China Nutritional Supplements Market Analysis

China Nutritional Supplements Market Analysis


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By 2030, it is anticipated that the China nutrition and supplements market will reach a value of $65.74 Bn from $30.67 Bn in 2022, growing at a CAGR of 10% during 2022-2030. The market is primarily dominated by local players such as Health Food Company, Fancl Corporation, and CSPC Pharmaceutical Group. The market for Nutrition and supplements in China is primarily driven by government regulations, increasing customer awareness, and e-commerce platforms. The China nutrition and supplements market in China is segmented by Type, Product, application, and Distribution Channel.

ID: IN10CNON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: China AUTHOR: Dr. Vishwa Modhia

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China Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the China nutrition and supplements market will reach a value of $65.74 Bn from $30.67 Bn in 2022, growing at a CAGR of 10% during 2022-2030.

A healthy lifestyle is something that many Chinese people associate with dietary supplements. Therefore, Chinese consumers who are concerned about their health often opt for health supplements like vitamins and fish oil. In order to improve their health, 48.6% of the participants first consider taking supplements. Consumers in China tend to trust traditional Chinese medicines and prefer natural dietary supplements.

In China, there are many different products available on the market for nutrition and dietary supplements, including Chinese traditional medicine, vitamins, minerals, herbal products, and functional foods.

china nutrition and supplements market analysis

Market Dynamics

Market Growth Drivers Analysis

In China, the functional gummies market is booming, especially for vitamin and beauty-from-within products. Young female consumers are becoming more interested in the beauty ready-to-drink market, which is being driven by the "beauty from within concept," and their demand is rising. Consumption of sports and fitness nutrition is continuing to increase as interest in bodybuilding and sports grows.

Market Restraints

Customers' lack of knowledge about which products on the market are best for them is one of the main problems with China's health supplement market. One must do extensive research to find the right products, and they are frequently misled by false information in search results or social media posts.

Almost 60% of consumers who purchased nutrition and supplement products had previously bought imported supplements. By looking at the country of origin, they can determine the legitimacy of imported goods. Many foreign businesses are hesitant to sell their products in China because of the country's convoluted and opaque standards and regulations. China's regulations are currently close to harmonization.

Competitive Landscape

Key Players

  • CSPC Pharmaceutical Group (CHN)
  • Fancl Corporation (CHN)
  • Health Food Company (CHN)
  • Shanghai Pharmaceuticals (CHN)
  • Yunnan Baiyao Group (CHN)
  • China National Medicines (CHN)
  • GNC (General Nutrition Centers) (CHN)
  • Amway
  • Pfizer Inc
  • Bayer AG

Healthcare Policies and Reimbursement Scenarios

In China, the regulation of nutrition and dietary supplements is governed by the State Administration for Market Regulation (SAMR) and the National Health Commission (NHC). All supplements sold in China must be tested and approved by the State Food and Drug Administration (SFDA). The government also continues to strengthen and update its regulations to ensure that the dietary supplement market in China is regulated and operates effectively.

In China, nutrition and dietary supplements are not typically covered by the public healthcare system and must be paid out-of-pocket.

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

Nutritional Supplements Market Segmentation

The Nutritional Supplements Market is segmented as mentioned below:

By Product (Revenue, USD Billion):

  • Sports Nutrition
    • Sports Food
    • Sports Drinks
    • Sports Supplements
  • Fat Burners
    • Green Tea
    • Fiber
    • Protein
    • Green Coffee
    • Others (Turmeric, Ginseng, Cranberry, Garcinia Cambogia)?
  • Dietary Supplements
    • Vitamins
    • Minerals
    • Enzymes
    • Amino Acids
    • Conjugated Linoleic Acids
  • Functional Foods
    • Probiotics
    • Omega-3
    • Others

By Consumer Group (Revenue, USD Billion):

  • Infant
  • Children
  • Adults
  • Pregnant
  • Geriatric

By Formulation (Revenue, USD Billion):

  • Tablets
  • Capsules
  • Powder
  • Softgels
  • Liquid
  • Others

By Delivery Channel (Revenue, USD Billion):

  • Chemists/Pharmacists
  • Direct-to-Consumer Sales
  • E-commerce

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

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of 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 developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. 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.

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

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed 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 is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Last updated on: 31 May 2023
Updated by: Dhruv Joshi

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