{"id":2949,"date":"2020-07-24T23:51:26","date_gmt":"2020-07-24T22:51:26","guid":{"rendered":"https:\/\/healthcareers.co\/?p=2949"},"modified":"2024-02-18T13:09:25","modified_gmt":"2024-02-18T12:09:25","slug":"supplement-industry-statistics","status":"publish","type":"post","link":"https:\/\/healthcareers.co\/supplement-industry-statistics\/","title":{"rendered":"32 Exhilarating Supplement Industry Statistics for 2024"},"content":{"rendered":"
The supplements market has seen unprecedented growth in the last decade. <\/span><\/p>\n In an internet-driven market, supplements have spread from pharmacy aisles to <\/span>convenience stores<\/span>, ecommerce platforms, and even grocery stores and gas stations. <\/span><\/p>\n Why such a tremendous expansion? <\/span><\/p>\n Well, the following <\/span>supplement industry statistics<\/span> will elaborate on that.<\/span><\/p>\n Supplements are not FDA-regulated. Still, they are extremely popular and take up a big chunk of advertising space. <\/span><\/p>\n New manufacturers tend to position themselves quickly, thereby obliterating the influence of prominent market players.<\/span><\/p>\n However, even in this competitive landscape, the supplement market thrives, continuously expanding new areas of health-based nutritional products.<\/span><\/p>\n Here you\u2019ll find the most valuable facts and figures about the <\/span>supplement industry<\/span>. <\/span>But first, check out our selection of facts and stats we cherry-picked from the article. <\/span><\/p>\n (PRNewswire)<\/span><\/p>\n In 2018, the global dietary supplement market reached a value of $140.01 billion. This monumental figure is expected to skyrocket in the forthcoming years because of the rising popularity of preventive medicine and the quest for longevity. <\/span><\/p>\n According to expert reviews, during the period 2018\u20132026, this market is predicted to grow at a CAGR of 5.5%. This growth applies to all <\/span>types of dietary supplements<\/span>.<\/span><\/p>\n (New Hope)<\/span><\/p>\n The US market led the industry, followed by the fast-rising Chinese, Western European, and Japanese markets. <\/span><\/p>\n (ResearchAndMarkets)<\/span><\/p>\n The European market is growing steadily at a CAGR of 5.9%. <\/span><\/p>\n The highest-growing sector within the European <\/span>dietary supplement industry<\/span> is the m<\/span>anufacturing of supplements for children. It\u2019s expected to grow at a CAGR of 7.5% within the predicted period.<\/span><\/p>\n Additionally, enzyme-based products have a good market perspective, and they are predicted to grow at a stunning CAGR of 10%.<\/span><\/p>\n (GlobalNewswire)<\/span><\/p>\n In 2018, the Chinese market reached a value of $21.3 billion. China is the second-largest producer and consumer of supplements. <\/span><\/p>\n (New Hope)<\/span><\/p>\n This continent accounts for 60% of the global population. <\/span><\/p>\n However, the factors driving this gigantic influence are the rapid development of supplement manufacturing in China, and the rising demand for supplements in Japan.<\/span><\/p>\n (ResearchAndMarkets)<\/span><\/p>\n The UK is the center of innovations in the supplement manufacturing business. Its <\/span>supplement market size<\/span> is expected to grow at a CAGR of 7.1% between 2017 and 2025. <\/span><\/p>\n In the UK, the fastest growing sector is sports nutrition, predicted to grow at a CAGR of 7.5%.<\/span><\/p>\n (Statista)<\/span><\/p>\n Currently, the Italian market is overrun with supplements, which account for the most significant portion of a pharmacy\u2019s revenue.<\/span><\/p>\n Following Italy, the largest supplement markets in Europe are Russia ($1.08 billion), Germany ($967 million), UK ($755 million), and France ($725 million).<\/span><\/p>\n (Fortune Business Insights)<\/span><\/p>\n Nutritional supplement industry trends<\/span> reveal that minerals are the second most popular nutrients in Europe and are followed by protein-based products. <\/span><\/p>\n The fatty-acid market and enzymes are on the exponential rise. However, they do not presently hold a significant market share.<\/span><\/p>\n (CredenceResearch)<\/span><\/p>\n Ecommerce and social media advertisements were the leading influences driving beauty <\/span>supplement trends<\/span> i<\/span>n <\/span>2019<\/span>.<\/span><\/p>\n As they\u2019re growing at a CAGR of 9.5%, supplements are a very lucrative sector within the beauty industry. The US beauty supplements market alone was worth a stunning $4.12 billion in 2017, and it is projected to skyrocket in the forthcoming years. <\/span><\/p>\n (CRNUSA)<\/span><\/p>\n Multivitamins are the most popular supplement group among US adults of all ages. According to a 2019 review on the <\/span>supplement market,<\/span> 31% of people use vitamin D, while 28% use pure vitamin C supplements.