Asia Pacific Nutraceutical Ingredients Market By Product (Functional Food, Dietary Supplements, Functional Beverages), By Geographic Scope And Forecast
Asia Pacific Nutraceutical Ingredients Market By Product (Functional Food, Dietary Supplements, Functional Beverages), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Asia Pacific Nutraceutical Ingredients Market Size And Forecast
Asia Pacific Nutraceutical Ingredients Market size was valued at USD 16,442.79 Million in 2020 and is projected to reach USD 34,561.98 Million by 2028, growing at a CAGR of 9.74% from 2021 to 2028.
The basic availability of the raw material and increasing consumer awareness with their per capita income is contributing factor for the growth of the functional food market. The rising ageing is expected to drive the demand for the nutraceutical in the face of the increasing older population. The Asia Pacific report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Asia Pacific Nutraceutical Ingredients Market Definition
Nutraceutical ingredients are defined as contents providing medical or health benefits to the users such as vitamins, prebiotics, minerals, proteins & amino acids, Omega-3 fatty acids, fibers & specialty carbohydrates, phytochemicals & plant extracts, carotenoids, and others. Nutraceutical ingredients are beneficial to the body in a number of ways such as bone health, gut health, immunity, heart health, nutrition, and weight management.
The Asia Pacific Nutraceutical ingredients are growing on account of the expanding benefits provided by the relevant products, in regards to the prevention and treatment of various chronic diseases such as obesity, cancer, diabetes, and high blood pressure.
Asia Pacific Nutraceutical Ingredients Market Overview
Asia Pacific region is already rich in demand for healthy ingredients containing natural foods and fruits on account of its topography, culture, and food habits. Apart from that, India and China are prominent players in the production of low-cost pharmaceutical API, and final products. India particularly has taken a lead in the generic pharmaceuticals landscape, contributing over 20% by volume of the global generics market and 62% of the global demand for vaccines.
The basic availability of the raw material and increasing consumer awareness with their per capita income is also contributing factor for the growth of the functional food market. Asian pharmaceutical industry is also changing in terms of adoption of more lean production practices, enhanced use of digitalization, and increasing investment with expanding demand from the region’s consumers.
The rising ageing is expected to drive the demand for the nutraceutical in the face of the increasing older population, consumer adoption as a part of preventive healthcare is estimated to grow. The demand for nutraceutical ingredients is estimated to grow over the forecast period.
Asia Pacific Nutraceutical Ingredients MarketSegmentation Analysis
The Asia Pacific Nutraceutical Ingredients Market is segmented on the basis of Product, and Geography.
Asia Pacific Nutraceutical Ingredients Market, By Product
Looking at the market by Product, you'll find it broken down into areas like Functional Food, Dietary Supplements, and Functional Beverages. Back in 2019, Functional Food was the big cheese. But guess what? Dietary Supplements are expected to explode in popularity, growing super fast at an 11.25% CAGR! These Dietary supplements are like little helpers for your diet – giving you extra nutrients and maybe even helping keep things like osteoporosis or arthritis at bay. They come in all formspowders, pills, capsules, gel capsules, tablets, extracts, you name it! And they're packed with good-for-you stuff like amino acids, vitamins, minerals, fiber, herbs, and enzymes. That's why they're one of the fastest-growing parts of the Nutraceutical Ingredients world. So, get ready, because the demand for Standards Nutraceutical Ingredients is about to skyrocket!
Asia Pacific Nutraceutical Ingredients Market, By Country
• China• Japan• India• Singapore• Rest of the Asia Pacific
To Get Summarized Market Report By Country-
When we look at the Asia Pacific Nutraceutical Ingredients Market by country, we're talking about places like China, Japan, India, Singapore, and the rest of the region. Back in 2019, China was the biggest player, with Japan coming in second. What's driving this market? Well, people are getting more worried about their health and spending more on medical stuff. This means they're buying more dietary supplements, which then boosts the need for things like amino acids. Plus, everyone's getting into ready-to-drink beverages, and that's pushing up the demand for aspartame, which in turn means more aspartic acid (an amino acid) being used in drinks across the region in the years to come.
Key Players
Want to know what's going on in the "Asia Pacific Nutraceutical Ingredients Market"? This study dives deep, giving you a good look at the whole thing. We're talking about the big names too, like Nestle S.A., Ajinomoto Co. Inc., General Mills Inc., Dean Foods Company, Danoine SA, BASF SE, GlaxoSmithKline Plc, Arla Foods and PepsiCo Inc, and Others.We even have a special section just for these key players! Our team breaks down their financial health, compares their products, and gives you a SWOT analysis. Plus, we'll show you how they're competing – their strategies, market share, and where they stand in the rankings.
Key Developments
Company Name
Key Development
Description
GENERAL MILLS INC
Product Launch
• General Mills Inc., took part in the China International Import Expo for the first time this year, introducing its high-end pet food Blue Buffalo to the Chinese market. It is a in natural and healthy pet food.
BASF SE
Product Launch
• BASF SE personalized nutrition solutions for cardiovascular health at Food Ingredients China (FIC). Newtrition solution by BASF provides personalized health assessment including omega-3 index for the first time.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2017-2028
BASE YEAR
2020
FORECAST PERIOD
2021-2028
HISTORICAL PERIOD
2017-2019
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Nestle S.A., Ajinomoto Co. Inc., General Mills Inc., Dean Foods Company, Danoine SA, BASF SE, GlaxoSmithKline Plc, Arla Foods and PepsiCo Inc, and Others.
SEGMENTS COVERED
ProductÂ
Geography
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We dig deep into the market using both qualitative and quantitative analysis, segmenting it by economic stuff and all the other things that matter. You'll get market value data in USD Billion for every segment, big or small. We'll point out the region and segment we think will grow the quickest and become the biggest. Our geographical analysis shows how much of the product/service each region is using, plus what's influencing the market there. Check out the competitive scene, including who's on top, new product launches, M&A, and partnerships from the last five years. We've got detailed company profiles too, with company overviews, insights, product comparisons, and SWOT analyses for the main players. Get the scoop on what's happening now and what's coming in the future, including growth chances and what's holding things back, for both new and established areas. We even break down the market using Porter's five forces. Understand how it all works with our value chain analysis, see where the market's headed, and uncover growth possibilities for the future. And don't forget, you get 6 months of analyst support after you buy.
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