The green supplements market size is likely to reach USD 563.3 Million in 2022 and further expand at 3.8% CAGR during the forecast period, to total USD 818.0 Million by 2032.
Growing demand for plant-based products and rising awareness about the health benefits of green supplements are the key factors driving growth in the global market.
Plant-based products are both healthier and safer than animal-based products. As a result, they are gaining immense traction particularly across developed regions. Growing popularity of veganism will therefore eventually boost the growth of green supplements market during the forecast period.
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.
Competitive Landscape
The global green supplement market is highly fragmented and competitive, with numerous local and regional players. Leading companies use various marketing strategies, including partnerships, expansions, mergers, acquisitions, and collaborations, to strengthen their market position.
Some of the leading companies operating in the green supplement market are GNC Holdings Inc., Amway Corporation, Herbalife Nutrition Ltd., Vitacost.com Inc., General Nutrition Centers Inc., Herbal Hills, Puritan’s Pride, Inc., NOW Foods, Pharmafreak, New England Greens LLC, Earthrise Nutritional, Cyane, Tate & Lyle, DSM, BASF, Danone, Changsha Sunfull Bio-tech Co. Ltd, Blue California, Nutrigold, Zhou, Hard Rhino, Bulk Supplements, Pharma Freak, Evlution Nutrition, NLA, JYM Supplement Science, RSP Nutrition, spirulina, chlorella, wheatgrass.
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Green Supplement Market by Category
By Form:
- Powder
- Capsule
- Liquid
By Packaging Type:
- Bottle
- Can
- Jar
- Sachet
By Application:
- Pharmaceuticals
- Food & Beverages
- RTD Teas
- Functional Foods
- Dietary Supplements
- Energy Drinks
- Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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