Dietary supplements are big business. Last year, the U.S. market for dietary supplements was $27.6 billion, almost $10 billion more than we spend on athletic foot ware. According to a report by Grand View Research, the global market for dietary supplements will grow ten-fold to $278 billion by 2024.
But the more we learn about dietary supplements, the more public health questions they raise. Are dietary supplements safe? Are they effective? Who monitors manufacturing facilities, tests imported products and records adverse reactions?
According to the Food and Drug Administration, dietary supplements include vitamins, minerals, herbs, amino acids and enzymes that come in pills, powders and potions. They are available online and in convenience stores, supermarkets and nutrition shops. And they are promoted as having benefits that may sound too good to be true, including weight loss, enhanced athletic performance, reduced bad cholesterol and increased libido. Supplements may also claim to address annoying symptoms, such as ringing in the ear, anxiety, insomnia and arthritis. But dietary supplements are not medicines, and the FDA warns that they “are not intended to treat, diagnose, prevent or cure diseases.”
There are a few situations where a specific dietary supplement has proven to be beneficial. Obstetricians, for example, recommend women who are or who are planning to become pregnant take folic acid, which has been shown to help prevent birth defects. Lutein, which is also available in an assortment of fruits and vegetables, can help to slow the progression of macular degeneration. And many doctors recommend their patients take a daily multivitamin, although most studies have shown little if any health benefit.
Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2011-2016 market shares for each company. Through the statistical analysis, the report depicts the global and Chinese total market of Red Yeast Rice industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2016-2021 market development trends of Red Yeast Rice industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.