China Dietary Supplements Market Trends, Revenue, Scope, Growth Drivers, Key Players, Challenges, Opportunities and Future Competition Till 2033

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China Dietary Supplements Market Trends, Revenue, Scope, Growth Drivers, Key Players, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research


 Category : Nutraceuticals

 Published: Apr-2023
 Author: SPER Analyst


China Nutritional Supplement Market is projected to be worth USD 89.63 billion by 2033 and is anticipated to surge at a CAGR of 10.24%.

Nutritional supplements are products that provide extra nutrients to supplement the diet while also providing a variety of health advantages. They are available in a variety of forms, including capsules, tablets, powders, liquids, and gummies. These supplements are intended to alleviate any nutritional inadequacies in a person's diet rather than to replace a balanced diet. There are many types of nutritional supplements available, each responding to a different set of requirements. Probiotic pills include helpful microorganisms that help with digestion and gut health. Herbal supplements use plant-based substances to promote health benefits such as immune boosts and relaxation. Athletes and fitness enthusiasts can benefit from sports and performance supplements such as protein powders, amino acids, and pre/post-workout solutions to boost energy, muscular growth, and recuperation.

China Nutritional Supplement Market Driving Factors and Challenges

The Nutritional supplement market is gaining popularity in China, growing consumer demand for a healthy diet is driving food manufacturers to ramp up production of nutritional supplements. These items have been found to provide large profit margins to firms, attracting a lot of new market participants. Other factors expected to drive the growth of the China nutritional supplement market include the country's expanding geriatric population, increased concern for chronic diseases, and the need to treat these illnesses.

Additionally, government agencies' regulations and standards impact the industry. China has strict regulations on the safety and effectiveness of nutritional supplements, which ensures consumer protection and trust in the products they use. Overall, these factors combine to create a thriving industry for nutritional supplement in China.

Although the Nutritional supplement sector in China is flourishing, there are some challenges too. One of the significant challenge is the cultural factor in China, traditional medicine play an important role in defining consumer preferences. Traditional Chinese Medicine has a considerable influence on health attitudes, and many consumers prefer traditional therapies over Western-style nutritional supplements. Secondly, assuring product quality and safety is critical to the long-term viability of the Chinese nutritional supplement sector. To address concerns about product quality, adulteration, and contamination, businesses must employ comprehensive quality control procedures and adhere to tight production standards. This is critical for establishing consumer trust and sustaining a strong market reputation.


Impact of COVID-19 on China Nutritional Supplement Market
The COVID-19 pandemic has had a significant impact on the nutritional supplement market in China. Increased demand for immunological support has resulted in an increase in sales of immune-boosting supplements. As customers resorted to online platforms for their supplement needs, the epidemic boosted the expansion of e-commerce. However, supply chain interruptions resulted in temporary shortages and product availability delays. To assure safety and efficacy, regulatory authorities increased oversight and quality control measures, potentially harming noncompliant enterprises. Due to financial restrictions, spending on non-essential supplements was curtailed. The pandemic also influenced consumer behaviour, with a greater emphasis on general health and well-being, increasing demand for supplements as part of a holistic approach.

China Nutritional Supplement Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Abbott Nutritional, Amway Corporation, Blackmores, Herbalife Nutrition, H&H Group, Nestle Nutritional, Nu Skin, Swisse, Tong Ren Tang, USANA Health Sciences Inc., Xiamen Kingdomway Group Company.


China Nutritional Supplement Market Segmentation:

By Product: Based on the Product, China Nutritional Supplement Market is segmented as; Sports Nutrition (Sports Food, Sports Drinks, Sports Supplements, Others), 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: Based on the Consumer Group, China Nutritional Supplement Market is segmented as; Infant, Children, Adults, Pregnant, Geriatric.

By Formulation: Based on the Formulation, China Nutritional Supplement Market is segmented as; Tablets, Capsules, Liquids, Softgels, Powders, Others.

By Distribution Channel: Based on the Distribution Channel, China Nutritional Supplement Market is segmented as; Chemists/Pharmacists, Direct-to-Consumer Sales, E-commerce.

By Region: This report also provides the data for key regional segments of North China, Northeast China, Northwest China, South China, Southwest China, Middle China, East China.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.


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