The wellness supplements market report from The Business Research Company covers growth-driving insights such as wellness supplements market size, wellness supplements market trends and drivers, wellness supplements market segmentation, wellness supplements market competitive landscape, and more

The wellness supplements market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Wellness Supplements Market Size In 2022 And Forecast

The global wellness supplements market is expected to grow from $241.24 billion in 2021 to $257.60 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The global wellness supplements market size is expected to grow to $332.51 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%.

The wellness supplement market consists of sales of wellness supplement products by entities (organizations, sole traders, and partnerships) that are used in complementing mainstream medical treatment plans by increasing levels of nutrients.

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An Increasing Focus On Healthy Lifestyles Is Driving The Growth Of The Wellness Supplements Market

For instance, according to Economic Times, an India-based, business-focused daily newspaper, the number of health-conscious consumers in India would increase from 108 million in the calendar year 2020 to 176 million in 2026. Therefore, increasing focus on healthy lifestyles is driving the wellness supplements market.

Competitive Landscape And The Regional Analysis Of The Wellness Supplements Market

Major players in the wellness supplements market are Nestle, Shaklee Corporation, Otsuka Pharmaceutical Co. Ltd, GNC Holdings Inc, Archer Daniels Midland Company, The Bountiful Company, Pola Inc, OPTAVIA LLC, Biovencer Healthcare Private Limited, Natrol LLC, Nutracap Labs, Atlantic Essential Products Inc, Matsun Nutrition Inc, Randal Optimal Nutrients LLC, and Nutrafill LLC.

Additionally, as per TBRC’s research – North America was the largest region in the wellness supplements market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Wellness Supplements Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the wellness supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the wellness supplements market.

Product Innovations – A Key Trend In The Wellness Supplements Market

Major companies operating in the wellness supplements market are developing new products to strengthen their position in the market.

Wellness Supplements Market Segmentation By The Business Research Company

1) By Product Type: Dietary Supplements, Vitamins, Minerals, Proteins, Herbal

2) By Functional Food and Beverages: Omega Fatty Acids Fortified Food, Probiotic Fortified Food, Branded Iodinated Salt, Branded Wheat Flour, Energy Drinks, Sports Drinks

3) By Application: Home Care, Hospital, Chemical

Here Are Some Reports Related To The Wellness Supplements Market –

Multivitamin Capsules And Tablets Global Market Report 2022

Immunity Boosting Food Products Global Market Report 2022

Vitamin and Minerals Global Market Report 2022

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