Natural Health Supplements Market Analysis- Size, Share, Growth, Industry Demand, Forecast, Application Analysis To 2022

Published On:May 23, 2017, 3:58 pm

Natural health supplements are substances which one drinks or eats. They canNatural Health Supplements range from minerals, vitamins, plant extracts, herbs, amino acids i.e., the sole building block of protein, or some parts of these substances. Health supplements can be in either tablet, liquid of capsule form, and they are meant to supplement any normal diet and not be regarded as an alternative or a substitute for food. Such supplements are widely used across the globe and are available in grocery stores, healthcare stores, pharmacies, over the internet, etc. It is broadly consumed for reasons pertaining to health.

They include mineral and vitamins such as vitamin C, vitamin D or a multivitamin, botanicals such as plants and herb extracts, omega-3 fatty acids. Natural health supplements are not proven to directly diagnose, cure, prevent or treat any kind of diseases. However, they could contribute to overall well being and health maintenance. The United States Food and Drug Administration (FDA) do not regulate health supplements in the same way that it regulates medicine.

The global natural health supplements market was evaluated at USD 36,803 million in 2016 and predicted to reach USD 68,140 million by 2024, thereby registering at a CAGR of 8% during the forecast period. Several factors contribute towards the lucrative growth of this market industry such as increasing consumption of fresh volumes of ingredients that are natural in health supplement industry and escalated amount of funding from the government towards research and development of nutritional supplements.

Moreover, more and more use of such supplements for lifestyle diseases as preventative measures is fuelling the growth of this market industry. Additionally, increasing geriatric population suffering from several bone and joint disorders is propelling the growth of this market since they are opting for natural health supplements. Escalating adoption of direct or self medication practices amongst users is supporting the positive growth of this market industry. Lastly, increasing global influence of e-commerce platforms and overall digitization trends are primary factors promoting the growth of this market industry.

The key market manufacturing players of the global natural health supplements market are Archer Daniels Midland Company, Blackmores Limited, Omega Protein Corporation, The Nature's Bounty Co., Nutraceutical International Corporation, Evonik Industries AG, Herbalife International Inc., Amway Corporation, United Naturals Food, Inc., and Naturex SA.

Based on the product type, this market industry is classified into capsules, tablets and softgels. Besides, the end user applications of the natural health supplements market on a global level are Bone & Joint Support, Sports Nutrition, Digestive Support, Stress & Anxiety, Weight Management, Heart Health, and several others. Lastly, geographically this market industry has been segmented into regions such as Europe, Southeast Asia, United States, China, Japan, and India.

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