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- North America Wellness Supplements Market – Size, Outlook, Trends, and Forecast (2024 – 2032)
Wellness supplements are substances that you eat or drink and contain vitamins, minerals, herbs or other plants, amino acids or parts of these substances with the intention of providing the human body with nutrition to supplement a balanced diet. They can come in various forms including pills, capsules, tablets or liquid form. They only serve as a supplement to the diet and should not be considered as a substitute. In spite of their health benefits, they also pose a significant threat to your health if consumed in excessive quantities.
North America Wellness Supplements Market Segments Size & Growth:
North America wellness supplements market size is projected to reach approximately $180.5 billion by the end of 2024 with a CAGR of close to 8% from $120.3 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include increasing disposable incomes in emerging economies, increasing focus on healthy lifestyles, shifting from reactive to proactive and predictive care, and raising awareness about wellness supplements. However, High costs associated with wellness supplements and strict regulatory policies are thereby hampering the market growth.
North America Wellness Supplements Market Segments Share:
North America wellness supplements market is categorised into Product which comprises of dietary supplements, functional/fortified food & beverage, food allergy and intolerance products and nutricosmetics. Among them, Dietary supplements hold the share in the market. The dietary supplements segment is further segmented into herbal supplements, vitamin supplements, protein supplements and mineral supplements. The herbal supplements market is estimated to hold the highest share in the dietary supplements market in 2018. By the End-user, the market is segmented into Geriatric, Adults, Pediatric, and Infant. By Geography, USA and Canada are projected to dominate the market with the most significant share and the growth in the North America economies is mainly attributed because of huge profit margins and growth prospects.
North America Wellness Supplements Market Trends:
- The Nestle Board of Directors has decided to change the organisation of the infant nutrition business at Nestle to enhance further the company’s ability to win in this high-growth category. Effective 2018, infant nutrition will move from the globally-managed Nestle Nutrition to a regionally-managed business. The change does not apply to other Nestle businesses.
- Amway Company has recently launched a new product called Nutrilite, which contains the essential vitamins and minerals bodies need along with powerful phytonutrients derived from plant concentrates. Phytonutrients are plant nutrients found in fruits and vegetables that provide a range of health benefits.
- Abbott research helps bring its baby formula closer than ever to breast milk. 2′-FL HMO, or 2′-fucosyllactose (few-co-syl-lactose) human milk oligosaccharide (ol-i-goh-sak-uh-rahyd); is prebiotic found naturally in breast milk. About 80 percent of mothers make 2′-FL in their breast milk. Excluding water, HMOs are the third most abundant ingredient in breast milk after fat and carbohydrates.
North America Wellness Supplements Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- Nestle S.A.
- Abbott Laboratories
- Amway
- Herbalife Ltd.
- Archer Daniels Midland Company
1.Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Disposable Incomes in Emerging Economies
4.1.2 Increasing Focus on Healthy Lifestyles
4.1.3 Shifting from Reactive to Proactive and Predictive Care
4.1.4 Rising Awareness about Wellness Supplements
4.2 Restraints
4.2.1 High Costs Associated with Wellness Supplements
4.2.2 Strict Regulatory Policies
4.3 Opportunities
4.3.1 Increasing Incidences of Health Disorders
4.3.2 Gradual Shift Towards Newer Technologies and Natural Products
4.3.3 Growth Potential Offered By Emerging Markets
4.4 Challenges
4.4.1 Regulatory Compliance Issues
5. North America Wellness Supplements Market – By Product
5.1 Dietary Supplements
5.1.1 Vitamins
5.1.2 Minerals
5.1.3 Proteins
5.1.4 Probiotics
5.1.5 Others
5.2 Functional/Fortified Food & Beverage
5.2.1 Energy And Sports Drinks
5.2.2 Baby Products
5.2.3 Others
5.3 Food Allergy And Intolerance Products
5.3.1 Gluten-Free
5.3.2 Lactose-Free
5.3.3 Diabetic
5.3.4 Others
5.4 Nutricosmetics
5.4.1 Hair Care
5.4.2 Skin Care
5.4.3 Others
6. North America Wellness Supplements Market-By Segmentation-By End-user
6.1 Infant
6.1.1 Pediatric
6.1.2 Adults
6.1.3 Geriatric
7. North America Wellness Supplements Market – By Country
7.1.Introduction
7.2. USA
7.3. Canada
7.4. Mexico
8. Company Profiles
8.1 Abbott Laboratories
8.2 Amway
8.3 Herbalife Ltd.
8.4 Archer Daniels Midland Company
8.5 Glanbia Plc.
8.6 Gnc Holdings Inc.
8.7 Nu Skin Enterprises
8.8 Forever Living
8.9 Usana Health Sciences Inc.
8.10 Shaklee Corporation
8.11. Pharmavite Llc
8.12 Nature’s Bounty, Inc.
8.13 Omega Protein Corporation
9. North America Wellness Supplements Market – Competitive Landscape
9.1 Market Share Analysis
9.2 Strategies Adopted by top companies
9.3 Mergers, Acquisitions, Collaborations & Agreements
10. Market Insights
10.1 Insights of Industry Experts
10.2 Investment Opportunities
10.3 Analyst Opinion
11. Appendix
11.1 List of Tables
11.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Wellness supplements are substances that you eat or drink and contain vitamins, minerals, herbs or other plants, amino acids or parts of these substances with the intention of providing the human body with nutrition to supplement a balanced diet. They can come in various forms including pills, capsules, tablets or liquid form. They only serve as a supplement to the diet and should not be considered as a substitute. In spite of their health benefits, they also pose a significant threat to your health if consumed in excessive quantities.
