Dietary Supplements Market 2030: The Role of Technology in Product Development
Dietary Supplements Market Size & Trends The global dietary supplements market size was valued at USD 177.50 billion in 2023 and is projected to grow at a CAGR of 9.1% from 2024 to 2030. Rising prevalence of chronic disorders, including obesity, diabetes, heart disease, and cancer, and the busy lifestyles and resultant changes in dietary patterns of consumers are among the key factors driving consumption worldwide. Manufacturers are continuously introducing novel products and formulations targeting specific consumer needs and preferences, such as weight management, sports nutrition, and brain health, among others. Consumers are increasingly made aware of such products and their benefits through effective marketing campaigns, influencer endorsements, and social commerce. The aging population is an irreversible global trend that acts as a critical driving factor for market development. The global population over the age of 65 is a key demographic target for dietary supplement comp...