Published: Apr, 2015
Transparency Market Research (TMR) recently published a study on the Asia Pacific Nutraceuticals Product Market. TMR, a market intelligence company based in United States finds out Asia Pacific Nutraceuticals product market will be valued at US$204.8 billion in 2017 growing at CAGR of 6.3% from US$142.1 billion in 2011. The report titled, “Nutraceuticals Product Market: Asia Pacific Market Size, Segment and Country Analysis and Forecasts (2007-2017)” is available for sale on the company website.As per the findings of the report, Asia Pacific nutraceuticals product market is primarily driven by growing demand for dietary supplements and functional food segments of the market. Nutraceuticals are said to have health benefits and help to prevent and fight against diseases. For the purpose of the study, Asia Pacific nutraceuticals product market is segmented into functional beverages, functional foods, and dietary supplements.
Browse the full Nutraceuticals Product Market: Asia Pacific Market Size, Segment and Country Analysis and Forecasts (2007-2017) report at https://www.transparencymarketresearch.com/asia-pacific-nutraceuticals-product-market.html?
Further, dietary supplements are segmented as protein and peptides, herbals, vitamins and minerals, non-herbals, and others for the study purpose. The functional food product sub-segments include probiotics fortified food, branded ionized salt, omega fatty acid fortified food, branded wheat flour market, and others. Further the functional beverage product segment can be sub-segmented into fruit & vegetable juices, dairy drinks, non-carbonated drinks, and other beverages. The market study reveals that the dietary supplements product type segmentation is expected to dominate the market in terms of revenue during the forecast period. Dietary supplements are said to build immunity thereby helping in prevention of infections. Of the sub-segmentation of dietary supplements herbals, high demand for vitamins and mineral products will propel the Asia Pacific nutraceuticals product market.
The market study further states functional food product segment will account for the second largest share of the Asia Pacific nutraceuticals product market between 2012 and 2017. Additionally, the functional beverage product segment is anticipated to grow steadily between 2012 and 2017 on account of increased adoption of health drinks among consumers.For the purpose of the study, the countries included in the Asia Pacific nutraceuticals product market are China, Japan, South Korea, Indonesia, India, Australia, Taiwan, and Thailand. According to the report, Japan leads the Asia Pacific nutraceuticals product market followed by China. The study forecast that Japan and China are anticipated to have 54.8% and 39.5% share respectively of the Asia Pacific nutraceuticals product market in 2017.
India is expected to witness high growth in the Asia Pacific nutraceuticals product market due to growing preference for nutraceuticals products over pharmaceutical products. The changing lifestyle and growing knowledge about the health benefits offered by the nutraceuticals products is increasing its demand among urban consumers across Asia Pacific. Owing to this, dietary supplements are expected to have highest growth, and functional food is expected to have steady growth between 2012 and 2017.
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