Multivitamin Capsules And Tablets Market in Focus: Forecasting Growth Drivers, Scaling Potential, and Global Opportunities
Discover trends, market shifts, and competitive outlooks for the multivitamin capsules and tablets industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What Are the Key Projections for the CAGR of the Multivitamin Capsules And Tablets Market Size From 2025 to 2034?
The market size for multivitamin capsules and tablets has experienced significant growth in the past few years. The market is projected to grow from a value of $28.49 billion in 2024 to an estimated $30.26 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. The historical growth of this market can be credited to factors such as a heightened awareness of health issues, the expansion of the pharmaceuticals industry, a rise in the consumption of dietary supplements, an increase in healthcare spending, and the health concerns triggered by the COVID-19 pandemic.
In the coming years, the multivitamin capsules and tablets market is anticipated to experience robust growth. The market’s size is projected to reach $39.26 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. The surge predicted during the forecast period can be credited to the introduction of new products, increased intake of nutritional supplements related to sports, and a growing older population. Notable trends during the forecasted period comprise new product debuts, enhanced use of sports-related nutritional supplements, and a rise in the elderly population.
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What Are the Core Market Drivers Propelling Growth in the Multivitamin Capsules And Tablets Industry?
The multivitamin capsules and tablets market is experiencing growth due to a rise in health awareness among individuals. Often doctors recommend multivitamin tablets or capsules to address or prevent deficiencies caused by poor nutrition, certain diseases, or pregnancy, as they provide various vitamins typically found in food and other natural sources. There has been a surge in the demand for multivitamins, partly due to the health concerns brought on by the COVID-19 pandemic. For example, based on a report from the International Food Information Council, a nonprofit consumer research organization in the US, in May 2022, the number of Americans adhering to specific dietary and eating patterns rose by 52% from 2021 to 2022. Therefore, the upward trend in health consciousness is poised to propel the multivitamin capsules and tablets market throughout the projected period.
How Is the Multivitamin Capsules And Tablets Market Segmented?
The multivitamin capsules and tablets market covered in this report is segmented –
1) By Type: Multivitamins Tablets, Multivitamins Capsules
2) By Distribution Channel: Store Based, Non-Store Based
3) By Application: Energy And Weight Management, General Health, Bone And Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Other Applications
4) By End User: Adults, Geriatric, Pregnant Women, Children, Infants
Subsegments:
1) By Multivitamins Tablets: Chewable Tablets, Effervescent Tablets, Coated Tablets, Standard Tablets
2) By Multivitamins Capsules: Softgel Capsules, Hard Capsules, Liquid-Filled Capsules
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Which Regions Are Driving the Next Phase of the Multivitamin Capsules And Tablets Market Growth?
Asia-Pacific was the largest region in the multivitamin capsules and tablets market in 2024. North America was the second-largest market in the multivitamin capsules and tablets market. The regions covered in the multivitamin capsules and tablets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Key Market Trends and Innovations Are Shaping the Future of the Multivitamin Capsules And Tablets Industry?
The market for multivitamin capsules and tablets is being influenced by a growing consumer preference for flavored gummy vitamins suitable for people of all ages. The search for more enjoyable and convenient ways to take supplements is driving the trend towards this fun, flavored form. An example is the introduction of a new line of gelatin-free multivitamin gummies by SmartyPants Vitamins, a US-based firm, in May 2023, which are now available at Walmart. The gummies, created using pectin sourced from citrus fruits and apples, are suitable for vegetarians and those who avoid gelatin for dietary or religious purposes. The Kids & Toddler gummies contain less sugar than leading alternatives, positioning them as a healthier choice.
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How Is the Multivitamin Capsules And Tablets Market Defined and What Are Its Core Parameters?
Multivitamin capsules and tablets refer to multivitamin drugs that are used to treat or prevent vitamin deficiencies brought on by a poor diet, specific diseases, or pregnancy. Vitamins are crucial for maintaining your health because they serve as the body’s building blocks. Multivitamins tablets and capsules are a combination of many different vitamins that are normally found in foods and other natural sources
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