COVID-19 Impact On Multivitamin Capsules & Tablets Market Share, Top Key Players, Segmentation, Regional Analysis by 2025

Posted October 20, 2020 by nikhilkhadilkar

Multivitamin Capsules & Tablets Market is estimated to be valued at USD 20,706.3 Million by 2025, exhibiting a CAGR of 6.33% during the forecast period.
Market Highlights

Multivitamin Capsules & Tablets Market is estimated to be valued at USD 20,706.3 Million by 2025, exhibiting a CAGR of 6.33% during the forecast period. Multivitamin capsules & tablets refer to dietary supplements in the form of capsules & tablets containing various vitamins and other nutrients essential for the human body.

Asia-Pacific was the largest market for Multivitamin Capsules & Tablets Market Share in 2018 and is expected to follow the trend during the review period. China accounted for 41.22% share of the Asia-Pacific multivitamin capsules & tablets market in 2018, whereas the market in India is projected to register the highest CAGR during the review period.

Market Dynamics

In recent years, there has been a rise in the prevalence of vitamin deficiencies due to hectic lifestyles, shortened mealtimes, and loss of nutrition during cooking and processing of food. This has led to increased consumption of multivitamin capsules & tablets. Knowledge of diseases caused by vitamin deficiency is also propelling consumers to adopt multivitamins in their busy lifestyles. Moreover, changing demographics factors with a growing young population have contributed to the expansion of fitness centers and health clubs.

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Segmental Analysis

The market, by end user, has been divided into men, women, and unisex. The unisex segment accounted for the largest market share in 2018. The consumption of unisex multivitamins has historically been high. The growth of the segment can be attributed to the increased consumption of multivitamins to prevent vitamin deficiency caused by poor diet or illness. However, increasing awareness about the different nutrient needs based on gender is expected to increase the sale of multivitamin capsules & tablets for women.

Key Players

The Prominent Players operating in the Global Multivitamin Capsules & Tablets Market include The Nature's Bounty Co. (US), Glanbia plc (Ireland), Herbalife Nutrition Ltd. (US), Abbott Laboratories (US), Amway Corp (US), Bayer AG (Germany), GlaxoSmithKline plc (UK), Otsuka Holdings Co., Ltd (Japan), Nature's Way Products, LLC (US), and Nu Skin Enterprises, Inc. (US).

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Regional Analysis

Geographically, the global multivitamin capsules & tablets market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific accounted for a dominant share of the global market in 2018 with China being the major consumer of multivitamin capsules & tablets. The North American multivitamin capsules & tablets market also accounted for a significant share in 2018. With a high focus on preventive healthcare, the consumption of multivitamins is extremely high in the US. Germany held a significant share of 18.20% of the European multivitamin capsules and tablets market in 2018.

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Last Updated October 20, 2020