Nutritional Supplement is also called dietary ingredient. It consists of proteins, vitamins, aromatic plants, meal sports nutrition, supplements, and other related products. It provides the dietary support to the resistant system improves overall health & energy and reduces the risk of disease.
According to study, “North America Nutritional Supplement Market (2018-2023)” some of the major companies that are currently working in the North America nutritional supplement market are Amway Corporation, Pfizer Inc., GlaxoSmithKline, Abbott Nutritionals, Herbalife International, NBTY Inc., Abbott Laboratories, Archer Daniels Midland Company, GlaxoSmithKline plc, Glanbia, Plc., DuPont De Nemours and Company, Pfizer, Inc., Nutraceutics Inc., Bayer AG, The Carlyle Group. These vendors are focusing on increasing their trade operations by implementing strategies for instance distribution agreements & new product launches.
Based on the type of ingredients, the nutritional supplement market is defined by protein, vitamin, amino acid, enzyme, and botanical supplement. Some substances of these ingredients are included organ tissues, metabolites, enzymes and glandular. Based on application, the market is segmented into medicinal supplements, additional supplements, and sports nutrition. Based on the point of sale, the market is segmented into a hypermarket, supermarket, departmental & retail store, and pharmacies or drug stores etc. Additionally, based on the end-user, the market is defined as adults, old-aged, pregnant women and children.
Many adults take one or more nutritional supplements either every day or occasionally, in the U.S. These supplements include many products such as minerals (iron and calcium), vitamins, herbals & botanicals (echinacea and garlic), enzymes, amino acids, and many other products. All these supplements are present in many forms such as capsule, pill, soft-gels, liquor and traditional tablets.
The Federal Trade Commission (FTC), the Food & Drug Administration (FDA) and the Dietary Supplement Health & Education (DSHEA) are some regulatory agencies of nutritional supplement, in U.S. DSHEA provides assistance on good manufacturing practice (GMP) and labeling standards of nutritional supplements. The FDA issues regulations and rules for dietary supplement marketing, labeling, and safety. In addition, FTC standardizes the advertisement related to dietary supplements.
Some of the key advantages are improved muscle strength & tone, improve energy level & cholesterol level, inferior blood pressure, improve cardiovascular & respiratory function, strengthen fingernails & hair, increase bone thickness, improve memory, reduce wrinkles & age acne, prominent mood & improve sleep, improve immune system strength & curing power and reduce body fat etc. In addition, some of the major side effects are bleeding, headaches, anesthesia, and liver damage; reduce bone strength and nausea & vomiting etc.
The nutritional supplement market is driven by growth in organized retail & e-commerce increasing awareness regarding nutritional care & access to information, hectic lifestyles, the rise in disposable income, increase in lifestyle diseases, foremost to the convenience of the nutritional products in the market and increasing the use of traditional herbal medicines etc. Apart from advantages, some of the major challenges include the high cost of raw substance, lack of accurate standardization and prevalence of counterfeit products and others.
North America is the second major market of nutritional supplement in the world after Asia-Pacific and U.S. is the largest market in North America. In 2018, vitamin supplements hold the largest market share. In upcoming years, it is expected that this market will be grown increasingly due to rising awareness towards nutritional supplement among working professionals.
The nutritional supplement market is driven by growth in organized retail & e-commerce increasing awareness regarding nutritional care & access to information, hectic lifestyles, the rise in disposable income, increase in lifestyle diseases, foremost to the convenience of the nutritional products in the market and increasing the use of traditional herbal medicines etc. Apart from advantages, some of the major challenges include the high cost of raw substance, lack of accurate standardization and prevalence of counterfeit products and others.
North America is the second major market of nutritional supplement in the world after Asia-Pacific and U.S. is the largest market in North America. In 2018, vitamin supplements hold the largest market share. In upcoming years, it is expected that this market will be grown increasingly due to rising awareness towards nutritional supplement among working professionals.
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