The Advisory Committee on Borderline Substances (ACBS) committee advised vitamins and minerals to address existing or probable vitamin or mineral shortage. Vitamins and minerals are vital nutrients that come from eating a balanced diet. Thus, it is anticipated that rising expenditure on vitamins and minerals would fuel market expansion. For instance, PrescQIPP in England estimates that the cost of prescription vitamins and minerals products is about US$ 4.7 million per year.
The market for tablets containing vitamin and mineral supplements is anticipated to reach US$ 14,770.6 million in 2022 and grow at a CAGR of 4.6% during the following five years (2022-2030).
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The expansion of the worldwide market for vitamin and mineral supplement tablets is anticipated to be driven by an increase in the consumption of these tablets.
The body functions, the immune system is strengthened, and regular growth and development are supported by vitamins and minerals. The immune system is weakened by smoking, eating poorly, and drinking too much alcohol. This increases the need for vitamins and minerals, which fuels the market’s expansion. For instance, according to the National Stem Cell Foundation (NSCF), autoimmune illnesses are the third most prevalent cause of chronic illness in the United States and impact around 4% of the population globally.
Over the course of the forecast period, rising health consciousness is anticipated to fuel the expansion of the worldwide market for tablets containing vitamin and mineral supplements.
Consumers are increasingly conscious about their welfare and health. The industry for vitamins and minerals supplements has grown as a result of consumers’ interests moving from materialism to self-care.
The production, distribution, and supply of tablets containing vitamins and minerals were complicated by COVID-19. Within a short period of time, it had a big impact on economies and healthcare systems. The COVID-19 epidemic increases the number of people at risk for food insecurity and makes maintaining a balanced diet increasingly harder. This is helping to fuel consumers’ growing desire for vitamins and minerals supplements to enhance their immune systems and improve their general well-being.
Government authorities’ strict rules and regulations are to blame for the delay in product certification. Dietary Supplements Health and Education Act of 1994 requires testing of the vitamins and mineral products, which causes a procedural delay. This in turn hinders the market’s expansion. The United States Federal statute from 1994 known as the Dietary Supplement Health and Education Act defines and governs dietary supplements. based on the act
HTC Health, Otsuka Pharmaceutical Co., Ltd., Brunel Healthcare, NutraScience Labs, Pharmavite, Noreva Biotech, Glanbia plc, ., Nature’s Way Products, LLC, Herbalife Nutrition, Bactolac Pharmaceutical, Inc., Abbott, NSE, Inc. Company, Amway, GlaxoSmithKline plc, and Bayer AG, are some of the major companies that compete in the global vitamin and mineral supplement tablets market.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Vitamin and Mineral Supplement Tablets Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Vitamin and Mineral Supplement Tablets Industry Impact
Chapter 2 Global Vitamin and Mineral Supplement Tablets Competition by Types, Applications, and Top Regions and Countries
2.1 Global Vitamin and Mineral Supplement Tablets (Volume and Value) by Type
2.3 Global Vitamin and Mineral Supplement Tablets (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Vitamin and Mineral Supplement Tablets Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 6 East Asia Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 7 Europe Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 8 South Asia Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 9 Southeast Asia Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 10 Middle East Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 11 Africa Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 12 Oceania Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 13 South America Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 14 Company Profiles and Key Figures in Vitamin and Mineral Supplement Tablets Business
Chapter 15 Global Vitamin and Mineral Supplement Tablets Market Forecast (2022-2028)
Chapter 16 Conclusions
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