Global Market Study on Dietary Supplements: Botanical Supplements To Be The Largest Market by 2020


  • Published On : Apr-2015 |
  • Pages : 94 Pages |
  • Format :

The increase in consumer interest in a healthy diet has led to higher consumption of food and food ingredients with potential health benefits. Of late, consumers have become more conscious of their diet. According to a survey conducted by the Council for Responsible Nutrition (CRN) in 2014, the majority of adults in the U.S. took dietary. According to the same survey, around 68% of adults in the U.S. use dietary supplements; of these, around 50% are regular users. Around 83% of adults in the U.S. expressed overall confidence in the quality, effectiveness, and safety of dietary supplements. Rising aging population, increasing lifestyle diseases and increasing healthcare cost are some of the important factors driving the growth of the dietary supplements market. The major factor driving the cost of healthcare is lengthy and costly R&D conducted by pharmaceutical companies. Due to increasing costs of healthcare, people are turning towards dietary supplements to help them stay healthy. These supplements provide various health benefits such as strengthening the immune system, protection from cold and flu, prevention of migraine headaches, treat of arthritis, rheumatic diseases, allergies, lower cholesterol, triglyceride levels and blood pressure, cardiovascular diseases, and cognitive diseases at lower costs.

Asia-Pacific is the largest market for dietary supplements globally. Consumer awareness about the benefits of dietary supplements and wide product availability are the major drivers for the market in Asia Pacific. The increase in disposable income allows customers to spend more on healthy food items. According to the National Bureau of Statistics of China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013. The dietary supplements market in North America is at mature stage compared to that in developing nations in Asia and Africa. In recent years, consumers have become more conscious of their diet. According to a survey conducted by the Council for Responsible Nutrition (CRN) in 2014, around 68% of adults in the U.S. use dietary supplements; of these, around 50% are regular users. Rising number of elderly people in North America is leading to a rise in demand for dietary supplements products. Over the last few years, the risk of chronic diseases and maintenance of health in old age have been the major health concerns leading to increased spending on dietary supplement products. According to the U.S. Census Bureau, in 2012, 40 million people in the country are aged 65 and above. Europe is the second-largest market for dietary supplement products. Recently, consumers in the region are showing great interest in leading healthy lifestyles, in turn, driving the consumption of healthy food. In the European region, Western Europe is the largest market for dietary supplements. Eastern Europe is considered to have higher future growth potential. Rising aging population, increasing lifestyle diseases, and growing healthcare costs are some of the important factors driving the growth of the dietary supplements market in the region.

The Competitive Landscape section of the dietary supplements market report includes benchmarking section which provides an insight on various companies operating in the dietary supplements market based on their regional presence and their product offerings across four product segments (vitamin supplements, mineral supplements, botanical supplements, and fatty acids supplements).

Key points covered in the report

  • The report provides historic, present and forecasted market size, analysis, trend, share, and growth 
  • The report segments the market on the basis of product by value (USD billion), on the basis of end-user by value (USD billion) and, on the basis of application by value (USD billion) for all geography
  • The report covers dietary supplements products segmentation
    • Vitamin Supplements
    • Mineral Supplements
    • Botanical Supplements
    • Fatty Acids Supplements
    • Others Supplements
  • The report covers dietary supplements end user segmentation
    • Adult Women
    • Adult Men
    • Senior Citizens
    • Others
  • The report covers dietary supplements application segmentation
    • Food and Beverage
    • Pharmaceuticals
    • Personal Care
    • Others
  • The report covers geographic segmentation
    • North America 
    • Europe 
    • Asia Pacific 
    • Row 
  • The report provides company profiles of some of the leading companies operating in the market
  • The report also provides porter’s five forces analysis of the market

Increase in consumer interest in healthy diet has led to higher consumption of food and food ingredients with potential health benefits. Of late, consumers have become more conscious of their diet. According to a survey conducted by the Council for Responsible Nutrition (CRN) in 2014, majority of adults in the U.S. took dietary. According to the same survey, around 68% of adults in the U.S. use dietary supplements; of these, around 50% are regular users. Around 83% of adults in the U.S. expressed overall confidence in the quality, effectiveness, and safety of dietary supplements. People across various age groups consume dietary supplements to meet their recommended dietary allowances. Dietary supplements are available in different forms, such tablets, pills, powders, capsules, gel caps, and liquids. Dietary supplements such as vitamin, botanical, mineral, and fatty acid help consumers stay healthy and prevent nutritional deficiency diseases. Rising aging population, increasing lifestyle diseases and increasing healthcare cost are some of the important factors driving growth of the dietary supplements market. The major factor driving the cost of healthcare is lengthy and costly R&D conducted by pharmaceutical companies. 

