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China Nutraceuticals Market Report 2021 Ken
Research
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China Nutraceuticals Market Outlook to 2021
Presence of Huge Customer Base and Rising Foreign
Direct Investments to Foster Future Growth
provides a comprehensive analysis of China
nutraceuticals market. The report focuses on
overall market size for China nutraceuticals
market, China nutraceuticals market segmentations
on the bases of dietary supplements, functional
food beverages and distribution channels,
dietary supplements sub-segmentation by type of
supplements, functional foods and beverages
sub-segmentation by product category. The report
also covers Government Regulations for
nutritional and dietary supplements in China,
import and export scenarios of nutritional and
dietary supplements in China, trends
developments in the market and competitive
landscape of major players in China
Nutraceuticals Market. The report concludes with
market projection for future and analyst
recommendation highlighting the major
opportunities and cautions.
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China Nutraceuticals Market Size China
nutraceuticals market in revenue displayed a
stupendous trend in the period of six years from
2011 to 2016. In 2016, revenues of the overall
China nutraceuticals industry including
nutritional products such as dietary supplements
and functional foods and beverages accounted to
USD million. The market recorded growth at a
CAGR of , from the recorded market size value
of USD million generated in year 2011. The
rising awareness about health benefits derived
from nutritional supplements is one of the major
drivers for growth of nutraceuticals market in
China. Increasing purchasing power has provoked
the Chinese population to be more health
conscious and adopt a healthy diet routine
inclusive of nutritional supplements. The example
of this can be stated in the form of introduction
of mood enhancing functional beverages such as
Scream and gender specific drinks such as He
She, both native to Chinese nutraceuticals market
alone.
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The functional foods segment dominated the China
nutraceuticals market by capturing revenue share
worth , thus generating revenue of USD
million in 2016. Desire to improve overall health
and supporting healthy aging majorly impacted the
market in a positive manner. Additionally, the
usage of functional foods in China for specific
health reasons, such as nourishing the heart and
liver, improving sleep and facilitating digestion
has resulted into increased revenue generation
for the segment. However, dietary supplements are
observed to grow at a high pace owing to the
improving economic condition of the country has
allowed interested consumers to purchase
expensive supplements for improving their
nutritional health.
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By Distribution Channel The mass merchandisers
segment dominated Chinas nutraceuticals
distribution channel by grabbing a maximum share
worth , thus generating revenue worth USD
million in the year 2016. Chinas population has
an increasing demand for wide variety of product
offerings in large quantities, which was targeted
by mass merchandisers fulfilling specific
nutritional needs, hence generating revenue for
the market. Pharmacies in China nutraceuticals
industry were able to grab revenue share worth
in the year 2016. High sales of OTC products and
growing prescriptions of nutritional supplements
by doctors to complete the nutritional
requirements of the nutrient deficient population
has resulted into high share of pharmacies in the
China nutraceuticals market. Other major
distribution channels include convenience stores,
door-to-door sales, and mail orders.
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Dietary Supplements Segmentation Vitamins and
minerals dominated the market with revenue share
of in 2016 owing to high prevalence of vitamin
D deficiency in sun-deprived country China. It
has been observed that only of the Chinese
population is having adequate quantity of vitamin
D and population is deficient of the nutrient.
Herbal supplements segment captured second place
with revenue share in 2016. The increasing
consciousness for hair loss among the Chinese
elderly population and Chinese herbs being proven
to be successful as a measure for hair loss and
natural hair restoration, has resulted in
increased revenue contribution from the segment.
It is estimated that the use of herbal medicines
represents approximately of healthcare
services delivered in China.
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Functional Foods and Beverages Market
Segmentation Health segment dominated the
functional food and beverages market with a
revenue share worth in China functional foods
and beverages market in year 2016. Chinese
population was witnessed with a growing trend
towards leading a healthy lifestyle by
considering doing regular exercise and consuming
natural or organic food with additional benefits.
As a result of which various international
companies are investing into the country leading
to increased awareness and demand for expensive
products, thus driving the market. For instance,
Australian nutrition brand Blackmores has made
collaboration with Chinese tennis champion Li Na
in order to tap Chinas growing health food
market. Digestive and energy boosters segment
captured second and third positive with revenue
shares of and in 2016 respectively.
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Competitive Landscape Amway is the biggest direct
seller in China with revenue share in dietary
supplements market in 2016. High demand for its
nutralite brand is the major factor which has
resulted into domination of the company in the
market. Pfizer and GNC followed Amway in terms of
revenue share in year 2016. However, in
functional foods and beverages market, Hangzhou
Wahaha Group is observed to dominate the market
with high demand for its Shuang Wai Wai and Ru Wa
Wa brands. Future Outlook and Projections China
nutraceuticals market is likely to showcase a
growth at a CAGR of during the forecast period
owning to the increase the demand of sports
nutrition in China nutraceuticals industry. It is
estimated that the growing trend of studios,
fitness centers and gymnasiums will follow in the
projected period to promote a healthy lifestyle
among the Chinese Population.
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Key Topics Covered in the Report Introduction to
China Nutraceuticals Market China Nutraceuticals
market size, 2011-2016 China nutraceuticals
market segmentation by Dietary Supplements, and
Functional Foods Beverages and Distribution
channels Dietary Supplements segmentation by type
of supplements Foods and Beverages Market
Segmentation by Product Category Competitive
Landscape of Major Players in China
Nutraceuticals Market Import Export Scenario of
Nutritional and Dietary Supplements in
China Major Trends and developments Analyst
Recommendations China Nutraceuticals Future
Outlook and Projections, 2017-2021
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below https//www.kenresearch.com/healthcare/phar
maceuticals/china-nutritional-supplements-market/1
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