Top 10 Dietary Supplements Companies | Latest Providers

Samruddhi Yardi
Samruddhi Yardi

Updated · Feb 27, 2024

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Dietary Supplements Market Overview

Dietary supplements encompass a variety of products designed to improve nutrient intake through vitamins, minerals, and herbal extracts. They are available in different formats like capsules, tablets, and powders, serving multiple functions like strengthening the immune system and supporting bone health.

Although FDA oversight is not as rigorous as prescription medications, it still provides a level of regulation. It’s essential to prioritize trusted brands and consult healthcare professionals before beginning any new supplement regimen, especially for those with medical conditions or taking medications.

Monitoring nutrient levels and adjusting supplement usage as necessary are also recommended for maintaining overall health.

Market Drivers

The global market for dietary supplements is fueled by factors like growing health awareness, an aging population, lifestyle shifts, and rising chronic illnesses. Consumers seek convenient ways to meet their nutritional requirements amid busy lifestyles and erratic eating patterns.

Expansion of distribution networks and product variety efforts by manufacturers aid market expansion. Regulatory backing and consumer education also build trust in supplement usage.

Emerging markets offer additional growth opportunities. These factors drive the global dietary supplements market, promoting health and wellness globally.

Market Size

In 2022, the global dietary supplements market reached USD 164.6 billion and is projected to grow to approximately USD 361.4 billion by 2032. During this period, it is anticipated to achieve a remarkable compound annual growth rate (CAGR) of 8.4%.

List of Major Companies

 These are the top ten companies operating in the Dietary Supplements Market:

Amway

Company Overview

Establishment Year1959
HeadquarterAda, Michigan, United States
Key ManagementMilind Pant (CEO)
Revenue (US$ Bn)$ 8.9 Billion (2022)
Headcount~ 15,000 (2022)
Websitehttps://www.amway.com/

About Amway

Amway is a globally recognized direct-selling company founded in 1959, renowned for its extensive range of health and wellness products, including dietary supplements. Operating in over 100 countries, Amway’s focus on promoting well-being is evident through its Nutrilite brand, offering supplements formulated with high-quality ingredients and backed by rigorous testing for safety and effectiveness.

Emphasizing natural ingredients and sustainable practices, Nutrilite products are trusted for their quality and efficacy. Amway provides personalized support and guidance through its network of independent distributors, empowering individuals worldwide to achieve healthier lifestyles.

Geographical Presence

Amway, a global direct-selling giant established in 1959, boasts a significant presence in over 100 countries and territories across six continents. With key markets in North America, Europe, Asia-Pacific, Latin America, and Africa, the company leverages a robust network of independent business owners to reach consumers worldwide.

From the United States and Canada to Germany, China, Brazil, and South Africa, Amway strategically expands its operations, tapping into diverse consumer bases and emerging markets. This widespread geographical reach underscores Amway’s dedication to empowering entrepreneurship and driving sustainable growth on a global scale.

Recent Developments

  • In January 2024, following the 7.6 magnitude earthquake in Japan on New Year’s Day, Amway pledged USD 50,000 towards recovery efforts to aid those affected by the calamity.
  • In December 2022, Amway unveiled its new Singapore Business Innovation Hub in collaboration with the Singapore Economic Development Board (EDB) in the Central Business District, marking a strategic move to expand its presence in the region.

Herbalife

Company Overview

Establishment Year1980
HeadquarterLos Angeles, California, United States
Key ManagementMichael O. Johnson (Chairman & CEO)
Revenue (US$ Bn)$ 5.2 B (2022)
Headcount~ 10,100 (2022)
Websitehttp://herbalife.com/

About Herbalife Nutrition

Established in 1980 by Mark Hughes, Herbalife Nutrition is a prominent global health and wellness player specializing in dietary supplements and other products. Operating in 90+ countries, it offers diverse nutritional supplements, weight management solutions, sports nutrition items, and personal care products.

The company aims to enhance global nutrition habits through science-backed formulations and individualized support. Herbalife Nutrition prioritizes safety and efficacy by rigorously testing its supplements with top-quality ingredients.

