Global OTC Health Products Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. OTC medicine is also known as nonprescription medicine. They are safe and effective when used in accordance with the instructions on the label and as advised by a health care practitioner. Rising health consciousness and customer interest in active life are the primary drivers of industry expansion. Consumers prefer preventive measures to therapeutic measures when it comes to illnesses or diseases. People are living more actively as a result of the increased popularity of physical workouts, meditation, and yoga. Furthermore, the senior population is more vulnerable to infectious infections and requires supplements to boost immunity or correct nutritional deficiencies. According to the United States Census Bureau, more than 54 million adults aged 65 and up live in the United States , accounting for around 16.5 percent of the total population. As part of their marketing strategy, nutritional supplement companies are continually collaborating with athletes, fitness coaches, and celebrity trainers. For example, in May 2018, Herbalife International of America, Inc. announced a multi-year sponsorship renewal with soccer player Cristiano Ronaldo that finished in 2021 (2013-2021). These influencers educate customers in simple words about the advantages of substances while complying to regulatory restrictions on functional claims.
However, continual changes in the nutritional supplement regulatory environment restrict market progress throughout the forecast period of 2022-2028.
The key regions considered for the Global OTC Health Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader. The regional market is likely to be driven by an increase in nutritional supplement knowledge, an increase in the number of gyms and wellness facilities, and supportive government programmes. During the predicted period, the United States is expected to see profitable growth. People in the country, particularly the younger generation, are becoming more health-conscious as the prevalence of obesity-related disorders rise, which is one of the primary factors driving the country's adoption of nutritional items. During the forecast period, Asia Pacific is expected to develop at the fastest CAGR.
Major market players included in this report are:
Herbalife Nutrition
CV Sciences, Inc.
Medical Marijuana Inc.
Nature's Sunshine Products Inc.
Johnson and Johnson Services, LLC
GlaxoSmithKline Inc.
Bayer AG
American Health
THE BOUNTIFUL COMPANY (Nestle Health Science S.A.)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Cough, Cold and Flu Products
Dietary Supplements
Sports Nutrition Products
Probiotics
CBD Nutraceutical Products
By Form:
Liquid
Capsules/Tablets
Gummies
Others
By Demography:
Children
Adults
By Application:
Digestive health
Women's & Men's Health
Weight Control
Joint health
Immune Defense
Sports Formulation
Others
By Distribution Channel:
Retail pharmacies
Online
Hypermarkets, supermarkets, convenience stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global OTC Health Products Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. OTC Health Products Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. OTC Health Products Market, by Product, 2020-2028 (USD Billion)
- 1.2.3. OTC Health Products Market, by Form, 2020-2028 (USD Billion)
- 1.2.4. OTC Health Products Market, by Demography, 2020-2028 (USD Billion)
- 1.2.5. OTC Health Products Market, by Application, 2020-2028 (USD Billion)
- 1.2.6. OTC Health Products Market, by Distribution Channel, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global OTC Health Products Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global OTC Health Products Market Dynamics
- 3.1. OTC Health Products Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing prevalence of lifestyle diseases, including obesity & diabetes
- 3.1.1.2. Rise in the geriatric population
- 3.1.2. Market Challenges
- 3.1.2.1. Ongoing amendments in the regulatory framework of nutritional supplements
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing consumer willingness to spend on nutritional supplements
Chapter 4. Global OTC Health Products Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global OTC Health Products Market, by Product
