According to a new report Global Vitamin Supplements Market, published by KBV research, The Global Vitamin Supplements Market size is expected to reach $74.27 billion by 2027, rising at a market growth of 8.0% CAGR during the forecast period.
The Tablets market dominated the Global Vitamin Supplements Market by Form 2020, thereby, growing at a CAGR of 6.7% during the forecast period. It is because the tablet form of vitamins is highly consumed by adults around the globe. However, the natural coating offers higher dissolution, efficacy and quality and they are also among the few factors that can determine the absorption.
The Offline market dominated the Global Vitamin Supplements Market by Distribution Channel 2020 thereby growing at a CAGR of 7.3% during the forecast period. A majority of consumers prefer buying vitamin supplements from offline stores as they have separate shelf for wellness and nutrition products that allows customers to conveniently identify their preferred brand, thereby boosting the growth of the segment. Offline segment is becoming highly popular in the market, as stores have properly maintained & arranged products, and conduct comprehensive analysis of customer sentiments to understand their preferences regarding brands and products.
The Multi-vitamin market dominated the Global Vitamin Supplements Market by Type 2020, thereby growing at a CAGR of 6.7% during the forecast period. Due to the rise in awareness about wellness and health, consumers have shifted their preference toward food products enriched with vitamins and companies are consistently launching many awareness campaigns about healthy eating which aimed to increase the consumers’ understanding of the significance and nutritional advantages of multivitamin supplements, thereby contributing to the growth of the overall market.
The North America market dominated the Global Vitamin Supplements Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $27.33 billion by 2027. The Europe market is estimated to witness a CAGR of 7.2% during (2021 - 2027). Additionally, The Asia Pacific market would exhibit a CAGR of 10% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/vitamin-supplements-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
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