Through its network of independent distributors, it provides personalized guidance to customers, empowering them to achieve their health goals. Herbalife Nutrition is dedicated to promoting a healthy lifestyle with its innovative products and supportive community.

Geographical Presence

Herbalife Nutrition has a worldwide presence, spanning North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific. In North America, it uses a direct-selling model through distributors, while in Latin America, it targets health-conscious consumers in countries like Mexico and Brazil.

Europe presents opportunities in nations like the United Kingdom and Germany, where the company adapts to local cultures and regulations. Challenges in the Middle East and Africa are managed with a focus on markets like the United Arab Emirates and South Africa.

In the Asia-Pacific, including China and Japan, Herbalife Nutrition taps into the growing middle class and health trends. Its strategic expansion and adaptation to regional dynamics cement its global leadership in health and wellness.

Recent Developments

  • In March 2023, Herbalife met its goal of raising $1.5 million at its yearly Gala fundraiser, supporting 178 organizations across 59 countries through its “Casa Herbalife” initiative, which is dedicated to improving the health and welfare of children and families worldwide.
  • In August 2022, Herbalife Nutrition unveiled Herbalife One, a digital transformation project that introduced a unified platform for distributors and customers worldwide, streamlining their experience.

Abbott

Company Overview

Establishment Year1888
HeadquarterAbbott Park, Illinois, U.S
Key ManagementRobert B. Ford (Chairman & CEO)
Revenue (US$ Bn)$ 40.1 Billion (2023)
Headcount~ 114,000 (2023)
Websitehttp://abbott.com/

About Abbott Laboratories

Abbott Laboratories, established in 1888 by Dr. Wallace C. Abbott, is a respected global healthcare firm based in Illinois, USA, with operations spanning 160+ countries. Alongside infant formula and medical nutrition products, Abbott offers dietary supplements in its diverse portfolio.

These supplements, including the widely recognized Ensure brand, are scientifically crafted to cater to various health needs and enjoy global consumer trust. Abbott strongly focuses on product quality and safety, meeting stringent manufacturing standards and regulatory criteria.

Committed to innovation and education, Abbott remains a leading provider of dietary supplements, empowering individuals worldwide to make informed health choices.

Geographical Presence

Abbott Laboratories, headquartered in the United States, maintains a robust global presence across North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East. With critical operations in major countries like the USA, Germany, China, and India, Abbott strategically positions itself to serve diverse healthcare markets and populations worldwide.

Leveraging its extensive geographical footprint, Abbott delivers innovative pharmaceuticals, medical devices, diagnostics, and nutritional products, catering to the healthcare needs of millions globally.

Recent Development

  • In January 2024, Abbott introduced its new PROTALITY brand, featuring a high-protein nutrition shake. This line’s initial product is tailored to adults seeking weight loss while preserving muscle mass and overall nutrition.
  • In January 2024, Abbott obtained FDA approval to release the Liberta RC DBS system, the world’s smallest rechargeable device for deep brain stimulation (DBS), featuring remote programming. It aims to assist individuals with movement disorders.

Pfizer

Company Overview

Establishment Year1849
HeadquarterThe Spiral, New York City, U.S.
Key ManagementAlbert Bourla (CEO)
Revenue (US$ Bn)$58.8 Billion (2023)
Headcount~ 88,000 (2023)
Websitehttp://pfizer.com/

About Pfizer

Pfizer Inc., founded in 1849 and headquartered in New York, USA, is a leading pharmaceutical company known for its diverse portfolio. Alongside prescription medications, Pfizer offers dietary supplements designed to support various aspects of health and wellness.

These supplements are formulated with high-quality ingredients and undergo rigorous testing for safety and efficacy. Pfizer’s commitment to innovation and research ensures that its dietary supplements meet the needs of consumers seeking to enhance their health through nutrition. With its global presence and reputation for excellence, Pfizer is a trusted provider of dietary supplements worldwide.

