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The Advisory Committee on Borderline Substances (ACBS) has recommended vitamins and minerals to address existing or potential vitamin or mineral deficiencies. Vitamins and minerals are important nutrients that come with a balanced diet. Thus, rising spending on vitamins and minerals is expected to fuel market expansion. For example, PrescQIPP in England estimates that the cost of prescription vitamin and mineral supplements is approximately US$4.7 million per year.
The Vitamin and Mineral Supplement Pills Market is expected to reach USD 14,770.6 million in 2022 and is expected to grow at a CAGR of 4.6% during the next five years (2022-2030).
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The expansion of the global market for vitamin and mineral supplement tablets is expected to be driven by the increasing consumption of these tablets.
The body works, the immune system is strengthened, and regular growth and development are provided with vitamins and minerals. Smoking, poor diet, drinking a lot of alcohol weakens the immune system. This will increase the demand for vitamins and minerals, which will drive the market expansion. For example, according to the National Stem Cell Foundation (NSCF), autoimmune diseases are the third leading cause of chronic disease in the United States and affect approximately 4% of the population worldwide.
During the forecast period, increasing health awareness is expected to drive the expansion of the global encapsulant tablets market. vitamin and mineral supplements.
Consumers are more concerned about their well-being and health. The vitamin and mineral supplement industry has grown as consumers’ interests have shifted from materialism to self-care.
The effect
The production, distribution and delivery of vitamin and mineral tablets have been complicated by COVID-19. In a short period of time, it has had a major impact on the economy and the health care system. The COVID-19 outbreak increases the number of people at risk of food insecurity and makes it increasingly difficult to maintain a balanced diet. This will help fuel consumers’ desire for vitamin and mineral supplements to boost their immune systems and improve overall well-being.
Market constraints
Strict rules and regulations by government agencies are to blame for the delay in product certification. The Health and Education Act of 1994 requires testing of vitamin and mineral products, which causes procedural delays. This in turn hinders market expansion. A 1994 United States Federal law known as the Dietary Supplement Health and Education Act defines and regulates dietary supplements. based on the act
Key players
HTC Health, Otsuka Pharmaceutical Co., Ltd., Brunel Healthcare, NutraScience Labs, Pharmavite, Noreva Biotech, Glanbia plc,., Nature’s Way Products, LLC, Herbalife Nutrition, Bactolac Pharmaceutical, Inc., Abbott, NSE, Inc., Amway , GlaxoSmithKline plc and Bayer AGSome of the major companies competing in the global vitamin and mineral supplement tablets market.
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Content
Chapter 1 Industry overview
1.1 Definition
1.2 Assumptions
1.3 Research scope
1.4 Market analysis by region
1.5 Vitamin and Mineral Supplement Tablets Market Size Analysis 2022 to 2028
11.6 The COVID-19 Outbreak: Impact on the Vitamin and Mineral Supplement Tablet Industry
Chapter 2 Global competition of vitamin and mineral supplement tablets by types, applications and best regions and countries
2.1 Global Vitamin and Mineral Supplement Tablets (Volume and Value) by Type
2.3 Global Vitamin and Mineral Supplement Tablets by Regions (Volume and Price)
Chapter 3 Analysis of the production market
3.1 Analysis of the global production market
3.2 Regional production market analysis
Chapter 4 Global Vitamin and Mineral Supplement Tablets Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 6 East Asia Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 7 Europe Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 8 South Asia Vitamin and Mineral Supplement Tablets Market Analysis
Section 9 Southeast Asia Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 10 Middle East Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 11 Africa Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 12 Oceania Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 13 South American Vitamin and Mineral Supplement Tablets Market Analysis
Chapter 14 Company Profiles and Key Figures in the Vitamin and Mineral Supplement Tablets Business
Chapter 15 Global Vitamin and Mineral Supplement Tablets Market Forecast (2022-2028)
Chapter 16 Conclusions
research method
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