Global Multivitamin Capsules And Tablets Market Size, Forecasts, And Opportunities – Includes Vitamin Industry Trends
Learn about the global multivitamin capsules and tablets market through The Business Research Company, which provides information on multivitamin capsules and tablets market size, multivitamin capsules and tablets market drivers and restraints, multivitamin capsules and tablets market players, the COVID-19 impact on the multivitamin capsules and tablets market, and more.
The global multivitamin capsules and tablets market size is expected to grow from $18.24 billion in 2021 to $19.98 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. The change in the multivitamin capsules and tablets market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $27.33 billion in 2026 at a CAGR of 8.1%.
Increasing health consciousness among individuals is driving the market for multivitamin capsules and tablets.
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The multivitamin capsules and tablets market consists of sales of multivitamin capsules and tablets by entities (organizations, sole traders, and partnerships) that produce multivitamin capsules and tablets which are used to provide vitamins. Multivitamins tablets and capsules are a combination of many different vitamins that are normally found in foods and other natural sources. Multivitamins are used to treat vitamin deficiencies that are caused by illness, pregnancy, poor nutrition, digestive disorders, and different other conditions.
Global Multivitamin Capsules And Tablets Market Segments Include:
By Type: Multivitamins Tablets, Multivitamins Capsules
By Distribution Channel: Store Based, Non-Store Based
By Application: Energy and Weight Management, General Health, Bone and Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Others
By End-User: Adults, Geriatric, Pregnant Women, Children, Infants
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the multivitamin capsules and tablets market in 2021.
Shifting consumer focus towards flavored gummy vitamins for all ages is shaping the multivitamin capsules and tablets market. Consumers are searching for more convenient and entertaining supplement experiences, which will lead to a move toward flavored gummy vitamins.
Major Market Players: Herbalife Nutrition, Abbott Laboratories, Bayer, Nature’s Bounty Co., Bionova Lifesciences, Ayanda GmbH, NutraMarks Inc, American Health Inc, Otsuka Holdings Co. Ltd. and Nature’s Way Products.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Multivitamin Capsules And Tablets Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides multivitamin capsules and tablets market overviews, analyzes and forecasts market size, share, multivitamin capsules and tablets market players, multivitamin capsules and tablets market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s multivitamin capsules and tablets market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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