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Supplements Market in US 2024-2028

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    Report

  • 139 Pages
  • June 2024
  • Region: United States
  • TechNavio
  • ID: 5027224
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The supplements market in US is forecasted to grow by USD 18.91 billion during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the supplements market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising awareness through social media marketing, growing urban population, and increasing number of sales outlets.

The supplements market in US is segmented as below:

By Product

  • Vitamins
  • Sports nutrition
  • Herbal and botanical supplement
  • Meal replacement supplement

By Distribution Channel

  • Retail outlets
  • Online stores

By Geographical Landscape

  • North America
This study identifies the increasing participation in sports and fitness activities as one of the prime reasons driving the supplements market in US growth during the next few years. Also, increased online sales and rise in healthcare costs will lead to sizable demand in the market.

The report on the supplements market in US covers the following areas:

  • Supplements market in US sizing
  • Supplements market in US forecast
  • Supplements market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading supplements market in US vendors that include Akorn Operating Co. LLC, Amway Corp., Cyanotech Corp., ECNutra, Glanbia plc, GNC Holdings LLC, Gotham Cigars, Herbalife International of America Inc., Liquid Health Inc., Lonza Group Ltd., Mondelez International Inc., Nestle SA, Paragon Laboratories, Pfizer Inc., PipingRock Health Products LLC, Reckitt Benckiser Group Plc, SDC Nutrition Inc., Superior Supplement Manufacturing LLC, Supplement Manufacturing Partner, and Vitakem Nutraceutical Inc. Also, the supplements market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Supplements Market in US 2018 - 2022
Historic Market Size - Data Table on Supplements Market in US 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Distribution Channel segment analysis 2018 - 2022
Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 Vitamins - Market size and forecast 2023-2028
Chart on Vitamins - Market size and forecast 2023-2028 ($ million)
Data Table on Vitamins - Market size and forecast 2023-2028 ($ million)
Chart on Vitamins - Year-over-year growth 2023-2028 (%)
Data Table on Vitamins - Year-over-year growth 2023-2028 (%)
6.4 Sports nutrition - Market size and forecast 2023-2028
Chart on Sports nutrition - Market size and forecast 2023-2028 ($ million)
Data Table on Sports nutrition - Market size and forecast 2023-2028 ($ million)
Chart on Sports nutrition - Year-over-year growth 2023-2028 (%)
Data Table on Sports nutrition - Year-over-year growth 2023-2028 (%)
6.5 Herbal and botanical supplement - Market size and forecast 2023-2028
Chart on Herbal and botanical supplement - Market size and forecast 2023-2028 ($ million)
Data Table on Herbal and botanical supplement - Market size and forecast 2023-2028 ($ million)
Chart on Herbal and botanical supplement - Year-over-year growth 2023-2028 (%)
Data Table on Herbal and botanical supplement - Year-over-year growth 2023-2028 (%)
6.6 Meal replacement supplement - Market size and forecast 2023-2028
Chart on Meal replacement supplement - Market size and forecast 2023-2028 ($ million)
Data Table on Meal replacement supplement - Market size and forecast 2023-2028 ($ million)
Chart on Meal replacement supplement - Year-over-year growth 2023-2028 (%)
Data Table on Meal replacement supplement - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Distribution Channel
7.1 Market segments
Chart on Distribution Channel - Market share 2023-2028 (%)
Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
7.3 Retail outlets - Market size and forecast 2023-2028
Chart on Retail outlets - Market size and forecast 2023-2028 ($ million)
Data Table on Retail outlets - Market size and forecast 2023-2028 ($ million)
Chart on Retail outlets - Year-over-year growth 2023-2028 (%)
Data Table on Retail outlets - Year-over-year growth 2023-2028 (%)
7.4 Online stores - Market size and forecast 2023-2028
Chart on Online stores - Market size and forecast 2023-2028 ($ million)
Data Table on Online stores - Market size and forecast 2023-2028 ($ million)
Chart on Online stores - Year-over-year growth 2023-2028 (%)
Data Table on Online stores - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ million)
Data Table on Market opportunity by Distribution Channel ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Akorn Operating Co. LLC
Akorn Operating Co. LLC - Overview
