Dietary supplement is described as a broad and diverse category of products that a person consumes to support good health and supplement the diet. Dietary supplements are neither medicines, nor a substitute for food. However, some supplements are useful in reducing the risk of certain diseases and are authorized to make label claims about these uses. For example, folic acid supplements may make a claim about reducing the risk of birth defects of the brain and spinal cord.
Global dietary supplements market is projected to grow with a CAGR of 6.9%, during the forecast period (2020-2025).
The dietary supplements market is preliminarily driven by the paradigm shift toward preventive health management practices, amid rising healthcare costs and increasing burden of lifestyle diseases.
Based on product type, the vitamin segment is steadily growing, whereas the fatty acid segment represents the fastest growing supplement segment due to the popularity of omega-3-based supplements. Asia-Pacific is the fastest growing region in the dietary supplements market, driven by major investment opportunities especially for herbal and Ayurveda extract-based products.
Asia- Pacific Remains the Fastest Growing Market
The Asia – Pacific dietary supplements market has witnessed rapid growth in both developed and developing countries. Demand for supplements in countries like India, China, and Japan has increased in recent years, owing to the considerable presence of the aging population in such developing countries. Supplements are most in demand, owing to their various health benefits. The dietary supplements market in the region is anticipated to offer major investment opportunities, especially for herbal and Ayurveda extract-based products. This is because of the ample availability of raw materials in India and Southeast Asian countries.
Why Invest in HonorDoctor Nutrition?
With a continuous growth (3-7% CAGR ) since the past decade, US and EU VDS markets are driving the sector but by 2022 Asia would represent up to 47% of the total VDS market (Euromonitor Global consumer health report 2018), so now the question is to know where to invest to capture the growth opportunity?
At HonorDoctor Nutrition, we’d like to hear from you. Filling and submit the form below, we will contact you shortly.