Dietary Supplements Market Size, Share, and Growth Forecast, 2032

In 2023, the global dietary supplements market was valued at USD 86.77 billion. It is forecast to grow from USD 93.46 billion in 2024 to USD 182.52 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.73% over the 2024–2032 period. Asia Pacific held the largest share of the global market in 2023, contributing 41.97% to total revenue.

Dietary supplements—comprising one or more nutritional ingredients—are gaining widespread popularity. The surge in demand is largely driven by a rising interest in sports nutrition, performance-enhancing products, and greater focus on meeting daily micronutrient needs. As consumers increasingly prioritize overall health and wellness, the market continues to grow rapidly.

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Market Segmentation

Vitamins dominate the dietary supplements market due to their widespread use in addressing nutritional deficiencies and promoting overall health across diverse populations. The market is segmented by type into vitamins, enzymes, fatty acids, proteins, minerals, and others, with vitamins leading the segment in 2023. In terms of form, supplements are available as tablets, capsules, powders, and liquids. Tablets hold the largest market share because of their cost-effectiveness, extended shelf life, and ease of storage and distribution. Application-wise, the market includes categories such as energy & weight management, bone & joint health, immunity, cardiac health, brain & mental health, general health, healthy aging, and skin/hair/nails. General health remains the most prominent application segment, fueled by growing consumer awareness about preventive healthcare and long-term wellness.

End-user segmentation comprises adults, children, the elderly, and pregnant women, with adults representing the largest group. This dominance is attributed to increasing health consciousness and the rising use of supplements for wellness, fitness, and performance enhancement. Regarding distribution channels, the market is segmented into pharmacies, online platforms, supermarkets/hypermarkets, and others. Pharmacies continue to lead the segment, as consumers value professional guidance and trust when purchasing dietary supplements.

Regional Insights

The global market spans key regions including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Drivers and Challenges

Preventive Healthcare Trends Fuel Market Growth

A growing focus on preventive health amid the rise of chronic diseases and aging populations is driving market demand. The sector also benefits from innovations and the growing presence of both established players and new entrants. However, the relatively high cost of dietary supplements remains a barrier in price-sensitive regions.

Regional Outlook

Asia Pacific Expected to Register Highest Growth Rate

Asia Pacific is projected to achieve the fastest CAGR of 8.50% through 2032, supported by growing consumer awareness and rising demand for wellness-oriented products. North America is also experiencing steady growth, fueled by the increasing prevalence of lifestyle-related conditions like obesity and diabetes.

Competitive Landscape

Companies Broaden Product Portfolios to Stay Competitive

To stay ahead in a competitive market, major players are expanding their product lines and enhancing marketing and production capabilities. Nestlé S.A., for example, is heavily investing in product development and branding to meet rising global demand.

Key Market Participants:

Amway Corp (U.S.)

Abbott (U.S.)

Nestlé S.A. (Switzerland)

Herbalife Nutrition Ltd. (U.S.)

Archer Daniels Midland Company (U.S.)

Glanbia Nutritionals (U.S.)

Otsuka Holdings Co. Ltd. (Japan)

Arkopharma (France)

Pfizer Inc. (U.S.)

GlaxoSmithKline plc (U.K.)

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Industry Update

November 2023: Abbott introduced a new PediaSure variant enhanced with the Nutri-Pull system, which includes key nutrients such as vitamin D, vitamin C, vitamin K2, and casein phosphopeptides (CPPs). The product aims to support the nutritional needs and healthy development of children.