The global dietary supplements market will project a CAGR of 8.72% for the forecast period of 2022-2029, according to a study by Data Bridge Market Research. Growth and expansion of the food and beverages industry, growing focus on innovations in the food and beverages sector, rising consciousness towards supplements that promote good health, surging prevalence of chronic diseases and disorders such as diabetes, and high blood pressure and increasing personal disposable income by the major companies are the major factors attributable to the growth of dietary supplements market.
Rising personal disposable income and growing consumer consciousness towards advantages of dietary supplements are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies and ever-rising global participation in all kinds of sports are acting as market growth determinants. Improving distribution channels, rising number of sports complexes and gymnasiums, rising customer interest in balanced diet, ever-rising prevalence of obesity, surging health consciousness among consumers and changing tastes and preferences of consumers will further induce growth in the market value.