Asia Pacific Nutraceuticals Market Size, Share & Industry Trends Analysis Report By Type, By Dietary Supplements, By Functional Beverages, By Sales Channel, By Form, By Country and Growth Forecast, 2021-2027

The Asia Pacific Nutraceuticals Market is expected to witness market growth of 8.9% CAGR during the forecast period (2021-2027).

The health advantages, performance, and perceived wellness of functional foods are driving consumer interest. The demand for functional end-products such as dairy, snacks, meat, fats and oils, cereals, bakery and confectionery, and baby food is on the rise due to the simplicity with which nutraceutical components can be incorporated. Vitamins, minerals, fibre, and protein are all common fortifications. High-protein food is currently the clear winner, owing to its popularity among fitness enthusiasts. People are also more concerned about their health these days than their baby boomer peers.

Companies are modifying their distribution systems in order to set themselves apart from the competition and carve out space in a congested market. Soft chews, patches, gummy bears, lollipops, chewing gum, and quick-dissolving strips are all examples of innovative modalities of delivery that have progressed beyond tablets and capsules. Single-serving amounts of fortified food are readily available. This is why functional snack bars are so popular. Moreover, dietary supplements are increasingly available in more "food-like" forms, such as pudding-like squeeze packets for omega 3 fish oil, calcium in chocolate chews, joint juice for glucosamine, among others.

There is a growing consumer awareness of nutrition enrichment in emerging nations like China and India. Furthermore, in light of regulatory assistance to boost investments, the rise of the retail sector in emerging economies such as China, Indonesia, Malaysia, and India is predicted to increase buyer accessibility to such products. For example, the China Food Information Center (CFIC) published a survey report in June 2020 that found that 70% of Chinese people believe probiotics are beneficial to their health. As a result, the popularity of probiotics among consumers to improve gut health is expected to increase in the coming years.

The Food Safety and Standards Authority of India (FSSAI) is an independent regulatory organization under the Ministry of Health and Family Welfare whose mission is to safeguard and promote public health. The Food Safety and Standards Act of 2006, which is in charge of food safety supervision and regulation, governs the FSSAI.

The China market dominated the Asia Pacific Nutraceuticals Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $73.3 billion by 2027. The Japan market is poised to grow at a CAGR of 8.2% during (2021 - 2027). Additionally, The India market is expected to showcase a CAGR of 9.6% during (2021 - 2027).

Based on Type, the market is segmented into Functional Food, Dietary Supplements, and Functional Beverages. Further, on the basis of Functional food, the market is segmented into Vitamins, Minerals, Carotenoids, Dietary Fibers, Prebiotics & Probiotics, Fatty Acids, and Others. Based on Dietary Supplements, the market is segmented into Vitamins & Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Botanicals, Omega Fatty Acids & Others. Based on Functional Beverages, the market is segmented into Energy & Sports Drinks, Functional Juices, and Others. Based on Sales Channel, the market is segmented into Pharmacy, Specialty Stores, Hypermarket/Supermarket, and Online Channels. Based on Form, the market is segmented into Capsule & Tablets, Liquid, Powder, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., General Mills, Inc., Archer Daniels Midland Company, Danone, S.A., Koninklijke DSM N.V., International Flavors & Fragrances, Inc., Herbalife International, Inc., The Hain Celestial Group, Inc., Amway Corporation, and Cargill Corporation.

Scope of the Study

Market Segments Covered in the Report:

By Type

• Functional Food
  • Vitamins
  • Minerals
  • Carotenoids
  • Dietary Fibers
  • Prebiotics & Probiotics
  • Fatty Acids
  • Others
  
  
• Dietary Supplements
  • Vitamins & Minerals
  • Proteins & Amino Acids
  • Fibers & Specialty Carbohydrates
  • Botanicals
  • Omega Fatty Acids & Others
  
  
• Functional Beverages
  • Energy & Sports Drinks
  • Functional Juices
  • Others
  
  

By Sales Channel

• Pharmacy
• Specialty Stores
• Hypermarket/Supermarket
• Online Channels

By Form

• Capsule & Tablets
• Liquid
• Powder
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Nestle S.A.
• General Mills, Inc.
• Archer Daniels Midland Company
• Danone, S.A.
• Koninklijke DSM N.V.
• International Flavors & Fragrances, Inc.
• Herbalife International, Inc.
• The Hain Celestial Group, Inc.
• Amway Corporation
• Cargill Corporation

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