Increasing consumer awareness of the harmful impacts of chemical-laden products is spurring the demand for heart-healthy supplements.
New York, Oct. 19, 2023 (GLOBE NEWSWIRE) — In 2023, the global heart health supplements market had a value of USD 10,765.80 million and is projected to exhibit a 4.5% compound annual growth rate (CAGR) from 2023 to 2033, reaching a total worth of USD 16,718.95 billion by 2033.
The global market for heart health supplements profits from the growing awareness among consumers about preventive healthcare. The availability of innovative products catering to specific health needs and being easily accessible are key factors fuelling the market’s growth.
Increasingly, consumers are adopting high-quality foods that promote better health and consistent nutritional value. This has led to a preference for healthier dietary habits and lifestyle changes, particularly as the number of cardiovascular disease cases continues to rise, making heart health a top priority.
North America is a prominent region in the global heart health supplements market, primarily due to the increasing incidence of cardiovascular diseases. In recent years, heart diseases have been a leading cause of adult mortality in the United States, with approximately one-third of the U.S. population estimated to use some form of supplement to support heart health, as reported by the National Institutes of Health (NIH).
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|Market Revenue 2023||US$ 10,765.80 million|
|Estimated Revenue 2033||US$ 16,718.95 million|
|Growth Rate – CAGR||4.5%|
|No. of Pages||244 Pages|
|Market Segmentation||By Form, By Ingredient, By Sales Channel, By Region|
|Regions Covered||North America, Latin America, Europe, Asia Pacific, Middle East & Africa|
|Companies Covered||Bayer AG, USANA Health Sciences, Inc., Sanofi, Koninklijke DSM N.V., Pfizer Inc., Abbott Laboratories, Herbalife Nutrition Ltd., GNC Holdings Inc, Chr. Hansen Holding A/S, BASF SE, Amway, NOW Health Group, INC., Nutramax Laboratories, INC., The Nature’s Bounty Co., Nature’s Way Products, LLC.|
Aging Population: As the global population continues to age, there’s an increased prevalence of cardiovascular diseases. Heart health supplements are likely to remain in demand among older individuals seeking preventive and management measures for heart-related issues.
Increasing Awareness: Growing awareness of the importance of heart health and preventive measures may drive the demand for heart health supplements. Consumer education campaigns and information dissemination via digital media may contribute to this awareness.
Personalized Nutrition: Advances in genetic testing and personalized nutrition are likely to play a role. Individuals may seek supplements tailored to their specific genetic predispositions or health needs, including heart health.
Plant-Based and Natural Ingredients: Consumers are increasingly looking for natural and plant-based supplements. Ingredients like omega-3 fatty acids from algae, Coenzyme Q10, and red yeast rice could be of interest to health-conscious consumers.
Telehealth and E-Commerce: The expansion of telehealth services and e-commerce platforms for purchasing supplements may simplify access for consumers, potentially increasing the market’s reach.
Research and Development: Ongoing research into heart health and the development of new and more effective supplements can drive the market. Scientific discoveries related to ingredients, formulations, and delivery methods could have a significant impact.
Global Health Challenges: Emerging health crises and pandemics may raise concerns about overall health and boost interest in preventive health measures, including heart health supplements.
Mental Health and Stress: The connection between stress and heart health is well-established. Supplements that address stress and anxiety may be marketed as part of a holistic approach to heart health.
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Frequently Asked Questions
1. What is the current size of the Heart Health Supplements market?
The Heart Health Supplements market reached a value of USD 10,765.80 Million in 2023.
2. What is the expected growth rate of the Heart Health Supplements market?
The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2023 to 2033.
3. Which region dominated the Heart Health Supplements market in terms of market share?
North America held the largest share in the Heart Health Supplements market.
4. Among the sales channels and form segments in the Heart Health Supplements market, which ones are expected to have higher growth potential?
Online retail sales of heart health supplements are anticipated to demonstrate a more robust CAGR of 6.6% over the forecast period.
5. Which application category had the most significant market share in the Heart Health Supplements market?
The child category accounted for the largest share in the market.
Some of the key restraints in the heart health supplements market include:
Regulatory Constraints: The heart health supplements market is subject to strict regulations and oversight by government agencies, such as the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA). These regulations can limit the types of claims that companies can make about the efficacy of their products and impose strict quality control standards, which can be costly and time-consuming to meet.
Limited Efficacy Evidence: The efficacy of many heart health supplements is still a subject of ongoing research. While some supplements have shown promising results in studies, there is often not enough robust scientific evidence to conclusively prove their effectiveness in preventing or treating heart conditions. This lack of clear evidence can deter consumers and healthcare professionals from endorsing these products.
Market Saturation: The heart health supplements market is highly competitive, with numerous products and brands vying for consumer attention. This saturation can make it difficult for new entrants to gain a foothold and for existing companies to stand out in a crowded marketplace.
Consumer Scepticism: Consumers are becoming more discerning and cautious when it comes to health-related products. They may be sceptical about the claims made by heart health supplement manufacturers and demand greater transparency and proof of efficacy. This scepticism can limit the growth of the market.
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Heart Health Supplements Market Future Outlook
The heart health supplements market appears promising as awareness of cardiovascular health continues to grow globally. With an aging population, increasing incidence of heart-related conditions, and a rising interest in preventive healthcare, the demand for heart health supplements is expected to continue rising. Consumers are becoming more conscious of the importance of maintaining a healthy heart through dietary and lifestyle choices, and this trend is likely to drive the growth of the heart health supplements market.
The heart health supplements market also faces challenges, including concerns about product quality, safety, and efficacy. Consumers are increasingly discerning, and they expect transparency and scientific validation for the claims made by these supplements. Regulatory scrutiny and quality control will be critical in maintaining consumer trust.
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Originally published at https://www.einpresswire.com/article/662890671/heart-health-supplements-market-size-is-anticipated-to-grow-usd-16-718-95-million-at-a-cagr-of-4-5-by-2033-report-by-persistence-market-research