Market Insights Consumer OTC Pharmaceuticals

Vitamins & Minerals - Worldwide

Worldwide

Revenue in the Vitamins & Minerals market amounts to US$31.93bn in 2024. The market is expected to grow annually by 6.74% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$5,328m in 2024).
In relation to total population figures, per person revenues of US$4.12 are generated in 2024.

Key regions: Philippines, United Kingdom, India, Thailand, Europe

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Analyst Opinion

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.

Methodology

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.