The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s wellness supplements market report forecasts the wellness supplements market size to grow to $365.17 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Wellness Supplements Market Report 2023 – https://www.thebusinessresearchcompany.com/report/wellness-supplements-global-market-report

Wellness Supplements Market Size Forecast
The global wellness supplements market is expected to grow from $258.51 billion in 2022 to $277.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wellness supplements market size is expected to grow to $365.17 billion in 2027 at a CAGR of 7.1%.

North America held the largest wellness supplements market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Wellness Supplements Market Driver ­– Increase In The Focus On Healthy Lifestyles
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.

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Key Wellness Supplements Market Trend – Product Innovations
Major companies operating in the wellness supplements market are developing new products to strengthen their position in the market. For instance, in February 2022, Zeonutra, an Indian-based company manufacturing wellness supplement products launched a slim plus product. This product is organic with unique organic vegan nutritional supplements that contain slimbiome. This can be used by vegan consumers and is helpful in the reduction of weight with natural supplements.

Wellness Supplements Market Segment
1) By Product Type: Dietary Supplements, Vitamin, Mineral, Protein, 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

Wellness Supplements Market Major Players and Strategies
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.

In March 2021, INW Group, a US-based, manufacturer of dietary supplements, sports nutrition, and personal care products acquired Capstone Nutrition for an undisclosed amount. This acquisition positions INW as a leading, full-service platform in this fragmented and high-demand segment of the health and wellness market. Capstone Nutrition is a US-based developer and manufacturer of high-quality health and wellness supplements.

The Wellness Supplements Global Market Report 2023 covers regional data on wellness supplements market size, wellness supplements market trends and drivers, opportunities, strategies, and wellness supplements market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Wellness supplement refers to a supplement that a person uses to his diet. It includes one or more nutritional components, such as vitamins and minerals. The same safety and effectiveness testing that is required for pharmaceuticals is not required for wellness supplements.

View More Reports Related To The Wellness Supplements Market –
Vitamin And Minerals Global Market Report 2023
Functional Foods Global Market Report 2023
Wellness Tourism Global Market Report 2023

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