Wellness Supplements Market - By Product (Dietary Supplements, Fortified/Functional Food & Beverages, Food Intolerance products, Dermo-Cosmetic Skin Essentials) By Region (North America Wellness, Europe Wellness, Asia Wellness, Rest of the World (RoW)) - Industry Analysis, Opportunity and Forecast 2020 To 2027
Published Date: May 2021
No. of Pages: 183
Status: Published
Report Code: ARI100448
According to the United Nations 2017 estimates, geriatric population is expected to reach 2.1 billion in 2050 from 962 million in 2017. The number of comorbidities rises with aging, thus, geriatric population is highly prone to comorbid conditions. According to the National Consumer Survey on the Medication Experience and Pharmacist Role (NCSME-PR) conducted in U.S. in 2015, it was concluded that people with chronic conditions are more likely to consume herbal supplements. These factors are projected to boost the market growth over the coming years.
Increasing spending on health and wellness and rising disposable income levels, especially in the emerging nations, are expected to augment the demand for herbal supplements globally. The preference for buying health and wellness products as compared to luxury goods among the consumers is rising. Herbal supplements help maintain cholesterol levels, regulate the digestive system, and reduce stress. Thus, increasing awareness about the health benefits offered by these products is also expected to fuel the market development.
Although there aren’t any scientific evidences supporting such benefits; the product demand is constantly rising, thereby augmenting the global market growth. In addition, easy availability of these products is also responsible for their increasing demand. Preference for e-commerce platforms over conventional distribution channels for purchasing these products is rising as due to cost-effectiveness and better convenience.
Prominent players in the wellness supplements market include Nestle S.A. (Switzerland), Abbott Laboratories (U.S.), Amway (U.S.), Otsuka Holdings Co., Ltd. (Japan), Herbalife Ltd. (U.S.), Archer Daniels Midland Company (U.S.), Glanbiaplc (Ireland), NBTY, Inc. (U.S.), GNC Holdings Inc. (U.S.), and Nu Skin Enterprises, Inc. (U.S.). Other players in the market include GrupoOmnilife (Mexico), Forever Living (U.S.), Pola, Inc. (Japan), Shaklee Corporation (U.S.), and Usana Health Sciences Inc. (U.S.)
Analyst Commentary
The growth of wellness supplement market is mainly driven by factors such as rising geriatric population, growing prevalence of chronic diseases, rising awareness about benefits of wellness supplements, rising healthcare costs, and shift of consumers from care to preventive. However, regulatory compliance is likely to restrain the growth of wellness supplement market to a certain extent.
The dietary supplements segment is expected to account for the largest share of the Wellness Supplements market, by product, in 2015. Factors driving growth in this segment rising geriatric population, include growing incidence of chronic diseases and increasing focus of consumers towards healthy lifestyles.
The wellness supplements category is an aggregate of wellness food & beverage products and supplements. These supplements are taken in addition to a regular diet for enhanced nutrition and improved health. Wellness supplements market is experiencing remarkable growth due to growing aging population and related health concerns which propels the demand for nutritional supplements with proven health benefits. The growth of wellness supplements market is majorly driven by factors such as increasing focus on healthy lifestyles, increasing disposable incomes in emerging economies, and rising awareness about wellness products and shift from care to preventive health.
Segmentation
The global Wellness Supplements market is segmented based on products and region.Based on products, the wellness supplements market is segmented into dietary supplements, functional/fortified food & beverages, food intolerance products and dermo-cosmetic essentials.
Regional Analysis
Asia Pacific led the market in 2017 and was valued at USD XX billion in 2017. High adoption of traditional medicine for the management of various diseases in this region is one of the key reasons attributed for its largest market share. Presence of large geriatric population base along with growing exports of herbal products also boosts the market growth. China and India are the key exporters of herbal supplements.
China accounted for the largest revenue share in Asia Pacific and was valued at USD. This growth was attributed to the higher dependence on traditional medicines, increased geriatric population, and prevalence of chronic conditions. Availability of a wide variety of herbal products in this country also contributes to its development. Increasing cases of lifestyle diseases due to westernization of diets rise in consumption of alcohol and tobacco, and reduced physical activities will further drive the regional market.
