APAC Vitamins and Minerals Market Analysis

$3,500.00$7,500.00

  • Type: Common Disease Area
  • Published : February 2022
  • Region: APAC
  • Country: Other
  • Report ID : 5047

  • Format: PPT, PDF

APAC Vitamins and Minerals Market: Segmented by Type, Application, Costumer Group, Application, and Formulation Outlook – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

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Report Description of the APAC Vitamins and Minerals Market

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approaches for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of APAC Vitamins and Minerals market
  • To classify and forecast APAC Vitamins and Minerals market based on application, drugs, project type, and application.
  • To identify drivers and challenges for APAC Vitamins and Minerals market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in APAC Vitamins and Minerals Drugs market
  • To conduct pricing analysis for APAC Vitamins and Minerals Drugs market
  • To identify and analyze the profile of leading players operating in APAC Vitamins and Minerals market

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Renal Cell Carcinoma drug market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Renal Cell Carcinoma market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do deep dive research and also provide strategy-based consulting analysis

APAC Vitamins and Minerals Market Executive Summary

Developing nations across the region of Asia-Pacific have been observed to spend heavily on their health care and welfare. Notably, Japan accounted for 10.95% of its GDP as expenditure in terms of healthcare as compared to other countries of the region and recorded. Australia was no less in terms of expenditure on healthcare and spent 9.28% of its GDP in the year 2018 (as per World Bank). The high expenditure by such countries signifies the changing consumer behavior toward healthcare and surging demand for healthcare products like Vitamins and Minerals supplements. Other developing countries like South Korea, China, and India are creating demand for dietary supplements and are expected to grow in the forecast period.

Market Size and Key Findings

The APAC Vitamins and Minerals s market size is at around USD 9.05 billion in 2021 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 2.69% during the forecast period.

The Asia-Pacific region is the largest regional market and the U.S. is the second-largest market for vitamins. The overall vitamins market is slated for steady growth, driven by a positive outlook in end-user sectors. Rising consumer awareness and an increase in purchasing power due to economic developments have fuelled the growth of sales of vitamins in the Asia-Pacific region.

Market Dynamics

Market Growth Drivers Analysis

The growing awareness about the need for dietary supplements in the Asia-Pacific region will act favorably for the market. Also, personalized nutrition is gaining popularity among consumers in the Asia-Pacific region among all age groups, as there is an emerging market for vitamins and minerals products, rising health consciousness, and growing interest in sports activities are among the key factors driving the market growth in this region. which will further boost the market in the forecasted period

Market Restraints

The lack of widespread awareness related to the benefits of vitamin and mineral premixes in the food and supplement industry even with the rising awareness for premixes poses a challenge for the market. The awareness is growing mostly in the developed countries, while in the rural areas of the developing countries where there is a highest requirement of nutritional supplements are unaware of the benefits and availability of vitamin and mineral premixes.

Competitive Landscape

Key Players

Key participants operating in the market include Glanbia plc; Nestle; Abbott Nutrition; Herbalife International of America, Inc.; and Amway. Increasing investments in R&D, mergers & acquisitions, geographic expansions, collaborations with other industry players, and product & flavor differentiation are among the crucial strategies adopted by these companies for gaining a competitive edge in the market.

Products in Pipeline

In March 2021, DSM launched ampli-D, a 3 times faster-acting form of vitamin D supplement in Australia.

In September 2020, Prorganiq announced the launch of its new, innovative health product, ‘24-in-1 mega superfoods’. The new product packs a powerful formula of 24 different essential greens, veggies, fruits, and herbs into a single capsule and delivers an improvement in its user’s general health and well-being. Filled with amino acids, vitamins, and minerals, the product is 100% plant-based and offers a gluten-free, GMO-free dietary supplement that is aimed at helping people live a healthier lifestyle.

Notable Recent Deals

Sido Muncul launched its popular nutrition product, Tolak Angin, in the Philippines to expand its business in other countries. Tolak Angin is an herbal supplement to boost the immune system, improve digestive health and help symptoms of a cold.

