The Asia-Pacific nutraceuticals market is projected to grow at a CAGR of 8.9% during the forecast period. The rapidly growing aging population of countries such as Japan, Indian, and China has presented a huge opportunity for the regional growth of the market. Aged people are more prone to diseases such as diabetes, obesity, and cardiovascular diseases. Nutraceuticals that contain antioxidants, probiotics, and polyunsaturated fatty acids help in managing such problems and hence there is an increasing demand for nutraceuticals in the region.
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The Asia-Pacific nutraceuticals market is segmented on the basis of product type and distribution channels. Based on the product type, the market is segmented into functional food, functional beverage, and dietary supplements. The functional food segment is projected to hold a significant share in the market owing to the availability and increased awareness about a wide range of functional food in the market.
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Based on the distribution channel, the market is segmented into retail & supermarkets and online platform. The online distribution channel tends to exhibit significant growth during the forecast period. Further, the report covers the country-level analysis of China, India, Japan, and the Rest of Asia-Pacific. India is estimated to exhibit a significant growth rate in the Asia-Pacific nutraceuticals market during the forecast period.
Some of the prominent players operating in the Asia-Pacific nutraceuticals market include Otsuka Pharmaceuticals Co. Ltd., Teijin Ltd., Himalaya Global Holdings Ltd., Nestle SA, and others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the North American nutraceuticals market. For instance, in May 2019, Japanese Teijin Ltd. entered the functional food market by the establishment of Nomon, Co., Ltd. for selling nutraceutical food and beverages to help people maintain their health.
Market Segmentation
Asia-Pacific Nutraceuticals Market by Product Type
• Functional Food
• Functional Beverage
Asia-Pacific Nutraceuticals Market by Distribution Channel
• Retail & Supermarket
• Online Platform
Regional Analysis
• China
• Japan
• India
• Rest of Asia-Pacific
Company Profiles
Biholon Co. Ltd.
• Overview
• Biholon Co. Ltd. in Nutraceuticals Landscape
• Recent Developments
• Cosmic Concord Corp., Ltd. (3C)
• Divi's Laboratories Ltd.
• E.I.D Parry Ltd.
• Fine Co. Ltd.
• Herbalife Ltd.
• Himalaya Global Holdings Ltd.
• Nestle SA
• Otsuka Pharmaceuticals Co. Ltd.
• Nomon, Co., Ltd. (Teijin Ltd.)
• Nutritech Asia Group Ltd.
• Patanjali Ayurved Ltd.
• SBS Inc.
• Sirio Pharma Co., Ltd.
• Zoic Pharmaceuticals
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