COVID-19 Impact On Multivitamin Capsules and Tablets Market Demand, Size, Share, Growing Opportunities by 2025

 Market Overview

Multivitamin Capsules & Tablets Market is expected to register a CAGR of 6.33% to reach USD 20,706.3 Million by 2025. Multivitamin capsules and tablets are dietary supplements that help meet the daily requirements for essential nutrients. These capsules and tablets are formulated to promote immune health, support bone health, and provide energy and brain support.

The increasing prevalence of vitamin deficiencies among the population owing to the lack of appropriate amount of nutrients through daily diets is driving the growth of the Multivitamin Capsules and Tablets Market Demand. Moreover, the growing health consciousness and expansion of fitness centers and health clubs support the demand for multivitamin capsules and tablets. However, the side effects associated with the overconsumption of multivitamin capsules and tablets are restraining the growth of the market.

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. With a high focus on preventive healthcare, the consumption of multivitamins is extremely high in the US. Germany held a significant share of 18.20% of the European multivitamin capsules and tablets market in 2018. 

Segmentation

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

The unisex segment accounted for a major share in 2018 and is expected to expand at a substantial CAGR and reach USD 12,346.1 million by the end of 2025. The consumption of unisex multivitamins has historically been high with its high availability in the market. However, the women segment is projected to exhibit the highest CAGR during the forecast period.   

Access Report Details @ https://www.marketresearchfuture.com/reports/multivitamin-capsules-tablets-market-8791

Based on the distribution channel, the market has been categorized into store-based and non-store-based. The store-based segment has further been sub-divided into supermarkets & hypermarkets, specialty stores, and others. The store-based segment accounted for a larger market share in 2018 with supermarkets & hypermarkets contributing to the majority of multivitamin capsules & tablets sales. 

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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