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APAC Dietary Supplements Market Outlook to 2028

Region:Asia

Author(s):Mukul

Product Code:KROD2668

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Published On

October 2024

Total pages

84

About the Report

APAC Dietary Supplements Market Overview

  • The APAC dietary supplements market is valued at USD 59 billion in 2023, driven by a growing health-conscious population, increasing disposable income, and the rising trend of preventive healthcare. The growing demand for nutritional supplements to support immunity, energy levels, and general well-being has been further accelerated by the COVID-19 pandemic. Major factors like the increasing aging population in countries such as Japan and South Korea, along with the rising popularity of e-commerce channels, are also fueling market growth.
  • The market dominance in APAC is mainly attributed to countries like China, Japan, and India due to their large consumer base, urbanization, and government initiatives promoting health and wellness. China, in particular, leads the market due to its high demand for herbal supplements and vitamins, driven by traditional Chinese medicine practices. Japan follows closely due to its aging population and strong focus on nutritional supplements for preventive care.
  • The import and export of dietary supplements across APAC are governed by a range of country-specific regulations. Japan's Pharmaceuticals and Medical Devices Agency (PMDA) and China's National Medical Products Administration (NMPA) require stringent safety and efficacy testing for imported supplements. Australias TGA enforces strict compliance on both imports and exports, with heavy penalties for non-compliance. These regulatory constraints pose challenges for foreign manufacturers looking to enter the APAC market, as they must navigate differing import/export rules, often resulting in higher costs and delays.

market overviews

APAC Dietary Supplements Market Segmentation

  • By Product Type: The APAC dietary supplements market is segmented by product type into vitamins & minerals, probiotics, omega-3 fatty acids, herbal supplements, and protein & amino acids. Vitamins and minerals hold the dominant market share, particularly due to their widespread usage in countries like Japan and India. The growing awareness about the role of vitamins in immunity-boosting, alongside the aging populations demand for essential nutrients, makes this sub-segment a leader in the market.

market overviews

  • By Distribution Channel: The distribution channel in the APAC dietary supplements market is divided into pharmacies & drugstores, supermarkets & hypermarkets, online retailers, specialty stores, and direct selling. Online retailers are witnessing rapid growth and are dominating the market. The ease of accessibility, wide product range, and the convenience of home delivery have made online platforms the preferred choice for consumers, particularly in countries like China and India where e-commerce penetration is high.

market overviews

APAC Dietary Supplements Market Competitive Landscape

The APAC dietary supplements market is dominated by a mix of global giants and regional players. Companies like Amway, Herbalife, and Abbott Laboratories have a strong foothold in the region due to their extensive product portfolios and strong distribution networks. Local players in markets like China and Japan also have a significant presence, focusing on traditional and herbal supplements. The market is characterized by innovation in product formulations, particularly the shift toward plant-based supplements and personalized nutrition.

Company

Establishment Year

Headquarters

Revenue (USD)

Product Portfolio

Distribution Network

R&D Investment

Market Share

Geographic Focus

Amway

1959

Michigan, USA

Herbalife Nutrition

1980

Los Angeles, USA

Abbott Laboratories

1888

Illinois, USA

Blackmores Limited

1932

Sydney, Australia

Swisse Wellness Pty Ltd.

