The Asia-Pacific vegan supplements market is projected to register a CAGR of 11.05% during the forecast period of 2022 to 2030. The market growth is driven by the rising availability of vegan products and growing disposable incomes.
ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET FORECAST 2022-2030
Asia-Pacific Vegan Supplements Market by Product (Protein, Vitamins, Minerals, Other Products) Market by Distribution Channel (Pharmacy, Specialty Stores, Hypermarket, Online Stores) Market by Form (Capsules & Tablets Form, Powder Form, Other Forms) by Geography.
The Asia-Pacific vegan supplements market is projected to register a CAGR of 11.05% during the forecast period of 2022 to 2030. The market growth is driven by the rising availability of vegan products and growing disposable incomes.
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The Asia-Pacific vegan supplements market growth assessment includes the analysis of Singapore, Thailand, Australia & New Zealand, India, China, South Korea, Japan, Indonesia, and Rest of Asia-Pacific. In China, most urban areas and cosmopolitan cities constitute communities, websites, and social media groups dedicated to vegan lifestyles. For instance, VegeRadar has a compilation of comprehensive maps of vegan and vegetarian restaurants across the country. Also, the growing imports and exports of nutritional supplements, the increasing number of free-trade agreements, government initiatives and strategies with regard to sports supplements usage contribute to the thriving growth of the dietary supplements market. This further offers growth opportunities for the market analyzed. Moreover, China is witnessing a shifting trend towards preventive healthcare, which has led to minimized healthcare expenditure, thus contributing to increased demand for nutrition products.
In countries like Indonesia, there is a growing awareness about health products. Also, the nation observes a rising demand for combination dietary supplements, given their benefits for the immune system. This is because, with the intense work culture and high pollution levels, immunity is increasingly prioritized. Furthermore, the presence of supermarkets and the influence of e-commerce offer growth opportunities. Such factors propel market growth in these countries.
Archer Daniels Midland Company is a major processor of wheat, corn, and oilseeds. The company has strong R&D facilities. It has a vast distribution network with operations in Asia-Pacific, Africa, the Middle East, Europe, South America, and North America. The company is headquartered in Chicago, the United States.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- MARKET SCOPE
- KEY DRIVERS
- PREFERENCE FOR VEGAN DIET
- AWARENESS ABOUT HEALTHY LIFESTYLE
- LACTOSE INTOLERANCE
- DEMAND FOR SPORTS NUTRITION AND SUPPLEMENTS
- KEY RESTRAINTS
- STRINGENT REGULATIONS
- FAKE PRODUCTS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON VEGAN SUPPLEMENTS MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY PRODUCT
- PROTEIN
- VITAMINS
- MINERALS
- OTHER PRODUCTS
- MARKET BY DISTRIBUTION CHANNEL
- PHARMACY
- SPECIALTY STORES
- HYPERMARKET
- ONLINE STORES
- MARKET BY FORM
- CAPSULES & TABLETS FORM
- POWDER FORM
- OTHER FORMS
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- SINGAPORE
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS, CONTRACT/AGREEMENTS & COLLABORATIONS
- BUSINESS EXPANSIONS
- COMPANY PROFILES
- AMWAY
- ARCHER DANIELS MIDLAND COMPANY
- COUNTRY LIFE
- DUPONT INC
- GLANBIA PLC
- GNC HOLDINGS
- HERBALIFE LTD
- KERRY GROUP
- NESTLE
- NUGO NUTRITION
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – VEGAN SUPPLEMENTS
TABLE 2: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY PRODUCT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY FORM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY FORM, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: LIST OF MERGERS & ACQUISITIONS
TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 12: LIST OF PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
TABLE 13: LIST OF BUSINESS EXPANSIONS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021
FIGURE 6: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY PROTEIN, 2022-2030 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY VITAMINS, 2022-2030 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY MINERALS, 2022-2030 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY OTHER PRODUCTS, 2022-2030 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021
FIGURE 11: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY PHARMACY, 2022-2030 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY SPECIALTY STORES, 2022-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY HYPERMARKET, 2022-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY ONLINE STORES, 2022-2030 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, GROWTH POTENTIAL, BY FORM, IN 2021
FIGURE 16: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY CAPSULES & TABLETS FORM, 2022-2030 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY POWDER FORM, 2022-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY OTHER FORMS, 2022-2030 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 20: CHINA VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 21: JAPAN VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 22: INDIA VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 23: SOUTH KOREA VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 24: INDONESIA VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 25: THAILAND VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 26: SINGAPORE VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 27: AUSTRALIA & NEW ZEALAND VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 28: REST OF ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- SINGAPORE
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- MARKET BY PRODUCT
- PROTEIN
- VITAMINS
- MINERALS
- OTHER PRODUCTS
- MARKET BY DISTRIBUTION CHANNEL
- PHARMACY
- SPECIALTY STORES
- HYPERMARKET
- ONLINE STORES
- MARKET BY FORM
- CAPSULES & TABLETS FORM
- POWDER FORM
- OTHER FORMS
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