Awareness of the importance of a balanced diet for the human body is growing in the public eye. Due to the increasing demand for healthy nutrition and lifestyle, it is expected that this will encourage the consumption of food supplements in the coming years.
The growing demand for healthy nutrition and lifestyle in North America is also expected to drive the growth of the food supplement industry in the near future.
In order to meet the demand for vitamins and minerals, food supplement manufacturers are looking for a larger customer base among the growing population of older people. Coupled with growing consumers, including children and the elderly, the choice of supplements in daily life is expected to drive the growth of the North American dietary supplement industry in the coming years. The market is expected to see a significant increase in demand for food supplements from children, the elderly and people with disabilities.
The Globe and Newswire also reports that the market size of dietary supplements will grow by nearly 70% to $210.3 billion by 2026, while the North American market is expected to grow at an annual rate of 4.5%. The US and Canada, which lead the market for dietary supplements in the United States, Canada and Mexico, could grow by 6-5% by 2024.
North America remains the largest liquid food supplement market in the world due to the increasing dominance of the Energy and Weight Management segment. In 2017, the liquid food supplements market contributed more than 60% of total sales as a share of the market. From 2019, the Energy and Weight Management and Energy, Weight Loss and Energy Recovery segments will dominate the Energy and Weight Management segments in terms of revenue and are expected to grow by 6.75% over the forecast period.