By 2030, it is anticipated that the Japan Nutrition and Supplements market will reach a value of $47.25 Bn from $23.71 Bn in 2022, growing at a CAGR of 9% during 2022-30. The market is primarily dominated by local players such as Otsuka Pharmaceutical, Taisho Pharmaceutical, Kikkoman Corporation, and Ajinomoto. The market for nutrition and supplements in Japan is primarily driven by reimbursement scenarios, increasing customer awareness, and increasing disposable incomes. The Japan nutrition and supplements market in Japan is segmented by type, product, application, and distribution channel.
By 2030, it is anticipated that the Japan Nutrition and Supplements market will reach a value of $47.25 Bn from $23.71 Bn in 2022, growing at a CAGR of 9% during 2022-30.
Japan has the world's third-largest and most developed nutrition and supplement market. Non-conventional or processed foods like 'tofu' (bean curd), noodles, hamburger steak, sausages, crackers, yogurt, beverages, and confections are also examples of Japanese "health foods" that can be produced.
Health and wellness products in Japan can be broadly categorized into organic, free-from, naturally healthy, food minus, food intolerance, and fortified or functional products, all of which have seen an increase in sales over the past few years. The Japan nutrition and supplements market encompasses a variety of categories.
Market Growth Drivers
Health foods and dietary supplements that lower the risk of lifestyle-related diseases are becoming more and more popular, and those that focus on anti-aging, weight loss, and beauty care also have a lot of promise. The traditional Japanese diet is thought to be very balanced, so there is a strong demand for natural and healthy foods.
There are many factors contributing to the recent shift to a health-conscious lifestyle, from increased dietary requirements to increased awareness of production methods and ingredients.
In order to maintain their good health and quality of life, the elderly population is concentrating on adapting to nutritional supplements that are specifically tailored to their needs. In Japan, a survey on dietary supplements was conducted in 2020, and it revealed that about 45% of the participants used them.
Market Restraints
It can be difficult for exporters to select the best distribution channel. Companies must first determine the retail price of their goods in Japan and the distribution channels for goods in those price ranges.
Key Players
The Pharmaceuticals and Medical Devices Agency (PMDA) and the Ministry of Health, Labour, and Welfare (MHLW) are responsible for regulating nutrition and supplement products in Japan. The Consumer Affairs Agency (CAA) is responsible for enforcing the laws governing food and dietary supplement claims.
In Japan, the public health insurance system is primarily used to pay for nutrition and supplement products. For the products to qualify for reimbursement, they must be accepted by the Ministry of Health, Labour, and Welfare and adhere to certain requirements. Depending on the product and the person's insurance coverage, the reimbursement rate varies.
1. Executive Summary
1.1 Product Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Government Regulation in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel and Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
6. Methodology and Scope
By Product (Revenue, USD Billion):
By Consumer Group (Revenue, USD Billion):
By Formulation (Revenue, USD Billion):
By Delivery Channel (Revenue, USD Billion):
Methodology for Database Creation
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