The OTC vitamins and dietary supplements market continues on an upward growth trajectory, with the global sales of the market poised to surpass an estimation of US$ 97,688 Mn through 2022, according to a recently published report of Fact.MR. A combination of several factors surging from the rising focus of manufacturers to upgrade the standards of their product to increasing health consciousness among consumers, have a positive impact on the growth of the OTC vitamins and dietary supplements market.
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The report envisages North America reigning supremacy over other geographies, attributed to the soaring demand for these drugs in this region. Profit gained from the North American market is predicted to contribute massively to the growth of the global OTC vitamins and dietary supplements market, which is anticipated to register an impressive CAGR of over 6% and a market valuation of US$ 97, 688 Mn through 2022.
With the exponential growth of healthcare sector in the recent past, sales of OTC drugs have witnessed an impressive hike, on account of being cost-effective, ease to purchase, and rising trends of self-aid. Key manufacturers in the market are further focusing on increasing the quality of OTC drugs, which is further expected to reflect positively on the growth of the OTC vitamins and dietary supplements market.
OTC Vitamins and Dietary Supplements Market: Nub of the Report
Primary focus of this comprehensive study is to offer a decisive outlook on the OTC vitamins and dietary supplements market to help the manufacturers, suppliers, and stakeholders cull valuable insights for their business. This detailed assessment on the market includes a holistic view on the OTC vitamins and dietary supplements market for the period during 2017-2022. Market evaluation has been done, in terms of revenue (US$ Mn) and CAGR (%).
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This detailed report incorporated several macroeconomic and microeconomic factors that reflect on the growth of the market during the forecasted period. A comprehensive information on major demand drivers, recent developments, profitable opportunities, recent trends, and restraints of the market has been added in this detailed report. This brief study evaluates market attractiveness, depending on its OTC channel, region, product form, and function.
This all-encompassing analysis has been curated by extracting insightful data from the authentic primary and secondary sources. A detailed market assessment has been added to this in-depth report to provide a precise forecast on the key demand drivers for the forecast period.
OTC Vitamins and Dietary Supplements Market: Geographical Segmentation and Key Players
Geographies assessed in this study includes Latin America, North America, Japan, Asia Pacific excluding Japan (APEJ), Middle East and Africa, and Europe. An insightful overview on the market has been included on these regions, along with a brief comparative analysis on the market has been included on the basis of the function, product form, and OTC channel.
The leading players analyzed in the study comprises of Bactolac Pharmaceutical, Inc., Dil Limited., Otsuka Holdings Co. Ltd., Reckitt Benckiser LLC, CSPC Pharmaceutical Group Limited., GlaxoSmithKline plc and DuPont, Sanofi S.A., Lonza Group Ltd, Pfizer, Inc. Atrium Innovations, Inc., Jubilant Life Sciences Limited, Koninklijke DSM N.V., Archer Daniels Midland Company, and BASF SE. Analysis on these leading players, dominating the OTC vitamins and dietary supplements market has been incorporated in this report, along with a brief company overview, SWOT analysis, their financials, recent developments, and recent product launch.
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Exponential Growth of Healthcare Sector to Reflect Positively on the Growth of OTC Vitamins and Diet
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