WELLNESS SUPPLEMENTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
The global wellness supplements market is estimated to be valued at USD 270.10 Bn in 2024 and is expected to exhibit a CAGR of 7.7% during the forecast period (2024-2031). The global wellness supplements market has seen significant growth over the past decade. Growing health awareness along with increasingly hectic lifestyles has driven the demand for nutritional and herbal supplements that support overall well-being. These supplements are popularly consumed to boost immunity, manage stress, aid digestion, and promote relaxation. Rising obesity and prevalence of lifestyle diseases have further augmented the need for products that aid in weight management, improve cardiovascular health, and control glucose levels. With growing consumer inclination towards preventive healthcare and maintaining optimal wellness, the market is expected to continue expanding at a brisk pace going forward.
Market Dynamics:
The global wellness supplements market is primarily driven by rising health consciousness among individuals coupled with increasing focus on preventive healthcare. Growing disposable incomes especially in developing economies have also augmented the demand for supplements. Furthermore, an aging global population prone to chronic diseases and age-related issues favor the market growth. However, lack of regulation and supervision have led to the proliferation of low-quality supplements, posing health risks, thus restraining the market growth to a certain extent. On the positive side, innovations in product formats and the growing popularity of herbal ingredients provide significant opportunities for market players. E-commerce penetration and aggressive marketing by key players further aids market expansion.
Key Features of the Study:
Market Segmentation
Table of Contents
*Browse 38 market data tables and 44 figures on "Global Wellness Supplements Market” - forecast to 2031
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize NowWe help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients