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The vitamins and mineral supplements market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 3%, as per The Business Research Company’s market report!

Read More On The Vitamins And Mineral Supplements Market Report 2022 – https://www.thebusinessresearchcompany.com/report/vitamin-and-mineral-supplement-global-market-report

The Vitamins And Mineral Supplements Market Size In 2022 And Forecast

The global vitamins and mineral supplements market is expected to grow from $20.16 billion in 2021 to $21.37 billion in 2022 at a compound annual growth rate (CAGR) of 6.0%. 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, affecting many markets across the globe. The vitamins and minerals supplements market is expected to reach $24.69 billion in 2026 at a CAGR of 3.7%.

The vitamins and mineral supplements market consists of sales of vitamins and mineral supplements that improve the health and wellness of the population.

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Implementation Of Dietary Supplements In The Lifestyle Is Driving The Growth Of The Vitamins And Mineral Supplements Market

For example, to improve children’s immunity, dietary supplement company Avida Health has launched a chocolate ball functional food in Singapore. A nutritional focus on the immune system could help minimize the impact of the current COVID-19 pandemic and other infections. Therefore, the implementation of dietary supplements in the lifestyle is expected to drive the growth of the vitamins and mineral supplement market.

Competitive Landscape And The Regional Analysis Of The Vitamins And Mineral Supplements Market

Major players in the vitamins and mineral supplements market are Salus Haus, Pfizer, Daiichi Sankyo, AMWAY, Eisai, Sanofi, GNC, CSPC Pharmaceutical Group, DSM, Otsuka Holdings Co. Ltd, Puritan’s Pride, Pharmavite, Jamieson, Webber Naturals, Hainan Yangshengtang, Nature’s Bounty, CCMP Capital, Pharmavite, Suntory Holdings Ltd, Glanbia PLC, Glaxosmithkline PLC, Abbott Laboratories, Bayer AG, Puritan’s Pride, General Nutrition CentersInc., Webber Naturals, CSPC Pharmaceutical Group, and Hainan Yangshengtang.

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

The Vitamins And Mineral 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 vitamins and mineral 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 vitamins and mineral supplements market.

Moving Consumer Preference – A Key Trend In The Vitamins And Mineral Supplements Market

The consumer preference moving toward organic supplements is a key trend in the vitamins and mineral supplement market.

Vitamins And Mineral Supplements Market Segmentation By The Business Research Company

1) By Type: Multivitamin, Single Vitamin, Multi Mineral, Single Mineral

2) By Application: Energy and Weight Management, General Health, Bone and Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Others

3) By Distribution Channel: Pharmacies and Drug Stores, Supermarkets and Hypermarkets, Online Channels

4) By End-User: Adults, Geriatric, Pregnant Women, Children, Infants

Here Are Some Reports Related To The Vitamins And Mineral Supplements Market –

Functional Food Ingredients Global Market Report 2022

Functional Food Market 2022

Pharmaceuticals Global Market Report 2022

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