Asia-Pacific Dietary Supplements Market Outlook, 2027

Asia-Pacific Dietary Supplements Market Outlook, 2027

The Dietary supplements include vitamins, minerals, probiotics, herbs, protein and amino acids. They come in many forms like pills, powders, liquids, chips, biscuits and bars that can eat or drink. Most of the people take dietary supplements to fill in the nutritional gaps in their diet. Others supplements in hopes of preventing most of the disease or achieving specific wellness goals. The evidence whether dietary supplements are effective is mixed. There’s a huge variety of dietary supplements on the market from Retinol to zinc and everything in between that aim to address a spectrum of health conditions Dietary habits. Following a restrictive diet such as a keto or vegan diet increases chances of nutrient deficiencies. Lifestyle factors like travel a lot, work long hours, or live somewhere without access to a wide variety of nutritious foods. Physical considerations like should not be able to eat or digest certain foods and need another method of getting nutrients, pregnant or breastfeeding often need supplements. Some Certain medical conditions also increase the chances of developing nutrient deficiencies. For example, people with type 2 diabetes are more likely to be deficient in nutrients like cyanocobalmin and magnesium Personal health history. Mineral deficiency will address a particular health challenge. The Food Drug Administration does not regulate dietary supplements in the same way as drugs instead; it regulates them in a similar way to food. This means it does not have the authority to weigh in the safety or effectiveness of a supplement. That responsibility is left to the supplement maker.

According to the report title “Asia-Pacific Dietary Supplements Market Outlook, 2027”, published by Bonafide Research, The Asia-Pacific dietary supplements market size was valued at USD 51.99 Billion in 2021 and is expected to expand at a CAGR of more than 10% from 2022 to 2027.

The Asia Pacific is likely to register the fastest CAGR over the forecast period. Due to rising awareness about a healthy diet and overall well-being, coupled with increasing disposable income, is expected to boost the product demand in the region. Consumers in the Asia- pacific region are becoming increasingly conscious about their diets, propelling the growth of the nutritional supplements market. China captured the largest revenue share in 2021. Japan, China, and India, Australia have been identified as the prominent markets in the Asia Pacific region. The botanicals segment held the largest revenue share of over 31.83% in 2021 Probiotics have been in demand since they promote a healthy gut, resulting in lesser changes in the stomach and GI-related chronic problems. On the basis of formulations, the tablet segment dominated the Asia-pacific dietary supplements market in 2021, accounting for around more than 42% of market share, in terms of revenue, followed by capsules. The exterior of the capsule is made up of gelatin or starch, which contains active ingredients.

Further, the infants and children and pregnant women segment is expected to expand at a significant growth rate over the forecast period due to an increase in the number of people moving towards a fitter and active lifestyle The adult population due to their inactive lifestyles and rapid urbanization has become more predisposed to getting chronic diseases like diabetes, hypertension, and cardiovascular diseases. China is the largest Vitamin Dietary Supplements market in the world. Most Chinese people considered a healthy lifestyle to include physical and mental health a healthy lifestyle should be without physical illness and with positive mental health, good social life etc. Vitamin E is the most popular vitamin in China Energy and weight management supplements are expected to grow further due to the growing awareness to improve maternal health. The availability of a wide range of dietary supplements under one roof at appealing discounts is primarily contributing to the increased share of supermarkets or hypermarkets.

Covid impact
During this covid-19 pandemic, everyone is susceptible for becoming a carrier of Corona virus, but it is especially affecting those who have low immune systems such as senior citizens, above 40 ages. The Health organizations across the world are reporting the best practices to limit transmission and advising citizens on ways to enhance their immune system. These suggestions include getting a good night sleep, maintaining a healthy diet, exercising moderately, and taking dietary supplements. Because of the high awareness of regarding boosting the immune systems many consumers are more focused towards the consumption of dietary supplements which has lead in increase in the sales of the dietary supplements market.

Major Companies present in the market:
Herbalife Nutrition, AMWAY Corp., Bayer AG, Pfizer Inc., GlaxoSmithKline plc., Abbott Laboratories, Glanbia plc, Archer Daniels Midland Company, Nu Skin Enterprises, Inc., Bionova Lifesciences, The Bountiful Company, Nature’s Sunshine Products, Inc., Otsuka Holdings Co., Ltd., Stepan Company, DSM, State Mines, Surya Herbal Ltd., BASF SE

Considered in this report
• Geography: Asia-Pacific
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Asia-Pacific Dietary Supplements Market with its value and forecast along with its segments
• Country wise Dietary Supplements market analysis
• Application wise Dietary Supplements distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• China
• Japan
• India
• Australia
• South Korea

Based on type of dietary supplementsin the report:
• Vitamins
• Minerals
• Botanical/herb supplements
• Amino acid & proteins
• Probiotics
• Others

Based on formulation type of dietary supplementsin the report:
• Tablets
• Capsules
• Powder
• Liquid
• Others

Based on end user of dietary supplementsin the report:
• Adults
• Infant/Children
• Pregnant women
• Others

Based on application type in the report:
• Energy & weight management
• Bone & joint health
• Immunity & digestive health
• General health
• Cardiac health
• Others

Based on distribution channel type in the report:
• Pharmacies & Drug stores
• Supermarkets & Hypermarkets
• Online retails
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to pharmaceutical industry, food & beverage industry, cosmetic industry, nutrition industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.