The North America Vitamin Supplements Market is expected to witness market growth of 6.6% CAGR during the forecast period (2021-2027).
The rising shift towards “Prevention is better than cure” is proportionately increasing the awareness about health and wellness among the consumers. As a result, the number of consumers that prefer to consume vitamin supplements, nutraceuticals, and functional foods is constantly increasing. In the last couple of years, vitamin supplements have gained massive traction due to their pharmaceutical and nutritional advantages. In addition, these supplements can be safely consumed with minimum side effects which further increase their adoption among the consumers.
North America is home to affluent population and well-built healthcare infrastructure. The consumers in the region are demanding products with low-calorie content and impressive nutritional value, which is expected to fuel the growth of the regional vitamin supplements market during the forecasting period.
Due to the worsening of the COVID-19 pandemic in North America in 2020, the demand for vitamins supplements is spurring due to the assumption that vitamins can fight against the deadly infection. However, there is no scientific proof, the consumers increased the consumption of supplements. Moreover, the high accessibility to online portals and websites that focus on health is expected to increase the awareness of wellbeing and prevention among the consumers. Hence, these factors are anticipated to unlock growth avenues for the players operating in the regional vitamin supplements market during the forecasting period.
The US market dominated the North America Vitamin Supplements Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $19.72 billion by 2027. The Canada market is estimated to witness a CAGR of 9% during (2021 - 2027). Additionally, The Mexico market is expected to showcase a CAGR of 8% during (2021 - 2027).
Based on the Form, the Vitamin Supplements market is segmented into Tablets, Capsules, Gummies, Softgels, Powder, and Others. Based on the Distribution Channel, the Vitamin Supplements market is divided into Offline and Online. Based on the Type, the Vitamin Supplements market is segregated into Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Alticor Inc. (Amway Corporation), NOW Foods, Inc., Glanbia PLC, GlaxoSmithKline PLC (GSK), Pfizer, Inc., Bayer AG, Good Health New Zealand, Herbalife International, Inc., and The Bountiful Company (Nestlé SA).
Scope of the Study
Market Segments Covered in the Report:
By Form
- Tablets
- Capsules
- Gummies
- Softgels
- Powder
- Others
By Distribution Channel
- Offline
- Online
By Type
- Multivitamin
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Alticor Inc. (Amway Corporation)
- NOW Foods, Inc.
- Glanbia PLC
- GlaxoSmithKline PLC (GSK)
- Pfizer, Inc.
- Bayer AG
- Good Health New Zealand
- Herbalife International, Inc.
- The Bountiful Company (Nestlé SA)
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
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- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- Abbott Laboratories
- Alticor Inc. (Amway Corporation)
- NOW Foods, Inc.
- Glanbia PLC
- GlaxoSmithKline PLC (GSK)
- Pfizer, Inc.
- Bayer AG
- Good Health New Zealand
- Herbalife International, Inc.
- The Bountiful Company (Nestlé SA)
Methodology
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