The healthy aging supplement market is booming due to a
growing elderly population and rising interest in preventive
healthcare. Consumers are increasingly aware of health and
wellness, driving demand for natural supplements that address aging
effects and promote overall well-being. Personalized approaches
fueled by advancements in genetics and wearable technology are
further propelling market growth.
NEWARK,
Del., April 16, 2024 /PRNewswire/ -- According
to Future Market Insights (FMI), the global healthy aging
supplement market is projected to grow substantially,
from US$ 1,406
million in 2024 to US$ 2,161 million by 2034. The market is
set to surge at a notable CAGR of 5.9 % during the
forecast period.
Download the Sample PDF report to explore key market insights
and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19469
Several factors are anticipated to boost growth of the healthy
aging supplement industry during the next ten years. These include
increasing consumer awareness about health and well-being, growing
senior citizen population, and the surging demand for natural and
organic supplements.
The growing geriatric population fuels the market, promoting
healthy aging and addressing age-related fitness concerns. The
current lifestyle, characterized by stress and environmental
factors, propel demand for products that prevent aging effects,
promoting vitality, cognitive ability, and wellbeing.
The United Nations (UN) predicts a significant increase in the
global population aged 65 and above, from 863 million in 2019 to at
least 1.7 billion by 2050. The demographic transition presents a
substantial market for products and services catering to older
individuals' unique needs and preferences, particularly those
seeking healthy aging and durability.
The healthy aging supplement industry is poised for significant
growth due to the rise of personalized vitamins and fitness
products. Developments in genetic research and personalized
medicine allow for a more personalized approach to fitness goals,
enhancing the efficacy of these supplements by providing tailored
solutions to individual needs.
Integrating technology, including wearable devices and fitness
applications, enables real-time measurement of fitness indicators
for personalized anti-aging supplement guidelines. This data-driven
approach aligns with customer empowerment in fitness management,
promoting growth and innovation in the healthy aging supplement
sector.
Key Takeaways from the Market Report:
- The healthy aging supplement market is projected to grow at a
CAGR of 5.9% during the forecast period.
- Based on form, the capsule segment is set to account for a
market share of 60% in 2024.
- By product type, the collagen segment is projected to hold a
leading market share of 16.8%.
- The United States is set to
record a CAGR of 4.5% through 2034.
- Revenue in India is projected
to reach US$ 87.18
million in 2034.
"The healthy aging supplement industry is gaining momentum
due to the growing focus on preventative healthcare. These
supplements aim to improve wellness and protect against age-related
health issues. Consumers' desire for skin products and supplements
is further projected to contribute to market
expansion." -says Nandini Roy Choudhury (Client Partner for
Food & Beverages at Future Market Insights, Inc.).
Who is Winning?
Pure Encapsulations, Vital Nutrients, GNC, Nature's Bounty, Life
Extension, The Vitamin Shoppe, and MegaFoods are the key companies
in the market. These top players are constantly upgrading their
product portfolios and employing strategies such as advertising,
partnerships, acquisitions, agreements, and mergers to stay ahead
of the competition. For instance,
- In 2024, The Vitamin Shoppe® launched Pure
Encapsulations® in The Vitamin Shoppe and Super Supplements
stores.
- In 2021, Nestlé Health Science acquired The
Bountiful Company, including Nature's Bounty®.
Purchase now and gain full access to
the Healthy Aging Supplements Industry report, featuring
comprehensive Market Forecast, Company Share Analysis, Competition
Intelligence, DROT Analysis, Market Dynamics and Challenges, and
Strategic Growth Initiatives.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an
unbiased analysis of the healthy aging supplement market presenting
historical demand data (2019 to 2023) and forecast statistics for
the period from 2024 to 2034.
The study incorporates compelling insights on the healthy
aging supplement market based on product type (minerals, vitamins,
CoQ10, collagen, biotin, hyaluronic acid, and others), form
(tablet, powder, liquid, capsules), and distribution channel
(stored based retailing, drug stores and pharmacies, health and
wellness stores, other retailers, online retailing) across various
regions.
About the Food & Beverage Division at Future Market
Insights (FMI)
FMI's Food & Beverage team offers comprehensive
business intelligence services, with a vast array of reports and
data points analysed across 50+ countries over a decade. The team
provides consulting services and end-to-end research, offering
expert analysis, actionable insights, and strategic recommendations
to clients worldwide. Contact them to explore how they can assist
with your unique business intelligence needs.
About the Author:
Nandini Roy
Choudhury (Client Partner for Food & Beverages at
Future Market Insights, Inc.) has 7+ years of management consulting
experience. She advises industry leaders and explores off-the-eye
opportunities and challenges. She puts processes and operating
models in place to support their business objectives.
She has exceptional analytical skills and often brings thought
leadership to the table.
Nandini has vast functional expertise in key niches, including
but not limited to food ingredients, nutrition & health
solutions, animal nutrition, and marine nutrients. She is also
well-versed in the pharmaceuticals, biotechnology, retail, and
chemical sectors, where she advises market participants to develop
methodologies and strategies that deliver results. Another feather
to her cap manifests in the form of process automation. She is
vocal about bringing automation to the fore to bring a
360-degrees-round revolution in manufacturing sector.
Her core expertise lies in corporate growth strategy, sales and
marketing effectiveness, acquisitions and post-merger integration
and cost reduction. Nandini has an MBA in Finance from MIT School
of Business. She also holds a Bachelor's Degree in Electrical
Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in
journals including Beverage Industry, Bloomberg, and Wine Industry
Advisor.
Explore FMI's Extensive Coverage in the Food and Beverages
Domain:
- Probiotic Supplement Market Analysis based on Tablets,
Capsules, Liquid, Powder, and Gummies from 2024 to 2034. –
Review and Request to Access the Sample Report.
- Beauty Supplement Market Analysis by Tablets and Capsules,
from 2023 to 2033. - Review and Request to Access the Sample
Report.
- Digestive Health Supplements Market by Probiotics,
Enzymes, and Others, Forecast, 2023-2033. - Review and
Request to Access the Sample Report.
- Dietary Supplement Market by Liquid, Bars, Soft Gel, and
Powder Forms from 2024 to 2034. - Review and Request to Access
the Sample Report.
- Weight Management Supplement Market by Fat Burners and
Appetite Suppressants, from 2024 to 2034. - Review and Request
to Access the Sample Report.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading market intelligence
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countries. FMI is headquartered in Dubai and has delivery centers in the
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the evolving needs of their consumers.
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