According to a new report, published by KBV research, The Global Vitamin Patches Market size is expected to reach $714.96 million by 2031, rising at a market growth of 15.4% CAGR during the forecast period.
The Vitamin D Patches segment captured the maximum revenue in the Global Vitamin Patches Market by Product in 2023, thereby, achieving a market value of $242.0 million by 2031. This growth can be attributed to the increasing awareness of vitamin D deficiency and its associated health risks, such as weakened immune function, bone disorders, and fatigue. Vitamin D patches offer a convenient, non-invasive alternative to oral supplements, ensuring efficient absorption through the skin.
The OTC segment is experiencing a CAGR of 15 % during the forecast period. This segment's dominance is driven by the increasing consumer preference for easily accessible, non-prescription health supplements. Over-the-counter vitamin patches offer convenience, affordability, and ease of use, making them a popular choice among health-conscious individuals.
The Online segment led the maximum revenue in the Global Vitamin Patches Market by Distribution Channel in 2023, thereby, achieving a market value of $232.3 million by 2031. This dominance is attributed to the increasing consumer preference for e-commerce platforms, which offer convenience, various products, and competitive pricing. Online retail channels provide easy access to vitamin patches, allowing customers to compare brands, read reviews, and make informed purchasing decisions.
The General Wellness & Nutrition segment is growing at a CAGR of 13.4 % during the forecast period. This growth is driven by the increasing consumer focus on maintaining overall health and well-being through convenient supplementation. Vitamin patches in this segment provide essential nutrients that support daily nutritional needs, making them popular among individuals looking for hassle-free, effective alternatives to traditional pills or capsules.
Full Report: https://www.kbvresearch.com/vitamin-patches-market/
The North America region dominated the Global Vitamin Patches Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $290.0 million by 2031. The Europe region is anticipated to grow at a CAGR of 15% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 16.1% during (2024 - 2031).
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