Next Generation Dietary Supplements Market: By Product (Cannabidiol, Microgel, and Inhibinol), By Distribution Channel (Offline Stores and Online Stores), and By Geographical Location (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast to 2030.

Next Generation Dietary Supplements Market size was valued at USD 10,752.3 million in 2023 and is expected to grow at a CAGR of 8.8% from 2024-2030. The high medical expenditures, sedentary lifestyles, limited government funds, and rising pricing for medical and diet items have led customers to seek out more cost-effective options, such as Next Generation Dietary Supplements. With rising consumer demand for key health concerns such as stress, mood, and sleep, next generation dietary supplements are made. In fact, 83% of participants in a recent study felt that taking cannabidiol enhanced their overall health and wellness. As many companies are introducing new products like gels for the replacement of tablets and capsules, this can increase the global next generation dietary supplements market expansion. Next Generation Dietary Supplements are comprised of active compounds extracted from plants.

They are generally utilized to cure a range of ailments due to their therapeutic characteristics. In recent years, increased consumer health concerns, combined with rising expenditures on preventative healthcare goods, have fueled the growth of the global next generation dietary supplements market. Furthermore, the high incidence of lifestyle disorders such as diabetes and obesity and the growing worldwide elderly population has increased the demand for next generation dietary supplements for health risk mitigation. Moreover, the widespread availability of these supplements has fueled the global Next Generation Dietary Supplements market expansion. Aside from that, increased R&D investments, bolstered by introducing newer and more innovative products, propel the industry forward. At a time when global health and dietary challenges necessitate rapid cutting-edge technologies and innovation to improve well-being, Skymount Medical announces the launch of Inhibinol, a next generation dietary supplement formulated with the assistance of artificial intelligence (AI) to support the immune system, critical antioxidant functions, and overall cardiovascular health. Additionally, the growing consumer preference for organic self-care products and plant-based supplements, notably in European countries, is boosting product demand which is increasing the global herbal supplement market share.

Key Developments in Next Generation Dietary Supplements Market

• On 21^st July 2022, Healthycell Launched the Next-Generation Personalized and Adaptive Supplements in Collaboration with Panaceutics.