Due to increasing costs of healthcare, people are turning towards dietary supplements to help them stay healthy. These supplements provide various health benefits such as strengthening the immune system, protection from cold and flu, prevention of migraine headaches, treat of arthritis, rheumatic diseases, allergies, lower cholesterol, triglyceride levels and blood pressure, cardiovascular diseases, and cognitive diseases at lower costs.

Asia Pacific was the largest market for dietary supplements in 2013, accounting for 31.2% of the global market share, followed by Europe and North America with market share of 30.1% and 25.4% respectively. From 2014–2020 the Asia Pacific dietary supplements market is expected to grow at a CAGR 9.1%, driven by populous countries such as India and China. Consumer awareness about the benefits of dietary supplements and wide product availability are the major drivers for the market in the region. Increase in disposable income allows customers to spend more on healthy food items. According to the National Bureau of Statistics of China, annual per capita disposable income of urban households in China increased from USD 2,271.0 in 2008 to USD 3408.5 in 2012. The overall annual disposable income in India increased from USD 1,366.2 billion in 2010 to USD 1,587.6 billion in 2013.

Under the product segment, botanical supplements (the largest segment in 2013) increased by a CAGR of 6.6% during 2010–2013 to reach USD 54.6 billion in 2013. Under the application segment, the pharmaceutical sector (the largest sector in 2013) increased by a CAGR of 6.4% during 2010–2013 to reach USD 52.1 billion in 2013. Under regional segment, the Asia Pacific dietary supplements market (largest market in 2013) increased by 8.2% CAGR during 2010-2013 to reach USD 34.2 billion in 2013.

Some of the major companies operating in the global dietary supplements market are NBTY, Inc., Koninklijke DSM N.V., Amway, Herbalife Ltd., Omega Protein Corporation, Bayer AG, Naturalife Asia Co., Ltd., Integrated BioPharma, Inc., Nu Skin Enterprises, Inc., BASF SE, Surya Herbal Ltd., Bio-Botanica Inc., The Himalaya Drug Company, Ricola AG, Pharmavite LLC, Blackmores Ltd., Epax AS, and Axellus AS.

Some of the major companies operating in the global dietary supplements market:

  • NBTY, Inc.
  • Koninklijke DSM N.V.
  • Amway, Herbalife Ltd.
  • Omega Protein Corporation.
  • Bayer AG.
  • Naturalife Asia Co., Ltd.
  • Integrated BioPharma, Inc.
  • Nu Skin Enterprises, Inc.
  • BASF SE, Surya Herbal Ltd.
  • Bio-Botanica Inc.
  • The Himalaya Drug Company.
  • Ricola AG.
  • Pharmavite LLC.
  • Blackmores Ltd.
  • Epax AS.
  • Axellus AS.
  • Other.

 

Chapter 1 Preface

1.1 Report description

     1.1.1 Segments covered in the report

1.2 Research Methodology

Chapter 2 Market Synopsis

Chapter 3 Porter’s Five Forces Analysis

3.1 Bargaining power of suppliers

3.2 Bargaining Power of Buyers

3.3 Threat of New Entrants

3.4 Threat of Substitutes

3.5 Rivalry Among Competitors

Chapter 4 Industry Overview

4.1 Introduction

4.2 Market Drivers

     4.2.1 Increasing cost of healthcare is expected to drive the market for dietary supplements

     4.2.2 Growing awareness about functional benefits of dietary supplements is driving the market

     4.2.3 High population of baby boomers drives demand for dietary supplements market

     4.2.4 Rising disposable income drives market for dietary supplements

     4.2.5 Increasing urbanization drives demand for dietary supplements

     4.2.6 Impact analysis of growth drivers

4.3 Market Restraints

     4.3.1 Slow pace of regulatory approvals for health claims due to heavily regulated market is expected to hamper dietary supplements market

