Global Dietary Supplements Market, 2014 to 2020

Global Dietary Supplements Market, 2014 to 2020

Persistence Market Research

Dietary Supplements Market Will Reach US$
179.8 Billion, Globally in 2020 : Persistence
Market Research

Persistence Market Research

1

Global Dietary Supplements Market, 2014 to 2020
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “Global Market Study on Dietary
Supplements: Botanical Supplements To Be The Largest Market by 2020,” the
global dietary supplements market was valued at USD 109.8 billion in 2013 and is expected
to grow at a CAGR of 7.4% from 2014 to 2020, to reach an estimated value of USD 179.8
billion in 2020.

Increase in consumer interest in healthy diet has led to higher consumption of food and food
ingredients with potential health benefits. Of late, consumers have become more conscious
of their diet. According to a survey conducted by the Council for Responsible Nutrition (CRN)
in 2014, majority of adults in the U.S. took dietary. According to the same survey, around
68% of adults in the U.S. use dietary supplements; of these, around 50% are regular users.
Around 83% of adults in the U.S. expressed overall confidence in the quality, effectiveness,
and safety of dietary supplements. People across various age groups consume dietary
supplements to meet their recommended dietary allowances. Dietary supplements are
available in different forms, such tablets, pills, powders, capsules, gel caps, and liquids.
Dietary supplements such as vitamin, botanical, mineral, and fatty acid help consumers stay
healthy and prevent nutritional deficiency diseases. Rising aging population, increasing
lifestyle diseases and increasing healthcare cost are some of the important factors driving
growth of the dietary supplements market. The major factor driving the cost of healthcare is
lengthy and costly R&D conducted by pharmaceutical companies.

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