COVID-19 Impact On Multivitamin Capsules & Tablets Industry Significant Growth Trends, Size, Share, Overview by 2025

 Market Highlights

Multivitamin Capsules & Tablets Market is estimated to be valued at USD 20,706.3 Million by 2025, exhibiting a CAGR of 6.33% during the forecast period. Multivitamin capsules & tablets refer to dietary supplements in the form of capsules & tablets containing various vitamins and other nutrients essential for the human body.       

Asia-Pacific was the largest market for Multivitamin Capsules & Tablets Industry in 2018 and is expected to follow the trend during the review period. China accounted for 41.22% share of the Asia-Pacific multivitamin capsules & tablets market in 2018, whereas the market in India is projected to register the highest CAGR during the review period. The increasing spending on multivitamins as a result of growing consciousness regarding healthcare among consumers is driving the growth of the multivitamin capsules & tablets market in the region.

The Global Multivitamin Capsules and Tablets Market is expected to register a notable growth rate during the forecast period. Increasing health consciousness and the number of fitness centers and health clubs support the demand for multivitamin capsules and tablets. Moreover, the market players may benefit from offering multivitamin capsules and tablets targeted at the female population. However, the side effects associated with overconsumption of multivitamins are projected to restrain the growth of the market.

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Segmental Analysis

The Global Multivitamin Capsules & Tablets Market has been segmented on the basis of End User, Distribution Channel, and Region.

The market, by end user, has been divided into men, women, and unisex. The unisex segment accounted for the largest market share in 2018. The consumption of unisex multivitamins has historically been high. The growth of the segment can be attributed to the increased consumption of multivitamins to prevent vitamin deficiency caused by poor diet or illness. However, increasing awareness about the different nutrient needs based on gender is expected to increase the sale of multivitamin capsules & tablets for women. Thus, the women segment is projected to exhibit the highest CAGR during the forecast period.

Key Players

Market Research Future recognizes The Nature's Bounty Co. (US), Glanbia plc (Ireland), Herbalife Nutrition Ltd. (US), Abbott Laboratories (US), Amway Corp (US), Bayer AG (Germany), GlaxoSmithKline plc (UK), Otsuka Holdings Co., Ltd (Japan), Nature's Way Products, LLC (US), and Nu Skin Enterprises, Inc. (US) as the Key Players in the Global Multivitamin Capsules & Tablets Market.

Regional Analysis

Geographically, the global multivitamin capsules & tablets market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific accounted for a dominant share of the global market in 2018 with China being the major consumer of multivitamin capsules & tablets. The North American multivitamin capsules & tablets market also accounted for a significant share in 2018. 

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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