Wellness Supplements Market

Global Wellness Supplements Market Size (2024 to 2032)

The global wellness supplements market size was worth USD 194.8 bn in 2023 and is estimated to grow at a CAGR of 6.4% from 2024 to 2032 and be worth USD 340.35 billion by 2032 from USD 207.2 billion in 2024. The growth of the global dietary supplement market is primarily driven by factors such as an increase in the elderly population and an increased prevalence of chronic diseases.

Wellness Supplements are essential to maintain a healthy lifestyle. Supplements contain all minerals in sufficient quantities to meet the daily needs of a healthy lifestyle. Food supplements generally include calcium, vitamin D, folic acid, and vitamin b12. Pregnant women who are breastfeeding use these supplements because they are usually rich in folic acid. Strict vegetarians may not be able to get enough vitamin B12, zinc, and iron, and these tablets can supplement it. Wellness Supplements are substances intended to add nutritional value to your diet to promote health. Supplements are available in a variety of product forms, including dietary supplements, food intolerance products, fortified or functional foods and beverages, and essential skincare products.

MARKET DRIVERS

The growing awareness regarding the benefits of wellness supplements is majorly propelling the global market growth.

The rising healthcare costs and increased awareness of the consumer transition to nursing are contributing to the expansion of the wellness supplements market. Increased health awareness among people around the world is one of the main factors driving the growth of the global wellness supplements market. Across the world, consumers are increasingly realizing the benefits of preventive health over treatment and are transitioning to a healthier lifestyle. Also, as supplements of wellness products increase, the market is revitalizing. The Wellness Supplements category is the sum of healthy food and drink products and complements. This supplement is taken with a regular diet to improve nutrition and promote health. The global wellness supplements market is also experiencing significant growth due to an aging population and related health problems, which are driving demand for nutritional supplements with proven health benefits.

Growth in the Wellness Supplements Market is primarily driven by factors such as increased interest in healthy lifestyles, higher disposable incomes in emerging countries, increased awareness of health products, and the transition from medical care to preventive health. The aging of the population is generally benefiting the market due to the weak immune system. Furthermore, as the disposable income of consumers in developing countries has increased, sales in the region have begun to expand the entire market. The aging of the population is generally benefiting the market due to the weak immune system. Furthermore, as the disposable income of consumers in developing countries has increased, sales in the region have begun to expand the entire market.

The growing aging population and the prevalence of chronic diseases in several countries are further promoting the growth of the wellness supplements market.

Also, the growing awareness of the benefits of the wellness supplements market and rising healthcare costs, the move to preventive healthcare is another factor that accelerates growth in the target market during the outlook period. The current trend observed in target markets is changing the way people consume food. Additionally, interest in acquiring and merging players from leading players has increased to add innovative products to existing product portfolios, expand offerings, and strengthen the wellness supplements market presence.

Furthermore, the global market for Wellness Supplements is highly fragmented, with significant market participants taking advantage of several different effective strategies like expanding, joint ventures, mergers and acquisitions, new product launches, and an increase in footprint in this market. The main factors driving Wellness Supplements Market growth are long-term disease outbreaks, rising healthcare prices, a rising population of older people, and increased awareness of the benefits of dietary supplements. Therefore, in the near future, the global Wellness Supplements Market is assumed to grow more positively worldwide in recent years.

MARKET RESTRAINTS

The high costs associated with these supplements, the lack of distinction between traditional food categories, and changes in regulatory policy are factors that limit the growth of the global Wellness Supplements Market. Additionally, the marketing of these supplements follows strict regulations, so changing regulatory policies has a negative impact on market growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Wellness Supplements Market Analysis By Product 

The dietary supplements segment is leading with the largest share of the market. The rising incidences of various chronic illnesses are leading to rising awareness among the public to take regular dietary supplements to an extent. In today’s world, it is very important to follow strict regular by taking vitamin supplements on a regular basis to often lead a healthy lifestyle. The fortified food and beverages segment is next in leading the largest share of the market. These kinds of foods and beverages are added with nutritional value that helps the consumers to benefit from good health. These foods and beverages are beneficial in lowering the risk of cancer and other chronic diseases, which is becoming a top priority for people who seek to stay healthy. Athletes and fitness people are more inclined to opt for energy drinks that boost them

to perform vigilant exercises or workouts. The launch of innovative energy drinks with minimal sugar content to attract fitness freaks is also to enhance the growth rate of the market.

