Market revenue in 2022 | USD 909.9 million |
Market revenue in 2030 | USD 1,416.8 million |
Growth rate | 5.7% (CAGR from 2022 to 2030) |
Largest segment | Dietary supplements |
Fastest growing segment | Dietary Supplements |
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 94.24% in 2022. Horizon Databook has segmented the Japan menopause market based on otc pharma products, dietary supplements covering the revenue growth of each sub-segment from 2018 to 2030.
Researchers in the country are focused on use of ingredients derived from plants and herbs for formulating dietary supplements, considering their safety as compared to synthetic supplements. Results of the clinical trial to check the effect of Pycnogenol, and antioxidant plant extracts, was published in February 2013.
The study, conducted at the Keiju Medical Center in Ishikawa Prefecture, Japan, revealed the efficacy of Pycnogenol, extracted from French maritime pine tree, in reducing the climacteric symptoms in menopausal women. The research initiatives to promote product innovation contribute to the availability of products in the market.
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