South Africa Dietary Supplements Market Size & Outlook
South Africa dietary supplements market, 2018-2030 (US$M)
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South Africa dietary supplements market highlights
- The South Africa dietary supplements market generated a revenue of USD 1,188.5 million in 2023 and is expected to reach USD 2,164.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating ingredient in 2023.
- Protiens & Amino Acids is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Dietary supplements market data book summary
| Market revenue in 2023 | USD 1,188.5 million |
| Market revenue in 2030 | USD 2,164.7 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Protiens & Amino Acids |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Botanicals, Minerals, Protiens & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids |
| Key market players worldwide | Amway Malaysia Holdings, Abbott Laboratories, Bayer AG, Glanbia PLC, Pfizer Inc, Archer-Daniels Midland Co, Nu Skin Enterprises Inc Class A, GlaxoSmithKline, Herbalife Ltd, Natures Sunshine Products Inc, DuPont de Nemours Inc, Nestle SA, NOW Foods, RBK Nutraceuticals, Goodhealth |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.7% of the global dietary supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa dietary supplements market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,870.7 million by 2030.
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Dietary Supplements Market Scope
Dietary Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa dietary supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dietary supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 30.44% in 2023. Horizon Databook has segmented the South Africa dietary supplements market based on vitamins, botanicals, minerals, protiens & amino acids, fibers & specialty carbohydrates, omega fatty acids covering the revenue growth of each sub-segment from 2018 to 2030.
The market for dietary supplements in South Africa is experiencing robust growth driven by several key factors. There is a growing awareness and interest among the South African population regarding health and wellness. As people become more health-conscious, they are actively seeking ways to improve their overall well-being, which includes a focus on nutrition and dietary habits.
This heightened awareness has led to an increased demand for dietary supplements as individuals look for convenient and effective ways to fill nutritional gaps in their diets. The dietary supplements market in South Africa is driven by the increasing product consumption among millennials and rising government focus on creating awareness about the health benefits of dietary supplements.
South Africa has the highest obesity rate in Sub-Saharan Africa. This factor has encouraged manufacturers and suppliers of dietary supplements to target prospective consumers in the country.
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Target buyers of South Africa dietary supplements market databook
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Our clientele includes a mix of dietary supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa dietary supplements market , including forecasts for subscribers. This country databook contains high-level insights into South Africa dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa dietary supplements market size, by ingredient, 2018-2030 (US$M)
South Africa Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
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