NEWARK, Del, Jan. 15, 2024 (GLOBE NEWSWIRE) -- The valuation for the global super antioxidant supplements market was around US$ 529.6 million in 2023 and is projected to exhibit a CAGR of 5.4% over the forecast period. The market is expected to record a valuation of US$ 942.0 million by 2034.
An antioxidant-rich diet may reduce the risk of many diseases and conditions by eliminating harmful free radicals from the bloodstream. Super antioxidant supplements are gaining more acceptance and are regarded as beneficial. The market for super-antioxidant supplements is set to grow due to rising awareness among the population about the benefits of antioxidant supplements. The surge in health concerns and awareness about skin damage is further shifting customer preference toward super antioxidant supplements.
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Due to economic growth and rising disposable incomes in developing countries, the antioxidant supplements market has notably increased over the past years. Moreover, the distribution of products by various channels, which leads to easy accessibility, plays a key role in driving the market.
Surging preference for the consumption of multivitamin supplements for healthier skin among the elderly population accelerates its demand in countries with a rising aging population. Therefore, this is creating a lucrative opportunity for market players to uplift sales revenue.
Most businesses have launched products with beneficial components because of the market's apparent high demand for antioxidant-rich supplements. Additionally, market players are focusing on novel product development with an effective, enhanced formulation. For instance, Nature’s Bounty, a Nestle Health Science Company, launched a new line of jelly bean vitamins, an antioxidant supplement for overall wellness, in 2022.
“The increasing awareness and adoption of super antioxidant supplements, and the increasing concerns of skin related issues are propelling the growth of the super antioxidant supplements market across the geographies,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
Key Takeaways from the Super Antioxidant Supplements Market Study
- GliSODin is the leading ingredient segment, holding around 59.3% market share in 2024.
- The immune booster segment is set to lead in terms of the application of super antioxidant supplements with a projected market share of 41.5%.
- By distribution channel, online stores are leading in the super antioxidant supplements market with a market share of 39.9%.
- North America is the leading region in the super antioxidant supplements market, commanding a market share of 27.0%. Furthermore, this region is projected to witness a steady growth of 5.5% during the forecast period.
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Super Antioxidant Supplements Market Competition
The market for super antioxidant supplements consists of various emerging and established manufacturers. Key players have initiated activities like marketing campaigns to expand their business of novel super antioxidant supplements with enhanced efficacy.
- In June 2022, Puritan's Pride, the leading vitamin and supplement brand, announced the launch of an affordable personalized vitamin pack subscription program. This will help consumers to navigate supplement choices.
The recent developments related to companies manufacturing super antioxidant supplements have been tracked by the team at Future Market Insights, which are available in the full report.
Key Companies Profiled in the Super Antioxidant Supplements Market
- Healths Harmony
- Quten Research Institute, LLC
- Higher Nature Limited.
- Inlife Pharma Pvt. Ltd.
- NOW Foods
- Bluebonnet Nutrition Corporation
- Puritan's Pride, Inc.
- Vegepower
- Solgar Inc.
- Sigmaceutical
- Livestamin Healthcare LLP
- Nu-Gen Nutrition, Inc.
- Inlife Pharma Pvt. Ltd.
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Key Market Segments Covered in Super Antioxidant Supplements Industry Research
By Ingredients:
- GliSODin
- Pycnogenol
- CoQ10
By Application:
- Immune Booster
- Skin Care
- Others
By Distribution Channel:
- Hypermarket & Supermarket
- Online Stores
- Specialty Clinics
- Retail Pharmacies
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
About Healthcare Division at Future Market Insights
Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you to devise innovation-driven trajectories for your business.
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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