Geographical Presence

Pfizer Inc., a leading pharmaceutical company, has a significant global presence spanning North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. In North America, Pfizer operates research facilities and distribution networks in the US and Canada.

Key markets like the UK, Germany, and France are research and commercial activities hubs in Europe. The company targets growth opportunities in Asia-Pacific markets such as Japan, China, and Australia.

Latin America, including Brazil and Mexico, and the Middle East and Africa also play essential roles in Pfizer’s operations. Pfizer’s extensive global footprint highlights its commitment to advancing healthcare worldwide through innovation and collaboration.

Recent Development

  • In February 2024, Pfizer revealed that the EC had authorized the marketing of VELSIPITY (etrasimod) in the EU for treating moderately to severely active ulcerative colitis (UC) in patients aged 16 and above.
  • In December 2023, Pfizer disclosed its acquisition of Seagen Inc., a global biotech firm specializing in discovering, developing, and commercializing revolutionary cancer medications.

Glanbia

Company Overview

Establishment Year1997
HeadquarterKilkenny, Ireland
Key ManagementHenry Corbally (Chairman)
Revenue (US$ Bn)$6.0 B (2022)
Headcount~ 6,163 (2022)
Websitehttp://www.glanbia.com/

About Glanbia

Glanbia plc, founded in 1997 and based in Ireland, is a critical player in the nutrition sector, offering diverse dietary supplements. Operating worldwide and serving clients in 130+ countries, Glanbia focuses mainly on performance nutrition.

Its range of supplements includes protein powders, pre-workouts, vitamins, and minerals, catering to athletes, fitness enthusiasts, and those prioritizing overall well-being.

Glanbia strongly emphasizes quality and innovation, drawing on its nutritional expertise and research to develop products that meet consumer needs and industry standards. Glanbia remains a trusted choice for dietary supplements worldwide with its global reach and dedication to excellence.

Geographical Presence

Glanbia plc, based in Ireland, has a solid global presence spanning North America, Europe, and emerging markets. In North America, it operates extensively in the United States and Canada, while in Europe, it serves markets such as the UK, Germany, and France.

The company also targets growth in Asia Pacific, Latin America, and the Middle East. This diverse reach highlights Glanbia’s leadership in the nutrition industry.

Recent Developments

  • In March 2023, Glanbia and Leprino reached a non-binding agreement to acquire complete ownership of Glanbia Cheese.
  • In November 2021, Glanbia plc and Glanbia Co-op signed a memorandum of understanding (MOU) for Glanbia plc to sell its 40% stake in Glanbia Ireland DAC to Glanbia Co-op.

Cargill

Company Overview

Establishment Year1865
HeadquarterMinnetonka, Minnesota, U.S.
Key ManagementBrian Sikes (Chairman and CEO)
Revenue (US$ Bn)$ 165 Billion (2022)
Headcount~ 155,000 (2023)
Websitehttp://www.cargill.com/

About Cargill Incorporated

Established in 1865, Cargill Incorporated is a prominent global corporation in the food and agriculture sectors. Cargill also offers dietary supplements and extensive products and services, like food ingredients, agriculture, and animal nutrition.

These supplements are integral to its commitment to delivering top-quality nutritional solutions that cater to consumer needs. Cargill utilizes its food science and innovation expertise to create diverse dietary supplements encompassing vitamins, minerals, and specialty ingredients.

With a strong emphasis on quality and safety, Cargill ensures that its supplements comply with regulatory standards and meet customer expectations. Through its worldwide presence and steadfast commitment to sustainability, Cargill remains a trusted provider of dietary supplements.

Geographical Presence

Cargill Incorporated, based in Wayzata, Minnesota, is a leading global company in agriculture and food. With a strong presence worldwide, it operates across North America, Latin America (including Brazil, Argentina, and Chile), Europe (such as the UK, Germany, France, and the Netherlands), Asia-Pacific (including China, India, and Australia), Africa (including Ivory Coast and Ghana), and the Middle East.

