Dietary Supplement Market China

The vitamin and dietary supplements market represents yet another example of a booming industry that china is poised to dominate with roland berger data indicating the fact that the market is expected to find support north of 40 billion by 2023 boasting an impressive 14 cagr.

Dietary supplement market china. By geography the dietary supplements market can be segmented into north america latin america western europe eastern europe china japan sea others in asia pacific and middle east africa. Experts predict to hit 23 billion usd market by 2020 7 of increase per year. This years the market of vitamin and dietary supplements in china is expected to reach cny 149 billion us 22 3 billion.

China consumption of dietary health supplement reach 16 3 billion usd in 2015. Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand. Vitamin and supplement market 2018 by category unit sales of the u s.

Opportunities for foreign dietary brands are increasing du to poor chinese product quality lot of food scandals. According to the published report from roland berger consulting by 2020 china s health supplement market may reach 180 billion yuan. Vitamins and dietary supplements market is booming in china.

The global dietary supplements market size was estimated at usd 123 28 billion in 2019 and is projected to expand at a cagr of 8 2 during the forecast period. Among these regions the north america dietary supplements market is anticipated to dominate the worldwide dietary supplements market throughout the. Purchase the dietary supplements in china country report as part of our dietary supplements market research for november 2020.

This means that the chinese market will probably very soon surpass the us market even though for the moment chinese spend 28 times less on vitamins and dietary supplement compared to the american people. A positive outlook toward the sports nutrition market is also among major driving factors. Euromonitor international is the leading provider of strategic market research reports.