Market Research Future (MRFR) assessed the health supplements market 2020 across the review period till 2023. As per MRFR analysis, the health supplements market can rise at 7.8% CAGR through 2017 to 2023. By 2023, the health supplement market can touch decent valuation. COVID 19 assessment for the heath supplement market is offered in the report.

The increase in awareness about immunity boosting benefits of health supplements among people is expected to support the expansion of the market through the review period. The demand for health supplements is observed to increase in COVID 19, which is expected to support the expansion of the market in the review period. Other cause that can promote the expansion of the Health Supplements Market Growth are urbanization and change in lifestyles, rise in concerns about health, ensuring adherence to diet regimen, and the need to prevent occurrence of diseases.

However, false commitment and negative publicity are observed to be some restraints on the health supplement market. Moreover, issues regarding dosage of these supplements can create issues regarding their consumption, thus can hinder the market rise across the forecast period.

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Market Segmentation

The segment assessment of the global Health Supplements market is done by types, ingredients, application, and end user.

By type, it is segmented into dietary supplements market are eye health supplements, body building supplements, and specialty supplements among others. The increase in sales of body building supplements among gym-savvy populace can support the expansion of the market in the years to come.
By application-based segment of the dietary supplement market are rheumatic disorders, cardiology, and allergy among others. The increase in demand for allergy management health supplements can support the rise of the market.
By ingredients-based segment of the dietary supplement market are amino acids, vitamins & minerals, enzymes, and botanicals among others. The increase in demand for vitamin and minerals supplement can promote the expansion of the market.
By end user-based segment of the dietary supplement market are clinics, hospitals, and research centers among other. The clinic segment can earn decent revenue for the market across the assessment period.
Key Players

BASF SE (Germany), Herblife International (U.S.), Abbott Laboratories (U.S.), E. I. du Pont de Nemours and Company (U.S.), Alticor Inc. (U.S.), Glanbia plc (Republic of Ireland), The Nature's Bounty Co. (U.S.), GlaxoSmithKline Limited (U.K), and Bayer AG (Germany) among others are some reputed names in the health supplements market that are listed by MRFR.

Regional Analysis

The Americas can dominate the health supplements market due to the presence reputed marketers in the region. The introduction of high-quality products and the rise in their popularity among people can catalysed the market expansion through the assessment period. Moreover, the support from government and funding for research are other cause that can boost the expansion of the health supplements market in the years to come. The U.S., following Canada, is expected to earn substantial revenue for the regional market.

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In Europe, the health supplements market can attain global foothold due to the growing awareness about health supplements benefits, easy availability of advanced products, and high healthcare spending. The increase in support from regional government can also bolster the expansion of the market through the review period. The rise in R&D activities can fuel the expansion of the market. In Asia Pacific, the expansion of the health supplements market can be attribute to the rapidly developing healthcare technology and the presence of a large patient pool.

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