Natural Health Supplements Market: Food Sales Outlets to Grow at 8.2% CAGR by 2024
According to a recently published report by Persistence Market Research reveals that the global market of natural health supplements will register a CAGR growth of 8% during the predicted period.
New York, NY -- (SBWire) -- 08/31/2017 --Increasing prevalence of diseases due to unhealthy lifestyle has led to an upsurge in demand for preventive healthcare. Growing demand for healthy lifestyle has impacted growth of the global natural health supplements positively.
Surge in demand for healthy lifestyle has impacted growth of the global market of natural health supplements significantly. Surge in prevalence of various lifestyle diseases has further revved up consumption of natural health supplements in the healthcare industry globally. Moreover, growing financial support and by the government has revved up demand for natural health supplements globally. Such factors are likely to contribute towards growth of the global natural supplements market during the predicted period.
Consumption of natural health supplements as a direct medication practice among customers is predicted to boost demand for natural health supplements in the global market. Furthermore, increasing geriatric population prone to joint and bone disorders has revved up demand for natural health supplements in the healthcare industry significantly. Such factors are likely to contribute towards growth of the global market of natural health supplements positively.
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Women among other consumers are likely to represent a leading segment in the global market of natural health supplements. This segment is expected to account for more than 40% of the global market of natural health supplements revenue by 2021 – end. Marine among other sources is expected to represent a relatively high market share of nearly 43% in the global market of natural health supplements during the predicted period. Marine segment is expected to reflect a growth of 8.6% CAGR through 2024.
Moreover, this segment is expected to represent over US$ 14,600 Mn in the global market during the projected period. Mass merchandize is predicted to remain a major segment among various sales channel in the global market of natural health supplements.
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Sales through direct channel and natural and health food outlets is expected to reflect a health CAGR growth of 8.2% in the global market of natural health supplements throughout 2024. Tablets among other forms of natural health supplement products is expected to witness significant demand, however this segment is predicted to lose traction in the global market of natural health supplements throughout 2024.
Softgels and capsules among other products forms is expected to witness significant demand in the global market of natural health supplements. These segments are likely to reflect growth of 8.5% and 8% CAGR respectively in the global market of natural health supplements during the predicted period.
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APAC among various regions is expected to represent a relatively high growth in terms of revenue. The market in this region is expected to register a relatively fast growth in terms of revenue, and is expected to register 8.5% CAGR in the global market of natural health supplements through 2024. By the end of 2024, North America is predicted to represent a profitable market for natural health supplements globally. U.S. and Canada are expected to represent more than US$ 22 Bn.
Key market players in the global market of natural health supplements include Evonik Industries AG, Omega Protein Corporation, Herbalife International Inc., Amway Corporation, Archer Daniels Midland Company, The Nature's Bounty Co., Naturex SA, Nutraceutical International Corporation, Blackmores Limited, and United Naturals Food, Inc.
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