     4.3.2 Negative publicity and false promising are affecting the dietary supplements market

     4.3.3 Impact analysis of market restraints

4.4 Opportunities

     4.4.1 Increasing demand for dietary supplements in the pediatric category

     4.4.2 Increasing demand for dietary supplements ingredients in food and beverages industry

Chapter 5 Market Size and Forecast by Product

5.1 Vitamin Supplements

5.2 Mineral Supplements

5.3 Botanical Supplements

5.4 Fatty Acids Supplements

Chapter 6 Market Size and Forecast, by End User

6.1 Adult Women

6.2 Adult Men

6.3 Senior Citizens

Chapter 7 Market Size and Forecast, by Application

7.1 Food and Beverage

7.2 Pharmaceutical

7.3 Personal Care

Chapter 8 Market Size and Forecast, by Geography

8.1 North America

8.2 Europe

8.3 Asia Pacific

Chapter 9 Competitive Scenario

9.1 Segment-wise geographical presence of companies, 2013

9.2 Revenue and CAGR of global dietary supplements market, by product, 2013

Chapter 10 Company Profiles

10.1 NBTY, Inc.

     10.1.1 Company overview

     10.1.2 Products and services

     10.1.3 Financial performance

     10.1.4 Recent developments

10.2 Koninklijke DSM N.V.

     10.2.1 Company overview

     10.2.2 Products and services

     10.2.3 Financial performance

     10.2.4 Recent developments

10.3 Amway

     10.3.1 Company overview

     10.3.2 Products and services

     10.3.3 Financial performance

     10.3.4 Recent developments

10.4 Herbalife Ltd.

     10.4.1 Company overview

     10.4.2 Products and services

     10.4.3 Financial performance

     10.4.4 Recent developments

10.5 Omega Protein Corporation

     10.5.1 Company overview

     10.5.2 Products and services

     10.5.3 Financial performance

     10.5.4 Recent developments

10.6 Bayer AG

     10.6.1 Company overview

     10.6.2 Products and services

     10.6.3 Financial performance

     10.6.4 Recent developments

10.7 NaturaLife Asia Co., Ltd.

     10.7.1 Company overview

     10.7.2 Products and services

     10.7.3 Financial performance

     10.7.4 Recent developments

10.8 Integrated BioPharma, Inc.

     10.8.1 Company overview

     10.8.2 Products and services

     10.8.3 Financial performance

     10.8.4 Recent developments

10.9 Nu Skin Enterprises, Inc.

     10.9.1 Company overview

     10.9.2 Products and services

     10.9.3 Financial performance

     10.9.4 Recent developments

10.10 BASF SE

     10.10.1 Company overview

     10.10.2 Products and services

     10.10.3 Financial performance

     10.10.4 Recent developments

10.11 Surya Herbal Ltd.

     10.11.1 Company overview

     10.11.2 Products and services

     10.11.3 Financial performance

     10.11.4 Recent developments

10.12 Bio-Botanica Inc.

     10.12.1 Company overview

     10.12.2 Products and services

     10.12.3 Financial performance

     10.12.4 Recent Developments

10.13 The Himalaya Drug Company

     10.13.1 Company overview

     10.13.2 Products and services

     10.13.3 Financial performance

     10.13.4 Recent developments

10.14 Ricola AG.

     10.14.1 Company overview

     10.14.2 Products and services

     10.14.3 Financial performance

     10.14.4 Recent developments

10.15 Pharmavite LLC

     10.15.1 Company overview

     10.15.2 Products and services

     10.15.3 Financial performance

     10.15.4 Recent developments

10.16 Blackmores Ltd.

     10.16.1 Company overview

     10.16.2 Products and services

     10.16.3 Financial performance

     10.16.4 Recent developments

10.17 Epax AS

     10.17.1 Company overview

     10.17.2 Products and services

     10.17.3 Financial performance

     10.17.4 Recent developments

10.18 Axellus AS

     10.18.1 Company overview

     10.18.2 Products and services

     10.18.3 Financial performance

     10.18.4 Recent developments


List of Tables

TABLE 1 Global dietary supplements market snapshot, by value, 2014 and 2020

TABLE 2 Global healthcare expenditure data by region (2010-2012)

TABLE 3 Dietary supplements products and their related benefits

TABLE 4 Increasing Urbanization Rates, by Country (%, 2010-2013)

TABLE 5 Impact Analysis of Market Drivers

TABLE 6 Impact Analysis of Market Restraints

TABLE 7 Global dietary supplements market size, by product, 2010 – 2013 (USD billion)

TABLE 8 Global dietary supplements market size, by product, 2014 – 2020 (USD billion)

TABLE 9 Global dietary supplements market size, by end user, 2010 – 2013 (USD billion)

TABLE 10 Global dietary supplements market size, by end user, 2014 – 2020 (USD billion)

TABLE 11 Global dietary supplements market size, by application, 2010 – 2013 (USD billion)

TABLE 12 Global dietary supplements market size, by application, 2014 – 2020 (USD billion)

TABLE 13 Global dietary supplements market size, by region, 2010 – 2013 (USD billion)

TABLE 14 Global dietary supplements market size, by region, 2014 – 2020 (USD billion)

TABLE 15 The North American dietary supplements market size, by product, 2010 – 2013 (USD billion)

TABLE 16 The North American dietary supplements market size, by product, 2014 – 2020 (USD billion)

TABLE 17 The North American dietary supplements market size, by application, 2010 – 2013 (USD billion)

TABLE 18 The North American dietary supplements market size, by application, 2014 – 2020 (USD billion)

