According to the
report analysis, ‘Asia-Pacific Nutritional Supplement Market
(2018-2023)’ states that there are several key players which are
presently functioning in this market more actively for acquiring the huge
market share in Asia Pacific region by doing more developments in the quality
of the product includes Amway Corporation, GlaxoSmithKline, Amway Asia-Pacific
Ltd., Bayer AG, Arkopharma Laboratories and several others. Moreover, the key
players of this market are establishing the e-commerce platform for leading the
highest market share and accomplishing the growing demand of potential buyers
across the globe. Not only has this, many of the key players are benefiting
with the joint ventures and mergers and acquisitions for ruling across the
globe which further proved to be beneficial for leading the fastest growth in
the reviewed period. The Asia-Pacific
region nutritional supplement market was valued USD 44.02 Billion in 2017. This
market is predictable to observe the fastest growth at a CAGR of 14.63% from
the period of 2018 to 2023. Personalized nutrition is developing more
significantly as a major trend in this market. Growing awareness related to the
requirement for nutritional supplements in China and India is acting in favor
of the market.
The present scenario
and significant development in the nutritional supplement has represent the
effective growth in the present era. As the consumer of this trend is become
more health conscious and demand for nutritional supplement. In the Asia
pacific region, the disposable income of a consumer is rising more actively
which further lead the fastest market in the forecasted period. Whereas the
nutritional supplements are manufactured products which intended to supplement
the diet as they facilitate nutrients either extracted from food sources or
synthetic in order to increase the quantity of their consumption. Moreover, the
nutritional supplements can also encompasses the ingredients that have not been
confirmed as being indispensable to life, but are advertised as having a
beneficial biological impression which includes polyphenols and pigments. Not
only has this, with the effective applications of nutritional supplement in
China the market will lead to the growth more positively in near future.
Lack of awareness
related the dosage of nutritional supplements and limited government
regulations and guidelines is measured to be one of the challenges for this
market. Whereas, the key players of this market are working more significantly
for facing the challenges more actively and removing the restraints as they
both hamper the market growth and limit the efforts of the key players for
leading the handsome amount of share. Augmented consumer awareness related to
the benefits of these supplements and high product obtainability are some of
the major drivers in Asia-Pacific region. Growth in the disposable income
enable the populace to spend more from the additional amount of income on nutritional
supplements. The usage of traditional herbal supplements such as tulsi,
aswagandha and turmeric because of their medicinal advantages is also a key
driver for this market. Therefore, in the near future it is expected that the
market of nutritional supplement in the Asia Pacific region will increase more
significantly in the upcoming few years.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
