In the last decade, the pharmaceutical sector has experienced an immense growth in the segment of vitamins and minerals, and some major other supplements. The pharmaceutical manufacturers in India
have been highly profited by its budding segment of supplements that is growing with unexpected speed and volume. Let us have a detailed look at the phenomenon.
#1 Fish Oil Omega-3 fatty acids
The global revenue of fish oil was around US$ 5.42 billion in 2018. In 2020, the global omega 3 market size was valued at USD 2.10 billion with expectation of a compound annual growth rate (CAGR) of 7.8% from 2020 to 2028.
As per the reports generated by IMF, WHO, National statistical offices, National industry associations, Association of the European Self-Medication Industry, the revenue in the Vitamins & Minerals segment amounts to US$ 27.15 billion in 2022. The market is expected to grow annually by 6.45% (CAGR 2022-2027). In global comparison, most revenue is generated in China (US$ 4,696.00m in 2022). In relation to total population figures, per person revenues of US$ 3.57 are generated in 2022.
From 2013 to 2017, global sales of CoQ10 went up 12.15%. Coenzyme Q10 Market size surpassed USD 575 million in 2020 and is expected to register over 10.5% CAGR between 2021 and 2027.
#4 Vitamin D
Rising number of Vit D deficiency diseases has made the vitamin D market account for USD 1.1 billion in 2019. The industry is projected to grow 7% by 2025.
#5 B Vitamins
The global Vitamin B market was valued $622 Million (2021) and is expected to grow at a CAGR of 4.5-5.5 percent and reach $730 Million by 2024. China is the major source of Vitamin B and its globally supplying more that 60-65 percent of the global demand.
The Global Magnesium Supplements Market was valued at USD 10123 Million in 2021, and is anticipated to reach USD 19016.36 Million by 2028, exhibiting a CAGR of 8.2% during the forecast period 2022 to 2028.
The global calcium supplements market is forecasted to be valuated at US$ 8.01 billion by 2032, up from US$ 3.8 billion in 2022, advancing at a CAGR of 7.74% from 2022 to 2032.
The global probiotics market was valued at USD 61.15 Billion in 2021 and is expected to grow at a CAGR of 7.7% during the forecast period of 2022-2030. The revenue forecast in 2030 is supposed to be around USD 123.32 Billion.
#9 Vitamin C
As per some reports, the global Vitamin C market was valued at US$ 976.4 million in 2019 and is expected to reach US$ 1421.3 million by the end of 2026, growing at a CAGR of 3.2% during 2021-2026. Again, there are researches showing that Vitamin C market is projected to grow at a CAGR of 2.88% from 2022 to 2030, reaching USD 12.37 billion.
The global protein supplement market size was estimated at USD 20.47 billion in 2021 and is expected to be around USD 22.11 billion by the end of 2022. While the same is supposed to be around USD 42.81 billion by 2030, according to a new report by Grand View Research, Inc.
#11 Collagen Peptides
Collagen is one of the most desired products among the pharma contract manufacturers in India
. The collagen supplement market size was recorded at around USD 1.99 billion in 2021. The ever growing awareness regarding the benefits of collagen supplements in food and beverages, is helping the industry to grow at a CAGR of more than 6% between 2022 and 2030.
#12 Apple Cider Vinegar
The global apple cider vinegar market size was USD 868.1 Million in 2021 and is expected to register a revenue CAGR of 5.6% during the forecast period of 2022-2030.
#13 Turmeric Curcumin
The global curcumin market is projected to grow from $79.94 million in 2022 to $155.24 million by 2029, at a CAGR of 9.95% in forecast period of 2022-2029.
#14 Eye Vitamins
The global eye health supplements market size was valued at USD 1.5 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 6.1% from 2020 to 2027. According to Coherent Market Insights (CMI), the global eye health supplement market is expected to go beyond US$ 3,803.4 million by 2027.
Biotin Supplements Market was valued at US$ 2.7 Bn. in 2021. The Global Biotin Supplements Market size is estimated to grow at a CAGR of 11 % over the forecast period of 2021-2027.
The global Quercetin market is expected to grow at a CAGR of 6.5% during the forecast period of 2018 - 2030.
The global glucosamine market is estimated to be valued at US$ 763.7 million in 2020 and is expected to exhibit a CAGR of 5.20% during the forecast period of 2020-2027.
The global ginseng extracts market size was estimated at USD 24.5 million in 2019 and is expected to generate a revenue of USD 40.1 million in 2027.
#20 Saw Palmetto
The Global Saw Palmetto Extracts Market Size was estimated at USD 112.72 million in 2021 and is projected to reach USD 152.82 million by 2028.