is also driving the growth of the vitamins and dietary supplements market. Personalized nutrition involves tailoring dietary recommendations and supplements to individual needs based on genetic and other personal information. The use of personalized nutrition has been increasing due to the growing understanding of the impact of genetics on health and the desire for more individualized approaches to healthcare. The development of personalized nutrition programs and supplements has contributed to the growth of the vitamins and dietary supplements market.
The increasing use of e-commerce and online channels is driving the growth of the vitamins and dietary supplements market. Consumers are increasingly using online channels to purchase vitamins and supplements due to the convenience, cost-effectiveness, and wider range of products available. The use of e-commerce has also allowed for better targeting of consumers and more personalized marketing strategies, contributing to the growth of the vitamins and dietary supplements market. The vitamins and dietary supplements market is a rapidly growing segment of the healthcare industry, providing consumers with a range of products to promote health and wellness. The increasing awareness about the benefits of vitamins and supplements, rising healthcare costs, and the growing aging population are driving the growth of the market. The emerging trends in the use of probiotics, herbal supplements, personalized nutrition, and the use of e-commerce and online channels are expected to drive the growth of the market in the coming years. Companies that provide vitamins and dietary supplements and related services are well-positioned to capitalize on this growing market.
