Multivitamin Capsules & Tablets Industry Report 2021: COVID-19 Impact and Recovery to 2027
Market Highlights
Multivitamin Capsules & Tablets Industry is
estimated to be valued at USD 20,706.3 Million by 2025,
exhibiting a CAGR of 6.33% during the forecast
period. Multivitamin capsules & tablets refer to dietary supplements
in the form of capsules & tablets containing various vitamins and other
nutrients essential for the human body.
The Global Multivitamin Capsules & Tablets
Industry is expected to register a notable growth rate during the forecast
period. Increasing health consciousness and the number of fitness centers and
health clubs support the demand for multivitamin capsules and tablets.
Moreover, the market players may benefit from offering multivitamin capsules
and tablets targeted at the female population. However, the side effects
associated with overconsumption of multivitamins are projected to restrain the
growth of the market.
Asia-Pacific was the largest market for multivitamin
capsules & tablets in 2018 and is expected to follow the trend during the
review period. China accounted for 41.22% share of the Asia-Pacific Multivitamin
Capsules & Tablets Industry in 2018, whereas the market in India is
projected to register the highest CAGR during the review
period. The increasing spending on multivitamins as a result of growing
consciousness regarding healthcare among consumers is driving the growth of the
Multivitamin Capsules & Tablets Industry in the region.
The North American market accounted for a significant
share in 2018 of the global Multivitamin Capsules & Tablets Industry. The
US is the major contributor to the growth of the market in the region. The
growing concern regarding vitamin deficiency among the American population,
coupled with increased spending on healthcare, is likely to drive the market
growth in North America.
Regional Analysis
Geographically, the global Multivitamin Capsules
& Tablets Industry has been segregated into North America, Europe,
Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific
accounted for a dominant share of the global market in 2018 with China being
the major consumer of multivitamin capsules & tablets. The North American Multivitamin
Capsules & Tablets Industry also accounted for a significant share in 2018.
With a high focus on preventive healthcare, the consumption of multivitamins is
extremely high in the US. Germany held a significant share of 18.20% of
the European Multivitamin Capsules & Tablets Industry
in 2018. Market growth in Germany can be attributed to increased spending on
multivitamins, particularly by the elderly to prevent health issues. The
rest of the world accounted for 5.06% of the global market share in
2018.
Key Players
Market Research Future recognizes The Nature's
Bounty Co. (US), Glanbia plc (Ireland), Herbalife Nutrition Ltd. (US), Abbott
Laboratories (US), Amway Corp (US), Bayer AG (Germany), GlaxoSmithKline plc
(UK), Otsuka Holdings Co., Ltd (Japan), Nature's Way Products, LLC (US), and Nu
Skin Enterprises, Inc. (US) as the Key Players in the Global Multivitamin
Capsules & Tablets Industry.
Segmental Analysis
The Global Multivitamin Capsules & Tablets
Industry has been segmented on the basis of End User, Distribution Channel, and
Region.
The market, by end user, has been divided into men,
women, and unisex. The unisex segment accounted for the largest
market share in 2018. The consumption of unisex multivitamins has historically
been high. The growth of the segment can be attributed to the increased
consumption of multivitamins to prevent vitamin deficiency caused by poor diet
or illness. However, increasing awareness about the different nutrient
needs based on gender is expected to increase the sale of multivitamin capsules
& tablets for women. Thus, the women segment is projected to exhibit the
highest CAGR during the forecast period.
Based on the distribution channel, the market has
been categorized into store-based and non-store-based. The store-based segment
has further been sub-divided into supermarkets & hypermarkets, specialty
stores, and others. The store-based segment accounted for a larger market share
in 2018 with supermarkets & hypermarkets contributing to the majority of
multivitamin capsules & tablets sales. Consumers prefer store-based
channels as they provide a one-stop shopping experience. However, the
non-store-based segment is expected to record a higher growth rate during the
review period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/multivitamin-capsules-tablets-market-8791
·
The Global Multivitamin Capsules &
Tablets Industry is expected to register a growth rate of 6.33% from 2019 to
2025.
·
The women segment is estimated to
register the highest growth rate of 6.49% during the forecast period.
·
The store-based segment is expected to
hold a larger market share during the forecast period.
NOTE: Our
Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact us:
Market Research Future
(part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
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