Liquid Dietary Supplements Market Outlook
According to a new report by Expert Market Research titled, “Liquid Dietary Supplements Market Size, Share, Analysis, Report and Forecast 2024-2032″, the liquid dietary supplements market is projected to grow at a CAGR of 7.30% between 2024 and 2032. Aided by the rising demand for wellness and health products and the burgeoning applications of liquid dietary supplements in various sectors, the market is expected to grow significantly by 2032.
Liquid dietary supplements are easy-to-consume nutritional products that are commonly used to bolster the daily intake of essential nutrients, including vitamins, minerals, amino acids, botanicals, and enzymes. These supplements play a crucial role in improving overall health, boosting immunity, aiding weight management, and enhancing physical performance. Beyond their primary nutritional benefits, liquid dietary supplements also provide convenient ingestion and higher bioavailability compared to their solid counterparts, making them a preferred choice across various consumer demographics.
The global liquid dietary supplements market growth is being driven significantly by the rising consumer preference for wellness and health products. There has been a significant shift towards diets rich in critical nutrients as awareness of the advantages of good nutrition grows, which has sparked a demand for liquid dietary supplements. Since these supplements are frequently a component of the regimen followed by athletes, fitness enthusiasts, and health-conscious consumers, the fitness and wellness movement has further increased the appeal of these supplements.
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The increasing applications of liquid dietary supplements in various sectors also play a significant role in fuelling the liquid dietary supplements market expansion. In the pharmaceutical industry, these supplements are used to address various health issues, including vitamin deficiencies, weak immunity, and age-related disorders. The food and beverage industry utilises liquid dietary supplements as fortifying agents in products like fortified drinks and functional foods. Moreover, the rise of e-commerce and digital platforms has expanded the distribution channels for these supplements, thus enhancing their reach and accessibility.
Moreover, the escalating demand for plant-based and natural alternatives in the food and beverage industry has led to an increased focus on liquid dietary supplements derived from botanical and organic sources. With the rise of veganism and the growing popularity of plant-based diets, liquid dietary supplements have emerged as a pivotal segment in the market, supplementing the diets of consumers who avoid animal-derived products. This trend is providing a substantial boost to the liquid dietary supplements market.
Liquid Dietary Supplements Market Segmentation
The market can be divided based on ingredient, application, distribution channel, end use, and region.
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Market Breakup by Ingredient
- Vitamins and Minerals
- Botanical
- Proteins and Amino Acids
- Others
Market Breakup by Application
- Bone and Joint Health
- Heart Health
- Immune Health
- Sports Nutrition
- Weight Loss
- Digestive Health
- Others
Market Breakup by Distribution Channel
- Hypermarkets/Supermarkets
- Health and Beauty Retail Stores
- Drug Stores
- Online Pharmacies and E-Commerce Sites
Market Breakup by End Use
- Males
- Females
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global liquid dietary supplements companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Abbott Laboratories Co.
- Herbalife International of America, Inc.
- Koninklijke DSM N.V.
- BASF SE
- GlaxoSmithKline plc
- Amway Corp.
- Others
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