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Market Highlights

Global Vitamin & Mineral Supplements Market is estimated to be valued at USD 108.14 Billion by 2025, registering a CAGR of 6.70% during the forecast period. The global vitamin & mineral supplements market is expected to register a notable growth rate during the forecast period. Increasing consumer awareness regarding the importance of preventive healthcare and untapped markets in developing countries are driving the market growth. Moreover, the expansion of the organized retail sector in developing economies offer growth opportunities for manufacturers. However, the side effects associated with the overconsumption of these supplements are restraining the growth of the market.

The Global Vitamin & Mineral Supplements Market Trends is expected to register significant growth during the forecast period. The global vitamin and mineral supplements market is expected to grow at a notable pace during the forecast period due to increasing focus on preventive healthcare and expansion of the organized retail sector. Untapped markets in developing countries offer growth opportunities to the market players. However, the side effects associated with the overconsumption of these supplements are restraining the growth of the market.

Regional Analysis

Asia-Pacific accounted for the major market share of the global vitamin & mineral supplements market and projected to witness the highest growth rate during the forecast period. The growth of the vitamin and mineral supplements market in Asia-Pacific can be attributed to a focus on preventive healthcare over curative solutions. China is estimated to retain its dominance throughout the forecast period and projected to be valued at USD 23,175.5 million by the end of 2025 registering the highest CAGR of 7.94% during the forecast period. India is also projected to witness a significant growth rate of 7.92% during the forecast period.

Key Players

Market Research Future recognizes The Nature's Bounty Co. (US), Glanbia PLC (Ireland), Herbalife Nutrition Ltd. (US), Abbott Laboratories (US), Amway Corp (US), Bayer AG (Germany), GlaxoSmithKline plc (UK), Otsuka Holdings Co. (Japan), Nature's Way Products, LLC (US), and Nu Skin Enterprises, Inc. (US) as the Key Players in the Global Vitamin & Mineral Supplements Market.

Segmental Analysis

The global vitamin & mineral supplements market has been segmented on the basis of type, end user, distribution channel, and region.

By type, the market has been divided into vitamin, mineral, and blends. The vitamin segment accounted for a major share of 78.50% of the global market and projected to record a CAGR of 6.65%. The geriatric population widely consumes vitamin supplements on a regular basis to address a variety of health problems. Vitamin supplements are available in tablet and capsule forms; however, lately, the demand for gummy supplements has increased, especially for children.

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