Aarkstore announce a new report “Demand & Opportunities in Asia Pacific Nutritional Supplements Industry ” through its vast collection of market research report.
EXECUTIVE SUMMARY
The report on “Demand and Opportunities in Nutritional Supplements Industry” offers detailed market environment of nutritional and dietary supplements which includes global market structure, demand and market by segments. Study analyses overall Asia Nutritional supplements market covering Hong Kong, India, China, Malaysia, and Japan. Industry developments present recent trends and opportunities also report covers factors driving the industry growth. Players profiling is also a part of the report with an overview of business, financial summary and developments.
The global nutritional supplements industry has been growing for several years and continues to expand despite the economic downturn started in the mid of 2007.
China is expected to outpace Japan due to the growing interest of its large middle class in nutrition and supplements. In recent years, many Asian countries are going through a transformation in lifestyle, economy and spending habits led by urbanization, resultant more health conscious people. Hong Kong imports most of the health supplements from China, Japan, US, Australia, New Zealand and Europe.
There is tough competition in the Vitamin, Minerals, Supplements (VMS) retail industry due to the fragmented structure of the industry driven by ageing population, increasing concerns of health and rising uninsured population. Sports nutrition and speciality supplements are the two fastest growing segments of the VMS industry and further these segments are offering high growth opportunities, whereas vitamins are leading the market demand and herbs stood at second place in the market.
Key Findings
The dietary and nutritional supplement market generated USD~ billion sales worldwide in 2010.
Multivitamins make up a major portion of this market and grew almost 7.9% through this year (2010). In 2010, Pediatric nutrition market reached to USD~ billion as compared to USD~ billion sales in 2003 and further 4.34% growth is expected through 2012.
In ASEAN region, the food supplements market was worth about USD~ billion in 2010 and is growing y/y.
The dietary supplement market in Hong Kong has crossed USD~ billion in 2010, of which vitamins and minerals accounts for the largest percent of the market. Vitamins and minerals sales accounted for USD~ million in 2010 due to continuous rising demand from women and elderly population.
The nutraceuticals market in India has reached to USD~ billion in 2010 from USD~ billion in a year before and expected to cross USD~ billion in 2012. Large number of uneducated population is a trouble for the industry which might affect future performance of the industry.
There is a high potential for herbal products in China which brings export opportunities. Calcium is high on demand in the country reached to USD~ billion in 2010 from USD~ billion in 2009.
Infant milk formula market is one of the strongest segments in the China dairy industry, accounting for USD~ billion with a CAGR of 17.16% (2005-2010) and this growth rate is expected to sustain further despite the melamine crisis in late 2008.
In Malaysia, the vitamins and dietary supplements market was approximately USD~ million in 2005 grew by CAGR 3.88% USD~ billion in 2010 and its domestic consumption is still highly dependents upon imports.
Japan is leading the nutritional and dietary supplements market in Asia also third largest player in the global nutritional and dietary supplement market.
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