The Asia-Pacific nutraceuticals market is anticipated to grow at a CAGR of 8.3% during the forecast period. The increasing prevalence of lifestyle-oriented diseases coupled with the growing aging population in the region is creating demand for nutraceuticals among the consumers, which tend to drive the Asia-Pacific nutraceuticals industry. The report covers the analysis of major economies including China, India, Japan, and the Rest of Asia-Pacific.
A full report of Asia-Pacific Nutraceuticals Market is available at: https://www.omrglobal.com/industry-reports/asia-pacific-nutraceuticals-market
India has been emerging as a potential region in the nutraceutical industry. The increasing middle income and high-income households tend to give a boost to the regional growth of the market. Moreover, there is increasing consciousness and focus on health and fitness among the Indian population. This has encouraged the Indian consumers to intake food products that cater to their additional specific requirements such as proteins, vitamins, and other nutrition.
Further, India has seen an increasing penetration of modern forms of retailing such as hypermarkets and supermarkets, e-commerce channels, and others. With the increasing penetration of such platforms, the distribution landscape of nutraceuticals such as functional food and functional beverages is changing rapidly. This, in turn, is presenting new opportunities for the growth of the Asia-Pacific nutraceuticals market in the near future.
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Market Coverage
- Market numbers available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Product Type
o By Distribution Channel
- Competitive Landscape- Otsuka Pharmaceuticals Co. Ltd., Teijin Ltd., Himalaya Global Holdings Ltd., Nestle SA, and others.
Key Questions Addressed by the Report
- What is the current market size and growth rate in the forecast period?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- Impact on market growth due to the COVID-19 pandemic?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Nutraceuticals Market – Segmentation
By Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
By Distribution Channel
- Retail & Supermarkets
- Online Platform
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