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Global Multivitamin Tablet Market is anticipated to rise at a value CAGR of xx% over 2019-2028. According to a study published by Insure Insights on the Global Multivitamin Tablet Market. Multivitamin is a preparation that provides dietary supplement along with vitamins, dietary minerals, and other nutritional elements. These drugs are available in the form of tablets, capsules, pastilles, powders, liquids, or injectable formulations. Multivitamin Tablets is an oral dosage form; they are the most widely used form of a multivitamin. The rise in disposable income among the public has driven market growth.
Top Driver: The surge in awareness about better health and health maintenance have boosted the market growth.
Increasing in demand for better maintenance of health and wellbeing is the primary factor is boosting the market growth. The rise in the population growth, increase in the geriatric population has fostered the market growth. Moreover, an increase in Vitamin deficiency in adults and children, a High rate of adoption sports-based nutritional supplements, and an increase in the sports activities professionally; have further enhanced the market growth.
Energy & Weight Management have made the highest segmental growth in the Global Multivitamin Tablet Market
Based on the Application, Energy & Weight Management segment have dominated the segmental growth as they are Multivitamins are widely used in for providing Energy and help in weight management, Vitamins like Vitamin b12 assists in losing weight & shed fat. B12 is the most important for weight management. The increase in the awareness for weight loss has boosted the demand for a multivitamin and have escalated the market growth. There are many other vitamins like vitamin D even they help in weight management and boosts the Energy of an individual
In terms of the type of Medication, Prescribed Multivitamin segment has dominated the segmental growth owing to the growing number of individuals with vitamin deficiencies. The OTC segment is expected to grow at a higher rate owing to the increase in the commercialization of Multivitamin advertisements. Based on the End User, Adults segment have held the most significant growth due to the habits of fast food and unhealthy food lifestyle, improper nutrients in diet have further contributed to the market growth
Asia Pacific rules the regional market with the ever-increasing population growth
Asia Pacific has dominated the regional market due to the increase in population growth, especially in countries like China, India, etc., the growth in the geriatric population has further attributed to the regional growth. The rise in disposable income improved desire to remain fit and healthy, and rapid urbanization, especially in China, India, and Japan, have escalated the regional market. The surge in the population growth with vitamin deficiency especially in children and in adults have further boosted the regional revenue
Product launches, new innovations, Mergers, and Acquisition, are the key strategies of the competitors
The Players of the Global Multivitamin Tablet Market is fragmented. Product launches, new innovations, Mergers, and Acquisition, are strategies used by the competitors The key competitors of the Global Multivitamin Tablet Market Amway; Bayer; Arkopharma; Pfizer; Nature’s Bounty; Herbalife International of America, Inc.; Bionova; Ayanda; American Health, Inc. and Abbott
Abbott: Abbott, is one of the key competitors of the Global Multivitamin Tablet Market; for instance, In January 2017, Abbott, had announced the acquisition of ST. JUDE MEDICAL, they are a leader in medical device manufacturing. The acquisition was made by Abbott to expands its product portfolio with devices, diagnostics, nutritional and branded generic pharmaceuticals
Bayer: Bayer is a popular competitor in the Global Multivitamin Tablet Market. In April 2019, Bayer had announced the launch of New Redoxon Triple Action Supplement to Overcome Immunity Challenges during Ramadhan Fasting Period, it consists of high levels of Vitamin C, Vitamin D, and Zinc, to support the three layers of body’s immunity defense.
Scope of the Report
By Application
By Type of Medication
By End User
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Multivitamin Tablet Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Multivitamin Tablet Market -Industry Snapshots
6.1.1 Global Multivitamin Tablet Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Multivitamin Tablet Market Analysis, by Application
7.2 Key Findings for Multivitamin Tablet Market- By Application
7.2.1 Multivitamin Tablet Market- Energy & Weight Management
7.2.2 Multivitamin Tablet Market- Bone & Joint Health
7.2.3 Multivitamin Tablet Market- Others
Chapter 8 Global Multivitamin Tablet Market Analysis, by Type of Medication
8.2 Key Findings for Multivitamin Tablet Market- By Type of Medication
8.2.1 Multivitamin Tablet Market- Over-The-Counter (OTC)
8.2.2 Multivitamin Tablet Market- Prescribed
Chapter 9 Global Multivitamin Tablet Market Analysis, by End User
9.2 Key Findings for Multivitamin Tablet Market- By End User
9.2.1 Multivitamin Tablet Market-Adults
9.2.2 Multivitamin Tablet Market- Geriatric
9.2.3 Multivitamin Tablet Market- Pregnant Women
9.2.4 Multivitamin Tablet Market- Children
Chapter 10 Multivitamin Tablet Market Analysis by Region
10.1 Key Findings for Multivitamin Tablet Market- By region
10.2.1 Global Multivitamin Tablet Market Analysis, By Application, 2019 – 2028
10.2.2 Global Multivitamin Tablet Market Analysis, By Type of Medication, 2019 – 2028
10.2.3 Global Multivitamin Tablet Market Analysis, By End User, 2019 – 2028
10.3 Multivitamin Tablet Market – North America
10.3.5 North America Market, By Application
10.3.6 North America Market, By Type of Medication
10.3.7 North America Market, By End User
10.4 Multivitamin Tablet Market – Europe
10.4.7 Europe Market, By Application
10.4.8 Europe Market, By Type of Medication
10.4.9 Europe market by, End User
10.5 Multivitamin Tablet Market – Asia Pacific
10.5.6 Asia Pacific Market, By Application
10.5.7 Asia Pacific Market, By Type of Medication
10.5.8 Asia Pacific Market, By End User
10.6 Multivitamin Tablet Market – LAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 Latin America, Middle East and Africa Market, By Application
10.6.6 Latin America, Middle East and Africa Market, By Type of Medication
10.6.7 Latin America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.6 Herbalife International of America, Inc.
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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