The global market discussion on otc vitamins & dietary supplements industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “OTC Vitamins & Dietary Supplements Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on otc vitamins & dietary supplements market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.
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According to the recently conducted study by Fact.MR, the global market for OTC vitamins and dietary supplements market is set to expand at 6.7% CAGR during the forecast period (2017-2022) to surpass a valuation of US$ 97,688 Mn. OTC vitamin and dietary supplement products. Over-the-counter (OTC) vitamins and dietary supplements are sold directly to consumers without any medical prescription. In many countries, OTC vitamins and dietary supplement products are regulated to ensure that they are effective and safe when used. Drug regulatory bodies allow manufacturers to formulate vitamin ingredients or combination of ingredients that are well tolerated and do not pose any risk of side effects or reactions. In recent years, the healthcare sector has witness exponential growth, which has reflected positively on the global market for OTC vitamins and dietary supplements. Sales of such products have also increased in emerging countries such as China, India and Brazil primarily owing to the growing consumer awareness regarding the health benefits of such products. Convenience of direct purchase, cost-efficiency and growing trends of self-treatment are additional factors expected fuel the growth of the market. Moreover, manufacturers are also concentrating on developing advanced product formulations in order to improve their functionalities.
North America’s Leadership in Global OTC Vitamins and Dietary Supplement Market to Remain Unchallenged
The market for OTC vitamins and dietary supplements in North America is expected to remain highly lucrative during the forecast period. Currently, the region accounts for the largest share of the global market in terms of value. This is primarily owing to soaring demand for OTC drugs particularly in the U.S. Meanwhile, the market in Asia Pacific excluding Japan (APEJ) is also expected to witness an impressive growth over the forecast period (2017-2022). By 2017-end, Europe is estimated to account for more than 31% revenue share of the global market.
By function, use of OTC vitamins and dietary supplements will be robust for the general well-being of the body. Throughout the forecast period, global revenue from sales of OTC vitamins and dietary supplements for general well-being will continue to exhibit strong growth.
Pharmacies will remain the leading OCT channel for OTC vitamins and dietary supplements in 2017 and beyond. Pharmacies currently account for more than one-fourth share of the global market in terms of revenue. However, this OTC channel segment of the market is expected to lose 141 BPS toward the end of the forecast period.
Based on product form, global sales of OTC vitamin and dietary supplements capsules are expected to remain relatively higher over 2022. Close to US$ 33 Bn worth of capsules are expected to be consumed worldwide by the end of the forecast period.
The global OTC vitamins and dietary supplements market remains highly competitive with several leading companies partaking in it, which include BASF SE, DuPont, Koninklijke DSM N.V., Archer Daniels Midland Company., Lonza Group Ltd, Jubilant Life Sciences Limited, Atrium Innovations, Inc., Sanofi S.A., Pfizer, Inc., GlaxoSmithKline plc, Dil Limited., Reckitt Benckiser LLC, CSPC Pharmaceutical Group Limited., Otsuka Holdings Co. Ltd., and Bactolac Pharmaceutical, Inc.
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Table of Content:
Chapter 1. Global OTC Vitamins and Dietary Supplements Market – Executive Summary. 30
Chapter 2. Global OTC Vitamins and Dietary Supplements Market Overview. 32
2.1. Introduction. 32
2.1.1. Global OTC Vitamins and Dietary Supplements Market Taxonomy. 32
2.1.2. Global OTC Vitamins and Dietary Supplements Market Definition. 32
2.2. Global OTC Vitamins and Dietary Supplements Market Size (US$ Mn) and Forecast, 2012-2022. 33
2.2.1. Global OTC Vitamins and Dietary Supplements Market Y-o-Y Growth. 33
2.3. Global OTC Vitamins and Dietary Supplements Market Dynamics. 33
2.4. Supply Chain. 34
2.5. Epidemiology. 34
2.6. List of Distributors. 34
2.7. Average Pricing Analysis. 35
2.8. Regulations. 35
2.9. Key Participants Market Presence (Intensity Map) By Region. 35
Chapter 3. Global OTC Vitamins and Dietary Supplements Market Analysis and Forecast By Function. 36
3.1. Global OTC Vitamins and Dietary Supplements Market Size and Forecast By Function, 2012-2022. 36
3.1.1. Immune Health OTC Vitamins and Dietary Supplements Market Size and Forecast, 2012-2022. 36
22.214.171.124. Revenue (US$ Mn) Comparison, By Region. 36
126.96.36.199. Market Share Comparison, By Region. 38
188.8.131.52. Y-o-Y growth Comparison, By Region. 38
3.1.2. Digestive Health OTC Vitamins and Dietary Supplements Market Size and Forecast, 2012-2022. 39
184.108.40.206. Revenue (US$ Mn) Comparison, By Region. 39
220.127.116.11. Market Share Comparison, By Region. 41
18.104.22.168. Y-o-Y growth Comparison, By Region. 41
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