Australia Nutritional Supplements Market Size & Outlook
Australia nutritional supplements market, 2018-2030 (US$M)
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Australia nutritional supplements market highlights
- The Australia nutritional supplements market generated a revenue of USD 11,543.6 million in 2023 and is expected to reach USD 16,801.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 5.5% 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.
Nutritional supplements market data book summary
| Market revenue in 2023 | USD 11,543.6 million |
| Market revenue in 2030 | USD 16,801.0 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.8% of the global nutritional supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nutritional supplements market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 60,420.1 million by 2030.
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Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 55.84% in 2023. Horizon Databook has segmented the Australia 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.
High number of gyms & fitness centers and growing health consciousness among people are among the factors driving the demand for nutritional products in the country.
For instance, as of 2021, there were over 6,400 gyms & fitness centers in Australia. Increase in the number of partnerships is aiding in the development of Australian nutrition industry.
For instance, in October 2022, PURE Sports Nutrition partnered with Melbourne-based distributor Bike corp to bring its range of natural products to the Australian market.
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Target buyers of Australia 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Australia nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Australia nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia nutritional supplements market
Australia Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
Australia nutritional supplements market
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