TABLE 19 The North American dietary supplements market size, by end user, 2010 – 2013 (USD billion)

TABLE 20 The North American dietary supplements market size, by end user, 2014 – 2020 (USD billion)

TABLE 21 The European dietary supplements market size, by product, 2010 – 2013 (USD billion)

TABLE 22 The European dietary supplements market size, by product, 2014 – 2020 (USD billion)

TABLE 23 The European dietary supplements market size, by application, 2010 – 2013 (USD billion)

TABLE 24 The European dietary supplements market size, by application, 2014 – 2020 (USD billion)

TABLE 25 The European dietary supplements market size, by end user, 2010 – 2013 (USD billion)

TABLE 26 The European dietary supplements market size, by end user, 2014 – 2020 (USD billion)

TABLE 27 The Asia Pacific dietary supplements market size, by product, 2010 – 2013 (USD billion)

TABLE 28 The Asia Pacific dietary supplements market size, by product, 2014 – 2020 (USD billion)

TABLE 29 The Asia Pacific dietary supplements market size, by application, 2010 – 2013 (USD billion)

TABLE 30 The Asia Pacific dietary supplements market size, by application, 2014 – 2020 (USD billion)

TABLE 31 The Asia Pacific dietary supplements market size, by end user, 2010 – 2013 (USD billion)

TABLE 32 The Asia Pacific dietary supplements market size, by end user, 2014 – 2020 (USD billion)

Source: Persistence Market Research

TABLE 33 Major players operating in the global dietary supplements market

TABLE 34 NBTY products and services

TABLE 35 DSM products and services

TABLE 36 Amway products and services

TABLE 37 Herbalife products and services

TABLE 38 Omega Protein Corporation products and segments

TABLE 39 Bayer products and services

TABLE 40 NaturaLife Asia products and services

TABLE 41 Integrated BioPharma products and services

TABLE 42 Nu Skin products and brands

TABLE 43 BASF products and services

TABLE 44 Surya Herbal products and services

TABLE 45 Bio-Botanica products and services

TABLE 46 Himalaya’s products and services

TABLE 47 Ricola products and services

TABLE 48 Epax AS product line

TABLE 49 Product line of Axellus AS


List of Figures 

FIG. 1 Global dietary supplements market, 2010 – 2020 (USD billion)

FIG. 2 Dietary supplements market: Porter’s five forces analysis

FIG. 3 Population above 60 years in major countries (%, 2000-2050)

FIG. 1 Global vitamin supplements market, 2010 – 2020 (USD billion)

FIG. 2 Global mineral supplements market, 2010 – 2020 (USD billion)

FIG. 3 Global botanical supplements market, 2010 – 2020 (USD billion)

FIG. 4 Global fatty acids supplements market, 2010 – 2020 (USD billion)

FIG. 5 Global consumption of dietary supplements by adult women, 2010 – 2020 (USD billion)

FIG. 6 Global consumption of dietary supplements by adult men, 2010 – 2020 (USD billion)

FIG. 7 Global consumption of dietary supplements by senior citizens, 2010 – 2020 (USD billion)

FIG. 8 Global consumption of dietary supplements in food and beverages sector, 2010 – 2020 (USD billion)

FIG. 9 Global consumption of dietary supplements in pharmaceutical sector, 2010 – 2020 (USD billion)

FIG. 10 Global consumption of dietary supplements in personal care sector, 2010 – 2020 (USD billion)

FIG. 11 Segment-wise geographical presence of companies, 2013

FIG. 12 Global dietary supplements market: Segmental benchmarking, 2013

FIG. 13 NBTY, Inc. net sales and net income, 2011-13 (USD million)

FIG. 14 Koninklijke DSM N.V net sales and profit, 2011-2013 (USD million)

FIG. 15 Herbalife, Ltd. net sales and net income, 2011-2013 (USD million)

FIG. 16 Omega Protein Corporation net sales and net profit, 2011-2013 (USD million)

FIG. 17 Bayer AG sales and net income of, 2011 - 13 (USD billion)

FIG. 18 Integrated BioPharma, Inc. net sales and net income, 2011-13 (USD million)

FIG. 19 Nu Skin revenue and net income, 2011-2013 (USD million)

FIG. 20 BASF SE Sales and net income, 2011 - 13 (USD billion)

FIG. 21 Surya Roshni Ltd. revenue and profit after taxes , 2011-13 (USD million)

FIG. 22 Otsuka Holdings Co., Ltd. net sales and net income , 2011-13 (USD billion)

FIG. 23 Blackmores sales and profit, 2011-13 (USD million)

FIG. 24 Orkla Home & Personal’s net sales and net profit, 2011 – 2013 (USD million)

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