Authored By: Sarah
04 Sep 2023

Supplements Market in US Size to Grow by $ 15.93 Billion through 2021-2025  

Technavio research projects the supplements market in US to grow by $ 15.93 billion, accelerating at a CAGR of 6.21% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Supplements Market In US: Key Market Driver

One of the primary factors that will trigger the growth of the supplements market in US size is rising awareness through social media marketing. Social media marketing is helping manufacturers reach out to a larger consumer pool and attract new consumers. Social media is also helping manufacturers to increase awareness about these products and their benefits.

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for Supplements Market in US Size to Grow by $ 15.93 Billion During 2021-2025

Supplements Market In US: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amway Corp ., ECNutra, Glanbia Plc, GNC Holdings Inc., Herbalife Nutrition Ltd., Hi-Tech Pharmaceuticals Inc., Lonza Group Ltd., SDC Nutrition Inc., Supplement Manufacturing Partner Inc., and The Carlyle Group Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 6.21%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 15.93 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Rising awareness through social media marketing will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    Nigeria, Americas, and Andorra are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    61% growth will originate from Nigeria

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Amway Corp ., ECNutra, Glanbia Plc, GNC Holdings Inc., Herbalife Nutrition Ltd., Hi-Tech Pharmaceuticals Inc., Lonza Group Ltd., SDC Nutrition Inc., Supplement Manufacturing Partner Inc., and The Carlyle Group Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Vitamin, Sports nutrition, Herbal and botanical supplements, and Meal replacement supplements) and Distribution Channel (Retail outlets and Online stores)
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