Older Adults Health Supplements Market Key Highlights:
- Market Size (2024): USD 182.9 Billion
- Projected Market Size (2034): USD 318.39 Billion
- CAGR (2024-2034): 5.7%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Older Adults Health Supplements Market Definition
Older adult population are constantly proactive about their health, focusing on prevention of treatment. As knowledge of the advantages of fitness, nutrition, and wellness has increased, seniors are more engrossed in utilizing dietary supplements to support long-term health, fuel vitality, and regulate chronic conditions associated with aging, such as diabetes, bone density loss, cognitive decline and arthritis. The organic, dietary products developed to address the special nutritional demands and health concerns of aging individuals. Older adult’s health supplements have antioxidants, minerals, amino acids, vitamins, and other nutrients that assists common age-related issues such as cognitive function, diabetes, blood pressure, bone health, heart health, joint mobility and low immunity.
- In October 2024, SUPPLE, health supplements brands, revealed the introduction of the high-end orthopedic drink mix created specifically for the best joint health and function. In contrast to conventional joint supplements that focus cost-cutting over quality, SUPPLE uses high-purity, clinically effective components and produces noticeable improvements in as little as seven days. Without the poor quality ingredients or inadequate dosages frequently seen in a well-known joint dietary supplement, the new SUPPLE DRINK INSTANT glucosamine drinkable combination helps customers stay active and feel fantastic.
While demand for older adults’ health supplements continues to grow, stringent federal regulations around the production and lack of awareness of hazardous chemicals limit growth in the older adults health supplements market. North America dominates the older adults health supplements market due to increasing research and development in the region.
- For instance, in October 2024, SupplySide Group, introduces SupplySide Fresh, a brand-new teaching initiative. In collaboration with Sonoran University of Health Sciences, a pioneer in the domains of naturopathic medicine, nutrition, and mental health and one of only five recognized naturopathic medical schools in North America, SupplySide Fresh is the first program of its kind to provide virtual and in-person engagement as well as online educational sessions to help new nutrition industry professionals quickly onboard and establish a sense of community. Short films produced by professionals in the field cover a wide range of subjects in two specially created courses, SupplySide Fresh Supplements and SupplySide Fresh Food & Beverage. These themes include legal and regulatory issues, strategic alliances, company management advice, technological use cases, and more.
The key players operating in the market are focused on adopting the inorganic growth strategies like partnership to develop joint supplements for older adult, which is estimated to drive the growth of the older adults health supplements market over the forecast period.
- For instance, in January 2024, Bioiberica, life science company, signed partnership with two companies to introduce joint health products with its branded components, Mobilee and Collavant n2. Collavant n2, a naturally occurring undenatured form of collagen, has a unique mode of action and a minimal dosage of effectiveness. Mobile, on the other hand, is a hyaluronic acid matrix substance that supports the health of muscles and joints by including collagen and polysaccharides. The business used this blend for the first time in Mexico when it teamed up with IFA Celtics to introduce Lialoflex, a formulation that includes 40 mg of Collavant n2 and 80 mg of Mobile per dose.
Older Adults Health Supplements Market Segmentation:
By Nature
By Form
- Pills
- Powders
- Liquids
- Energy Bars
By Flavour
- Orange
- Lemon
- Cherry
- Raspberry
- Chocolate
- Strawberry
By Sales Channel
- B2C
- Stores Based Retailing
- Grocery Retailers
- Modern Grocery Retailers
- Hyper Markets
- Super Markets
- Online Retailing
Older Adults Health Supplements Market Companies:
- Bayer AG
- Pharma Nord Inc.
- Epax Norway AS
- Validus Pharmaceuticals
- Lexicare Pharma Private Limited
- Biocare Copenhagen A/S
- Bright Food (Group) Co., Ltd
- Otsuka Pharmaceutical Co.,Ltd.
- Healthy Life Pharma Private Limited
- SNU Biocare
- Saipro Biotech Private Limited.
- V.R.Industries Pvt. Ltd
- Nutra Healthcare
- Nestle (Nutren)
- Others
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