Global Multivitamin Tablets Market, By Application (Energy and Weight Management, General Health, Bone and Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti- Cancer and Others), End User (Adults, Geriatric, Pregnant Women, Children and Infants), Distribution Channel (Over The Counter (OTC) and Prescribed), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa)Industry Trends and Forecast to 2028
Market Analysis and Insights of Multivitamin Tablets Market
Data Bridge Market Research analyses that the global multivitamin tabletsmarket will project a CAGR of 6.33% for the forecast period of 2021-2028. Growth and expansion of the pharmaceuticals industry, growth in the dietary supplements, rising consumer consciousness towards consumption of healthy products containing high nutritional value and growing personal disposable income by the major companies are the major factors attributable to the growth of multivitamin tabletsmarket.
Multivitamin tablets are the pharmaceutical capsules that are consumed to make-up for the deficiency of necessary vitamins and minerals in the human body. The multivitamin tablets serve as an alternative to conventional diets. In other words, multivitamin tablets are consumed when the body of an individual is unable to processes all the vitamins and minerals in the food item. Multivitamin tablets are highly consumed by pregnant women. This is because the dietary supplements offer variety of nutritional components for the fetus. A wide range of multivitamin tablets are available in the market. However, these must be consumed only after proper prescription form the doctor.
Rising personal disposable income and growing awareness about maintaining a healthy lifestyle are the major factors fostering the growth of the multivitamin tabletsmarket. Changing lifestyle, shifting consumer tastes and preferences and ever-rising global population are other important factors acting as multivitamin tabletsmarket growth determinants. Improving distribution channel, growth in the demand for medical-specialty nutritional supplements and surge in the number of sports centres and similar facilities will further induce growth in the multivitamin tabletsmarket value. Also, rising consumption of sports-based nutritional supplements will also carve the way for the growth of multivitamin tablets market.
However, rising prevalence of functional ingredients or functional goods will pose a major challenge to the growth of themultivitamin tabletsmarket. Availability of alternatives in the market such as organic food and beverage items will further restrict the scope of growth for themultivitamin tabletsmarket. Also, side effects associated with the over consumption of capsules or tablets will also derail the market growth rate.
This multivitamin tablets market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on multivitamin tablets market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Multivitamin Tablets Market Scope and Market Size
The multivitamin tabletsmarket is segmented on the basis of application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the global multivitamin tablets market is segmented into energy and weight management, general health, bone and joint health, gastrointestinal health, immunity, cardiac health, diabetes, anti- cancer and others.
- On the basis of end user, the global multivitamin tablets market is segmented into adults, geriatric, pregnant women, children and infants.
- On the basis of distribution channel, the multivitamin tablets market is segmented into over the counter (OTC) and prescribed.
Multivitamin Tablets Market Country Level Analysis
The multivitamin tabletsmarket is analyses and market size, volume information is provided by country, application, end user and distribution channel as referenced above.
The countries covered in the multivitamin tablets market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the multivitamin tablets market and will continue to excel its dominance during the forecast period owing to the rising health concerns and growing preferences for low-calorie food items. Asia-Pacific on the other hand will project the highest CAGR owing to rising health concerns, increasing expenditure on health-enhancing products, urbanization, globalization, westernization, changing lifestyle, and increasing personal disposable income.
The country section of the multivitamin tablets market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Multivitamin Tablets Market Share Analysis
The multivitamin tabletsmarket competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to multivitamin tablets market.
The major players covered in themultivitamin tablets market report areAmway, Abbott, Bayer AG, Arkopharma, Pfizer Inc., Bionova, Herbalife International of America, Inc., Nature’s Bounty.,Ayanda, NutraMarks, Inc., Dupont., American Health, Sona., Centurion Laboratories Private Limited, Mylan N.V., Dwarkesh Pharmaceuticals Private Limited., SaillonPharma., Healthy Life Pharma Private Limited., HealthKart.com,Truebasics.com and 21ST Century HealthCare, Inc.among other domestic and globalplayers. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-