"Asia Pacific Dietary Supplements Market: Size and Distribution Channel Forecast 2020-2028"

Market Dynamics

Increasing awareness of the health benefits of  dietary supplements: Consumers in the Asia Pacific region are becoming increasingly aware of the health benefits of dietary supplements and are looking for ways to improve their overall health and well-being. Dietary supplements can help to fill nutritional gaps in the diet, boost immunity, improve athletic performance, and reduce the risk of chronic diseases.

Store based segment accounted for the larger market share in 2018, this market is expected to reach usd 47120.81 million in 2025 from usd 29016.31 million in 2018. this market is projected to grow at a cagr of 7.23% during the forecast period from 2019 - 2025. however, non-store based segment is the fastest growing market, which is expected to grow at a cagr of 8.50% during the forecast period 2019 - 2025.

Growing aging population: The aging population in the Asia Pacific dietary supplements Market region is another key driver of the dietary supplements market. As people age, they are more likely to experience health problems and may need to take dietary supplements to maintain their health and well-being.

Rising disposable incomes: Rising disposable incomes are also driving the growth of the dietary supplements market in the Asia Pacific region. Consumers with more disposable income are more likely to spend money on preventive healthcare products and services, such as dietary supplements.

Increasing availability of dietary supplements: Dietary supplements are becoming increasingly available through a variety of channels in the Asia Pacific region, including retail stores, pharmacies, and online retailers. This makes it easier for consumers to find and purchase the dietary supplements they need.

The Asia Pacific dietary supplements market is segmented by distribution channel into:

Store-based: Store-based distribution channels include retail stores, pharmacies, and department stores.

Non-store-based: Non-store-based distribution channels include online retailers, direct-to-consumer sales, and multi-level marketing.

Store-based distribution channels are the largest segment of the Asia Pacific dietary supplements market, accounting for over 60% of the market share in 2023. This is due to the fact that store-based distribution channels offer consumers a wider range of products to choose from and the convenience of being able to purchase dietary supplements in person.

However, the non-store-based distribution channel is expected to grow at the fastest CAGR during the forecast period. This is due to the increasing popularity of online shopping and the growing adoption of e-commerce in the Asia Pacific region. Online retailers offer consumers a wider range of products to choose from and lower prices than store-based retailers. Additionally, online retailers offer the convenience of being able to shop from anywhere and at any time.

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Key players in the Asia Pacific dietary supplements market include:

v Amway

v Abbott Laboratories

v Nestle

v Herbalife International

v Glanbia

v PepsiCo

v Cliff Bar & Company

v Science in Sports

v TheHut.com

v Cardiff Sports Nutrition

v Nature's Bounty

v NOW Foods

v Blackmores

v Swisse

v Vitaco Health

v Herbalogic

v Nature's Way (Australia)

v Puritan's Pride

v Solgar

v Thorne Research

v MegaFood

v New Chapter

v Country Life

These companies offer a wide range of dietary supplements products, including vitamins, minerals, herbal supplements, and sports nutrition products.

Key trends in the Asia Pacific dietary supplements market include:

Growing demand for personalized nutrition: Consumers in the Asia Pacific region are increasingly looking for personalized nutrition solutions that can help them to achieve their individual health goals. This is driving the demand for dietary supplements that are tailored to specific needs, such as age, gender, health status, and lifestyle.

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Increasing popularity of plant-based dietary supplements: Plant-based dietary supplements are becoming increasingly popular in the Asia Pacific region, as consumers are looking for natural and sustainable ways to improve their health. Some popular plant-based dietary supplements include turmeric, ginger, and ashwagandha.

Growing adoption of e-commerce: E-commerce is becoming an increasingly important distribution channel for dietary supplements in the Asia Pacific region. Consumers are finding it convenient and affordable to purchase dietary supplements online.

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