1969

Melbourne, Australia

APAC Dietary Supplements Industry Analysis

Market Growth Drivers

  • Rising Health Awareness: The increasing awareness around health and wellness has driven a surge in dietary supplement consumption across APAC. Government initiatives, such as Japans Health and Productivity Management program, emphasize preventive healthcare, encouraging citizens to adopt healthier lifestyles. In 2022, South Koreas Ministry of Health reported a significant rise in health supplement usage, particularly among adults aged 3050. Additionally, Australia's National Health Survey found that over 45% of adults now use dietary supplements. This health-conscious shift is expected to fuel further demand for products targeting immunity, gut health, and overall wellness.
  • Increasing Aging Population: APAC has one of the world's fastest-aging populations, especially in Japan, China, and South Korea. The World Bank reported that by 2023, nearly 30% of Japan's population is aged 65 or older. In China, government data reveals that over 200 million people were aged 60 and above in 2022. This demographic shift has increased demand for supplements aimed at bone health, joint care, and cognitive support. Countries like Australia are also witnessing similar trends, with an increasing focus on elderly nutrition, driving the market for dietary supplements in the region.
  • Growing E-commerce Penetration: The rise of e-commerce platforms has made dietary supplements more accessible across APAC, particularly in emerging markets like India, Indonesia, and the Philippines. According to the World Bank, internet penetration in India reached over 800 million users by 2022, while Indonesia surpassed 200 million. This digital expansion has led to a rise in online sales of dietary supplements, supported by government initiatives to improve digital infrastructure. E-commerce giants such as Lazada and Shopee report a significant increase in health supplement sales across Southeast Asia, further bolstering the markets growth.

Market Restraints

  • Stringent Regulatory Framework: Regulatory frameworks in APAC are complex and vary significantly by country. Countries like Japan and Australia have rigorous guidelines for the approval and sale of dietary supplements. For instance, Japan's Foods with Function Claims (FFC) system requires manufacturers to provide scientific evidence for the product's health benefits, making it a lengthy and expensive process. Similarly, Australias Therapeutic Goods Administration (TGA) imposes strict compliance measures on product safety and labeling. These stringent regulatory requirements create barriers for new market entrants and increase the time to market for innovative products.
  • Market Saturation in Urban Areas: Urban areas in APAC, particularly in countries like Japan, South Korea, and Singapore, are becoming saturated with dietary supplement options. According to the Ministry of Health, Labor and Welfare in Japan, over 60% of adults in urban areas consume some form of health supplement regularly. In South Korea, data from the Korean Statistical Information Service (KOSIS) shows a similar trend, with high usage rates among urban populations. This market saturation, particularly in metropolitan regions, limits growth opportunities for new brands, as consumers have access to a wide variety of established products.

APAC Dietary Supplements Market Future Outlook

The APAC dietary supplements market is expected to witness significant growth over the next five years, driven by increasing health awareness, rising disposable income, and continued demand for preventive healthcare solutions. Governments in countries like China and India are introducing supportive policies to encourage the consumption of dietary supplements as part of national health initiatives. Additionally, advancements in personalized nutrition, where consumers receive supplements tailored to their specific needs, are expected to drive the market forward.

Market Opportunities

  • Expansion into Untapped Rural Markets: While urban markets in APAC are approaching saturation, rural areas present a significant untapped opportunity. In India, nearly 65% of the population still resides in rural areas, according to 2022 government data. The expansion of rural healthcare infrastructure, driven by government initiatives like Ayushman Bharat, is expected to increase access to dietary supplements. Similarly, in China, efforts to improve healthcare access in rural regions have led to higher consumption of health products. The rise of affordable dietary supplements targeting rural consumers presents a promising growth avenue for companies in APAC.
  • Innovation in Delivery Formats: There is increasing consumer demand for innovative dietary supplement formats, such as chewables, gummies, and powders, which offer convenience and ease of use. In 2023, Japan's Ministry of Health reported that over 30% of the population preferred alternative supplement formats like gummies over traditional pills. Similarly, in South Korea, functional foods like powdered supplements have gained popularity, especially among younger consumers. The diversification of delivery formats provides an opportunity for companies to cater to changing consumer preferences while enhancing the appeal of their products in a competitive market.

