The Asia Pacific Herbal Dietary Supplement Market is projected to witness market growth of 7.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Herbal Dietary Supplement Market, by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $1.29 billion by 2031. The Japan market is showcasing a CAGR of 7.1% during (2024 - 2031). Additionally, The India market would register a CAGR of 8.3% during (2024 - 2031).
These products are derived from plants or plant extracts that are consumed to supplement the diet. These supplements typically come in various forms, such as capsules, tablets, powders, extracts, teas, and liquids.
Additionally, these are utilized for a wide range of applications, driven by their perceived health benefits and the desire for natural alternatives to conventional medicines. Numerous herbal supplements are incorporated into multivitamin formulations to promote overall health and address nutritional deficiencies.
With China's aging population, there is a rising awareness and increasing demand for products to enhance health, longevity, and overall quality of life for older adults. These are increasingly sought for their potential to support immune function, cognitive health, joint mobility, and overall vitality in aging individuals. According to the State Council of the People’s Republic of China, Chinese citizens aged 60 or older comprise 18.7 percent of the nation’s total population, an increase of 5.44 percentage points since the last census conducted in 2010.
The China market dominated the Asia Pacific Herbal Dietary Supplement Market, by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $1.29 billion by 2031. The Japan market is showcasing a CAGR of 7.1% during (2024 - 2031). Additionally, The India market would register a CAGR of 8.3% during (2024 - 2031).
These products are derived from plants or plant extracts that are consumed to supplement the diet. These supplements typically come in various forms, such as capsules, tablets, powders, extracts, teas, and liquids.
Additionally, these are utilized for a wide range of applications, driven by their perceived health benefits and the desire for natural alternatives to conventional medicines. Numerous herbal supplements are incorporated into multivitamin formulations to promote overall health and address nutritional deficiencies.
With China's aging population, there is a rising awareness and increasing demand for products to enhance health, longevity, and overall quality of life for older adults. These are increasingly sought for their potential to support immune function, cognitive health, joint mobility, and overall vitality in aging individuals. According to the State Council of the People’s Republic of China, Chinese citizens aged 60 or older comprise 18.7 percent of the nation’s total population, an increase of 5.44 percentage points since the last census conducted in 2010.
List of Key Companies Profiled
- Amway Corporation
- Jarrow Formulas, Inc.
- Nature's Sunshine Products, Inc.
- Herbalife International, Inc.
- Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- Pure Essence Labs
- GNC Holdings, LLC (Harbin Pharmaceutical Group)
- Pharmavite LLC (Otsuka Pharmaceutical Co., Ltd.)
- Renew Life Formulas, LLC. (The Clorox Company)
- Swanson Health Products, Inc. (Swander Pace Capital)
Market Report Segmentation
By End User- Home Use
- Clinics
- Hospitals
- Tablets & Capsules
- Powders
- Shakes
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Herbal Dietary Supplement Market, by End User
Chapter 5. Asia Pacific Herbal Dietary Supplement Market, by Product Type
Chapter 6. Asia Pacific Herbal Dietary Supplement Market, by Country
Chapter 7. Company Profiles
Companies Mentioned
- Amway Corporation
- Jarrow Formulas, Inc.
- Nature's Sunshine Products, Inc.
- Herbalife International, Inc.
- Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- Pure Essence Labs
- GNC Holdings, LLC (Harbin Pharmaceutical Group)
- Pharmavite LLC (Otsuka Pharmaceutical Co., Ltd.)
- Renew Life Formulas, LLC. (The Clorox Company)
- Swanson Health Products, Inc. (Swander Pace Capital)
Methodology
LOADING...
