Lifestyle-Related Disease Supplements Market Size
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia-Pacific|
|Largest Market:||North America|
*Disclaimer: Major Players sorted in no particular order
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Lifestyle-Related Disease Supplements Market Analysis
The Lifestyle-Related Disease Supplements market is projected to register a CAGR of 8.2% during the forecast period, 2022-2027.
The pandemic has raised the demand for lifestyle-related diseases due to the growing consumer awareness about health supplements and increasing expenditure on healthcare. Moreover, during the pandemic period consumers are spending more time at home due to the extended lockdown which further induces anxiety, stress, and other types of disease. As a result, it increases, the sales of health supplements in the market. Subsequently, the demand for vitamin C has witnessed massive growth in the market during the pandemic period as it helps to improve immune function. Thus, market players are investing in the category and launching new products to gain market share and increase their market presence. For instance, in 2021, Life Extension unveiled the launch of a new vitamin C supplement which is innovative with 24-hour liposomal hydrogel formula that stays in the system for 24 hours and is seven times more bioavailable than conventional vitamin C supplements. Moreover, the growing importance of health as a lifestyle choice during the pandemic also attracted many companies to enter the health segments of the market studied.
Over the long term, the prevalence of lifestyle-related problems has been increasing among the global consumer owing to the changing lifestyle behaviors including consumption of unhealthy diet, and physical inactivity. As a result, it raises the consumption of health supplements. Therefore, the consumer shift toward preventive health management practices and growing awareness about the burden of lifestyle disease is the major factor driving the growth in the global market.
Furthermore, the demand for cognitive, mental, and mood supplements is increasing due to mental illness and stressful career-focused lifestyles and in turn, fuels the growth of the lifestyle-related disease supplements market.
Lifestyle-Related Disease Supplements Industry Segmentation
Lifestyle-related disease supplements are majorly consumed with a prime intention to enhance the intake of essential nutrients for the body. The global lifestyle-related disease supplements market (henceforth referred to as the market studied) is segmented by product type, form, distribution channel, and geography. By product type, the market is segmented into Heart Health Supplements, Bone and Joint Health supplements, Digestive Health Supplements, Brain Health Supplements, and Other Supplements. Based on form, the market is segmented into Tablets, Powder, and Others. Based on the distribution channel, the market studied is segmented into Supermarkets/Hypermarkets, Pharmacies & Drug Stores, Online Retail Stores, and Other Distribution channels. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
|By Product Type|
|Heart Health Supplements|
|Bone and Joint Health supplements|
|Digestive Health Supplements|
|Brain Health Supplements|
|By Distribution Channel|
|Pharmacies & Drug Stores|
|Online Retail Stores|
|Other Distribution Channel|
Lifestyle-Related Disease Supplements Market Trends
This section covers the major market trends shaping the Lifestyle-Related Disease Supplements Market according to our research experts:
Growing Demand for Preventive Health Care Products
The changing consumer’s lifestyle and its related impact on the dietary metabolism of the body have resulted in the escalating rate of diseases such as diabetes, obesity, heart disease, and stroke among others. Moreover, the growing working population and hectic lifestyle have made an adverse effect on boosting lifestyle diseases. For example, the insufficient physical activity associated with prolonged sitting hours may lead to digestive health issues involving constipation, bloating, and indigestion. As a result, consumers are largely demanding digestive health supplements to overcome these health issues.
Owing to the result of lifestyle diseases, consumers are more inclined toward a healthy lifestyle and increasingly consume dietary supplements in order to maintain their health conditions even after ages. Heart health and bone health supplement are widely consumed among global consumers due to the increasing prevalence of disease rates. For instance, according to World Health Organization, Cardiovascular diseases are the leading cause of death globally taking an estimated 17.9 million lives each year. Thus, the rising healthcare costs and benefits of preventive healthcare solutions have encouraged consumers to take their health into their own hands, equipping themselves with health information and taking well-informed purchasing decisions on lifestyle-related disease supplements.