The Europe market is expected to register a lucrative CAGR .Key factors behind its growth include adoption of natural products in countries, such as Germany and France and increased spending power. The growing consumer health market in this region is also contributing to the industry expansion.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Wellness Supplements Market
Chapter 5. Global Wellness Supplements Market Overview, By Product, 2015 – 2027 (USD Million)
5.1. Global Wellness Supplements Market Share, By Product, 2020 & 2027 (%)
5.1.1. Dietary Supplements
5.1.1.1. Market Size and Projections,2015 – 2027 (USD Million)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
5.1.2. Fortified/Functional Food & Beverages
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
5.1.3. Food Intolerance products
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
5.1.4. Dermo-Cosmetic Skin Essentials
5.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.4.2. Market Size and Projections, by Region, 2015 - 2027(USD Million)
Chapter 6. Global Wellness Supplements Market Overview, By Geography, 2015 - 2027(USD Million)
6.1. Global Wellness Supplements Market Share, By Geography, 2020 - 2027(%)
6.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Million)
6.1.2. Market Share and CAGR Comparison, by Countries, 2018 (%)
Chapter 7. North America Wellness Supplements Market Overview, By Countries, 2015 - 2027(USD Million)
7.1. North America Wellness Supplements Market Overview, 2020 & 2027 (%)
7.1.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.2. North America Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
7.1.3. North America Wellness Supplements Market Overview, By Countries, 2015 - 2027 (USD Million)
7.1.3.1. U.S. Wellness Supplements Market Overview, 2015 - 2027 (USD Million)
7.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.1.2. U.S. Wellness Supplements Market Overview, By Product, 2015 - 2027 (USD Million)
7.1.3.2. Canada Wellness Supplements Market Overview, 2015 - 2027 (USD Million)
7.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.2.2. Canada Wellness Supplements Market Overview, By Product, 2015 - 2027 (USD Million)
7.1.3.3. Mexico Wellness Supplements Market Overview, 2015 - 2027 (USD Million)
7.1.3.3.1. Market size and projections, 2015 - 2027 (USD Million)
7.1.3.3.2. Mexico Wellness Supplements Market Overview, By Product, 2015 - 2027 (USD Million)
Chapter 8. Europe Wellness Supplements Market Overview, By Countries, 2015 - 2027(USD Million)
8.1. Europe Wellness Supplements Market Overview, 2020 & 2027 (%)
8.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.2. Europe Wellness Supplements Market Overview, By Product, 2015 - 2027 (USD Million)
8.1.3. Europe Wellness Supplements Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.3.1. Germany
8.1.3.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.1.2. Germany Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
8.1.3.2. France
8.1.3.2.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.2.2. France Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
8.1.3.3. UK
8.1.3.3.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.3.2. UK Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
8.1.3.4. Italy
8.1.3.4.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.4.2. Italy Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
8.1.3.5. Spain
8.1.3.5.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.3.5.2. Spain Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
8.1.3.6. Rest of Europe
8.1.3.6.1. Market size and projections, 2015 – 2025
8.1.3.6.2. Rest of Europe Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
Chapter 9. Asia Pacific Wellness Supplements Market Overview, By Countries, 2015 - 2027(USD Million)
9.1. Asia Pacific Wellness Supplements Market Overview, 2020 & 2027(%)
9.1.1. Market size and projections, 2015 - 2027(USD Million)
9.1.2. Asia Pacific Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
9.1.3. Asia Pacific Wellness Supplements Market Overview, By Countries, 2015 - 2027(USD Million)
9.1.3.1. India
9.1.3.1.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.1.2. India Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
9.1.3.2. China
9.1.3.2.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.2.2. China Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
