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Health Products Market - Global Growth, Trends and Forecast (2022 - 2029) By Types, By Application, By Regions and By Key Players: Nestlé SA(SWX: NESN), Amway, Herbalife Nutrition (NYSE: HLF), Usana (NYSE: USNA), Black Mores (ASX: BKL)

30 Jun, 2022 | 119 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Health Products Market size is projected to accrue voluminously by 2029 registering a phenomenal CAGR of 6.2% during the review period (2022 to 2029).

Health Products Market Overview

Health products are a form of food that resembles normal meals, has the ability to affect human body function, and is suitable for consumption by specific individuals, but not for the treatment of diseases.

The market's expansion is primarily due to a shift in demand toward self-medication and over-the-counter (OTC) medications. Consumer healthcare goods do not require a documented prescription from a physician and can be obtained at any pharmacy. Another reason driving the growth of the global consumer healthcare market is the expanding senior population, which is more sensitive to sickness. Furthermore, the rising popularity of over-the-counter products among the elderly is fueling the market's expansion.

The availability of counterfeit medicines that include no active pharmaceutical ingredient (API), an inaccurate amount of API, an inferior-quality API, or the inappropriate API and contaminant is impeded the market's growth. However, numerous governments in various countries are taking various steps to stop the manufacture and trafficking of counterfeit consumer healthcare products, clearing the way for the development of trusted and reliable consumer healthcare products.

As consumers are pushed to forego prescription treatments in favor of less expensive alternatives, rising healthcare expenses are a critical factor that might present a lucrative growth potential for the consumer healthcare sector. For industry players in the consumer healthcare market, shifting patterns from traditional to online purchasing platforms can present an interesting growth potential. Healthkart.com, vitacost.com, MedlinePlus, PharmEasy, and vivavitamins.com are just a few of the websites that sell vitamins, protein drinks, and supplements online.

What is our Health Products Market report scope?

 

Report Attributes

 

 

Report Details

 

Forecast Period 2022 to 2029 CAGR

 

CAGR of 6.2 % during the review period (2022 to 2029).

 

By Type

  • Weight Management Supplements
  •  Vitamins And Dietary Supplements
  •  Sports Nutrition Supplements
  •   Herbal Supplements
  • Others

 

By Application

  • Children/ Teenagers
  • Men
  • Women
  • Pregnant Woman
  • Elderly

 

 By Companies

 

 

 

 

Nestlé SA, Amway, Herbalife Nutrition, Suntory, GNC, INFINITUS, Usana, PERFECT (CHINA), By-health, H&H Group, Black Mores, China New Era Group, Glanbia Plc, DONG’E EJIAO, Nature’s Care, Beijing Tong Ren Tang, Real Nutriceutical

 

 

Regions Covered

 

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

 

 

 

 

 

 

 

 

Countries Covered

  • US
  • Canada
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America

 

Base Year

 

 

2022

 

Historical Year

 

 

2017 to 2021

Forecast Year

 

2022 to 2029

Number of Pages

119

 

Customization Available

 

 

Yes, the report can be customized as per your needs

Frequently Asked Questions

What is the study period of this market?

The Health Products Market is studied from 2017 - 2029.

What is the growth rate of Health Products Market?

The Health Products Market is growing at a CAGR of 6.2 % over the next forecast years.

Who are the key players in Health Products Market?

Nestlé SA, Amway, Herbalife Nutrition, Suntory, GNC, INFINITUS, Usana, PERFECT (CHINA), By-health, H&H Group, Black Mores, China New Era Group, Glanbia Plc, DONG’E EJIAO, Nature’s Care, Beijing Tong Ren Tang, Real Nutriceutical

What region does this Health Products Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Health Products Market?

Weight Management Supplements, Vitamins And Dietary Supplements, Sports Nutrition Supplements, Herbal Supplements, Others

What are the major end-use applications of Health Products Market?

Children/ Teenagers, Men, Women, Pregnant Woman, Elderly

Who are the Major Players in Health Products Market?

The Health Products Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Nestlé SA, Amway, Herbalife Nutrition, Suntory, GNC, INFINITUS, Usana, PERFECT (CHINA), By-health, H&H Group, Black Mores, China New Era Group, Glanbia Plc, DONG’E EJIAO, Nature’s Care, Beijing Tong Ren Tang, Real Nutriceutical and others.

Industry News:

In March 2022, Commonwealth Bank launched new smart terminals, Smart Health has all major Australian private health insurers enabled to allow for an improved payments and claim experience.

In April 2019, Alien Technology launched its next-generation of Higgs RFID semiconductor integrated circuits, Higgs-9 IC. The product enables enterprise critical applications to run smarter, faster and with quicker ROI in RFID deployments.

What are the major Applications, Types and Regions for Health Products Market?

By Type, it is segmented into

  • Weight Management Supplements
  •  Vitamins And Dietary Supplements
  •  Sports Nutrition Supplements
  •   Herbal Supplements
  •   Others

By Applications it is segmented into

  • Children/ Teenagers
  • Men
  • Women
  • Pregnant Woman
  • Elderly

Health Products Market Regional Analysis

The Asia-Pacific Health Products market is predicted to grow at the fastest rate. The region's market is projected to be driven by Japan, India, and China. With a market share of around 41%, China is the most important market. Japan is a latecomer, accounting for around 16% of the market.

The market for Health Products in Asia is predicted to increase rapidly over the next few years, followed by Europe. In Asia, China and India are likely to be the fastest expanding markets.

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Middle East & Africa
    • Latin America

The Health Products Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Health Products Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
  4. Key Insights
    1. Pricing Analysis, By Key Regions, 2022
    2. Price Comparison (USD Per Ton) By Type (Weight Management Supplements, Vitamins And Dietary Supplements, Sports Nutrition Supplements, Herbal Supplements, Others) 2021/2022
    3. Price Comparison (USD, Per Ton): By Application (Children/ Teenagers, Men, Women, Pregnant Woman, Elderly) 2021/2022
    4. Impact of COVID-19 on the Health Products Market
    5. Production Share of Health Products, By Region, 2022
    6. Key Industry Developments
  5. Global Health Products Market Analysis, Insights and Forecast, 2022-2029
    1. Market Analysis, Insights and Forecast – By Application
      1. Children/ Teenagers
      2. Men
      3. Women
      4. Pregnant Woman
      5. Elderly
    2. Market Analysis, Insights and Forecast – By Type
      1. Weight Management Supplements
      2. Vitamins And Dietary Supplements
      3. Sports Nutrition Supplements
      4. Herbal Supplements
      5. Others
    3. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Rest of World
  6. Competitive Analysis
    1. Global Market Share Analysis (2021)
    2. Company Profiles (Overview, Products, SWOT analysis, Recent developments, strategies, financials (based on availability))
      1. Nestlé SA
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      2. Amway
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      3. Herbalife Nutrition
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      4. Suntory
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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