Asia Pacific Dietary Supplements Market Size & Outlook
Asia Pacific dietary supplements market, 2018-2030 (US$M)
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Asia Pacific dietary supplements market highlights
- The Asia Pacific dietary supplements market generated a revenue of USD 64,069.5 million in 2023.
- The market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, vitamins was the largest revenue generating ingredient in 2023.
- Protiens & Amino Acids is the most lucrative ingredient segment registering the fastest growth during the forecast period.
- Country-wise, ANZ is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 64,069.5 million |
| Market revenue in 2030 | USD 148,424.0 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins |
| Fastest growing segment | Protiens & Amino Acids |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins, Botanicals, Minerals, Protiens & Amino Acids, Fibers & Specialty Carbohydrates, Omega Fatty Acids |
| Key market players worldwide | Amway Malaysia Holdings, Abbott Laboratories, Bayer AG, Glanbia PLC, Pfizer Inc, Archer-Daniels Midland Co, Nu Skin Enterprises Inc Class A, GlaxoSmithKline, Herbalife Ltd, Natures Sunshine Products Inc, DuPont de Nemours Inc, Nestle SA, NOW Foods, RBK Nutraceuticals, Goodhealth |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.1% of the global dietary supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 148,424.0 million by 2030.
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Dietary Supplements Market Scope
Dietary Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific dietary supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dietary supplements market will help companies and investors design strategic landscapes.
Vitamins was the largest segment with a revenue share of 29.75% in 2023. Horizon Databook has segmented the Asia Pacific dietary supplements market based on vitamins, botanicals, minerals, protiens & amino acids, fibers & specialty carbohydrates, omega fatty acids covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific market is anticipated to witness increasing demand for dietary supplements as key participants are introducing their brands in the untapped markets of Southeast Asia. China, Japan, and India are among the largest markets for dietary supplements in Asia Pacific owing to the presence of a large consumer base in these countries.
Japan and Australia have experienced heightened awareness regarding the health benefits of dietary supplements over the years, which is expected to strengthen the regional market growth over the forecast period.
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Target buyers of Asia Pacific dietary supplements market databook
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Our clientele includes a mix of dietary supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific dietary supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific dietary supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific dietary supplements market size, by country, 2018-2030 (US$M)
Asia Pacific Dietary Supplements Market Outlook Share, 2023 & 2030 (US$M)
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