Asia Pacific Nutritional Supplements Market Size & Outlook
Asia Pacific nutritional supplements market, 2018-2030 (US$M)
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Asia Pacific nutritional supplements market highlights
- The Asia Pacific nutritional supplements market generated a revenue of USD 160,066.9 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, functional foods and beverages was the largest revenue generating product in 2023.
- Sports Nutrition is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 160,066.9 million |
| Market revenue in 2030 | USD 250,598.8 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Nutrition, Fat Burners, Dietary Supplements, Functional Foods and Beverages |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Herbalife Ltd, Amway Malaysia Holdings, PepsiCo Inc, Clif Bar, Science in Sport, THG PLC Ordinary Share, Chesnara PLC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.5% of the global nutritional supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 94,950.9 million by 2030.
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Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific nutritional 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 nutritional supplements market will help companies and investors design strategic landscapes.
Functional foods and beverages was the largest segment with a revenue share of 55.96% in 2023. Horizon Databook has segmented the Asia Pacific nutritional supplements market based on sports nutrition, fat burners, dietary supplements, functional foods and beverages covering the revenue growth of each sub-segment from 2018 to 2030.
The nutritional supplements market in the Asia Pacific (APAC) region has been witnessing significant growth in recent years. There is a growing awareness and interest in health & wellness among consumers across the APAC region.
People are becoming more conscious of their dietary habits and are seeking products that promote overall well-being. As disposable income rise in APAC countries, consumers are willing to spend more on health-enhancing products.
This has led to an increased demand for nutritional supplements. Moreover, a shift toward plant-based proteins, including pea & rice protein, can be observed owing to the increasing trend of veganism and vegetarianism. The preference for nutritional products differs across Asia.
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Target buyers of Asia Pacific nutritional supplements market databook
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Our clientele includes a mix of nutritional 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 nutritional supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific nutritional supplements market size, by country, 2018-2030 (US$M)
Asia Pacific Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
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