27
3.5 Global Market of Supplements
Globally, the nutrition and supplements market stood at over US $90 billion.
Research analysis of various markets with large nutrition and dietary supplements
industries show interesting sales numbers and growth projections (Nasdag 2015;
CMR 2015). The global mineral supplement market is increasing due to a growing
geriatric population, demand from pregnant women, and rising urban population.
With the increasing population of baby boomers, spending on mineral supplements
is anticipated to increase. The mineral supplement market consists of macro-minerals, calcium, phosphorous, zinc, alkaline pH booster, sodium, potassium, chlorine,
sulfur, magnesium, and trace minerals: iron, boron, manganese, chromium, copper,
iodine, cobalt, fluoride, selenium, colloidal silver. The global mineral supplements
market was valued at $9.9 million in 2014 and was expected to grow at a rate of
7.5% during the period 2015–2020 (http://www.researchandmarkets.com/research/
xjrcm6/global_mineral).
Vitamin and poly-vitamin supplements are very popular and their use as supplements, supported by commercial advertising is growing every year. The global vitamin supplements market, was estimated to be valued at US$37 billion in 2014, and
is expected to grow at 6.5% annually from 2014 to 2020. This is mainly attributed
to growing demand among consumer about preventative healthcare. Furthermore,
increasing cost of healthcare pushes people to turn towards vitamin supplements in
the hope that this could prevent disease. Vitamin supplements included vitamins C,
E, B, A, β-carotene, K, niacin, folic acid, etc) (https://www.psmarketresearch.com/
market-analysis/ vitamin-supplements-market). According to recent United State
(US) Food Drug Administration (FDA) testimony, dietary supplements, including
vitamins, were consumed by 158 million Americans in the year 2000, which is more
than 50% of the US population. Surveys showed that alternative medical therapies
and herbal supplements were used by over 80 million people in the USA (Kennedy
2005; Wilson et al. 2006).
3.6 Supplement Formulations
Food supplements are in various packages, sizes and types, depending on how
they are taken. There are tablets, capsules, powders, oral ampoules, effervescent tablets, chocolates and mastics which is available in syrup form or otherwise. More specifically, food supplements can be taken in any of the following
forms: (a) oral pills or powders for relatively quick absorption; (b) sublingual
drops or oral disintegrated tablets, for ease of intake and to limit the damage of
their active substance; (c) nose spray or drops to further improve their absorption; (d) injectables through intravenous and intramuscular injections for quick
absorption and action; (e) bone- anchored for slow and gradual absorption and
prolonged action (American Diabetes Association ADA 2001). Some supple3 Dietary Supplements: Types, Health Benefits, Industry and Regulation
3.5 Global Market of Supplements
Globally, the nutrition and supplements market stood at over US $90 billion.
Research analysis of various markets with large nutrition and dietary supplements
industries show interesting sales numbers and growth projections (Nasdag 2015;
CMR 2015). The global mineral supplement market is increasing due to a growing
geriatric population, demand from pregnant women, and rising urban population.
With the increasing population of baby boomers, spending on mineral supplements
is anticipated to increase. The mineral supplement market consists of macro-minerals, calcium, phosphorous, zinc, alkaline pH booster, sodium, potassium, chlorine,
sulfur, magnesium, and trace minerals: iron, boron, manganese, chromium, copper,
iodine, cobalt, fluoride, selenium, colloidal silver. The global mineral supplements
market was valued at $9.9 million in 2014 and was expected to grow at a rate of
7.5% during the period 2015–2020 (http://www.researchandmarkets.com/research/
xjrcm6/global_mineral).
Vitamin and poly-vitamin supplements are very popular and their use as supplements, supported by commercial advertising is growing every year. The global vitamin supplements market, was estimated to be valued at US$37 billion in 2014, and
is expected to grow at 6.5% annually from 2014 to 2020. This is mainly attributed
to growing demand among consumer about preventative healthcare. Furthermore,
increasing cost of healthcare pushes people to turn towards vitamin supplements in
the hope that this could prevent disease. Vitamin supplements included vitamins C,
E, B, A, β-carotene, K, niacin, folic acid, etc) (https://www.psmarketresearch.com/
market-analysis/ vitamin-supplements-market). According to recent United State
(US) Food Drug Administration (FDA) testimony, dietary supplements, including
vitamins, were consumed by 158 million Americans in the year 2000, which is more
than 50% of the US population. Surveys showed that alternative medical therapies
and herbal supplements were used by over 80 million people in the USA (Kennedy
2005; Wilson et al. 2006).
3.6 Supplement Formulations
Food supplements are in various packages, sizes and types, depending on how
they are taken. There are tablets, capsules, powders, oral ampoules, effervescent tablets, chocolates and mastics which is available in syrup form or otherwise. More specifically, food supplements can be taken in any of the following
forms: (a) oral pills or powders for relatively quick absorption; (b) sublingual
drops or oral disintegrated tablets, for ease of intake and to limit the damage of
their active substance; (c) nose spray or drops to further improve their absorption; (d) injectables through intravenous and intramuscular injections for quick
absorption and action; (e) bone- anchored for slow and gradual absorption and
prolonged action (American Diabetes Association ADA 2001). Some supple3 Dietary Supplements: Types, Health Benefits, Industry and Regulation