9.1.3.3. Japan
9.1.3.3.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.3.2. Japan Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
9.1.3.4. South Korea
9.1.3.4.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.4.2. South Korea Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
9.1.3.5. Rest of Asia Pacific
9.1.3.5.1. Market size and projections, 2015 - 2027(USD Million)
9.1.3.5.2. Rest of Asia Pacific Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
Chapter 10. Middle East & Africa Wellness Supplements Market Overview, By Countries, 2015 - 2027(USD Million)
10.1. Middle East & Africa Wellness Supplements Market Overview, 2015 - 2027(USD Million)
10.1.1. Market size and projections, 2015 - 2027(USD Million)
10.1.2. Middle East & Africa Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
10.1.3. Middle East & Africa Wellness Supplements Market Overview, By Countries, 2015 - 2027(USD Million)
10.1.3.1. GCC
10.1.3.1.1. Market size and projections, 2015 - 2027(USD Million)
10.1.3.1.2. GCC Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
10.1.3.2. South Africa
10.1.3.2.1. Market size and projections, 2015 - 2027(USD Million)
10.1.3.2.2. South Africa Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
10.1.3.3. Rest of Middle East & Africa
10.1.3.3.1. Market size and projections, 2015 - 2027(USD Million)
10.1.3.3.2. Rest of Middle East & Africa Wellness Supplements Market Overview, By, Product 2015 - 2027(USD Million)
Chapter 11. South America Wellness Supplements Market Overview, By Countries, 2015 - 2027(USD Million)
11.1. South America Wellness Supplements Market Overview, 2015 - 2027(USD Million)
11.1.1. Market size and projections, 2015 - 2027(USD Million)
11.1.2. South America Wellness Supplements Market Overview, By Product 2015 - 2027(USD Million)
11.1.3. South America Wellness Supplements Market Overview, By Countries, 2015- 2026(USD Million)
11.1.4. Brazil
11.1.4.1. Market size and projections, 2015 - 2027(USD Million)
11.1.4.2. Brazil Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
11.1.5. Argentina
11.1.5.1. Market size and projections, 2015 - 2027(USD Million)
11.1.5.2. Argentina Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
11.1.6. Rest of South America
11.1.6.1. Market size and projections, 2015 – 2026
11.1.6.2. Rest of South America Wellness Supplements Market Overview, By Product, 2015 - 2027(USD Million)
Chapter 12. Competitive Landscape
12.1. Competitive environment, 2020
12.2. Strategic framework
12.2.1. Partnership/agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New product development
Chapter 13. Key Vendor Analysis
13.1. Nestle SA
13.1.1. Company overview
13.1.2. Financial performance
13.1.3. Product Benchmarking
13.1.4. Recent initiatives
13.1.5. SWOT analysis
13.2. Abbott Laboratories
13.2.1. Company overview
13.2.2. Financial performance
13.2.3. Product Benchmarking
13.2.4. Recent initiatives
13.2.5. SWOT analysis
13.3. Glanbia plc
13.4. GNC holdings
13.5. Nu Skin Enterprises
13.6. Pola Inc
Chapter 14. Wellness Supplements Market Cost Analysis
14.1. Wellness Supplements Market Key Raw Materials Analysis
14.1.1. Key Raw Materials
14.1.2. Price Trend of Key Raw Materials
14.1.3. Key Suppliers of Raw Materials
14.1.4. Market Concentration Rate of Raw Materials
14.2. Proportion of Isophthalic Resin Cost Structure
14.2.1. Raw Materials
14.2.2. Labor Cost
14.2.3. Isophthalic Resin Expenses
14.3. Isophthalic Resin Process Analysis of Unsaturated Polyester Resin (UPR) for Composites
Chapter 15. Industrial Chain, Sourcing Strategy and Downstream Buyers
15.1. Wellness Supplements Market Industrial Chain Analysis
15.2. Upstream Raw Materials Sourcing
15.3. Raw Materials Sources of Wellness Supplements Market Major Manufacturers in 2019
15.4. Downstream Buyers
Chapter 16. Marketing Strategy Analysis, Distributors/Traders
16.1. Marketing Channel
16.1.1. Direct Marketing
16.1.2. Indirect Marketing
16.1.3. Marketing Channel Development Trend
16.2. Market Positioning
16.2.1. Pricing Strategy
16.2.2. Brand Strategy
16.2.3. Target Client
16.3. Distributors/Traders List
Chapter 17. Market Effect Factors Analysis
17.1. Technology Progress/Risk
17.1.1. Substitutes Threat
17.1.2. Technology Progress in Related Industry
17.2. Consumer Needs/Customer Preference Change
17.3. Economic/Political Environmental Change
Chapter 18. Future Outlook of the Market
