Globally, the vitamin tonics market is realizing an astonishing rise due to increasing tendency of people towards spending for preventive measures rather than treating the sickness later.
The Vitamin Tonics Market is predicted to be worth more than US$ 8.86 billion in 2022 and more than US$ 11.98 billion by 2032, with a CAGR of more than 6.6%.
The increased level of wellbeing consciousness among the general public is driving the global market for Vitamin Tonics. As urbanisation spreads over the world, an increasing proportion of the global population believes that it is difficult to expend enough energy to make a sophisticated dinner. Because nutritional requirements are frequently not satisfied, a few dietary issues may arise. Such people find Vitamin Tonics to be quite beneficial, which drives global demand.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Vitamin Tonics Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Vitamin Tonics market.
Key Vitamin Tonics Market Takeaways and Projections
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Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Vitamin Tonics market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Vitamin Tonics market.
Some of the prominent market players are profiled by FMI are:
Amway, Abbott Laboratories, Albert David Ltd., Vitabiotics Ltd., Seven Seas(a company of Merck KGaA), Sapiens Pharmaceuticals Ltd., Vitane Pharmaceuticals, Inc., Tonic Vitamins, New GPC, Inc., Raptakos Brett & Co. Ltd., Fitzory International Ltd., Lloyds Pharmacy, Cerebos Ltd, Scotch Industrial Thailand Co. Ltd. among others
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Vitamin Tonics Market: Segmentation
Vitamin Tonics market is classified on the basis of indication, distribution channel and geography.
Based on the product type, the global Vitamin Tonics market is segmented into the following:
Based on the distribution channel, the global Vitamin Tonics market is segmented into the following:
Region
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 18, 2023