- 6.1. Market Snapshot
- 6.2. Global OTC Health Products Market by Product, Performance - Potential Analysis
- 6.3. Global OTC Health Products Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
- 6.4. OTC Health Products Market, Sub Segment Analysis
- 6.4.1. Cough, Cold and Flu Products
- 6.4.2. Dietary Supplements
- 6.4.3. Sports Nutrition Products
- 6.4.4. Probiotics
- 6.4.5. CBD Nutraceutical Products
Chapter 7. Global OTC Health Products Market, by Form
- 7.1. Market Snapshot
- 7.2. Global OTC Health Products Market by Form, Performance - Potential Analysis
- 7.3. Global OTC Health Products Market Estimates & Forecasts by Form 2018-2028 (USD Billion)
- 7.4. OTC Health Products Market, Sub Segment Analysis
- 7.4.1. Liquid
- 7.4.2. Capsules/Tablets
- 7.4.3. Gummies
- 7.4.4. Others
Chapter 8. Global OTC Health Products Market, by Demography
- 8.1. Market Snapshot
- 8.2. Global OTC Health Products Market by Demography, Performance - Potential Analysis
- 8.3. Global OTC Health Products Market Estimates & Forecasts by Demography 2018-2028 (USD Billion)
- 8.4. OTC Health Products Market, Sub Segment Analysis
- 8.4.1. Children
- 8.4.2. Adults
Chapter 9. Global OTC Health Products Market, by Application
- 9.1. Market Snapshot
- 9.2. Global OTC Health Products Market by Application, Performance - Potential Analysis
- 9.3. Global OTC Health Products Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
- 9.4. OTC Health Products Market, Sub Segment Analysis
- 9.4.1. Digestive health
- 9.4.2. Women's & Men's Health
- 9.4.3. Weight Control
- 9.4.4. Joint health
- 9.4.5. Immune Defense
- 9.4.6. Sports Formulation
- 9.4.7. Others
Chapter 10. Global OTC Health Products Market, by Distribution Channel
- 10.1. Market Snapshot
- 10.2. Global OTC Health Products Market by Distribution Channel, Performance - Potential Analysis
- 10.3. Global OTC Health Products Market Estimates & Forecasts by Distribution Channel 2018-2028 (USD Billion)
- 10.4. OTC Health Products Market, Sub Segment Analysis
- 10.4.1. Retail pharmacies
- 10.4.2. Online
- 10.4.3. Hypermarkets, supermarkets, convenience stores
- 10.4.4. Others
Chapter 11. Global OTC Health Products Market, Regional Analysis
- 11.1. OTC Health Products Market, Regional Market Snapshot
- 11.2. North America OTC Health Products Market
- 11.2.1. U.S. OTC Health Products Market
- 11.2.1.1. Product breakdown estimates & forecasts, 2018-2028
- 11.2.1.2. Form breakdown estimates & forecasts, 2018-2028
- 11.2.1.3. Demography breakdown estimates & forecasts, 2018-2028
- 11.2.1.4. Application breakdown estimates & forecasts, 2018-2028
- 11.2.1.5. Distribution Channel breakdown estimates & forecasts, 2018-2028
- 11.2.2. Canada OTC Health Products Market
- 11.3. Europe OTC Health Products Market Snapshot
- 11.3.1. U.K. OTC Health Products Market
- 11.3.2. Germany OTC Health Products Market
- 11.3.3. France OTC Health Products Market
- 11.3.4. Spain OTC Health Products Market
- 11.3.5. Italy OTC Health Products Market
- 11.3.6. Rest of Europe OTC Health Products Market
- 11.4. Asia-Pacific OTC Health Products Market Snapshot
- 11.4.1. China OTC Health Products Market
- 11.4.2. India OTC Health Products Market
- 11.4.3. Japan OTC Health Products Market
- 11.4.4. Australia OTC Health Products Market
- 11.4.5. South Korea OTC Health Products Market
- 11.4.6. Rest of Asia Pacific OTC Health Products Market
- 11.5. Latin America OTC Health Products Market Snapshot
- 11.5.1. Brazil OTC Health Products Market
- 11.5.2. Mexico OTC Health Products Market
- 11.6. Rest of The World OTC Health Products Market
Chapter 12. Competitive Intelligence
- 12.1. Top Market Strategies
- 12.2. Company Profiles
- 12.2.1. Herbalife Nutrition
- 12.2.1.1. Key Information
- 12.2.1.2. Overview
- 12.2.1.3. Financial (Subject to Data Availability)
- 12.2.1.4. Product Summary
- 12.2.1.5. Recent Developments
- 12.2.2. CV Sciences, Inc.
- 12.2.3. Medical Marijuana Inc.
- 12.2.4. Nature's Sunshine Products Inc.
- 12.2.5. Johnson and Johnson Services, LLC
- 12.2.6. GlaxoSmithKline Inc.
- 12.2.7. Bayer AG
- 12.2.8. American Health
- 12.2.9. THE BOUNTIFUL COMPANY (Nestle Health Science S.A.)
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption