Asia Pacific Nutraceuticals Market Outlook to 2021: Ken Research

The report titled “Asia Pacific Nutraceuticals Market Outlook 2021 –Extensive Customer Base Coupled with Rising Disposable Income in Indiaand China to Foster Growth” provides a comprehensive analysis ofnutraceuticals market in Asia-Pacific region. The report focuses on overallmarket size for Asia Pacific nutraceuticals market, market segmentation onthe basis of Dietary Supplements, Functional Foods and Beverages, sub-segmentations on the basis of Dietary Supplements by Type of Supplements,Functional Foods and Beverages by Food Category and market segmentationby countries (China, Japan, India, Australia, Korea, Thailand, Vietnam).

The report also covers competitive landscape and market share of majorplayers in nutraceuticals market, countries’ import and export scenario, majorgovernment regulations and future projections for nutraceuticals market ineach country. The report concludes with market projection for future andanalyst recommendation highlighting the major opportunities and cautions.

Asia Pacific Nutraceuticals MarketAsia Pacific nutraceuticals market has been recorded as USD ~ million in 2011and USD ~ million in year 2016, exhibiting growth at a CAGR of ~ % during theperiod. The changing lifestyles and increasing preferences towards healthystyle of eating are acting as major driving forces for Asia Pacific nutraceuticalsmarket. The changing lifestyle which includes excessive consumption of junkfood, smoking and alcohol has resulted in imbalance in nutritionalrequirements, leading to high demand for nutraceuticals in the region. Inaddition to that, people in Asia Pacific region have diverted their attentiontowards preventive healthcare rather than curative healthcare, which requiresregular consumption of dietary supplements and functional foods to improveimmune system against diseases.

Asia Pacific Nutraceuticals Market SegmentationAsia Pacific Nutraceuticals market is segmented on the basis of three majorsegments- by dietary supplements, by functional foods and beverages marketand by countries. The dietary supplements segmentation is sub-segmented onthe basis of types of supplements. Functional Foods and beverages market isfurther sub-segmented on the basis of food category.

By Dietary Supplements, and Functional Foods and BeveragesFunctional foods and beverages segment dominated the Asia Pacificnutraceuticals market with revenue share worth ~% by the year ending 2016.Increasing consumer awareness about health and fitness in the Asia Pacificregion is a major driving force which has boosted the demand for functionalfoods and beverages market. Additionally, elevating consumption of processedfood in developing economies such as India and China and rising GDP, whichallows users to purchase expensive functional foods and beverages, is furtherassisting the segment to generate high revenue. On the other hand, dietarysupplements have been observed to capture remaining share of the marketwith growth recorded at a CAGR of ~% in between 2011 and 2016.

Increased consumption of junk food, smoking and alcohol has resulted indeficiency of various nutrients in the bodies of Asian people, which hasresulting in various lifestyle diseases which majorly includes cardiac disorder,obesity, and diabetes. As a preventive measure of these diseases and formanagement purpose, doctors in the region are highly prescribingnutraceuticals for completing nutritional requirement of the body and forimprovisation of immune system, hence driving the market.

Dietary Supplements Segmentation by Type of SupplementsVitamins and minerals dominated the market with revenue share of ~% in 2016,driven by rising health consciousness among the ageing population and highincidence rate of vitamin deficiency in the region. The herbal supplementsmarket followed vitamins and minerals with revenue share of ~% in 2016 and iswitnessed to showcase a high growth, supported by the fact that many herbalcompanies are strongly promoting their products for beauty enhancement andhealth improvement. Korea Ginseng is major example of the same. However,rising prevalence of digestive disorders owing to increased consumption of junkfood has resulted in high demand for probiotics in the region, with segmentrecording growth at a CAGR of ~% in between 2011 and 2016.

Functional Foods and Beverages Market Segmentation by Food CategoryHealth segment dominated the functional food and beverages market with arevenue share worth ~% in Asia-Pacific functional foods and beverages market inyear 2016. Rising health consciousness among the Asia-Pacific countries is urgingthe manufacturers of functional foods to meet the transforming demand ofgrowing nutrition. Manufacturers are introducing functional fortified foods forspecific target audience which is helping them in generating extra revenue fromthe segment. The example of this can be omega 3 fortified foods for heart healthproblems. The digestive segment followed health functional foods andbeverages market by capturing revenue share worth ~% of Asia Pacific region in2016. It has been witnessed that the segment is continuously growing at a CAGRof ~% for the projected period of six years from 2011 to 2016 majorly due torising prevalence of digestive disorders in the region.

By CountriesChina dominated the Asia Pacific nutraceuticals industry by grabbing revenueshare worth ~% of the overall market by the year ending 2016 majorly due togrowing and increasing consumer demand for natural/herbal products thatpromote healthy living lifestyle and for treating diseases.

Additionally, the large presence of customer base in the country coupled withrising disposable income to purchase expensive nutraceuticals is furtherdriving the market in the country. Japan followed China in the Asia Pacificnutraceuticals market by capturing revenue share worth ~% of the overallmarket in 2016 which is backed by growing demand for joint health andweight loss supplements such as konnyaku, non-caloric fiber for weight loss inthe country. Other major countries in the region, India and Australia capturedrevenue share of worth ~% and ~% in the total market in year 2016respectively.

Asia Pacific Nutraceuticals Market Future Outlook & ProjectionsAsia Pacific nutraceuticals market is expected to showcase growth at a CAGRof ~% during the forecast period of four years from 2016 to 2019 owning tothe rising demand of dietary supplements in various countries such as China,Japan and Korea and increasing lifestyle shift of consumers towards preventivetherapies. Rising disposable income coupled with growing knowledge andawareness about health and fitness are also witnessed as some of the majordriving forces for expanding nutraceuticals demand in Asia Pacific countries.

Rising population in various countries including India and China, which hasprovided huge customer base in the region to the market players operating inthe market is expected to further assist the companies generate high revenueduring the forecast period. The dietary supplements market in Asia Pacificregion is expected to grow at a CAGR of ~% for the projected period of six yearsfrom 2016 to 2021 majorly due to high sale of vitamins and minerals, containingmicronutrients which are intended to aid human body function smoothly andenhance mental health.

Key Topics Covered in the Report:Introduction to Asia Pacific Nutraceuticals Market, 2011-2016Nutritional Supplement Industry TrendsAsia Pacific Dietary Supplements MarketAsia Pacific Nutraceuticals Market Size, 2011-2016Asia Pacific Nutraceuticals Market Segmentation by dietary supplements, food& beverages and countriesVitamin and Supplement Industry AnalysisAsia Pfizer Revenue Nutritional SupplementsDietary Supplements segmentation by type of supplements

Foods and Beverages Market Segmentation by Product CategoryVitamin and Supplements MarketDietary Supplements Industry GrowthChina Nutraceuticals MarketPrebiotics Market AsiaJapan Nutraceuticals MarketSports Nutrition Market AsiaHealth Supplements Market AsiaIndia Nutraceuticals MarketAustralia Nutraceuticals MarketGrowth Global Dietary Supplements Market AsiaNutraceuticals Market Asia Pacific Industry AnalysisKorea Nutraceuticals MarketThailand Nutraceuticals MarketAsia Nutraceutical MarketSupplement Sales StatisticsVietnam Nutraceuticals MarketMajor Trends and developments

Analyst RecommendationsCompetitive Landscape of Major Players in Asia Pacific Nutraceuticals MarketAsia Pacific Future Outlook and Projections, 2017-2021

For further reading click on the link below:https://www.kenresearch.com/healthcare/pharmaceuticals/asia-pacific-nutraceuticals-market-report/118296-91.html

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