Asia Pacific Nutraceutical Ingredients Market By Product (Functional Food, Dietary Supplements, Functional Beverages), By Geographic Scope And Forecast

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

• Functional Food• Dietary Supplements• Functional Beverages

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Based on Product, the market is bifurcated into Functional Food, Dietary Supplements, Functional Beverages. Functional Food segment accounted for the largest market share in 2019 and Dietary Supplements is projected to grow at a CAGR of 11.25% over the forecast period. Dietary supplements can be referred to as substances that add nutrients to the diet or lower the risk of health problems such as osteoporosis or arthritis. Dietary supplements come in various forms like powders, pills, capsules, gel capsules and tablets, extracts, or liquids. They might contain amino acids, vitamins, minerals, fiber, herbs or other plants, or enzymes. It is one of the fastest growing segments of Nutraceutical Ingredients. Thus, these factors will propel drive the demand for Standards Nutraceutical Ingredients type segment across the forecast timeline.

Asia Pacific Nutraceutical Ingredients Market, By Country

• China• Japan• India• Singapore• Rest of the Asia Pacific

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On the basis of country analysis, the Asia Pacific Nutraceutical Ingredients Market is classified into China, Japan, India, Singapore, and Rest of the Asia Pacific. China accounted for the largest market share and Japan was the second-largest in 2019. Rising health concerns and increasing consumer medical expenditure are some of the major factors likely to fuel the demand for dietary supplements, which, in turn, is expected to boost the demand for amino acids. The shift in a trend toward ready-to-drink beverages is supporting the demand for aspartame, in turn, extending the consumption of amino acids in the form of aspartic acid in the region over the forecast period.

Key Players

The “Asia Pacific Nutraceutical Ingredients Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as 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. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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