Asia Pacific Nutritional Supplements Market to Grow with a CAGR of 5.71% through 2029

Modern wellness approaches and a shift towards preventive healthcare is expected to drive the Asia Pacific Nutritional Supplements Market growth in the forecast period, 2025-2029

 

According to TechSci Research report, “Asia Pacific Nutritional Supplements Market –Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Asia Pacific Nutritional Supplements Market stood at USD 149.32 billion in 2023 and is anticipated to grow with a CAGR of 5.71% in the forecast period, 2025-2029. Product innovation plays a pivotal role in driving growth within the nutritional supplements market. The market is characterized by its dynamic nature, with companies continuously striving to innovate and cater to the evolving demands of consumers. New product launches, such as functional foods, personalized supplements, and specialized formulations, are capturing the interest of a diverse customer base and fueling market expansion.

Also, the concept of wellness has expanded beyond physical health to encompass mental and emotional well-being. As a result, there is a growing demand for products that address stress management, cognitive health, and emotional balance. Supplements targeting mental wellness, adaptogens, and nootropics are witnessing a surge in popularity as consumers prioritize holistic approaches to their overall well-being.                                                                                             

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The nutritional supplements market in the Asia Pacific region faced challenges amid the COVID-19 pandemic, primarily due to disruptions in the global supply chain caused by lockdowns. However, despite these challenges, the market experienced a surge in demand for supplements, particularly those aimed at boosting immunity. This increased demand helped local vendors thrive despite supply chain disruptions.

The market's growth is driven by growing consumer awareness of the benefits of nutritional supplements and their easy availability in the region. Rising per capita disposable income has also contributed to increased spending on dietary supplements. Consumers in the region are becoming more health-conscious, actively contributing to the market's expansion. The Asia Pacific region's preference for traditional medicine practices has led to a growing demand for naturally sourced and functional foods. This shift towards holistic health approaches has significantly impacted the nutritional supplements market, making these products a staple in households across the region.

Also, the rising interest in sports and physical activity has fueled demand for fitness supplements among enthusiasts and professional athletes. This trend has contributed to the market's expansion, with the Asia Pacific region representing a significant portion of the global physical activity market. The increasing prevalence of chronic diseases due to urbanization and changing lifestyles has driven demand for nutritional supplements to address deficiencies and prevent associated health issues. The cost-effectiveness of raw materials and the popularity of natural products have further boosted market growth.

The Asia Pacific Nutritional Supplements Market is segmented into product, formulation, sales channel, regional distribution, and company.

The functional food and beverage category emerged as the market leader in 2023, representing the largest share of revenue. This category includes products like probiotics, Omega-3, and fatty acids, among others. The growing demand for probiotics, renowned for their positive impact on gut health and the management of gastrointestinal chronic issues, played a pivotal role in this dominance.

On the other hand, the sports nutrition sector is projected to witness the highest Compound Annual Growth Rate (CAGR) during the forecast period. This growth is driven by the increasing number of individuals adopting a more active and health-conscious lifestyle. The Asia Pacific region is becoming a lucrative market for sports nutrition products, fueled by rising health awareness and government initiatives aimed at enhancing public health and reducing healthcare costs significantly. These factors collectively contribute to the overall expansion of the market.

Based on sales channel, The brick-and-mortar retail segment maintained its dominance in the market, capturing the largest share of revenue. Despite the prevalence of online shopping, a significant portion of consumers still prefer the experience of making purchases in physical stores. However, online sales and e-commerce platforms have been rapidly gaining traction, driven by factors such as the ongoing pandemic's impact, the convenience of accessing multiple options in one place, and the attraction of discounted prices. Many individuals who shifted to online shopping during the pandemic are expected to continue this preference.

Looking forward, the e-commerce platforms segment is poised to witness the most rapid Compound Annual Growth Rate (CAGR) during the forecast period. This growth is primarily attributed to the constraints imposed by COVID-related restrictions and lockdowns, as well as efforts by market players to collaborate with e-commerce platforms to reach a broader consumer base. These factors collectively contribute to the expansion of the market. 

Major companies operating in Asia Pacific Nutritional Supplements Market are:

• Herbalife International of America Inc
• Amway Corp
• Abbott Laboratories Inc
• GNC Holdings LLC
• Bayer AG
• Sanofi SA
• Nestle SA
• Pfizer Inc
• Mondelez International group.
• Science in Sport PLC

 

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“The Asia Pacific nutritional supplements market is at the forefront of a transformative period. The convergence of personalized nutrition, natural and plant-based ingredients, immune health support, sustainability, and digital platforms is creating a dynamic and innovative landscape. As the market continues to evolve to meet the diverse needs of consumers in the region, it is poised to remain a key player in the global nutritional supplements industry, catering to the holistic well-being and evolving health priorities of individuals in the Asia Pacific,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Asia Pacific Nutritional Supplements Market - Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Sports Nutrition, Dietary Supplements, Functional Foods & Beverages), By Formulation (Tablets, Capsules, Powder, Softgels, Liquid, Others), By Sales Channel (Brick & Mortar, E-commerce), By Region, and By Competition, 2019-2029F”, has evaluated the future growth potential of Asia Pacific Nutritional Supplements Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Asia Pacific Nutritional Supplements Market.

 

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