North America Wellness Supplements Market Segments Size & Growth:
North America wellness supplements market size is projected to reach approximately $180.5 billion by the end of 2024 with a CAGR of close to 8% from $120.3 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include increasing disposable incomes in emerging economies, increasing focus on healthy lifestyles, shifting from reactive to proactive and predictive care, and raising awareness about wellness supplements. However, High costs associated with wellness supplements and strict regulatory policies are thereby hampering the market growth.
North America Wellness Supplements Market Segments Share:
North America wellness supplements market is categorised into Product which comprises of dietary supplements, functional/fortified food & beverage, food allergy and intolerance products and nutricosmetics. Among them, Dietary supplements hold the share in the market. The dietary supplements segment is further segmented into herbal supplements, vitamin supplements, protein supplements and mineral supplements. The herbal supplements market is estimated to hold the highest share in the dietary supplements market in 2018. By the End-user, the market is segmented into Geriatric, Adults, Pediatric, and Infant. By Geography, USA and Canada are projected to dominate the market with the most significant share and the growth in the North America economies is mainly attributed because of huge profit margins and growth prospects.
North America Wellness Supplements Market Trends:
- The Nestle Board of Directors has decided to change the organisation of the infant nutrition business at Nestle to enhance further the company’s ability to win in this high-growth category. Effective 2018, infant nutrition will move from the globally-managed Nestle Nutrition to a regionally-managed business. The change does not apply to other Nestle businesses.
- Amway Company has recently launched a new product called Nutrilite, which contains the essential vitamins and minerals bodies need along with powerful phytonutrients derived from plant concentrates. Phytonutrients are plant nutrients found in fruits and vegetables that provide a range of health benefits.
- Abbott research helps bring its baby formula closer than ever to breast milk. 2′-FL HMO, or 2′-fucosyllactose (few-co-syl-lactose) human milk oligosaccharide (ol-i-goh-sak-uh-rahyd); is prebiotic found naturally in breast milk. About 80 percent of mothers make 2′-FL in their breast milk. Excluding water, HMOs are the third most abundant ingredient in breast milk after fat and carbohydrates.
North America Wellness Supplements Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- Nestle S.A.
- Abbott Laboratories
- Amway
- Herbalife Ltd.
- Archer Daniels Midland Company
1.Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Disposable Incomes in Emerging Economies
4.1.2 Increasing Focus on Healthy Lifestyles
4.1.3 Shifting from Reactive to Proactive and Predictive Care
4.1.4 Rising Awareness about Wellness Supplements
4.2 Restraints
4.2.1 High Costs Associated with Wellness Supplements
4.2.2 Strict Regulatory Policies
4.3 Opportunities
4.3.1 Increasing Incidences of Health Disorders
4.3.2 Gradual Shift Towards Newer Technologies and Natural Products
4.3.3 Growth Potential Offered By Emerging Markets
4.4 Challenges
4.4.1 Regulatory Compliance Issues
5. North America Wellness Supplements Market – By Product
5.1 Dietary Supplements
5.1.1 Vitamins
5.1.2 Minerals
5.1.3 Proteins
5.1.4 Probiotics
5.1.5 Others
5.2 Functional/Fortified Food & Beverage
5.2.1 Energy And Sports Drinks
5.2.2 Baby Products
5.2.3 Others
5.3 Food Allergy And Intolerance Products
5.3.1 Gluten-Free
5.3.2 Lactose-Free
5.3.3 Diabetic
5.3.4 Others
5.4 Nutricosmetics
5.4.1 Hair Care
5.4.2 Skin Care
5.4.3 Others
6. North America Wellness Supplements Market-By Segmentation-By End-user
6.1 Infant
6.1.1 Pediatric
6.1.2 Adults
6.1.3 Geriatric
7. North America Wellness Supplements Market – By Country
7.1.Introduction
7.2. USA
7.3. Canada
7.4. Mexico
8. Company Profiles
8.1 Abbott Laboratories
8.2 Amway
8.3 Herbalife Ltd.
8.4 Archer Daniels Midland Company
8.5 Glanbia Plc.
8.6 Gnc Holdings Inc.
8.7 Nu Skin Enterprises
8.8 Forever Living
8.9 Usana Health Sciences Inc.
8.10 Shaklee Corporation
8.11. Pharmavite Llc
8.12 Nature’s Bounty, Inc.
8.13 Omega Protein Corporation
9. North America Wellness Supplements Market – Competitive Landscape
9.1 Market Share Analysis
9.2 Strategies Adopted by top companies
9.3 Mergers, Acquisitions, Collaborations & Agreements
10. Market Insights
10.1 Insights of Industry Experts
10.2 Investment Opportunities
10.3 Analyst Opinion
11. Appendix
11.1 List of Tables
11.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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