United States Nutritional Supplements Market Size Expands at Healthy 6.5% CAGR to Touch USD 265 Million by 2030

Published | 07 October 2024

United States Nutritional Supplements Market is thriving due to growing health awareness and fitness trends among increasingly aging population, a rising demand for personalized nutrition, and a heightened focus on preventive healthcare solutions.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Nutritional Supplements Market size by value at USD 170.40 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Nutritional Supplements Market size to expand at a CAGR of 6.50% reaching a value of USD 264.90 million by 2030. United States Nutritional Supplements Market is driven by rising health awareness, an increasing demand for personalized nutrition, and the growing aging population seeking preventive healthcare. Additionally, the popularity of fitness and wellness trends, along with expanding e-commerce platforms, has fueled supplement accessibility. The market also benefits from innovations in product formulations, such as plant-based and organic supplements, addressing consumer preferences for clean-label and natural products. The COVID-19 pandemic further boosted demand for immunity-boosting supplements, strengthening the growth of United States Nutritional Supplements Market.

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Opportunity – Development of New and Innovative Nutritional Supplements

United States Nutritional Supplements Market is witnessing growth due to the continuous development of innovative products tailored to specific health needs. Companies are introducing supplements with enhanced bioavailability, personalized formulations, and advanced delivery systems like gummies, powders, and liquids. An increasing consumer demand for plant-based, organic, and clean-label supplements further drives innovation. Additionally, scientific advancements and research into functional ingredients, such as probiotics, adaptogens, and nootropics, are contributing to the expansion of the market.

Impact of Escalating Geopolitical Tensions on United States Nutritional Supplements Market

Escalating geopolitical tensions could impact the development of innovative nutritional supplements and their launch in the United States Nutritional Supplements Market by disrupting global supply chains, leading to shortages of key ingredients and raw materials. Heightened tariffs, trade restrictions, and political instability increase production costs and delay research and development timelines. Additionally, regulatory uncertainties and strained international collaborations hinder innovation. These factors force manufacturers to seek domestic alternatives, potentially limiting the diversity of ingredients and slowing down the introduction of cutting-edge nutritional products.

E-commerce Leading Distribution Channel in the US Market

The E-commerce segment accounts for the largest market share of United States Nutritional Supplements Market by distribution channel. The growth of e-commerce sector in the market is expected to be driven by consumer preference for the convenience of online shopping, a wider variety of product choices, and competitive pricing. E-commerce platforms provide easy access to detailed product information and customer reviews, further encouraging online purchases. While supermarkets and pharmacies remain significant, the rapid expansion of digital retailing has positioned E-commerce as the leading channel in United States Nutritional Supplements Market.

Competitive Landscape

United States Nutritional Supplements Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Amway, Herbalife, Abbott Laboratories, Pfizer, Glanbia, Cargill, Bayer, Archer-Daniels-Midland, DuPont-de-Nemours, and Nestlé. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Nutritional Supplements Market.

Don’t miss the business opportunity United States Nutritional Supplements Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Nutritional Supplements Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Nutritional Supplements Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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