Overview of Dietary Supplements Market Growth
The dietary supplements market is growing significantly and is projected to reach $325 billion by 2030. Asia Pacific leads the market, with North America also experiencing substantial growth. Online sales have the highest revenue share, driven by increasing awareness of supplements.
Trends in Sports Nutrition
In 2022, the sports nutrition market reached $42.9 billion, with 42.3% attributed to supplement sales. This market is expected to grow to $87.6 billion in the next decade, with a focus on sports powders and key ingredients like vitamins, amino acids, and probiotics.
Forecast for the Supplement Industry
The global dietary supplements market is forecasted to reach $278 billion by 2024, showing exponential growth from $140 billion in 2018. Asia Pacific is set to lead market expansion, with North America also seeing significant growth. Key product segments include vitamins, amino acids, probiotics, and more.