Disclaimer
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Wellness Supplements Market share, by Product, 2020 & 2027 (%)
10. Global Wellness Supplements Market, by Dietary Supplements, by Product, 2015 - 2027(USD Million)
11. Global Wellness Supplements Market, by Fortified/Functional Food & Beverages, by Product 2015 - 2027(USD Million)
12. Global Wellness Supplements Market, by Food Intolerance products, by Product 2015 - 2027(USD Million)
13. Global Wellness Supplements Market, by Dermo-Cosmetic Skin Essentials, by Product 2015 - 2027(USD Million)
14. Global Wellness Supplements Market share, by region, 2020 & 2027 (%)
15. North America Wellness Supplements Market, 2020 - 2027(USD Million)
16. North America Wellness Supplements Market share, by Countries, 2020 & 2027 (%)
17. U.S. Wellness Supplements Market, 2020 - 2027(USD Million)
18. Canada Wellness Supplements Market, 2020 - 2027(USD Million)
19. Europe Wellness Supplements Market, 2020 - 2027(USD Million)
20. Europe Wellness Supplements Market share, by Countries, 2020 & 2027 (%)
21. Spain Wellness Supplements Market, 2020 - 2027(USD Million)
22. UK Wellness Supplements Market, 2020 - 2027(USD Million)
23. Italy Wellness Supplements Market, 2020 - 2027(USD Million)
24. Germany Wellness Supplements Market, 2020 - 2027(USD Million)
25. France Wellness Supplements Market, 2020 - 2027(USD Million)
26. Rest of Europe Wellness Supplements Market, 2020 - 2027(USD Million)
27. Asia-Pacific Wellness Supplements Market, 2020 - 2027(USD Million)
28. Asia-Pacific Wellness Supplements Market share, by Countries, 2020 & 2027 (%)
29. China Wellness Supplements Market, 2020 - 2027(USD Million)
30. India Wellness Supplements Market, 2020 - 2027(USD Million)
31. Australia Wellness Supplements Market, 2020 - 2027(USD Million)
32. Japan Wellness Supplements Market, 2020 - 2027(USD Million)
33. Rest of Asia-Pacific Wellness Supplements Market, 2020 - 2027(USD Million)
34. Middle East & Africa Wellness Supplements Market, 2020 - 2027(USD Million)
35. Middle East & Africa Wellness Supplements Market share, by Countries, 2020 & 2027 (%)
36. GCC Wellness Supplements Market, 2020 - 2027(USD Million)
37. South Africa Wellness Supplements Market, 2020 - 2027(USD Million)
38. Rest Of Middle East & Africa Wellness Supplements Market, 2020 - 2027(USD Million)
39. South America Wellness Supplements Market, 2020 - 2027(USD Million)
40. Brazil Wellness Supplements Market, 2020 - 2027(USD Million)
41. Mexico Wellness Supplements Market, 2020 - 2027(USD Million)
42. Argentina Wellness Supplements Market, 2020 - 2027(USD Million)
43. Rest of South America Wellness Supplements Market, 2020 - 2027(USD Million)
List of Tables
1. Impact of Market drivers
2. Impact of Market restraints
3. Global Wellness Supplements Market, 2015-2027(USD Million)
4. Global Wellness Supplements Market requirement, by country, 2015-2027,(USD Million)
5. North America Wellness Supplements Market, by Product, 2015-2027(USD Million)
6. Europe Wellness Supplements Market, by Product, 2015-2027(USD Million)
7. Asia Pacific Wellness Supplements Market, by Product, 2015-2027(USD Million)
8. Middle East & Africa Wellness Supplements Market, by Product, 2015-2027(USD Million)
9. South America Wellness Supplements Market, by Product, 2015-2027(USD Million)
10. Global Wellness Supplements Market, Company Market Share, 2018 (%)
11. Nestle SA: Product Benchmarking
12. Nestle SA: Financial Performance
13. Abbott Laboratories: Product Benchmarking
14. Abbott Laboratories: Financial Performance
15. Glanbia plc: Product Benchmarking
16. Glanbia plc: Financial Performance
17. GNC holdings: Product Benchmarking
18. GNC holdings: Financial Performance
19. Nu Skin Enterprises: Product Benchmarking
20. Nu Skin Enterprises: Financial Performance
21. Pola Inc: Product Benchmarking
22. Pola Inc: Financial Performance
The Leading Key Players in Wellness Supplements Market
Nestle S.A. (Switzerland)
Abbott Laboratories (U.S.)
Amway (U.S.)
Otsuka Holdings Co. Ltd. (Japan)
Herbalife Ltd. (U.S.)
Archer Daniels Midland Company (U.S.)
Glanbiaplc (Ireland)
NBTY Inc. (U.S.)
GNC Holdings Inc. (U.S.)
Nu Skin Enterprises Inc. (U.S.). Other players in the market include GrupoOmnilife (Mexico)
Forever Living (U.S.)
Pola Inc. (Japan)
Shaklee Corporation (U.S.)
Usana Health Sciences Inc. (U.S.)
