1. Nittan Company Ltd.
2. Basf SE
3. Svolt Energy Technology Co. Limited
4. Pfizer Inc.
5. Viatris Inc.
The Dietary supplements include vitamins, minerals, probiotics, herbs, protein, and amino acids. Dietary supplements include pills, powders, liquids, chips, biscuits, and bars that can eat or drank. Most people take dietary supplements to fill in the nutritional gaps in their diet. Other supplements prevent most of the disease or achieve particular wellness goals. The confirmation on whether dietary supplements are effective is mixed. A wide variety of dietary supplements on the market, from Retinol to zinc and everything in between, aim to address a spectrum of health conditions and dietary habits. Following a restrictive diet such as a keto or vegan diet increases the chances of nutrient deficiencies. Lifestyle factors include traveling a lot, working long hours, or living somewhere without access to a wide variety of nutritious foods. Physical considerations like should not being able to eat or digest certain foods and needing another method of getting nutrients. Pregnant or breastfeeding womans often need dietary supplements. Some certain medical conditions also shoot up the chances of developing nutrient deficiencies. For example, people with type 2 diabetes are more likely to be deficient in nutrients like cyanocobalamin 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 similarly to food. That responsibility is left to the supplement maker.
According to the "Asia-Pacific Dietary Supplements Market Research Report, 2027", published by Actual Market Research, The Asia-Pacific dietary supplements market size was valued at USD 51.99 Billion in 2021 and is foreseen to expand at a CAGR of more than 10% from 2022 to 2027.
The Asia-Pacific will likely register the fastest CAGR over the forecast period in the global dietary supplements market. Rising concern about a healthy diet and overall well-being, coupled with increasing disposable income of a consumer, is expected to boost the product demand in the region. Consumers in the Asia-Pacific region are becoming conscious about their diets, propelling the growth of the nutritional supplements market. China captured the largest revenue share in 2021. Japan, China, India, and Australia dietary supplements market have been identified as the major market 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. Based on formulations, the tablet segment dominated the Asia-pacific dietary supplements market in 2021, accounting for more than 42% of the market share in revenue, followed by capsules. The capsule's exterior comprises gelatin or starch, which contains active ingredients.
Further, the infants, children, and pregnant women segment are expected to expand at a significant growth rate over the forecast period. Rising in number of people moving towards a fitter and active lifestyle drives the market growth. Due to inactive lifestyles and rapid urbanization, the adult population has become more predisposed to chronic diseases like diabetes, hypertension, and cardiovascular diseases. China is the largest Vitamin Dietary Supplements market in the world. Most Chinese people consider a healthy lifestyle to include physical and mental health. A healthy lifestyle should be without physical illness, 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 of improving maternal health. A wide range of dietary supplements under one roof at attractive discounts primarily contributes to the increased share of supermarkets or hypermarkets.
During this covid-19 pandemic, everyone is susceptible to becoming a carrier of Coronavirus, but it is significantly affecting those with low immune systems, such as senior citizens above 40. Health organizations worldwide report the best practices to limit transmission and advise citizens on ways to enhance their immune systems. These suggestions include getting a good night's sleep, maintaining a healthy diet, exercising moderately, and taking dietary supplements. Because of the high awareness regarding boosting the immune systems, many consumers are more focused on consuming dietary supplements, which has led to an 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
• South Korea
Based on type of dietary supplementsin the report:
• Botanical/herb supplements
• Amino acid & proteins
Based on formulation type of dietary supplementsin the report:
Based on end user of dietary supplementsin the report:
• Pregnant women
Based on application type in the report:
• Energy & weight management
• Bone & joint health
• Immunity & digestive health
• General health
• Cardiac health
Based on distribution channel type in the report:
• Pharmacies & Drug stores
• Supermarkets & Hypermarkets
• Online retails
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.
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.