<\/span><\/p>\n Other popular <\/span>dietary supplements<\/span> include omega-3 fatty acids, protein products, calcium, magnesium, green tea, vitamin B-complex, and iron.<\/span><\/p>\n (New Hope)<\/span><\/p>\n In that year, the US market accounted for 37% of the global <\/span>supplement industry worth<\/span>. <\/span><\/p>\n In 2016, there were 754,645 employees in the US supplement manufacturing industry.<\/span><\/p>\n (Statista)<\/span><\/p>\n Supplement studies<\/span> reveal that multivitamins and vitamin D supplements are in the highest demand. Following them are weight-loss products and sports supplements.<\/span><\/p>\n (Statista)<\/span><\/p>\n During the next year, the vitamin market alone cashed in a billion dollars more. Vitamins and minerals are the most popular type of supplements in the market.<\/span><\/p>\n (CRNUSA)<\/span><\/p>\n The benefits of probiotics on the human microbiome and overall health significantly increased the popularity of these specialty products. The proof for this claim could be found in the fact that the probiotics market nearly doubled in the last decade.<\/span><\/p>\n (Statista, CRNUSA)<\/span><\/p>\n The usage rates tend to increase with age. From 2007 to 2018, the <\/span>average household expenses on supplements<\/span><\/a> almost doubled, from $46 to $80.<\/span><\/p>\n (MedGadget)<\/span><\/p>\n It is no surprise that the food and pharmaceutical industry leaders are driving the <\/span>supplement industry growth<\/span>.<\/span><\/p>\n Other companies that hold the highest positions in the global supplement industry are the Carlyle Group, Amway, Archer Daniels Midland, and Abbott Laboratories.<\/span><\/p>\n (National Institute of Health)<\/span><\/p>\n Around 41.7% of these young students use protein products, while 14% use creatine. Furthermore, 12.1% use amino-acid complexes, while 5.7% use caffeinated multivitamins. <\/span><\/p>\n (CRNUSA)<\/span><\/p>\n What\u2019s more, 53% of people who use weight-loss products trust their effectiveness and quality. <\/span><\/p>\n (GlobalNewsWire)<\/span><\/p>\n According to <\/span>dietary supplement industry statistics<\/span> from 2019, sports supplements are predicted to grow exponentially at a CAGR of 8.4%. <\/span><\/p>\n (Statista)<\/span><\/p>\n Gym rats are described as the most consistent users of protein-based products. However, vegetarians are also increasingly turning towards these products for meat protein substitution. <\/span><\/p>\n Vitamin and supplement industry analysis<\/span> revealed that wheat and soy proteins accounted for 27.2% and 26.6% of the total <\/span>supplement market<\/span> share, respectively. <\/span><\/p>\nTop 10 Mind-Blowing <\/b>Supplement Industry Statistics<\/b><\/h2>\n
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Stats on the <\/b>Global Dietary Supplement Industry<\/b><\/h2>\n
\n1. The global supplement market is predicted to reach a value of $216.3 billion by 2026.<\/b><\/h3>\n
2. The global supplement sales were expected to grow by 5.6% in 2019. <\/b><\/h3>\n
3. The European <\/b>dietary supplements market<\/b> is expected to reach $52.9 billion by 2025.<\/b><\/h3>\n
4. The Asia-Pacific <\/b>supplement market<\/b> has the highest growth rate, with an estimated CAGR of 9.2%.<\/b><\/h3>\n
5. Collectively, Asian markets accounted for 33.9% of the global <\/b>supplement industry<\/b> in <\/b>2018<\/b>.<\/b><\/h3>\n
6. In Europe, the United Kingdom is the fastest-growing <\/b>supplement market<\/b>.<\/b><\/h3>\n
7. <\/b>Dietary supplements market analysis<\/b> reveals that Italy has the most valuable market in 2020, and it\u2019s worth $1.6 billion.<\/b><\/h3>\n
8. Vitamins accounted for 37.78% of the total European supplement market in 2018.<\/b><\/h3>\n
9. The global beauty <\/b>supplement market<\/b> is expected to reach $9.3 billion by 2026.<\/b><\/h3>\n
The US Nutritional Supplements Market<\/b><\/h2>\n
\n10. 58% of US adults use multivitamins.<\/b><\/h3>\n
11. In 2019, the US supplement industry reached $46 billion.<\/b><\/h3>\n
12. By 2024, the US supplement market is expected to grow to an astonishing $56.7 billion.<\/b><\/h3>\n
13. According to <\/b>vitamin and supplement industry statistics<\/b>, the US market reached $31 billion in vitamin sales in 2018.<\/b><\/h3>\n
14. In 2019, 19% of Americans aged 35\u201353 used probiotics.<\/b><\/h3>\n
15. <\/b>Dietary supplement industry statistics<\/b> from <\/b>2018<\/b> reveal that 77% of the US adult population used supplements. <\/b><\/h3>\n
16. Nestl\u00e9 and Danone are leading the race in the US supplement market.<\/b><\/h3>\n
Bodybuilding Supplement Industry Statistics<\/b><\/h2>\n
\n17. 28.6% of college athletes use energy shots and drinks.<\/b><\/h3>\n
18. 63% of sports supplement users have confidence in the products they use.<\/b><\/h3>\n
19. The sports supplement sector is expected to grow at the highest rate between 2019 and 2026.<\/b><\/h3>\n
20. The global protein powder market is expected to reach a value of $45.27 billion in 2026.<\/b><\/h3>\n