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APAC to Serve as Conducive Growth Spots Backed by Consumer Spending on HealthcareGrowing consumer preferences for healthy food consumption patterns is likely to drive growth maximization in global wellness supplements market.Rise in geriatric populace and associated health conditions is a significant driver supporting large scale adoption. Further, developing nations are emerging as novel growth hubs supporting wellness supplements as these countries are witnessing massive industrialization and foreign investments, thus having improved income sources with higher spending capabilities. Factors as such are estimated to increasingly favor ample growth in wellness supplements market, finds out Adroit Market Research.
Wellness supplements are categorized as highly nutritional products that are consumed to elevate nutritional value of the consumers. Growing prevalence of certain health conditions such as abdominal and digestive ailments are likely to trigger larger adoption rates in forthcoming years. Wellness supplements, to adequately align with consumer needs are available in a wide variety of categories comprising dietary products, fortification supplements, skin care wellness products and functional foods.
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Leading players are -Nestle S.A., Abbott Laboratories, Amway, Otsuka Holdings Co., Ltd., Herbalife Ltd., Archer Daniels Midland Company, Glanbia plc, NBTY Inc., GNC Holdings Inc., Nu Skin Enterprises, Inc. among others.
As modern millennial consumers increasingly focus on preventive care over treatments, adoption of wellness products therefore is likely to witness substantial growth. Improved disposable income ratios of millennial population is likely to aid hefty expansion in wellness supplements market. However, high pricing is likely to remain a key growth deterrent in the coming years. Yet another hinderance in full capacity growth in wellness supplements market is strict regulatory protocols that levy restrictions on commercialization and subsequent adoption of wellness products.
Developed economies such as North American countries in wellness supplements market are demonstrating highly optimistic growth and expansion on the back of supportive government initiatives towards healthcare delivery. Further these countries also have dedicated fund allocated for R&D expeditions to introduce new technologies and products to ensure superlative reach. European countries too are not lagging when it comes to conducive market forces augmenting growth in wellness supplements market.
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Key segments of the global wellness supplements market
Product Overview, 2018-2028 (USD Billion)
Dietary Supplements
Vitamin Supplements
Mineral Supplements
Protein Supplements
Herbal Supplements
Fortified/Functional Food & Beverages
Omega Fatty Acids Fortified Food
Probiotic Fortified Food
Branded Iodinated Salt
Branded Wheat Flour
Energy Drinks
Sports Drinks
Fortified Juices
Food Intolerance products
Gluten-free Foods
Lactose-free Foods
Diabetic Foods
Other Special Milk Formula
Dermo-Cosmetic Skin Essentials
Anti-Aging Supplements
Anti-Cellulite Supplements
Anti-Acne Supplements
Regional Overview, 2018-2028 (USD Billion)
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Rest of the World (RoW)
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About Us :
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Info:
Name: Ryan Johnson
Email: Send Email
Organization: Adroit Market Research
Website: https://www.adroitmarketresearch.com/industry-reports/wellness-supplements-market
Release ID: 88983349
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