Thailand Nutraceuticals Market Outlook to 2022

The report titled "Thailand Nutraceuticals Market Outlook to 2022 - Elevating Consumption of Vitamin D and Calcium Supplements Among Geriatric Population to Drive Future" focuses on overall market size for Thailand nutraceuticals market, market segmentations on the bases of dietary supplements, functional food & beverages and distribution channels, dietary supplements sub-segmentation by type of supplements, functional foods and beverages sub-segmentation by product category. The report also covers Government regulations for nutritional and dietary supplements in Thailand, import and export scenarios of nutritional and dietary supplements in Thailand, trends & developments in the market and competitive landscape of major players in Thailand Nutraceuticals Market. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and cautions.

Thailand Nutraceuticals Market Size
The market size of the nutraceuticals industry in Thailand has witnessed an increasing trend in the revenue growth during the period of six years (2012-2017) with growth reported at a CAGR of ~% during the period 2012-2017. Health and wellness trends in Thailand acted as major driver for the nutraceuticals market in the country. The market has witnessed an increase in beauty and weight management supplements sales. Kalow weight loss supplements and B5 dietary supplements are popular products for weight loss in Thailand.

By Dietary Supplements, and Functional Foods and Beverages
Dietary Supplements dominated the nutraceuticals market and grabbed the revenue share of ~% in 2012 and ~% in 2017. People consume it as a preventive measure to lower the risks of chronic diseases and boost immune system to keep bodily organs functioning regularly. Functional foods and beverages captured revenue share of ~% in 2012 and ~% in 2017 in the Thailand nutraceuticals market. Functional foods in Thailand have found major importance in form of maintaining weight or chronic diseases such as hypertension or diabetes. Functional beverages market has contributed a share of ~% in terms of revenues during 2017. The busier lifestyle of Thailand’s population coupled with incline in the working population has raised the demand for functional beverages in the country.

By Distribution Channel

Hypermarkets dominated the nutraceuticals market in Thailand attributing ~% revenue share in 2017 in terms of the distribution channel. These mass merchandisers maintain the inventory of diverse products as they entertain different type of customers in a single time frame. Supermarkets hold revenue share in the distribution of nutraceuticals in Thailand accounting to ~% in 2017 since the pharmacies and convenience stores principally accommodate only best selling products due to the limited selling spaces. Door-to door sales or direct selling channel in Thailand in 2016, registered a contribution of ~% in the overall revenues. Convenience stores accounted for revenue share of ~% in the distribution channels of nutraceuticals in Thailand in 2017. The revenue share of pharmacies had been ~% in 2016 in Thailand.

Dietary Supplements Segmentation by Type of Supplements
Vitamins and minerals dominated the Thailand Nutraceuticals market with revenue share of ~% in 2012 and ~% in 2017. Aging population coupled with low calcium intake in Thai population especially amongst the rural population has resulted in high prevalence of low Vitamin D and low bone mineral density levels in Thai population. Vitamin D deficiency resulted in extensive bone pains and occurrence of various orthopedic disorders like arthritis especially in women, which has consequently increased the demand for vitamin and minerals supplements amongst Thais.

Functional Foods and Beverages Market Segmentation by Food Category
Health segment dominated the functional food and beverages market with a revenue share worth ~% in Thailand functional foods and beverages market in year 2016. Lack of physical activity and high consumption of sugar has led to increase in prevalence of obesity and type 2 diabetes in Thailand. This has led to demand of more weight loss supplements and supplements used for managing diabetes over the years. Digestive and energy boosters segment captured second and third position respectively in functional foods and beverages market in Thailand in 2016.

Competitive Landscape

Dietary Supplements: Cerebos is leading Thailand dietary supplements market majorly due to different variety of products it provides with 35 years of experience of the company. The company offers products under two segments for the supplements namely Brain to body wellness (Brands) and Skin and beauty wellness (Innershine and Veta). The trust factor associated with the company and the high demand for above mentioned products for enhancing immunity and for beautification is the major factor responsible for high share of the company. Amway, Scotch Industrial, and Blackmores are other major players operating in the market with revenue shares in decreasing order.

Functional Foods: Nestlé has the world's largest food and nutrition research network, with more than 5,000 scientists and technicians working in research and development and working closely with global research partners and universities. The research leads to high quality of products further attracting the consumers and contributing highest revenue share of ~% to the functional foods segment in Thailand. Other major players include Danone Thailand, Royal FrieslandCampina NV and others.

Functional Beverages: Taisho Pharmaceuticals promotes and supervises the risk management measures to prevent the materialization of risk which differentiates it from its competitors. The products are transported to Thailand as the manufacturing plant of the company is not situated in the country. Its major product Lipovitan D has led the company to contribute the highest market share of ~% in 2017. Other major companies include TC Pharmaceutical Industry Co Ltd, Carabao Tawandang Co Ltd and others.

Future Outlook and Projections
Thailand Nutraceuticals market is expected to grow at a CAGR of ~% during the forecast period owing to high awareness and health and wellness trend in Thailand. The increased demand of beauty and weight loss supplements and sports nutrition is accentuated to boost the nutraceuticals market. Willingness to spend more on health supplements due to desire of looking younger and attractive coupled with health conscious society is also expected to impact the nutraceuticals market in a positive manner.

Key Topics Covered in the Report:

• Introduction to Thailand Nutraceuticals Market
• Thailand nutraceuticals market size, 2012-2017
• Thailand nutraceuticals market segmentation by Dietary Supplements, and Functional Foods & Beverages and Distribution channels
• Dietary Supplements segmentation by type of supplements
• Foods and Beverages Market Segmentation by Product Category
• Regulatory Landscape of Thailand
• Competitive Landscape of Major Players in Thailand Nutraceuticals Market
• Import & Export Scenario of Nutritional and Dietary Supplements in Thailand
• Major Trends and developments
• Analyst Recommendations
• Thailand Nutraceuticals Future Outlook and Projections, 2018-2021