Asia-Pacific Nutritional Supplement Market Analysis by Product Type (Sports Nutrition, Dietary Supplements, and Functional Foods and Beverages); by Consumer Group (Children, Adults and Others); by Application (Immune Health, Bone & Joint Health, and Others); by Formulation (Capsules, Powder, and Others); and by Gender (Male and Female)-Supply & Demand Analysis & Opportunity Outlook 2023-2033

  • Product Code:
    RP-ID-10352441
  • Published Date:
    21 Oct 2022
  • Region:
    Regional
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2021 Base Year, 2022 Estimated year and Forecast till 2031 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2021 as base year, 2022 as estimated year and forecast to 2031. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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Asia-Pacific Nutritional Supplement Market Report

Base Year

2022

Forecast Year

2023-2033

CAGR

~6%

Base Year Market Size (2022)

 ~ USD 140 Billion

Forecast Year Market Size (2033)

~ USD 241 Billion

 

Asia-Pacific Nutritional Supplement Market Highlights Over 2023 - 2033

The Asia-Pacific nutritional supplement market is estimated to garner a revenue of ~ USD 241 billion by the end of 2033 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~ USD 140 billion in the year 2022. A nutritional supplement is a manufactured product, and it helps people to supplement their diet through the intake of capsules, tablets, pills, liquid, or powder. Nutrient supplements are rich sources of nutrients, which are either organic or synthetic. Growing Health Consciousness among the population is the primary factor driving the growth of the Asia-Pacific nutritional supplement market. It is estimated that ~55% of consumers in the Asia Pacific were proactive about wellness and health as of 2021.

 

Asia-Pacific-Nutritional-Supplement-Market

 

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A willingness to pay for products with few or no preservatives, specific benefits, and hygiene, protection, and sustainability was also observed in the consumers of vitamins and dietary supplements in the Asia Pacific. It can be concluded that a majority of consumers understand the significance of nutritional supplements in filling the nutrient gaps in the diet and use it as per the instructions for the intake.

Asia-Pacific Nutritional Supplement Market: Growth Drivers and Challenges

Growth Drivers

  • Rapid Growth of the Geriatric Population in the Region – The total number of older people in the Asia Pacific is projected to reach more than 1 billion by 2050. Often people who are above 50 experience a greater need for certain minerals and vitamins, including potassium, calcium, fiber, vitamin B12, and vitamin D, than when they were younger. Many doctors and dietitians prescribe vitamin or mineral supplements for their older patients and clients if a diet adjustment is not sufficient. This is thought to further the demand for vitamins and dietary supplements in the Asia Pacific.

  • Growing Gross Domestic Product (GDP) Per Capita Income of the Region – Singapore in the Asia Pacific recorded a GDP per capita of over USD 59000 in 2020.

  • Wide Prevalence of life Style Diseases – It is estimated that up to 60% of the ~19 million deaths related to cardiovascular diseases in the world in 2019 happened in Asia.

  • Growing Presence of Fitness and Health Clubs – It is estimated in China alone the total number of health and fitness clubs in 2020 was over 26,000.

Challenges

  • Varying Regulations in the Production of Nutrition Supplements Among Different Countries

  • Inherent Possibility of Mild Risk in People with Particular Medical Conditions

  • Imminent Inhibition of the Functioning of Some Medicines

The Asia-Pacific nutritional supplement market is segmented and analyzed for demand and supply by consumer type into infants, children, adults, pregnant, and geriatric. Of these, the adult segment is anticipated to hold the largest market size by the end of 2033. The growing prevalence of chronic diseases among the general population and the growing health consciousness and preference for a healthy lifestyle among young adults are the main factors creating a high demand for vitamins and dietary supplements in the Asia Pacific. For instance, the population with diabetes in India is projected to surpass 79 million by 2030.

Market Segmentation

Our in-depth analysis of the Asia-Pacific nutritional supplement market includes the following segments:

By Product Type

  • Sports Nutrition

  • Dietary Supplements

  • Functional Foods and Beverages

By Consumer Group

  • Infants

  • Children

  • Adult

  • Pregnant

  • Geriatric

By Application

  • Immune Health

  • Eye Health

  • Women Health

  • Beauty Health

  • Brain, Neuro & Mental Health

  • Sleep Disorders

  • Bone & Joint Health

  • Digestive Health

  • Urinary & Kidney Health

  • Heart Health

  • Liver Health

  • Weight Management

  • Energy

  • Others

By Formulation

  • Tablets

  • Capsules

  • Powder

  • Soft gels

  • Liquid

  • Others

By Gender

  • Male

  • Female

 

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Key Companies Dominating the Asia-Pacific Nutritional Supplement Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Asia-Pacific nutritional supplement market that are included in our report are Nestlé, Abbott, Herbalife International of America, Inc., Amway Corp., GlaxoSmithKline plc, Dabur India Limited, Cipla Inc.,  Glanbia Nutritionals Inc, Pfizer Inc., Himalaya Wellness Company, and others.

Asia-Pacific Nutritional Supplement Market: Latest Developments

  • February, 2022: Dabur India Limited – announced the launch of ‘Real Health Pumpkin Seeds’ and ‘Real Health Chia Seeds’ thereby expanding its Réal portfolio and marking its entry into the healthy snacking market to supplement the daily diet of consumers.

  • December, 2021: Himalaya Wellness Company – announced a collaboration and a 19.9% share exchange with GenBio, Inc. on several products formulated to address inflammation and boost overall health, wellness, immunity, and human longevity.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.



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  1. Nestlé
  2. Abbott
  3. Herbalife International of America Inc.
  4. Amway Corp.
  5. GlaxoSmithKline plc
  6. Dabur India Limited Cipla Inc.
  7. Glanbia Nutritionals Inc 
  8. Pfizer Inc.
  9. Himalaya Wellness Company
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