Global Personalized Dietary Supplements Market, By Type (Vitamins, Minerals, Botanicals, Amino Acids, Enzymes, Probiotics), Function (Additional, Medicinal, Sports Nutrition), Dosage Forms (Tablets, Capsule, Powders, Liquids, Others), Application (Additional Supplements, Medicinal Supplements, Sports Nutrition, Lifestyle Diseases, Inherited Diseases, Others), End-Use (Hospitals, Clinics, Home Care, Wellness and Fitness Centers, Ambulatory Care, Others) – Industry Trends and Forecast to 2029.
Personalized Dietary Supplements Market Analysis and Size
Customers' awareness of their health has grown, as has the demand for nutritious food. This has compelled food and beverage manufacturers to create items fortified with essential nutrients, such as amino acids, which has increased customer demand for amino acids.
Data Bridge Market Research analyses that the personalized dietary supplements was valued at 5.12 billion in 2021 and is expected to reach the value of USD 9.76 billion by 2029, at a CAGR of 8.40% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Personalized Dietary Supplements Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Vitamins, Minerals, Botanicals, Amino Acids, Enzymes, Probiotics), Function (Additional, Medicinal, Sports Nutrition), Dosage Forms (Tablets, Capsule, Powders, Liquids, Others), Application (Additional Supplements, Medicinal Supplements, Sports Nutrition, Lifestyle Diseases, Inherited Diseases, Others), End-Use (Hospitals, Clinics, Home Care, Wellness and Fitness Centers, Ambulatory Care, Others)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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).
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Market Players Covered
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Glanbia plc. (Ireland), Now Health Group, Inc. (U.S.), Nutiva Inc (U.S.), The Simply Good Food Co (U.S.), Iovate Health Sciences International Inc. (Canada), MusclePharm Corporation (U.S.), Kerry (Ireland), CytoSport, Inc. (U.S.), The Nature's Bounty Co. (U.S.), Reliance Vitamin Company, Inc. (U.S.), Herbalife Nutrition, Inc. (U.S.), Danone SA (France), General Nutrition Centers (GNC) Holdings, Inc. (U.S.), Orgain Inc. (U.S.), True Nutrition (U.S.).
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Opportunities
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Market Definition
A dietary supplement is a manufactured product that is intended to supplement one's diet through the use of a pill, capsule, tablet, powder, or liquid. Personalized nutrition primarily focuses on improving health through the use of genetic, phenotypic, medical, and nutritional information, among other things. Personalized nutrition essentially uses information on individual characteristics to achieve targeted nutritional advice, services, or products to guide or assist people with the best source of information for their better health.
Global Personalized Dietary Supplements Market Dynamics
Drivers
- Growing emphasis on physical fitness
Personalized dietary supplements products are becoming increasingly popular, particularly among athletes and people who engage in strenuous physical activities. Growing emphasis on staying fit and healthy, as well as increased participation in sports, health clubs, sports clubs, and gyms. These are some of the major factors driving the growth of the personalized dietary supplements industry. ?
- Incorporation of organic and high quality ingredients
As consumers become more concerned about the use of ingredients in products, the use of organic ingredients in the production of personalized dietary supplements products is gaining traction in the market. Furthermore, an increase in demand from casual consumers who are not actively engaged in any strenuous physical activities is propelling personalized dietary supplements market growth. Furthermore rising celebrity endorsements and promotions through various digital channel are further influencing market growth.
Opportunity
- Expansion of fitness industry
The growing number of fitness centres and increased female participation are expected to fuel the market's growth. The growing millennial population, as well as increased social media marketing, will further boost many opportunities, leading to the growth of the personalized dietary supplements market during the forecast period.
Restraints
- Lack of awareness and high cost associated with the products
Strict regulations and the high cost of R&D activities will limit the growth of the amino acid in the dietary supplements market during the aforementioned period. However, the increasing use of multi-page labelling and consumer mistrust will pose challenges to the growth of the personalized dietary supplements market.
This personalized dietary supplements market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the personalized dietary supplements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Personalized Dietary Supplements Market
The COVID-19 outbreak has put tremendous strain on the functional food and nutraceutical industries. Several frontline workers, including doctors, nurses, other medical professionals, hygiene workers or sweepers, and others, are working hard to stop the spread of the novel coronavirus. To combat the disease, government agencies have advised citizens to eat a healthy and nutritious diet. This is expected to increase demand for personalized dietary supplements, which promote the body's good health and optimal functioning by providing essential nutrients. Personalized dietary supplements are necessary for the growth and repair of human cells and tissues. Furthermore easy availability on e-commerce channels will further push market growth
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2022, Lycored will open a new facility in Branchburg, New Jersey, to process carotenoids, minerals, amino acids, vitamins, and other food ingredients. This plant has new and advanced milling, grinding, drying, and coating capabilities.
- In 2021 Lacprodan BLG-100, a pure beta-lactoglobulin (BLG) ingredient, was introduced by Arla Foods Ingredients. The ingredient contains 45 percent more leucine, the main amino acid for muscle building, than commercially available whey protein isolates.
- In 2020 Kerry will introduce 13 new protein options made from pea, rice, and sunflower. These allergen-free plant-based proteins have a complete protein profile with a PDCAAS (Protein Digestibility Corrected Amino Acid Score) of 100 percent.
Global Personalized Dietary Supplements Market Scope
The personalized dietary supplements market is segmented on the basis of type, function, dosage forms, application, and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Vitamins
- Minerals
- Botanicals
- Amino Acids
- Enzymes
- Probiotics
Function
- Additional
- Medicinal
- Sports Nutrition
Dosage Form
- Tablets
- Capsule
- Powders
- Liquids
- Others
End users
- Hospitals
- Clinics
- Home Care
- Wellness and Fitness Centers
- Ambulatory Care
- Others
Application
- Additional Supplements
- Medicinal Supplements
- Sports Nutrition
- Lifestyle Diseases
- Inherited Diseases
- Others
Personalized Dietary Supplements Market Regional Analysis/Insights
The personalized dietary supplements market is analysed and market size insights and trends are provided by country, type, function, dosage forms, application, and end-use as referenced above.
The countries covered in the personalized dietary supplements market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 personalized dietary supplements market due to factors such as rising health awareness and obesity in this region, which aids in the growth of the personalized nutrition market in this region.
The Asia-Pacific region is set to grow at the highest rate in the global market. The Asia-Pacific market for food amino acids in dietary supplements market is being driven by an increase in the use of food amino acids as a flavour enhancer in the food sector, as well as a rise in customer concern about eating a healthy diet.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Personalized Dietary Supplements Market Share Analysis
The personalized dietary supplements market 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 personalized dietary supplements market.
Some of the major players operating in the personalized dietary supplements market are:
- Glanbia plc. (Ireland)
- Now Health Group, Inc. (U.S.)
- Nutiva Inc. (U.S.)
- The Simply Good Food Co (U.S.)
- Iovate Health Sciences International Inc. (Canada)
- MusclePharm Corporation (U.S.)
- Kerry (Ireland)
- CytoSport, Inc. (U.S.)
- The Nature's Bounty Co. (U.S.)
- Reliance Vitamin Company, Inc. (U.S.)
- Herbalife Nutrition, Inc. (U.S.)
- Danone SA (France)
- General Nutrition Centers (GNC) Holdings, Inc. (U.S.)
- Orgain Inc. (U.S.)
- True Nutrition (U.S.).
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