South Africa Vitamin Supplements Market Size & Outlook
South Africa vitamin supplements market, 2017-2030 (US$M)
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South Africa vitamin supplements market highlights
- The South Africa vitamin supplements market generated a revenue of USD 519.0 million in 2022 and is expected to reach USD 927.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Multivitamin is the most lucrative type segment registering the fastest growth during the forecast period.
Vitamin supplements market data book summary
| Market revenue in 2022 | USD 519.0 million |
| Market revenue in 2030 | USD 927.3 million |
| Growth rate | 7.5% (CAGR from 2022 to 2030) |
| Largest segment | Multivitamin |
| Fastest growing segment | Multivitamin |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K |
| Key market players worldwide | Glanbia PLC, Pfizer Inc, Bayer AG, Amway Malaysia Holdings, GlaxoSmithKline, Nestle SA, NOW Foods, Abbott Laboratories, Herbalife Ltd, Natures Sunshine Products Inc, Nu Skin Enterprises Inc Class A, Pharmavite, Good Health, RBK Nutraceuticals |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.1% of the global vitamin supplements market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa vitamin supplements market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 291.4 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa vitamin 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 vitamin supplements market will help companies and investors design strategic landscapes.
Multivitamin was the largest segment with a revenue share of 52.54% in 2022. Horizon Databook has segmented the South Africa vitamin supplements market based on multivitamin, vitamin a, vitamin b, vitamin c, vitamin d, vitamin e, vitamin k covering the revenue growth of each sub-segment from 2017 to 2030.
The vitamin supplements market in South Africa is experiencing rapid growth due to increased consumption among consumers in the region and the rise in the number of companies offering supplement products.
Additionally, it introduced new flavors to its existing product lineup. The updated formulation, named Efferflu C Immune Booster Plus, maintains vital components like vitamin C, zinc, and echinacea, and includes vitamin D.
The new facility has been designed to meet the growing demand in their well-established domestic and international markets, while also facilitating their entry into new markets, such as South Africa.
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Target buyers of South Africa vitamin supplements market databook
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Our clientele includes a mix of vitamin 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 vitamin supplements market , including forecasts for subscribers. This country databook contains high-level insights into South Africa vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa vitamin supplements market size, by type, 2017-2030 (US$M)
South Africa Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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