BURLINGAME, Calif.,
July 23, 2024 /PRNewswire/ -- The
global Cardiovascular Health Supplements Market
is estimated to be valued at US$ 9.85
Bn in 2023 and is expected to exhibit a CAGR of 7.2% over
the forecast period 2023-2030, as highlighted in a new report
published by Coherent Market Insights. Increasing prevalence of
cardiovascular diseases is driving the growth of cardiovascular
health supplements market. Products containing ingredients like
omega-3 fatty acids, coenzyme Q10, folic acid, magnesium, garlic
extracts etc are being seen as effective supplements for
maintaining heart health. The increasing awareness about benefits
of supplements in reducing CVD risk is driving greater demand and
propelling the growth of this market.
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Market Dynamics:
The Global Cardiovascular Health Supplements Market is primarily
driven by the rising prevalence of cardiovascular diseases
globally. According to the World Health Organization,
cardiovascular diseases are the number 1 cause of death globally,
taking an estimated 17.9 million lives each year. Risk factors such
as obesity, physical inactivity and increasing stress levels have
contributed to the increasing incidence of cardiovascular diseases.
Moreover, growing awareness among consumers regarding maintaining
cardiovascular health through dietary supplements is also fueling
the market growth.
Global Cardiovascular Health Supplements Market Report
Coverage
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$9.85
billion
|
Estimated Value by
2030
|
$16.06
billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 7.2%
|
Historical
Data
|
2018–2021
|
Forecast
Period
|
2023–2030
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Type, By Ingredient,
By Form, By Distribution Channel
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Growth
Drivers
|
- Rising health consciousness
- Ageing population
- Growing Consumer Focus on Preventive
Healthcare
|
Restraints &
Challenges
|
- Presence of alternative treatment
options
- Side effects associated with
cardiovascular health supplements
|
Market Trends:
Growing adoption of natural and plant-based supplements - The
trend of using natural ingredients for healthcare has gained
significant momentum in recent years. There is a growing consumer
preference for supplements made from plant-based or herbal extracts
owing to perceived safety benefits. This is prompting manufacturers
to offer supplements with active ingredients derived from natural
sources such as turmeric, berries, ginger, omega fatty acids
etc.
Smart pills and advanced delivery formats - Technological
advancements are allowing supplement producers to deliver nutrients
using novel delivery formats for enhanced absorption. Products such
as heart health smart pills containing multiple ingredients and
microencapsulated supplements for timed/sustained release are
gaining traction. This trend is expected to continue driving
innovations in the cardiovascular supplements industry.
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The global cardiovascular health supplements market was valued
at US$ 9.85 Bn in 2023 and is
expected to expand at a CAGR of 7.2% during the forecast period of
2023-2030. Growing awareness regarding health and wellness and
rising prevalence of cardiovascular diseases are expected to drive
the market growth.
The natural supplements segment accounted for the highest share
in 2023 owing to growing consumer preference for natural and
plant-based supplements. Natural supplements are believed to have
fewer side effects than synthetic options. Within this segment,
herb and botanical supplements dominated the market in 2023.
By ingredients, the vitamins & minerals segment captured
over 30% of the market share in 2023. Vitamins and minerals play an
important role in cardiovascular health by supporting healthy heart
function and blood circulation. Within this segment, omega-3 fatty
acids supplements had the highest demand owing to increasing focus
on heart health benefits of omega-3s.
In terms of format, liquid supplements held more than 40% share
of the global market in 2023. Liquid supplements provide enhanced
absorption and are more convenient to consume than solid formats
like capsules and tablets. This segment is expected to remain the
most preferred format over the forecast period.
Based on distribution channel, hospitals pharmacies was the
dominant segment in 2023 owing to high reliability and credibility
of supplements prescribed by doctors. However, the online
pharmacies segment is anticipated to witness highest growth during
the forecast period due to rising e-commerce penetration and
increasing preference for online shopping.
By region, North America held
over 35% share of the global cardiovascular health supplements
market in 2023. This was attributable to high health awareness,
growing geriatric population, and presence of major market players
in the region. Asia Pacific is
estimated to surpass North America
by 2028 owing to rapid lifestyle changes, economic growth, and
increasing healthcare expenditure in developing APAC countries.
Key Players:
Major players operating in the cardiovascular health supplements
market include NOW Health Group, Inc., Bright, Lifecare Pvt Ltd,
Natural Organics, Inc., DaVinci Laboratories of Vermont, Nordic Naturals, Thorne HealthTech,
Inc., Nestle, Amway, InVite Health, GNC Holdings, LLC. These
players account for more than 50% of the total market share.
Partnerships, acquisitions, and new product launches are among key
strategies adopted by market players.
Recent Developments:
In September 2023, Nutrartis,
announced the launch of Cardiosmile, a supplement developed with
natural plant sterols, in the U.S. The liquid format uses
water-dispersible phytosterols for convenient daily heart health
and cholesterol management.
In March 2023, Life Extension,
announced the launch of omega-3 fish oil-based gummy bites.
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Detailed Segmentation:
By Type
- Natural Supplements
- Synthetic Supplements
By Ingredient
- Vitamins & Minerals
- Herbs & Botanicals
- Omega Fatty Acids
- Coenzyme Q10 (CoQ10)
- Others
By Form
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By Region:
North America:
Latin America:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Europe:
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
Middle East:
- GCC Countries
- Israel
- Rest of Middle East
Africa:
- South Africa
- North Africa
- Central Africa
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About Us:
Coherent Market Insights is a global market intelligence and
consulting organization that provides syndicated research reports,
customized research reports, and consulting services. We are known
for our actionable insights and authentic reports in various
domains including aerospace and defense, agriculture, food and
beverages, automotive, chemicals and materials, and virtually all
domains and an exhaustive list of sub-domains under the sun. We
create value for clients through our highly reliable and accurate
reports. We are also committed in playing a leading role in
offering insights in various sectors post-COVID-19 and continue to
deliver measurable, sustainable results for our clients.
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Coherent Market Insights
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