The green supplements market size is likely to reach US$ 563.3 Million in 2022 and further expand at 3.8% CAGR during the forecast period, to total US$ 818.0 Million by 2032.
The two main reasons driving expansion in the global market are increasing demand for plant-based goods and increased public awareness of the health advantages of green supplements.
Products made from plants are safer and healthier than those made from animals. They are consequently gaining a lot of popularity, especially in developed regions. Thus, the market for green supplements would eventually experience rise during the projected period due to the increasing popularity of veganism.
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Green Supplements are linked to a number of health benefits. They are rich in vitamins, minerals, and antioxidants. Various studies have revealed that consumption of green supplements can improve sleep, boost energy, and lower levels of inflammation in their bodies.
Another factor driving the increased sales of green supplements is the popularity of alternative medicine. More and more people are turning to natural remedies for their health needs, and green supplements are a great way to get all the nutrients.
To keep up with the green supplements market trends, leading manufacturers are developing novel ways to incorporate this product into various processed foods.
Key Takeaways:
- Based on form, the powder segment is expected to grow at 3.1% CAGR during the forecast period (2022-2032).
- India currently has a Green Supplement market share of around 5.0 % in the South Asian market.
- The green supplements market in the U.K, is expected to grow at a moderate CAGR of 3.9% over the next ten years.
- North America is likely to hold around 34% share of the global green supplement market during the forecast period.
- The U.S. green supplement market is expected to reach a valuation of US$ 345 Bn in 2022.
The green supplement market in the U.K. is currently valued at US$ 434.0 Mn and it is poised to grow at a steady pace during the forecast period
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“Green supplements are versatile products that have a wide array of applications from functional foods and energy drinks to pharmaceuticals and dietary supplements. With rising health awareness and lactose intolerance, consumers are shifting towards green supplements owing to their organic, natural, plant-based characteristics which will assist the growth of the market over the next ten years,” says a lead analyst at Future Market Insights.
Competitive landscape:
Top 5 manufacturers of green supplements are GNC Holdings, Inc., Vitamin Shoppe, Inc., The Nature’s Bounty Co., . NBTY, Inc., Amway Corporation, collectively holding 20% to 30% of the overall market share.
These companies are adopting strategies such as new product launches and approvals, mergers, partnerships, acquisitions, and partnerships to increase their sales.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of Green Supplements presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study provides valuable insight on the green supplements market based by form (powder, capsule, and liquid), packaging type (bottle, can, jar, sachet), application (pharmaceuticals, food & beverages, rtd teas, functional foods, dietary supplements, energy drinks, others, cosmetics)
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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