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Global Multivitamin Capsules & Tablets Market Research Report Forecast till 2025
Market
Multivitamin Capsules & Tablets Market is evaluated to register the highest CAGR of 6.33% to reach USD 20,706.3 Million during the review period. Multivitamin capsules and tablets are used to treat vitamin deficiencies that occur due to some major diseases or illness, pregnancy, poor nutrition, digestive disorders, and many other conditions. These multivitamins are available in many forms, including tablets, capsules, chewable gummies, powders, and liquids however the capsules and tablets are more popular. The consumption of multivitamins under the doctor’s prescription reduces risks of diseases, supports bone health, enhances immunity, and provides energy and brain support.
The global multivitamin and capsules market is projected to proclaim a significant lift owing to the rising occurrence of vitamin deficiencies due to lack of nutrients in the daily diet, increasing health consciousness and support to take multivitamin tablets by fitness centers and health club. The hectic lifestyles, the habit of not taking a proper meal on time, increased consumption of fast food and processed food lead to an increase in the intake of multivitamin tablets. However, the distributors of these tablets with cheaper rate by local distributors and the side effects caused by overconsumption of multivitamin capsules and tablets are expected to hinder the global market growth.
Market Segmentation
The global multivitamin capsules and tablets market has been segmented based on end-user, distribution channels, and region.
The end-user segment has been further categorized into men, women, and unisex. The multivitamin consumption of unisex has historically been high with its high availability in the market is expected to reach USD 12,346.1 million during the forecast period. Based on the distribution channel the global market has been classified into store-based and non-store based types. The store-based segment has been further segregated into Supermarkets & Hypermarkets, Specialty Stores, and, others.
Regional Analysis
The region-specific analysis of the global multivitamin capsules and tablets market has been segregated into the Americas, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is likely to drive the largest market share owing to the rising expenditure on multivitamins as a result of increasing health consciousness. In 2018, the region has contributed to the highest market share of 37.45%; however, china led the market for the instance. North America is estimated to contribute to the second largest market share followed by Europe. The US is the leading player of the regional market owing to the high multivitamin consumption community and rising geriatric population. However, the rising health awareness in the people and their growing spending on healthcare products is expected to drive the growth of the multivitamin capsules and tablets market in South America.
Prominent Players
The Major Players operating in the Global Multivitamin Capsules & Tablets Market include 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. (the US).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market
Snapshot
Multivitamin Capsules & Tablets Market is evaluated to register the highest CAGR of 6.33% to reach USD 20,706.3 Million during the review period. Multivitamin capsules and tablets are used to treat vitamin deficiencies that occur due to some major diseases or illness, pregnancy, poor nutrition, digestive disorders, and many other conditions. These multivitamins are available in many forms, including tablets, capsules, chewable gummies, powders, and liquids however the capsules and tablets are more popular. The consumption of multivitamins under the doctor’s prescription reduces risks of diseases, supports bone health, enhances immunity, and provides energy and brain support.
The global multivitamin and capsules market is projected to proclaim a significant lift owing to the rising occurrence of vitamin deficiencies due to lack of nutrients in the daily diet, increasing health consciousness and support to take multivitamin tablets by fitness centers and health club. The hectic lifestyles, the habit of not taking a proper meal on time, increased consumption of fast food and processed food lead to an increase in the intake of multivitamin tablets. However, the distributors of these tablets with cheaper rate by local distributors and the side effects caused by overconsumption of multivitamin capsules and tablets are expected to hinder the global market growth.
Market Segmentation
The global multivitamin capsules and tablets market has been segmented based on end-user, distribution channels, and region.
The end-user segment has been further categorized into men, women, and unisex. The multivitamin consumption of unisex has historically been high with its high availability in the market is expected to reach USD 12,346.1 million during the forecast period. Based on the distribution channel the global market has been classified into store-based and non-store based types. The store-based segment has been further segregated into Supermarkets & Hypermarkets, Specialty Stores, and, others.
Regional Analysis
The region-specific analysis of the global multivitamin capsules and tablets market has been segregated into the Americas, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is likely to drive the largest market share owing to the rising expenditure on multivitamins as a result of increasing health consciousness. In 2018, the region has contributed to the highest market share of 37.45%; however, china led the market for the instance. North America is estimated to contribute to the second largest market share followed by Europe. The US is the leading player of the regional market owing to the high multivitamin consumption community and rising geriatric population. However, the rising health awareness in the people and their growing spending on healthcare products is expected to drive the growth of the multivitamin capsules and tablets market in South America.
Prominent Players
The Major Players operating in the Global Multivitamin Capsules & Tablets Market include 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. (the US).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
