Market Research Report
Asia Pacific Dietary Supplements Market Forecast 2019-2028
|Published by||Inkwood Research||Product code||980906|
|Published||Content info||162 Pages
Delivery time: 2-3 business days
|Asia Pacific Dietary Supplements Market Forecast 2019-2028|
|Published: January 11, 2021||Content info: 162 Pages||
The Asia Pacific dietary supplements market is estimated to project a CAGR of 9.68% during the forecast period, 2019-2028. The increasing awareness regarding the need for nutritional supplements, and the abundant availability of raw materials, are set to drive the market growth in the region.
Thailand, India, Japan, China, South Korea, Australia & New Zealand, Indonesia, Vietnam, and the rest of Asia Pacific, are evaluated for the Asia Pacific dietary supplements market growth assessment. In Japan, the market holds a huge potential for the introduction of new products with more benefits. The presence of pharmaceutical manufacturers and technological advancements are projected to be beneficial for market growth. Further, the high visibility of the dietary supplements market with regard to easy product access, and the growing number of nutraceutical market players, are estimated to have a strong impact on market growth. Also, the rising penetration of gelatin capsules in the nutraceutical sector, in terms of easy intake and attractive features, is set to promote the application of soft gels.
In Thailand, the steady growth of the market is attributed to the increasing disposable income and the influence of health & wellness trends. As per the United Nations, the aging population is projected to account for 20% of the total population by 2030. Further, there has been a rise in beauty and skincare trends. Such factors are expected to drive the demand for dietary supplements.
Some of the distinguished companies in the market are Pfizer, Suntory Holdings Ltd, Reckitt Benckiser Group Plc, Otsuka Holdings Co Ltd, Sanofi SA, etc.