Engaging in various sectors like grain processing, cocoa, oilseeds, and animal feed, Cargill plays a crucial role in the global food and agriculture supply chain, demonstrating its commitment to sustainability.

Recent Developments

  • In February 2024, Cargill and ENOUGH extended their existing partnership to advance innovative, nutritious, and sustainable alternative meat and dairy solutions in response to consumer demand.
  • In September 2023, Cargill inaugurated its European Protein Innovation Hub in Saint-Cyr en Val, France. This new site will allow customers to develop exciting, protein-rich menu concepts collaboratively. It includes a customer experience zone, an advanced test kitchen, and a specialized pilot plant for experimenting with novel products and ideas.

Bayer

Company Overview

Establishment Year1863
HeadquarterWestphalia, Germany
Key ManagementBill Anderson (CEO)
Revenue (US$ Bn)$ 53.4 Billion (2022)
Headcount~ 100,873 (2022)
Websitehttps://www.bayer.com/

About Bayer

Based in Germany, Bayer AG is a renowned pharmaceutical and life sciences company with a wide-ranging product portfolio. In addition to pharmaceuticals, Bayer also provides dietary supplements to promote health and wellness.

These supplements are carefully formulated to support various aspects of health, such as vitamins, minerals, and specialized nutrients. Bayer prioritizes quality and innovation in its supplement offerings, drawing on scientific research and development expertise. With a focus on enhancing human health, Bayer is a trusted global provider of dietary supplements.

Geographical Presence

Bayer maintains a robust global presence spanning Europe, North America, Asia-Pacific, Latin America, and Africa. Operating in critical markets like Germany, France, the UK, Italy, Spain, the US, Canada, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, and Colombia, Bayer leverages advanced healthcare infrastructure and sophisticated systems for extensive research, product commercialization, and sustainable innovation.

Bayer AG’s global footprint underscores its commitment to delivering innovative solutions and fostering sustainable growth worldwide.

Recent Developments

  • In January 2024, Bayer implemented a new global operating model, “Dynamic Shared Ownership” (DSO), to enhance agility and significantly boost operational efficiency.
  • In January 2024, Bayer AG and Asklepios BioPharmaceutical, Inc. revealed the commencement of GenePHIT, a Phase II study evaluating AB-1002 for congestive heart failure (CHF) treatment.

Archer-Daniels-Midland

Company Overview

Establishment Year1902
HeadquarterChicago, Illinois, U.S.
Key ManagementJuan Luciano (Chairman and CEO)
Revenue (US$ Bn)$ 101.6  Billion (2022)
Headcount~ 42,001 (2022)
Websitehttp://adm.com/

About Archer-Daniels-Midland

Archer-Daniels-Midland Company, founded in 1902 and headquartered in Chicago, Illinois, is a leading global agricultural processor and food ingredient provider. In addition to its core businesses, ADM also offers dietary supplements. These supplements are crafted to support various aspects of health and wellness, including vitamins, minerals, and specialty nutrients.

ADM prioritizes quality and innovation in its supplement offerings, leveraging its agricultural processing and nutritional science expertise. With a commitment to delivering top-quality products, ADM continues to be a trusted provider of dietary supplements globally.

Geographical Presence

ADM, headquartered in Chicago, Illinois, has a vast presence across 200+ countries and territories. Strong in North America, it connects deeply with the agriculture and food sectors. Operations span Europe, Asia-Pacific, Latin America, and Africa, accessing resources and diverse consumers.

In Europe, it excels in food and feed ingredients; in Asia-Pacific, it thrives on rising agricultural and renewable demand. Latin America sees significant investments in infrastructure, while Africa presents emerging opportunities. ADM’s global reach showcases dedication to innovation, sustainability, and meeting varied market demands.

Recent Developments

  • In October 2023, ADM invested $33 million to establish a new pet food production line in Guadalajara, Jalisco. This expansion will boost the manufacturing workforce by 65% and streamline dry pet food production for the Ganador and Minino brands. Additionally, it will facilitate the introduction of new product lines within ADM’s portfolio.
  • In October 2023, Nutramax and ADM Protexin extended their longstanding partnership, granting ADM Protexin management rights for select Nutramax brands in Europe and several APAC markets, with plans for further global expansion. This agreement strengthens the existing successful collaboration between the two companies.

