The green supplements market size is Most expected to reach US$ 563.3 million in 2022 and grow at a 3.8% annual rate of growth for the remainder of the forecast period, finishing at US$ 818.0 million by 2032.
The growing demand for plant-based goods and public awareness of the health advantages of green supplements are the two main drivers of the global market’s growth.
Plant-based products are safer and healthier than animal products. They are consequently become more and more well-known, especially in developed regions. Thus, as veganism gained popularity during the projected timeframe, the market for green supplements would progressively expand.
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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.
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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)
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