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Link to original content: http://www.statista.com/outlook/cmo/otc-pharmaceuticals/vitamins-minerals/worldwide
Definition:
The Vitamins and Minerals market comprises over-the-counter natural and synthetic food supplements like multivitamin preparations, minerals, vitamins, tonics and cod liver oil. Vitamins and minerals include preparations in the form of capsules, dragees, pills, granulate, ampoules, solutions, powders, syrups for oral use. Not included are prescription medicines, preparations that are not explicit food supplement drugs (e.g. muscle-building preparations) or primarily serve cosmetic purposes. Among the top-selling vitamin and mineral products are Vitasprint, Orthomol, magnesium granulate, Curazink, Centrum. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.
Additional information:
The market comprises revenues, average revenue per capita. Sales channels show online and offline revenue. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
The Vitamins & Minerals market is globally experiencing significant growth during the COVID-19 pandemic. The global market has witnessed a growth of around 6% in 2020. Nowadays, customers are preferring organic and healthy products to improve defense of their immune system. The growing awareness of healthcare and nutrition is also expected to help the Vitamins & Minerals market generate higher revenues.
However, COVID-19 has disrupted supply chains around the world. This hinders the delivery of goods, which restricts the further growth of the Vitamins & Minerals market during the pandemic.
In the forecast period, the market is estimated to show a steady growth at a CAGR of around 6%, which returns to pre-COVID levels once the pandemic is over.
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
The Vitamins & Minerals market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Vitamins & Minerals industry.
Notes: Based on IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights
