The Asia-Pacific region represents the largest and the fastest growing vitamin market worldwide.
The dietary supplement industry has been predicted to be the world’s fastest growing industry during the period from 2012 to 2017, according to Research and Markets. While the organization expects the North American market to account for 39.2% of the total market during this period, the Asia-Pacific region is expected to experience the fastest growth rates and reach 30.4% of the market by 2017. As a result, investors would be wise to pay attention to the many up and coming dietary supplement manufacturers operating in Asia.
Another recent report, ‘Vitamins: A Global Strategic Business Report,’ agrees that the Asia-Pacific region represents the largest and the fastest growing market worldwide trailing a compound annual growth rate (CAGR) of 6.1%. In contrast to the US market, where demand is largely driven by shrinking healthcare coverage, the Asian market is primarily driven by the ominous presence of two of the world’s most populated and rapidly developing countries, China and India, along with the established Australian market.
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