Asia-Pacific vitamins market by application, trends and forecast up to 2019

Published: 12-May-2015

Research and Markets has added a report on the Asia-Pacific vitamins market to their offering


The Asia-Pacific vitamins (nutraceuticals) market is estimated to grow at a CAGR of 7.0% from 2014 to 2019.

The Asia-Pacific consumers are increasingly becoming aware about their health and nutrition. This is mainly due to the changing lifestyles of the growing middle-class population.

The rise in the purchasing power of this middle-income population enables them to spend on nutraceuticals products that cater to the problems related to their dynamic lifestyles.

The altering lifestyle-based growth in nutraceutical products in this region shows the growing market for nutraceutical ingredients. This is due to the increase in demand for functional products that is directly proportional to the rise in the demand for nutraceutical ingredients.

In this report, the Asia-Pacific vitamins (nutraceuticals) market has been broadly discussed by its applications such as functional food, functional beverages, dietary supplements, animal nutrition and personal care.

The dietary food market is estimated to grow at the highest CAGR from 2014 to 2019. Awareness of vitamin (nutraceuticals) ingredients in the supplementary food and personal care is a major diving force for the vitamin (nutraceuticals) industry in Asia-Pacific.

Japan is the largest vitamins (nutraceuticals) market in Asia-Pacific with a market share of 28.48% followed by China. India has the highest CAGR for the estimated period. There are quality control issues with minerals as well as vitamins imported from China, especially used in pet food.

In the US, there was an issue of deaths of thousands of dogs and cats owing to the consumption of the contaminated food sourced from China. This has made the pet owners more cautious. This acts as a restricting factor in the growth of the vitamins (nutraceuticals) ingredients consumption in the Asia-Pacific region.

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