Akorn Operating Co. LLC - Product / Service
Akorn Operating Co. LLC - Key offerings
11.4 Amway Corp.
Amway Corp. - Overview
Amway Corp. - Product / Service
Amway Corp. - Key news
Amway Corp. - Key offerings
11.5 Cyanotech Corp.
Cyanotech Corp. - Overview
Cyanotech Corp. - Product / Service
Cyanotech Corp. - Key offerings
11.6 ECNutra
ECNutra - Overview
ECNutra - Product / Service
ECNutra - Key offerings
11.7 Glanbia plc
Glanbia plc - Overview
Glanbia plc - Business segments
Glanbia plc - Key news
Glanbia plc - Key offerings
Glanbia plc - Segment focus
11.8 GNC Holdings LLC
GNC Holdings LLC - Overview
GNC Holdings LLC - Product / Service
GNC Holdings LLC - Key news
GNC Holdings LLC - Key offerings
11.9 Gotham Cigars
Gotham Cigars - Overview
Gotham Cigars - Product / Service
Gotham Cigars - Key offerings
11.10 Herbalife International of America Inc.
Herbalife International of America Inc. - Overview
Herbalife International of America Inc. - Product / Service
Herbalife International of America Inc. - Key news
Herbalife International of America Inc. - Key offerings
11.11 Liquid Health Inc.
Liquid Health Inc. - Overview
Liquid Health Inc. - Product / Service
Liquid Health Inc. - Key offerings
11.12 Lonza Group Ltd.
Lonza Group Ltd. - Overview
Lonza Group Ltd. - Business segments
Lonza Group Ltd. - Key news
Lonza Group Ltd. - Key offerings
Lonza Group Ltd. - Segment focus
11.13 Mondelez International Inc.
Mondelez International Inc. - Overview
Mondelez International Inc. - Business segments
Mondelez International Inc. - Key news
Mondelez International Inc. - Key offerings
Mondelez International Inc. - Segment focus
11.14 Nestle SA
Nestle SA - Overview
Nestle SA - Business segments
Nestle SA - Key news
Nestle SA - Key offerings
Nestle SA - Segment focus
11.15 Paragon Laboratories
Paragon Laboratories - Overview
Paragon Laboratories - Product / Service
Paragon Laboratories - Key offerings
11.16 SDC Nutrition Inc.
SDC Nutrition Inc. - Overview
SDC Nutrition Inc. - Product / Service
SDC Nutrition Inc. - Key offerings
11.17 Supplement Manufacturing Partner
Supplement Manufacturing Partner - Overview
Supplement Manufacturing Partner - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
13.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Supplements Market in US 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Product - Market share 2023-2028 (%)
Exhibits 28: Data Table on Product - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Product
Exhibits 30: Data Table on Comparison by Product
Exhibits 31: Chart on Vitamins - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Vitamins - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Vitamins - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Vitamins - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Sports nutrition - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Sports nutrition - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Sports nutrition - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Sports nutrition - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Herbal and botanical supplement - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Herbal and botanical supplement - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Herbal and botanical supplement - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Herbal and botanical supplement - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Meal replacement supplement - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Data Table on Meal replacement supplement - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Chart on Meal replacement supplement - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Meal replacement supplement - Year-over-year growth 2023-2028 (%)
Exhibits 47: Market opportunity by Product ($ million)
Exhibits 48: Data Table on Market opportunity by Product ($ million)
Exhibits 49: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 50: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 51: Chart on Comparison by Distribution Channel
Exhibits 52: Data Table on Comparison by Distribution Channel
Exhibits 53: Chart on Retail outlets - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Retail outlets - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Retail outlets - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Retail outlets - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Online stores - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Online stores - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Online stores - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Online stores - Year-over-year growth 2023-2028 (%)
Exhibits 61: Market opportunity by Distribution Channel ($ million)
