According to the most recent research from Future Market Insights, the worldwide women's health supplement market was valued at over US$ 1,42,645.6 million in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of almost 7.5% during the forecast period. From US$ 1,52,169.9 million in 2024 to US$ 2,94,014.8 million in 2034 is anticipated to be the market valuation.
The women’s health supplement market has been expanding in recent years. Women are refocusing on taking vitamins & minerals and practicing preventative medicine.
Around half of women over the age of 65 in North Carolina are said to be dealing with two or more chronic conditions, according to the Center for Women's Health Research at UNC Report Card 2022. It is a progress report that focuses on the health and healthcare requirements of North Carolina's 5+ million women. Chronic illness has a detrimental effect on women's general physical, emotional, and financial well-being.
Women suffering from post-menopausal symptoms of hot flashes, calcium deficiency, difficulty in concentrating, depression, and mental confusion are commonly found problems. Along with this, anemia is extremely common in women of menstruating age, for whom these dietary supplements are very beneficial on a day-to-day basis.
The National Health and Nutrition Examination Survey found that 57.6% of people in the United States aged 20 and above have used a dietary supplement within the previous 30 days. Women were more likely than men to have done so (63.8%).
Due to the rising number of working women and their increased concern for well-being, the demand for different health & beauty supplements has been rising globally. The market for several health supplements among women to keep them fit to deal with a fast-paced life has also been considerably impacted. This is due to the increased awareness among women to maintain a healthy lifestyle and minimize stress.
Competition Landscape
The women’s health supplement market is witnessing high demand as individuals become increasingly concerned about their health. This has led to a surging adoption of these supplements by customers, driving growth of the market. The market is characterized by the presence of several players, including local, emerging, and established companies.