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Dietary supplement sales expected to be strong at drug stores and pharmacies through 2025
VALLEY COTTAGE, N.Y. — Sales of dietary supplements at pharmacies and drug stores are expected to grow by a robust global compound annual growth rate of 7.6% in terms of value during the 2015-2025 period, according to a new report by Future Market Insights.
The FMI report, entitled “Dietary Supplements Market: Global Industry Analysis and Opportunity Assessment, 2015-2025,” expects the overall global dietary supplements market to register a healthy 7.4% CAGR over the 11-year period, with North America contributing an increase of 7.2% on a CAGR basis. The global dietary supplements market is expected to grow by $252.1 billion from 2015-2025, the report adds.
The greatest source of strength will sports nutrition, a segment that will grow by 8.9% in the dietary supplements market over the forecast period.
The report also states both the vitamins and minerals segment and soft gels/pills segment are expected to “retain” their “dominance through 2025,” and the women’s segment of dietary supplements will be “the major contributor in terms of value in the dietary supplements market over the forecast period.”
The general wellbeing segment is also expected to be solid, with a forecast of CAGR of 6.9% over the forecast period, with general wellbeing and weight loss segments “expected to contribute maximum revenue shares to the global market over the forecast period.”
For more information about the report, click here.