Kalbe Farma announced outlet openings in shopping malls in Indonesia. These Kalba Care outlets display health and nutrition products such as energy drinks, vitamins, snacks, and powdered milk.

Healthcare Policies and Regulatory Landscape

Pricing and Reimbursement scenario of Vitamins and Minerals supplements

Singapore’s Ministry of Health published a fact sheet explaining the Nutri-Grade system that will rate prepackaged, non-alcoholic beverages as “A”, “B”, “C”, “D” based on levels of sugar and saturated fat.  The labels will be mandatory for beverages in categories “C” and “D”, and advertising will be prohibited for category “D” beverages.  This grading system will take effect at the end of 2021.

1. Report Description of the APAC Vitamins and Minerals Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. APAC Vitamins and Minerals Market Executive Summary
2.1 APAC Vitamins and Minerals Market – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of APAC Vitamins and Minerals Market
3.1 Market Growth Drivers Analysis
3.1.1 Increasing Geriatric Population
3.1.2 Increasing Risks with Lifestyle Related Factors
3.1.3 Technological advancements in Diagnosis and Imaging Techniques
3.2 Market Restraints Analysis
3.2.1 High Cost of Treatment
3.2.2 Lack of Regulatory Standards
3.2.3 Rising Patient Cliff
4. Vitamins and Minerals Market Segmentation
4.1 By Type Analysis:
4.1.1 Vitamin A
4.1.2 Vitamin B
4.1.3 Vitamin C
4.1.4 Vitamin E
4.1.5 Calcium
4.1.6 Iron
4.1.7 Magnesium
4.1.8 Zinc
4.1.9 Others
4.2 By Application Analysis:
4.2.1 Food and Beverages
4.2.2 Supplements
4.2.3 Pharmaceuticals
4.2.4 Animal Feed
4.2.5 Others
4.3 By Consumer Group Analysis:
4.3.1 Infants
4.3.2 Children
4.3.3 Adult
4.3.4 Pregnant
4.3.5 Geriatric
4.4 By Formulation Outlook Analysis:
4.4.1 Powder
4.4.2 Capsules
4.4.3 Liquid
4.4.4 Tablets
4.4.5 Soft Gels
4.4.6 Others
5. Vitamins and Minerals Products Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in APAC Vitamins and Minerals Market
6.4 Notable recent deals in APAC Vitamins and Minerals Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers &Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Glanbia plc Company Overview
Product & Services, Strategies & Financials
7.2 Nestle Company Overview
Product & Services, Strategies & Financials
7.3 Abbott Nutrition Company Overview
Product & Services, Strategies & Financials
7.4 Herbalife International of America, Inc. Company Overview
Product & Services, Strategies & Financials
7.5 Bayer Company Overview
Product & Services, Strategies & Financials
7.6 Now Health Groups, Inc. Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of Vitamins and Minerals market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Vitamins and Minerals market
9.2 Future Opportunities
10. Strategic Recommendations

Vitamins and Minerals Market Segmentation

By Type Analysis:

By type vitamins and Minerals market are segmented into-

  • Vitamin A
  • Vitamin B
  • Vitamin C
  • Vitamin E
  • Calcium
  • Iron
  • Magnesium
  • Zinc
  • Others

By Application:

By application Vitamins and Minerals market are Segmented into Food and Beverage, Supplements, Pharmaceuticals, Animal Feed, and Others

  • Food & Beverage
  • Supplements
  • Pharmaceuticals
  • Animal Feed
  • Others

By Consumer Group Outlook:

Based on Consumer outlook vitamins and mineral market are segmented into Infants, children, Adults, Pregnant and Geriatric

  • Infants
  • Children
  • Adults
  • Pregnant
  • Geriatric

By Formulation Outlook:

By formulation Vitamins and Minerals are segmented into Powder, capsules, liquid, tablets, soft gels, and others

  • Powder
  • Capsules
  • Liquid
  • Tablets
  • Soft gels
  • Others

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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