Scope of the Report

By Product Type

Vitamins & Minerals, Probiotics, Omega-3 Fatty Acids, Herbal Supplements, Protein & Amino Acids

By Form

Tablets, Capsules, Powders, Liquids, Gummies

By End User

Adults, Geriatric Population, Pregnant Women, Infants & Children, Athletes

By Distribution Channel

Pharmacies & Drugstores, Supermarkets & Hypermarkets, Online Retailers, Specialty Stores, Direct Selling

By Region

China, Japan, India, South Korea, Southeast Asia

Products

Key Target Audience

  • Dietary Supplement Manufacturers
  • Online Retailers & E-commerce Platforms
  • Health & Wellness Chains
  • Pharmacies & Drugstores
  • Investments and Venture Capitalist Firms
  • Government and Regulatory Bodies (e.g., TGA, FSSAI, SFDA)
  • Multinational Food & Beverage Companies
  • Nutritional Research Institutions

Companies

Players Mentioned in the Report:

  • Amway
  • Herbalife Nutrition Ltd.
  • Abbott Laboratories
  • Nestl Health Science
  • Glanbia PLC
  • Blackmores Limited
  • Bayer AG
  • Pfizer Inc.
  • The Natures Bounty Co.
  • GNC Holdings Inc.
  • Otsuka Holdings Co., Ltd.
  • Suntory Holdings Limited
  • Swisse Wellness Pty Ltd.
  • Procter & Gamble Co.
  • Reckitt Benckiser Group PLC

Table of Contents

1. APAC Dietary Supplements Market Overview

1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate
1.4. Market Segmentation Overview

2. APAC Dietary Supplements Market Size (In USD Bn)

2.1. Historical Market Size
2.2. Year-On-Year Growth Analysis
2.3. Key Market Developments and Milestones

3. APAC Dietary Supplements Market Analysis

3.1.Growth Drivers
3.1.1. Rising Health Awareness
3.1.2. Increasing Aging Population
3.1.3. Growing E-commerce Penetration
3.1.4. Shifting Consumer Preferences Toward Preventive Healthcare
3.2.Market Challenges
3.2.1. Stringent Regulatory Framework (APAC Dietary Regulations)
3.2.2. Market Saturation in Urban Areas
3.2.3. Price Sensitivity in Emerging Economies
3.3.Opportunities
3.3.1. Expansion into Untapped Rural Markets
3.3.2. Innovation in Delivery Formats (Chewables, Gummies, Powders)
3.3.3. Customization of Products (Tailored Nutrition)
3.4.Trends
3.4.1. Increasing Demand for Plant-Based Supplements
3.4.2. Growth of Sports Nutrition Supplements
3.4.3. Adoption of Personalized Nutrition
3.5.Government Regulation
3.5.1. Import and Export Guidelines (Regulatory Constraints in APAC)
3.5.2. Labeling and Health Claims Compliance
3.5.3. Product Registration Process (Country-Specific Regulations)
3.5.4. Nutritional Guidelines and RDA (Recommended Dietary Allowance)
3.6.SWOT Analysis
3.7.Stakeholder Ecosystem
3.8.Porters Five Forces Analysis
3.9.Competition Ecosystem

4. APAC Dietary Supplements Market Segmentation

4.1. By Product Type (In Value %)
4.1.1. Vitamins & Minerals
4.1.2. Probiotics
4.1.3. Omega-3 Fatty Acids
4.1.4. Herbal Supplements
4.1.5. Protein & Amino Acids
4.2. By Form (In Value %)
4.2.1. Tablets
4.2.2. Capsules
4.2.3. Powders
4.2.4. Liquids
4.2.5. Gummies
4.3. By End User (In Value %)
4.3.1. Adults
4.3.2. Geriatric Population
4.3.3. Pregnant Women
4.3.4. Infants & Children
4.3.5. Athletes
4.4 By Distribution Channel (In Value %)
4.4.1. Pharmacies & Drugstores
4.4.2. Supermarkets & Hypermarkets
4.4.3. Online Retailers
4.4.4. Specialty Stores
4.4.5. Direct Selling
4.5.By Region (In Value %)
4.5.1. China
4.5.2. Japan
4.5.3. India
4.5.4. South Korea
4.5.5. Southeast Asia

