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Food Supplements - A fastest growing wellness industry
In today's fast life environment, people's habits are changing drastically. Now, health, fitness and wellness are the major factors that drive the food nutritional supplements product.
A craving for a more healthy way of life is one central point that is pushing the development in this market, yet not alone. Customers are developing awareness of health and wellbeing, expecting that in wellbeing matters prevention is better than cure.
Is the food supplement industry growing?
The human nutrition market is expected to reach $465.4 billion by 2025, growing at a CAGR of 6.6% during the forecast period of 2019 to 2025. Due to the large middle-class populated countries like India, the demand for nutrition has increased significantly. This demand is intensifying high growth opportunities for players who are operating in the global human nutrition market.
Vitamins, botanicals, minerals, proteins, amino acids, fibres are some major dietary supplements. The demand for vitamins is creating the biggest share of total food supplements. Most people need vitamin supplements so that their body can bridge the gap of vitamin deficiencies and continue to function well. However, the fats and fatty acids market is also expecting to witness rapid growth in the future market.
Surging demand for overall health and wellness:
The obesity rate in adults in the U.S. was at 42.4% in the year 2020 that has increased from 26% in 2008. The obesity rate in the European region was above 51.6% in 2014 and is continuously rising. Due to the rise in disease like cardiovascular diseases, diabetes, and high blood pressure, the demand for food supplements is expected to boost in the upcoming time.
A global trend towards veganism is expected to benefit plant-based nutritional products around the globe. This will drive the demand for botanical ingredient-based dietary supplements over the forecast period.
Regulatory Landscape for Food Nutritional supplements:
Manufacturers have acted to buyer propensities by expanding the number, reach and an assortment of items accessible on the open market, facilitating access to food supplements. To regulate the quality and trade, international agencies are working hard to develop and update the legislation. Recently, the European Food Safety Authority (EFSA) has released Directive 2002/46/EC, and additional Annexes, to protect consumers against potential health risks from these products and to ensure that they get the correct information. In the USA, the Food and Drug Administration (FDA) has released the Dietary Supplement Health and Education Act of 1994 (DSHEA) followed by guidance documents to regulate both finished dietary supplement products and dietary ingredients.
This legislation guides the consumer about product information and the manufactures about production. The FDA guidance also includes all ingredients with beneficial nutritional effects, such as vitamins, minerals, botanicals and their extracts, and amino acids.
That's not all:
The COVID-19 outbreak has increased demand for immunity-boosting supplements, including vitamins, minerals, and several herbs that benefitted the market for dietary supplements in the year 2020.
Zeon Biotech is the leading manufacturer of food supplements in India. Our high-quality vitamin and mineral supplements can fill the nutritional gaps and strengthen your immune system.