DuPont-de-Nemours

Company Overview

Establishment Year1802
HeadquarterWilmington, Delaware, USA
Key ManagementEdward D. Breen (Executive Chairman & CEO)
Revenue (US$ Bn)$ 12.1 Billion (2023)
Headcount~ 23,000 (2023)
Websitehttp://www.dupont.com/

About DuPont de Nemours

DuPont de Nemours Inc., commonly called DuPont, is a renowned global conglomerate with a rich history from 1802. Headquartered in Wilmington, Delaware, DuPont operates across various sectors, including agriculture, materials science, and specialty products. Within its diversified portfolio, DuPont also offers dietary supplements.

These supplements are meticulously formulated to support various health needs, incorporating vitamins, minerals, and specialized nutrients. DuPont emphasizes quality and innovation in its supplement offerings, leveraging its extensive research and development capabilities. With a commitment to advancing human health and well-being, DuPont remains a trusted provider of dietary supplements worldwide.

Geographical Presence

DuPont, a leading multinational corporation, boasts a formidable global presence, with headquarters primarily in the United States. It maintains solid domestic operations while strategically expanding across Europe, Asia-Pacific, Latin America, Africa, and the Middle East.

DuPont leverages its diverse geographical footprint to drive innovation and sustainable growth worldwide through research, production, and strategic partnerships.

Recent Developments

  • In September 2023, DuPont inaugurated its latest adhesives manufacturing plant in Zhangjiagang, East China. This facility will supply adhesives to customers in the transportation sector, focusing on lightweight and the rapidly expanding vehicle electrification market.
  • In May 2023, DuPont entered a definitive agreement to acquire Spectrum Plastics Group from AEA Investors.

Nestle

Company Overview

Establishment Year1866
HeadquarterVevey, Switzerland
Key ManagementPaul Bulcke (Chairman)
Revenue (US$ Bn)$ 98.9 Billion (2022)
Headcount~ 275,000 (2022)
Websitehttps://www.nestle.com/

About Nestlé

Nestlé, headquartered in Vevey, Switzerland, is a global leader in the food and beverage industry renowned for its diverse product range. Nestlé provides dietary supplements alongside its core offerings, reflecting its commitment to promoting consumer health and wellness.

These supplements are carefully crafted to address various nutritional needs, incorporating vitamins, minerals, and specialty nutrients. Nestlé prioritizes quality and innovation in its supplement offerings, drawing on its extensive research and development capabilities. With a focus on enhancing overall well-being, Nestlé is a trusted provider of dietary supplements worldwide.

Geographical Presence

Nestlé, headquartered in Vevey, Switzerland, has a vast global presence, operating in numerous countries across continents. It strategically positions itself in critical markets, tailoring offerings to diverse consumer preferences.

With significant operations in Europe, the Americas, Asia Pacific, Africa, and the Middle East, Nestlé adapts its products to resonate with local cultures and preferences. This extensive geographical reach underscores Nestlé’s commitment to delivering high-quality products worldwide, solidifying its food and beverage industry leadership.

Recent Developments

  • In October 2022, Starbucks and Nestlé revealed Nestlé’s intention to purchase Seattle’s Best Coffee brand from Starbucks. This move supports Nestlé’s goal of fostering continued profitable growth in the coffee sector and enhances the Global Coffee Alliance, enabling both companies to concentrate on their key strengths.
  • In August 2021, Nestlé Health Science disclosed its acquisition of The Bountiful Company’s main brands.
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Samruddhi Yardi

Samruddhi Yardi

Samruddhi Yardi has done her MBA in Marketing, and after working in sales for 2.5 years, she has shifted to the market research industry. As Samruddhi is a pharma graduate, she is working in the Healthcare domain as a Research associate. She also contributes to chemical, consumer goods, agriculture, and food & beverages.