5. APAC Dietary Supplements Market Competitive Analysis

5.1. Detailed Profiles of Major Companies
5.1.1. Amway
5.1.2. Herbalife Nutrition Ltd.
5.1.3. Abbott Laboratories
5.1.4. Nestl Health Science
5.1.5. Glanbia PLC
5.1.6. Bayer AG
5.1.7. Pfizer Inc.
5.1.8. Blackmores Limited
5.1.9. The Natures Bounty Co.
5.1.10. GNC Holdings Inc.
5.1.11. Otsuka Holdings Co., Ltd.
5.1.12. Suntory Holdings Limited
5.1.13. Swisse Wellness Pty Ltd.
5.1.14. Procter & Gamble Co.
5.1.15. Reckitt Benckiser Group PLC
5.2. Cross Comparison Parameters (Revenue, Market Share, Distribution Network, Product Portfolio, Innovation Index, Key Regions, R&D Investment, Marketing Initiatives)
5.3. Market Share Analysis
5.4. Strategic Initiatives
5.5. Mergers and Acquisitions
5.6. Investment Analysis
5.7. Joint Ventures and Partnerships
5.8. Government Grants & Subsidies
5.9. Private Equity Investments

6. APAC Dietary Supplements Market Regulatory Framework

6.1.APAC Food Safety and Supplement Regulatory Standards
6.2.Compliance Requirements
6.3.Certification Processes (e.g., FSSAI, TGA, SFDA)

7. APAC Dietary Supplements Future Market Size (In USD Bn)

7.1. Future Market Size Projections
7.2. Key Factors Driving Future Market Growth

8.APAC Dietary Supplements Future Market Segmentation

8.1. By Product Type (In Value %)
8.2. By Form (In Value %)
8.3. By End User (In Value %)
8.4. By Distribution Channel (In Value %)
8.5. By Region (In Value %)

9.APAC Dietary Supplements Market Analysts Recommendations

9.1. TAM/SAM/SOM Analysis
9.2. Customer Cohort Analysis
9.3. Marketing Initiatives
9.4. White Space Opportunity Analysis

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Research Methodology

Step 1: Identification of Key Variables

In the first step, we mapped the ecosystem of the APAC dietary supplements market, identifying key stakeholders like manufacturers, distributors, and regulatory bodies. Secondary research from credible sources, such as government reports, trade journals, and industry publications, was conducted to collect data on market size, product types, and growth trends.

Step 2: Market Analysis and Construction

During this phase, we gathered and analyzed historical market data, focusing on product demand, market penetration, and consumer preferences. This analysis provided insights into the competitive landscape and revenue generation across various segments of the dietary supplements market.

Step 3: Hypothesis Validation and Expert Consultation

Market hypotheses were developed based on initial findings and then validated through in-depth consultations with industry experts. These interviews offered practical insights into market dynamics, pricing trends, and regulatory challenges, ensuring the accuracy and reliability of the research.

Step 4: Research Synthesis and Final Output

The final phase involved synthesizing the data from primary and secondary research to produce a comprehensive analysis of the market. This included validation through direct consultations with major dietary supplement manufacturers, ensuring the data's accuracy and comprehensiveness.

Frequently Asked Questions

01. How big is the APAC Dietary Supplements Market?

The APAC dietary supplements market is valued at USD 59 billion, driven by increasing health consciousness, rising disposable incomes, and a growing elderly population across countries like Japan, China, and India.

 

02. What are the challenges in the APAC Dietary Supplements Market?

Challenges include stringent regulatory requirements, price sensitivity in emerging economies, and market saturation in highly urbanized areas. Additionally, counterfeit products and inconsistent supply chains pose risks to market stability.

 

03. Who are the major players in the APAC Dietary Supplements Market?

Key players in the market include global giants like Amway, Herbalife, Abbott Laboratories, and local players such as Blackmores Limited and Swisse Wellness. These companies dominate due to their extensive product portfolios and strong distribution networks.

 

04. What are the growth drivers of the APAC Dietary Supplements Market?

Growth is driven by increasing health awareness, an aging population in countries like Japan, the rise of e-commerce platforms, and innovations in supplement delivery formats such as gummies and powders.

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