The wellness supplements are necessary for continuing the healthy life. Such supplements consist all the minerals in sufficient amount to meet the daily need for healthy life. The food supplement encompasses contains Vitamin D, Folic Acid, Vitamin B12 and Calcium. Food supplements can be utilized by the pregnant women because they encompasses folic acid in abundant amount which is indispensable requirement for them. Pregnant or breastfeeding women should undoubtedly consume a multi, but demand to discuss this with their health care providers. Furthermore, many of the players in this market are introducing new and effective products at a reasonable price and rising the awareness related to the significant applications of the wellness supplements which further increase the demand and leading the fastest market growth more effectively with the attainment of highest market share across the globe more significantly throughout the forecasted period.
According to the report analysis, ‘Global Wellness Supplements Market Size Study, by Product (Dietary Supplements, Functional/Fortified Food & Beverages, Food Intolerance, Dermo-Cosmetic Skin Essentials) and Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2017-2025 (USD Billion/Million)’ states that there are several key players which are presently functioning in this sector more actively for attaining the high value of market share and leading the fastest market growth across the globe in the coming years while introducing new products with great efficiency and developing the techniques of producing the product includes NBTY Inc., Nestle S.A., Otsuka Holdings Co. Ltd., Abbott Laboratories, Glanbia Plc, Amway, GNC Holdings Inc., Pola Inc., Shaklee Corporation and several others. Moreover, many of the players in this market are developing their technologies of production for increasing the demand and generating the high amount of revenue around the globe more positively in the short span of time.
Global Wellness Supplements Market industry valued approximately USD 196.14 billion in 2016 is predicted to increase with a healthy growth rate of more than 7.49% over the forecast period of 2017-2025. Moreover, the global market of wellness supplements is segmented into different segments which majorly involves product and region. Whereas, the sector of product includes dietary supplements, functional/fortified food & beverages, food intolerance and dermo-cosmetic skin essentials while, with the existence of several products the market is spread around the globe which intensively includes North America, Europe, Asia Pacific, Latin America and Rest of the World.
Additionally, the market of wellness supplements around the globe is extremely fragmented and the foremost market players have utilized several different and effective strategies such as expansions, joint ventures, mergers and acquisitions, new product launches and several others to increase the respective footprints in this market. The major factors fueling the market growth are significant increase in the occurrences of long-term diseases, rising health care prices, escalating elderly populace, and increasing awareness about advantages of wellness supplements. Therefore, in the near future, it is anticipated that the market of wellness supplements will increase around the globe more positively over the recent few years.
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Ankur Gupta, Head Marketing & Communications