North America Vitamin Supplements Market

North America Vitamin Supplements Market By Form (Tablets, Capsules, Gummies, Softgels, Powder, and Others), By Distribution Channel (Offline and Online), By Type (Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027

Report Id: KBV-7356 Publication Date: January-2022 Number of Pages: 85
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Market Report Description

The North America Vitamin Supplements Market would witness market growth of 6.6% CAGR during the forecast period (2021-2027).

The rising shift towards “Prevention is better than cure” is proportionately increasing the awareness about health and wellness among the consumers. As a result, the number of consumers that prefer to consume vitamin supplements, nutraceuticals, and functional foods is constantly increasing. In the last couple of years, vitamin supplements have gained massive traction due to their pharmaceutical and nutritional advantages. In addition, these supplements can be safely consumed with minimum side effects which further increase their adoption among the consumers.

North America is home to affluent population and well-built healthcare infrastructure. The consumers in the region are demanding products with low-calorie content and impressive nutritional value, which would fuel the growth of the regional vitamin supplements market during the forecasting period.

Due to the worsening of the COVID-19 pandemic in North America in 2020, the demand for vitamins supplements is spurring due to the assumption that vitamins can fight against the deadly infection. However, there is no scientific proof, the consumers increased the consumption of supplements. Moreover, the high accessibility to online portals and websites that focus on health would increase the awareness of wellbeing and prevention among the consumers. Hence, these factors are anticipated to unlock growth avenues for the players operating in the regional vitamin supplements market during the forecasting period.

The US market dominated the North America Vitamin Supplements Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $19.72 billion by 2027. The Canada market is estimated to witness a CAGR of 9% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 8% during (2021 - 2027).

Based on the Form, the Vitamin Supplements market is segmented into Tablets, Capsules, Gummies, Softgels, Powder, and Others. Based on the Distribution Channel, the Vitamin Supplements market is divided into Offline and Online. Based on the Type, the Vitamin Supplements market is segregated into Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Vitamin Supplements Market is Estimated to Reach USD 74.27 billion by 2027 at a CAGR of 8.0%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Alticor Inc. (Amway Corporation), NOW Foods, Inc., Glanbia PLC, GlaxoSmithKline PLC (GSK), Pfizer, Inc., Bayer AG, Good Health New Zealand, Herbalife International, Inc., and The Bountiful Company (Nestlé SA).

Scope of the Study

Market Segments Covered in the Report:

By Form

  • Tablets
  • Capsules
  • Gummies
  • Softgels
  • Powder
  • Others

By Distribution Channel

  • Offline
  • Online

By Type

  • Multivitamin
  • Vitamin A
  • Vitamin B
  • Vitamin C
  • Vitamin D
  • Vitamin E
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Abbott Laboratories
  • Alticor Inc. (Amway Corporation)
  • NOW Foods, Inc.
  • Glanbia PLC
  • GlaxoSmithKline PLC (GSK)
  • Pfizer, Inc.
  • Bayer AG
  • Good Health New Zealand
  • Herbalife International, Inc.
  • The Bountiful Company (Nestlé SA)
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