“Wellness Supplement market set to grow to $294bn by 2023” says new Visiongain report
03 September 2018
Visiongain has launched a new food report Wellness Supplements Market 2018-2028: Dietary Supplements, Vitamin & Mineral, Protein, Herbal, Probiotics, Functional / Fortified Food & Beverages, Probiotics, Energy Drinks, Sports Drinks, Juices, Baby Food, Food Intolerance Products, Gluten-Free, Lactose-Free, Diabetic, Nutricosmetics, Skin, Hair, Other Nutricosmetics
The wellness supplements industry offers great business opportunities in many regions, driven by a growing number of elderly people, increasing life expectancy, high rates of obesity and many other factors. As the connection between a diet and health becomes more important to many consumers, the demand for wellness products within various categories of the food market is significantly increasing.
The lead analyst of the report commented "The current market demands much greater differentiation than it did in the past. Companies now have to offer products with a specific health benefit to meet individual consumer needs. To succeed in emerging markets, it is important to ensure that products are aligned with local taste preferences. In Asia Pacific, a number of the leading brands belong to local companies that understand not only which health trends resonate most with consumers, but also the local taste preferences. As these markets become more lucrative, multinationals often build research centres in the particular country to allow for more regional specific innovation."
Leading companies featured in the report include Abbott Laboratories, Ajinomoto Co., Inc., Archer Daniels Midland, BASF SE, Cargill Incorporated, DowDupont Company, Ingredion Incorporated, Kerry Group, Nestle, Tate & Lyle Plc
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100
About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports cusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Recent News
Visiongain Publishes Commercial Greenhouse Market Report 2024-2034
The global Commercial Greenhouse market was valued at US$38.02 billion in 2023 and is projected to grow at a CAGR of 8.3% during the forecast period 2024-2034.
09 April 2024
Read
Visiongain Publishes Vertical Farming Market Report 2023-2033
The global Vertical Farming market was valued at US$5.4 billion in 2022 and is projected to grow at a CAGR of 22% during the forecast period 2023-2033.
31 July 2023
Read
Visiongain Publishes Industrial Enzymes Market Report 2023-2033
The global industrial enzymes market was valued at US$6.42 billion in 2022 and is projected to grow at a CAGR of 6.8% during the forecast period 2023-2033.
06 June 2023
Read
Visiongain Publishes Agricultural Robots Market Report 2023-2033
The global Agricultural Robots market was valued at US$12.8 billion in 2022 and is projected to grow at a CAGR of 25.3% during the forecast period 2023-2033.