China Dietary Supplements market growth, size, upcoming trends and future opportunities up to 2027


New York, United States, Saturday, March 19, 2022 9:42:19 am / Comserve Inc. / — Top Key Players; wisse Wellness, Nestlé Health Science, Bayer AG, Yakult Honsha Co., Ltd., DSM, Pfizer Inc. and Danone SA

Research Nester has published a report entitled Dietary Supplements Market in China -Needs Analysis & Opportunity Outlook 2027″ It also includes some of the key market analysis parameters such as Industry Growth Drivers, Restraints, Supply and Demand Risk, Market Attractiveness, Year-on-Year Growth (YOY) Comparisons, Market Share Comparisons, BPS Analysis, SWOT Analysis, and Porter’s Five Force Model.

The statistics show the growing concerns about health and the increase in chronic diseases that have created a need in people to consume healthy foods and maintain a healthy diet. Increasing preferences for healthy eating are also increasing the need for food manufacturers to increase their production of dietary supplements, which has been shown to generate huge profit margins for companies, resulting in several new players focusing on participating in the existing market competition. Furthermore, the growing geriatric population in China, the growing population of the country, the increasing concern about chronic diseases and the need to cure these diseases are some of the factors that are expected to drive the growth of the China dietary supplement market.

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The China dietary supplement market is expected to grow at a CAGR of 14.45% during the forecast period i.e. 2020-2027. The market is thriving due to the introduction of new, advanced and cost-effective nutritional supplement products and the increase in the number of working women across the Asia-Pacific region. Other factors include the increasing demand for natural, gluten-free nutraceuticals, increasing awareness of the side effects of consuming chemical-based skin, eye or health pharmaceuticals, increasing research and development in the field of dietary supplements, and increasing investments by in-house giants some of the factors expected to contribute to the growth of the China dietary supplement market in the coming years. The market was valued at $27.6 billion in 2018 and is expected to reach $87.7 billion by the end of 2027.

The dietary supplements market in China is segmented into online and offline by distribution channel. Among these segments, the online segment is expected to register a modest CAGR during the forecast period. Factors such as the increasing number of individuals using the Internet as well as the numerous benefits associated with the online sales channel are driving the growth of the segment. The World Bank stated in one of its statistics that the total number of people using the internet (% of the population) is expected to reach 54.30% in 2017, up from 50.30% in 2015. In addition, the offline segment is further divided into supermarkets or hypermarkets, pharmacies and others.

However, concerns about the presence of counterfeit products and the existence of strict regulations and complicated testing systems for dietary supplements are some of the factors that are estimated to be hampering the growth of China’s dietary supplement market.

This report also examines the existing competitive scenario of some of the major players in the Dietary Supplements Market in Chinawhich includes profiling Swisse Wellness, Nestle Health Science, Bayer AG, Yakult Honsha Co., Ltd., DSM, Pfizer Inc. and Danone SA

The profiling includes key company information, which includes a business overview, products and services, key financial metrics, and breaking news and developments. Finally the report entitled “Dietary Supplements Market in China – Demand Analysis and Opportunity Outlook 2027”, analyzes the overall China Dietary Supplements industry to help new entrants to understand the details of the market. Additionally, this report also guides existing players looking for expansion and big investors looking for investments in the China Dietary Supplements Market in the near future.

Download a sample report with table of contents and figures:

Research Nester is a one-stop service provider, at the forefront of strategic market research and consulting with an unbiased and unparalleled approach to helping global industrial companies, conglomerates and executives make smart decisions for their future investments and expansions by providing them with qualitative market insights and deliver strategies while avoiding future uncertainties. We believe in honesty and pure hard work that we trust is reflected in our work ethic. Our vision is not just limited to gaining the trust of our customers, but also to be respected by our employees and valued by the competition.

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