Global Multivitamin Capsules And Tablets Market Trends And Strategies Of Major Players In The Multivitamin Capsules And Tablets Market 2021-2030

1 Sep, 2021

The multivitamin capsules and tablets market consists of sales of multivitamin capsules and tablets by entities (organizations, sole traders, and partnerships) that produce multivitamin capsules and tablets which are used to provide vitamins. Multivitamins tablets and capsules are a combination of many different vitamins that are normally found in foods and other natural sources. Multivitamins are used to treat vitamin deficiencies that are caused by illness, pregnancy, poor nutrition, digestive disorders, and other different conditions.

Global Multivitamin Capsules And Tablets Market Size And Drivers:

The global multivitamin capsules and tablets market is expected to grow from $16.50 billion in 2020 to $18.24 billion in 2021 at a compound annual growth rate (CAGR) of 10.6%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The multivitamin capsules and tablets market is expected to reach $24.80 billion in 2025 at a CAGR of 8%. Increasing health consciousness among individuals is driving the market for multivitamin capsules and tablets.

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Trends In The Global Multivitamin Capsules And Tablets Market

Shifting consumer focus towards flavored gummy vitamins for all ages is shaping the multivitamin capsules and tablets market. Consumers are searching for more convenient and entertaining supplement experiences, which will lead to a move toward flavored gummy vitamins. For instance, in April 2021, Persona Nutrition, a US-based company that provides personalized daily supplement packs launched daily gummy vitamin packs for the entire family. These daily packs are designed to help users achieve specific health goals, such as immune health, focus, relaxation, everyday support, and hair, skin, and nail health. This family pack includes multivitamins to boost muscle and nerve function.

Global Multivitamin Capsules And Tablets Market Segments:
The global multivitamin capsules and tablets market is further segmented based on type, distribution channel, application, end user and geography.
By Type: Multivitamins Tablets, Multivitamins Capsules
By Distribution Channel: Store Based, Non-Store Based
By Application: Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Others
By End User: Adults, Geriatric, Pregnant Women, Children, Infants
By Geography: The global multivitamin capsules and tablets market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the multivitamin capsules and tablets market in 2020.

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Multivitamin Capsules And Tablets Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides multivitamin capsules and tablets market overviews, analyzes and forecasts market size and growth for the global multivitamin capsules and tablets market, multivitamin capsules and tablets market share, multivitamin capsules and tablets market players, multivitamin capsules and tablets market segments and geographies, multivitamin capsules and tablets market’s leading competitors’ revenues, profiles and market shares. The multivitamin capsules and tablets market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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