Few people are clearly opting for gluten-free food products to reduce weight. Obesity among people across the world is increasing, and their demand for high-quality gluten-free products that help manage their weight without compromising taste is eventually leveling up the growth rate of the market. In addition to this, the rising prevalence of diabetic patients everywhere is likely to surge the growth rate of diabetic food products that maintain blood sugar levels. According to the Diabetic Atlas research survey, there will be more than 643 million people suffering from diabetes across the world. These statistics are attributed to leveraging the growth rate of the diabetic food segment.

REGIONAL ANALYSIS

The North American region led the market in 2023 and is expected to dominate the worldwide market during the forecast period. This is due to the increasing acceptance of wellness products in several countries in the region due to the increase in the population of older people. Furthermore, increased awareness of protein consumption among middle-aged adults in developed countries such as the United States and Canada and the maintenance of optimal nutritional levels are expected to increase the demand for the wellness supplements market.

The Asia Pacific regional market is expected to post significant growth in terms of earnings during the prediction period due to increased disposable income and increased interest in healthy lifestyles. Furthermore, growth in the Asia-Pacific market is estimated to accelerate as awareness of strengthening/improving nutrition increases in emerging countries such as India, China, Indonesia and Malaysia. In addition, regulatory support for investment promotion, along with the expansion of the retail market and government initiatives, are some of the factors that are foreseen to accelerate the growth of target Wellness Supplements Markets in this area in the coming years. The wellness supplements market in Europe is also envisioned to witness a notable increase in the foreseen period.

KEY PLAYERS IN THE WELLNESS SUPPLEMENTS MARKET

Companies playing a major role in the global wellness supplements market include Nestle, Abbott Laboratories, Amway, Otsuka Holdings, Herbalife, Archer Daniels Midland Company, Glanbia Inc., NBTY Inc., GNC Holdings and Nu Skin Enterprises.

RECENT HAPPENINGS IN THE MARKET

• In February 2018, a deal was made between Cargill Inc. and Archer Daniels Midland Company (ADM) to launch a joint enterprise for offering soybean meal and oil to customers in Egypt.
• In September 2017, the United States-based Archer Daniels Midlands Company (ADM) worked with Mayo Clinic, a non-profit academic medical center based in the United States, to provide personalized nutritional products. This trend is expected to accelerate growth in the target market during the forecast period.

DETAILED SEGMENTATION OF THE GLOBAL WELLNESS SUPPLEMENTS MARKET INCLUDED IN THIS REPORT

This research report on the global wellness supplements market has been segmented and sub-segmented based on product and region.

By Product

• Dietary Supplements
  • Vitamin
  • Mineral
  • Protein
  • Herbal
• Fortified Food & Beverages
  • Omega Fatty Acid
  • Probiotic Food
  • Branded Iodinated Salt
  • Branded Wheat Flour
  • Energy Drinks
  • Sports Drinks
  • Fortified Juices
• Food Intolerance Products
  • Gluten-free
  • Lactose-free
  • Diabetic Food
• Dermo-Cosmetic Skin Essentials
  • Anti-Aging
  • Anti-Cellulite
  • Anti-Acne Supplements

By Region

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
  • The United Kingdom
  • Spain
  • Germany
  • Italy
  • France
  • Rest of Europe
• The Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • Singapore
  • Malaysia
  • South Korea
  • New Zealand
  • Southeast Asia
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of LATAM
• The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Lebanon
  • Jordan
  • Cyprus