Market revenue in 2022 | USD 2,502.2 million |
Market revenue in 2030 | USD 3,695.4 million |
Growth rate | 5% (CAGR from 2022 to 2030) |
Largest segment | Dietary supplements |
Fastest growing segment | OTC pharma products |
Historical data | 2018 - 2021 |
Base year | 2022 |
Forecast period | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | OTC pharma products, Dietary Supplements |
Key market players worldwide | Bayer AG, AbbVie Inc, Abbott Laboratories, Nestle SA, Dr Reddy's Laboratories Ltd ADR, Theramex, Rainbow Light Nutritional Systems, Padagis |
Dietary supplements was the largest segment with a revenue share of 98.49% in 2022. Horizon Databook has segmented the China menopause market based on otc pharma products, dietary supplements covering the revenue growth of each sub-segment from 2018 to 2030.
The country is witnessing key product innovations by key players, focused on using natural sources for obtaining dietary supplements. In February 2020, a biopharmaceutical company, the Zhilin Group, launched a dietary supplement obtained from extracted yam powder for use by menopausal women. Nativus Life Sciences Limited, a subsidiary of Zhilin Group, has made a regional distribution agreement with Wantian Tea Company Limited to promote the product to a wider customer pool.
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