Singapore Nutritional Supplements Market Size & Outlook
Singapore nutritional supplements market, 2018-2030 (US$M)
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Singapore nutritional supplements market highlights
- The Singapore nutritional supplements market generated a revenue of USD 6,303.8 million in 2023 and is expected to reach USD 8,625.4 million by 2030.
- The Singapore market is expected to grow at a CAGR of 4.6% 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.
Nutritional supplements market data book summary
| Market revenue in 2023 | USD 6,303.8 million |
| Market revenue in 2030 | USD 8,625.4 million |
| Growth rate | 4.6% (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, Singapore accounted for 1.6% 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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Singapore 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 58.57% in 2023. Horizon Databook has segmented the Singapore 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 people of Singapore are increasingly conscious of their well-being and actively seeking avenues to enhance their overall health. Nutritional supplements are seen as a convenient and effective way to address nutritional deficiencies and support a healthy lifestyle.
This is one of the major factors promoting market growth in the country. Changing consumer attitudes toward health & fitness is driving the demand for sports nutrition products in this country. Ongoing research in this country in nutritional supplements is expected to support market growth.
For instance, in September 2022, Herbal Pharm, a Singapore-based nutraceutical company, stated that it was going to expand its business in the hair care range by providing treatments for hair loss and hair greying. These factors are expected to have a positive impact on the market.
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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 country-level data and insights on the Singapore nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Singapore nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore nutritional supplements market
Singapore Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
Singapore nutritional supplements market
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