The North America Vitamin Supplements Market would witness market growth of 6.6% CAGR during the forecast period (2021-2027).
The rising shift towards “Prevention is better than cure” is proportionately increasing the awareness about health and wellness among the consumers. As a result, the number of consumers that prefer to consume vitamin supplements, nutraceuticals, and functional foods is constantly increasing. In the last couple of years, vitamin supplements have gained massive traction due to their pharmaceutical and nutritional advantages. In addition, these supplements can be safely consumed with minimum side effects which further increase their adoption among the consumers.
North America is home to affluent population and well-built healthcare infrastructure. The consumers in the region are demanding products with low-calorie content and impressive nutritional value, which would fuel the growth of the regional vitamin supplements market during the forecasting period.
Due to the worsening of the COVID-19 pandemic in North America in 2020, the demand for vitamins supplements is spurring due to the assumption that vitamins can fight against the deadly infection. However, there is no scientific proof, the consumers increased the consumption of supplements. Moreover, the high accessibility to online portals and websites that focus on health would increase the awareness of wellbeing and prevention among the consumers. Hence, these factors are anticipated to unlock growth avenues for the players operating in the regional vitamin supplements market during the forecasting period.
The US market dominated the North America Vitamin Supplements Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $19.72 billion by 2027. The Canada market is estimated to witness a CAGR of 9% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 8% during (2021 - 2027).
Based on the Form, the Vitamin Supplements market is segmented into Tablets, Capsules, Gummies, Softgels, Powder, and Others. Based on the Distribution Channel, the Vitamin Supplements market is divided into Offline and Online. Based on the Type, the Vitamin Supplements market is segregated into Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Vitamin Supplements Market is Estimated to Reach USD 74.27 billion by 2027 at a CAGR of 8.0%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Alticor Inc. (Amway Corporation), NOW Foods, Inc., Glanbia PLC, GlaxoSmithKline PLC (GSK), Pfizer, Inc., Bayer AG, Good Health New Zealand, Herbalife International, Inc., and The Bountiful Company (Nestlé SA).
Scope of the Study
Market Segments Covered in the Report:
By Form
- Tablets
- Capsules
- Gummies
- Softgels
- Powder
- Others
By Distribution Channel
By Type
- Multivitamin
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Alticor Inc. (Amway Corporation)
- NOW Foods, Inc.
- Glanbia PLC
- GlaxoSmithKline PLC (GSK)
- Pfizer, Inc.
- Bayer AG
- Good Health New Zealand
- Herbalife International, Inc.
- The Bountiful Company (Nestlé SA)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Vitamin Supplements Market, by Form
1.4.2 North America Vitamin Supplements Market, by Distribution Channel
1.4.3 North America Vitamin Supplements Market, by Type
1.4.4 North America Vitamin Supplements Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jul – 2021, Nov) Leading Players
Chapter 4. North America Vitamin Supplements Market by Form
4.1 North America Vitamin Supplements Tablets Market by Country
4.2 North America Vitamin Supplements Capsules Market by Country
4.3 North America Vitamin Supplements Gummies Market by Country
4.4 North America Vitamin Supplements Softgels Market by Country
4.5 North America Vitamin Supplements Powder Market by Country
4.6 North America Other Form Vitamin Supplements Market by Country
Chapter 5. North America Vitamin Supplements Market by Distribution Channel
5.1 North America Offline Vitamin Supplements Market by Country
5.2 North America Online Vitamin Supplements Market by Country
Chapter 6. North America Vitamin Supplements Market by Type
6.1 North America Multi-vitamin Market by Country
6.2 North America Vitamin A Market by Country
6.3 North America Vitamin B Market by Country
6.4 North America Vitamin C Market by Country
6.5 North America Vitamin D Market by Country
6.6 North America Vitamin E Market by Country
6.7 North America Others Vitamin Supplements Market by Country
Chapter 7. North America Vitamin Supplements Market by Country
7.1 US Vitamin Supplements Market
7.1.1 US Vitamin Supplements Market by Form
7.1.2 US Vitamin Supplements Market by Distribution Channel
7.1.3 US Vitamin Supplements Market by Type
7.2 Canada Vitamin Supplements Market
7.2.1 Canada Vitamin Supplements Market by Form
7.2.2 Canada Vitamin Supplements Market by Distribution Channel
7.2.3 Canada Vitamin Supplements Market by Type
7.3 Mexico Vitamin Supplements Market
7.3.1 Mexico Vitamin Supplements Market by Form
7.3.2 Mexico Vitamin Supplements Market by Distribution Channel
7.3.3 Mexico Vitamin Supplements Market by Type
7.4 Rest of North America Vitamin Supplements Market
7.4.1 Rest of North America Vitamin Supplements Market by Form
7.4.2 Rest of North America Vitamin Supplements Market by Distribution Channel
7.4.3 Rest of North America Vitamin Supplements Market by Type
Chapter 8. Company Profiles
8.1 Abbott Laboratories
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.2 Alticor Inc. (Amway Corporation)
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.3 NOW Foods, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Acquisition and Mergers:
8.4 Glanbia PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 GlaxoSmithKline PLC (GSK)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Pfizer, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Bayer AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.5.2 Geographical Expansions:
8.8 Good Health New Zealand
8.8.1 Company Overview
8.9 Herbalife International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.10. The Bountiful Company (Nestlé SA)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