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Asia-Pacific is the Fastest Growing Region
The growth in lifestyle-related disease supplements has largely been driven by the increasing incidence of chronic disease rates coupled with growing consumer awareness about health supplements in the region. The increasing disposable income among the population has raised the consumers’ expenditure on health-enhancing products in the region which in turn, drives the market growth. Additionally, the demand for supplements in countries like India, China, and Japan has increased in recent years, owing to the considerable presence of the aging population in such developing countries. For instance, according to the United States Census Bureau, there were an estimated 414 million Asian people age 65 and older, about 20% higher than the total U.S. population (331.4 million) in 2020. The lifestyle-related disease supplements market in the region is anticipated to offer significant investment opportunities, especially for herbal and Ayurveda extract-based products. This is because of the ample availability of raw materials in India and Southeast Asian countries. Moreover, partnerships between old and new players will likely strengthen market growth in these countries.
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Lifestyle-Related Disease Supplements Industry Overview
The global lifestyle-related disease supplements market includes market player such as Amway Corporation, Bayer AG, Nestle SA, Abbott Laboratories, and Herbalife Nutrition Limited among others. The supplements market has a wide scope, considering the existing companies. With prevalent FDA regulations, the leading players have an upper edge and continue to dominate the market. Also, the major global players have a geographical reach and high brand awareness among consumers, giving them an upper hand. Major players in the region have been focusing on innovation as a strategy to strengthen their product portfolio, to cater a wide range of customers, and expand to new regions. For instance, in March 2022, ByHealth, China's supplement brand, launched a collagen joint health product featuring Bioiberica ingredients. The product features native type II collagen branded ingredient Collavant n2 which has been clinically shown to improve knee discomfort and function.
Lifestyle-Related Disease Supplements Market Leaders
Herbalife Nutrition Limited
*Disclaimer: Major Players sorted in no particular order
Lifestyle-Related Disease Supplements Market News
- In July 2022, Infinitus, a leading Chinese herbal health company introduced Li Mai Jain supplements which are formulated to strengthen the bones and joints.
- In February 2022, Amway India launched their nutritional supplements in trendy and convenient formats like favorable gummies and mouth-dissolving jelly strips under its brand Nutrilite. These products support immune health, bone health and overall well-being of the body.
- In January 2020, Herbalife Nutrition launched a new product named beta heart under the heart health segment. The product is specially designed to maintain the cholesterol level in the blood.
Lifestyle-Related Disease Supplements Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Heart Health Supplements
5.1.2 Bone and Joint Health supplements
5.1.3 Digestive Health Supplements
5.1.4 Brain Health Supplements
5.1.5 Other Supplements
5.2 By Form
5.3 By Distribution Channel
5.3.2 Pharmacies & Drug Stores
5.3.3 Online Retail Stores
5.3.4 Other Distribution Channel
5.4 By Geography
5.4.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.4.4 South America
188.8.131.52 Rest of South America
5.4.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Abbott Laboratories
6.3.2 Bayer AG
6.3.3 Amway Corporation
6.3.4 Nestle SA
6.3.5 Herbalife Nutrition Limited
6.3.6 Otsuka Holdings inc.,
6.3.7 Swanson Health Products
6.3.8 Mega Lifesciences
6.3.9 Nordic Naturals
6.3.10 NOW Health Group Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Lifestyle-Related Disease Supplements Market Research FAQs
What is the study period of this market?
The Lifestyle-Related Disease Supplements Market is studied from 2018 - 2028.
What is the growth rate of Lifestyle-Related Disease Supplements Market?
The Lifestyle-Related Disease Supplements Market is growing at a CAGR of 8.2% over the next 5 years.
Which region has highest growth rate in Lifestyle-Related Disease Supplements Market?
Asia-Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Lifestyle-Related Disease Supplements Market?
North America holds highest share in 2021.
Who are the key players in Lifestyle-Related Disease Supplements Market?
Abbott Laboratories , Bayer AG , Amway Corporation , Nestle SA , Herbalife Nutrition Limited are the major companies operating in Lifestyle-Related Disease Supplements Market.
Lifestyle-Related Disease Supplements Industry Report
Statistics for the 2023 Lifestyle-Related Disease Supplements market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Lifestyle-Related Disease Supplements analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.