The global vitamins and supplements market size was valued at USD 108.4 Billion in 2021 and is expected to register a CAGR of 6.7% during the forecast period, according to the latest analysis by Emergen Research. The market growth is driven by increasing consumer awareness regarding the benefits of vitamins and supplements, rising health concerns, and the growing aging population across the globe.
The market growth is further boosted by the growing geriatric population, who require additional supplements to support their aging bodies. According to the United Nations, the number of people aged 65 years and above is expected to double from 703 million in 2019 to 1.5 billion by 2050. This demographic shift is expected to drive the demand for vitamins and supplements in the coming years.