TABLE 1 North America Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 2 North America Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 1 Partnerships, Collaborations and Agreements– Vitamin Supplements Market
TABLE 2 Product Launches And Product Expansions– Vitamin Supplements Market
TABLE 3 Acquisition and Mergers– Vitamin Supplements Market
TABLE 4 Geographical Expansions– Vitamin Supplements Market
TABLE 5 North America Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 6 North America Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 7 North America Vitamin Supplements Tablets Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Vitamin Supplements Tablets Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Vitamin Supplements Capsules Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Vitamin Supplements Capsules Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Vitamin Supplements Gummies Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Vitamin Supplements Gummies Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Vitamin Supplements Softgels Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Vitamin Supplements Softgels Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Vitamin Supplements Powder Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Vitamin Supplements Powder Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Other Form Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Other Form Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 20 North America Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 21 North America Offline Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Offline Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Online Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Online Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 26 North America Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 27 North America Multi-vitamin Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Multi-vitamin Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Vitamin A Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Vitamin A Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Vitamin B Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Vitamin B Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Vitamin C Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Vitamin C Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Vitamin D Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Vitamin D Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Vitamin E Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Vitamin E Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Others Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Others Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Vitamin Supplements Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Vitamin Supplements Market by Country, 2021 - 2027, USD Million
TABLE 43 US Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 44 US Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 45 US Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 46 US Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 47 US Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 48 US Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 49 US Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 50 US Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 51 Canada Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 52 Canada Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 53 Canada Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 54 Canada Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 55 Canada Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 56 Canada Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 57 Canada Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 58 Canada Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 59 Mexico Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 60 Mexico Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 61 Mexico Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 62 Mexico Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 63 Mexico Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 64 Mexico Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 65 Mexico Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 66 Mexico Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 67 Rest of North America Vitamin Supplements Market, 2017 - 2020, USD Million
TABLE 68 Rest of North America Vitamin Supplements Market, 2021 - 2027, USD Million
TABLE 69 Rest of North America Vitamin Supplements Market by Form, 2017 - 2020, USD Million
TABLE 70 Rest of North America Vitamin Supplements Market by Form, 2021 - 2027, USD Million
TABLE 71 Rest of North America Vitamin Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 72 Rest of North America Vitamin Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 73 Rest of North America Vitamin Supplements Market by Type, 2017 - 2020, USD Million
TABLE 74 Rest of North America Vitamin Supplements Market by Type, 2021 - 2027, USD Million
TABLE 75 Key Information – Abbott Laboratories
TABLE 76 key information - Alticor Inc. (Amway Corporation)
TABLE 77 Key Information – NOW Foods, Inc.
TABLE 78 Key Information – Glanbia PLC
TABLE 79 Key Information – GlaxoSmithKline PLC (GSK)
TABLE 80 Key Information – Pfizer, Inc.
TABLE 81 Key Information – Bayer AG
TABLE 82 Key Information – Good Health New Zealand
TABLE 83 Key information – Herbalife International, Inc.
TABLE 84 Key Information – The Bountiful Company
List of Figures
FIG 1 Methodology for the research
FIG 1 KBV Cardinal Matrix
FIG 2 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 3 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jul – 2021, nov) Leading Players
FIG 4 Recent strategies and developments: Alticor Inc. (Amway Corporation)
FIG 5 Recent strategies and developments: Glanbia PLC
FIG 6 Recent strategies and developments: Bayer AG