China Vitamin Supplements Market Size & Outlook, 2022-2030
China vitamin supplements market, 2017-2030 (US$M)
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China vitamin supplements market highlights
- The China vitamin supplements market generated a revenue of USD 5,187.6 million in 2022 and is expected to reach USD 11,792.1 million by 2030.
- The China market is expected to grow at a CAGR of 10.8% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Vitamin D is the most lucrative type segment registering the fastest growth during the forecast period.
Vitamin supplements market data book summary
| Market revenue in 2022 | USD 5,187.6 million |
| Market revenue in 2030 | USD 11,792.1 million |
| Growth rate | 10.8% (CAGR from 2022 to 2030) |
| Largest segment | Multivitamin |
| Fastest growing segment | Vitamin D |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K |
| Key market players worldwide | Glanbia PLC, Pfizer Inc, Bayer AG, Amway Malaysia Holdings, GlaxoSmithKline, Nestle SA, NOW Foods, Abbott Laboratories, Herbalife Ltd, Natures Sunshine Products Inc, Nu Skin Enterprises Inc Class A, Pharmavite, Good Health, RBK Nutraceuticals |
Other key industry trends
- In terms of revenue, China accounted for 10.7% of the global vitamin supplements market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China vitamin supplements market is projected to lead the regional market in terms of revenue in 2030.
- ANZ is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,871.0 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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China vitamin 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 vitamin supplements market will help companies and investors design strategic landscapes.
Multivitamin was the largest segment with a revenue share of 51.85% in 2022. Horizon Databook has segmented the China vitamin supplements market based on multivitamin, vitamin a, vitamin b, vitamin c, vitamin d, vitamin e, vitamin k covering the revenue growth of each sub-segment from 2017 to 2030.
Individuals in China have been increasingly focusing on their health in the past few years, which has boosted the demand for vitamin supplements in the country. The rising demand for these supplements can also be attributed to the diverse flavor options in the grab-n-go variety.
The government of China has taken numerous initiatives in recent years to promote the benefits of consuming healthy food and following a healthy lifestyle and also aims to raise the nutrient intake among consumers.
The "Healthy China 2030" initiative is a significant and comprehensive government program in China that outlines a strategic roadmap for developing the healthcare industry and improving public health for several years, specifically aiming to make substantial progress by 2030.
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Target buyers of China vitamin supplements market databook
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Our clientele includes a mix of vitamin 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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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 China vitamin supplements market , including forecasts for subscribers. This country databook contains high-level insights into China vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China vitamin supplements market size, by type, 2017-2030 (US$M)
China Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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