Exhibits 62: Data Table on Market opportunity by Distribution Channel ($ million)
Exhibits 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 64: Impact of drivers and challenges in 2023 and 2028
Exhibits 65: Overview on criticality of inputs and factors of differentiation
Exhibits 66: Overview on factors of disruption
Exhibits 67: Impact of key risks on business
Exhibits 68: Companies covered
Exhibits 69: Matrix on companies position and classification
Exhibits 70: Akorn Operating Co. LLC - Overview
Exhibits 71: Akorn Operating Co. LLC - Product / Service
Exhibits 72: Akorn Operating Co. LLC - Key offerings
Exhibits 73: Amway Corp. - Overview
Exhibits 74: Amway Corp. - Product / Service
Exhibits 75: Amway Corp. - Key news
Exhibits 76: Amway Corp. - Key offerings
Exhibits 77: Cyanotech Corp. - Overview
Exhibits 78: Cyanotech Corp. - Product / Service
Exhibits 79: Cyanotech Corp. - Key offerings
Exhibits 80: ECNutra - Overview
Exhibits 81: ECNutra - Product / Service
Exhibits 82: ECNutra - Key offerings
Exhibits 83: Glanbia plc - Overview
Exhibits 84: Glanbia plc - Business segments
Exhibits 85: Glanbia plc - Key news
Exhibits 86: Glanbia plc - Key offerings
Exhibits 87: Glanbia plc - Segment focus
Exhibits 88: GNC Holdings LLC - Overview
Exhibits 89: GNC Holdings LLC - Product / Service
Exhibits 90: GNC Holdings LLC - Key news
Exhibits 91: GNC Holdings LLC - Key offerings
Exhibits 92: Gotham Cigars - Overview
Exhibits 93: Gotham Cigars - Product / Service
Exhibits 94: Gotham Cigars - Key offerings
Exhibits 95: Herbalife International of America Inc. - Overview
Exhibits 96: Herbalife International of America Inc. - Product / Service
Exhibits 97: Herbalife International of America Inc. - Key news
Exhibits 98: Herbalife International of America Inc. - Key offerings
Exhibits 99: Liquid Health Inc. - Overview
Exhibits 100: Liquid Health Inc. - Product / Service
Exhibits 101: Liquid Health Inc. - Key offerings
Exhibits 102: Lonza Group Ltd. - Overview
Exhibits 103: Lonza Group Ltd. - Business segments
Exhibits 104: Lonza Group Ltd. - Key news
Exhibits 105: Lonza Group Ltd. - Key offerings
Exhibits 106: Lonza Group Ltd. - Segment focus
Exhibits 107: Mondelez International Inc. - Overview
Exhibits 108: Mondelez International Inc. - Business segments
Exhibits 109: Mondelez International Inc. - Key news
Exhibits 110: Mondelez International Inc. - Key offerings
Exhibits 111: Mondelez International Inc. - Segment focus
Exhibits 112: Nestle SA - Overview
Exhibits 113: Nestle SA - Business segments
Exhibits 114: Nestle SA - Key news
Exhibits 115: Nestle SA - Key offerings
Exhibits 116: Nestle SA - Segment focus
Exhibits 117: Paragon Laboratories - Overview
Exhibits 118: Paragon Laboratories - Product / Service
Exhibits 119: Paragon Laboratories - Key offerings
Exhibits 120: SDC Nutrition Inc. - Overview
Exhibits 121: SDC Nutrition Inc. - Product / Service
Exhibits 122: SDC Nutrition Inc. - Key offerings
Exhibits 123: Supplement Manufacturing Partner - Overview
Exhibits 124: Supplement Manufacturing Partner - Key offerings
Exhibits 125: Inclusions checklist
Exhibits 126: Exclusions checklist
Exhibits 127: Currency conversion rates for US$
Exhibits 128: Research methodology
Exhibits 129: Information sources
Exhibits 130: Data validation
Exhibits 131: Validation techniques employed for market sizing
Exhibits 132: Data synthesis
Exhibits 133: 360 degree market analysis
Exhibits 134: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global supplements market in us: Akorn Operating Co. LLC, Amway Corp., Cyanotech Corp., ECNutra, Glanbia plc, GNC Holdings LLC, Gotham Cigars, Herbalife International of America Inc., Liquid Health Inc., Lonza Group Ltd., Mondelez International Inc., Nestle SA, Paragon Laboratories, Pfizer Inc., PipingRock Health Products LLC, Reckitt Benckiser Group Plc, SDC Nutrition Inc., Superior Supplement Manufacturing LLC, Supplement Manufacturing Partner, and Vitakem Nutraceutical Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing participation in sports and fitness activities."

According to the report, one of the major drivers for this market is the rising awareness through social media marketing.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Akorn Operating Co. LLC
  • Amway Corp.
  • Cyanotech Corp.
  • ECNutra
  • Glanbia plc
  • GNC Holdings LLC
  • Gotham Cigars
  • Herbalife International of America Inc.
  • Liquid Health Inc.
  • Lonza Group Ltd.
  • Mondelez International Inc.
  • Nestle SA
  • Paragon Laboratories
  • Pfizer Inc.
  • PipingRock Health Products LLC
  • Reckitt Benckiser Group Plc
  • SDC Nutrition Inc.
  • Superior Supplement Manufacturing LLC
  • Supplement Manufacturing Partner
  • Vitakem Nutraceutical Inc.