According to FutureWise analysis, the health supplements market in 2025 is US$8.51 billion, and is expected to reach US$17.13 billion by 2033 at a CAGR of 9.14%.
A health supplement is designed to complement an individual's diet and support the body's healthy functions. It is important to note that health supplements do not include injectables or sterile preparations, such as injections or eyedrops, and cannot be consumed as part of a meal or standard diet. These supplements can contain a range of components, including vitamins, minerals, amino acids, fatty acids, enzymes, probiotics, and other bioactive substances, either in isolation or as combined formulations. Additionally, they may incorporate animal, mineral, and botanical extracts, isolates, and concentrates derived from natural sources. The importation, production, and sale of health supplements do not require approval or licensing from the Health Sciences Authority (HSA). However, the HSA strictly prohibits the inclusion of pharmaceutical compounds, such as steroids, in these products. Furthermore, there are stringent regulations concerning the allowable limits of harmful heavy metals in health supplements. Market growth in health supplements is driven by a heightened awareness of their functional benefits, urbanization, shifting lifestyles, increased emphasis on preventive health to mitigate the need for later treatments, adherence to dietary recommendations, and the desire to treat or prevent various health conditions. The influence of media and recommendations from friends also play a significant role in boosting the popularity of health supplements.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Health Supplements Market trends that shall affect the overall market growth.
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By Type
- Dietary supplement
- Body building supplements
- Eye health supplements
- Specialty supplements
- Others
By Application
- Cardiology
- Rheumatic disorders
- Allergy
- Others
By Ingredient
- Vitamins and minerals
- Amino acids
- Botanicals
- Enzymes
- Others
By End User
- Hospitals
- Clinics
- Research centers
- Other
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Competitive Landscape in Health Supplements Market:
- Herblife International
- BASF SE
- E.I. du Pont de Nemours and Company
- Glanbia plc.
- Abbott Laboratories
- Alticor Inc.
- The Nature's Bounty Co.
- Bayer AG
- GlaxoSmithKline Limited
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Health Supplements Market By Type, By Application, By Ingredient, By End User and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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