Health Products Research:CAGR of 3.52% during the forecast period (2024-2030)

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Health Products- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The Health Products industry can be broken down into several segments, Weight Management, Vitamins and Dietary Supplements, etc. Health products are a type of food. They have the common characteristics of general foods and can regulate the functions of the human body. They are suitable for consumption by specific groups of people, but not for the purpose of curing diseases.



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Health Products Market Summary

According to the new market research report "Global Health Products Market Report 2024-2030", published by QYResearch, the global Health Products market size is projected to grow from USD 86.23 billion in 2024 to USD 106.10 billion by 2030, at a CAGR of 3.52% during the forecast period (2024-2030).



Global Health Products Market Size (US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global Health Products Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.



Global Health Products Top 16Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global Health Products Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Health Products such as Amway, Herbalife Nutrition Ltd., Suntory Holdings Limited, INFINITUS, By-health, PERFECT, Glanbia Plc, GNC Holdings, LLC, USANA Health Sciences, Inc., H&H Group, Nestlé SA, Blackmores Limited, China New Era Group, Tongrentang, Xiamen Kindomway Group Company, etc.

In 2023, the global top five Health Products players account for 13.45% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Health Products.



Health Products, Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Health Products Market Report 2024-2030.



In terms of product type, Vitamins and Minerals is the largest segment, hold a share of 60.60%.



In terms of product application, Adults is the largest application, hold a share of 56.05%.

Market Drivers:

D1: With the improvement of residents' income level and quality of life, consumers' demands for healthy and quality life have become more and more prominent, laying a good foundation for the development of the entire nutrition and health industry. The sudden COVID-19 epidemic in 2020 has profoundly changed people's views on health. In the post-epidemic era, national health awareness has exploded, and Health Products will inevitably usher in a new round of long-term growth opportunities.

The world's accelerated entry into an aging society has brought huge market opportunities to the Health Products industry. According to the National Health Commission, it is estimated that during the "14th Five-Year Plan" period, the total number of people aged 60 and above will exceed 300 million, accounting for more than 20%, and will enter the moderate aging stage. Around 2035, the elderly population aged 60 and above will exceed 400 million, accounting for more than 30% of the total population, and will enter the stage of severe aging.

With the changes in lifestyle and the improvement of health awareness, the age group of health care product consumers continues to expand. The rise of the new generation of consumer groups and the transformation of consumption concepts will effectively expand the overall demand for the health care product market.

As consumption trends become more diversified, segmented and scientific, the functional requirements of Health Products continue to be segmented and specialized, and dosage forms become more diversified and developed toward food, promoting rapid growth in the segmented field of Health Products.

The increasingly stringent regulatory environment will promote the survival of the fittest in the industry, effectively purify the health food market, increase consumer demand for health food, and be conducive to the long-term healthy development of the industry.

D2: Health is the foundation of a country. In recent years, the country has successively issued a series of "Healthy China 2030" planning outlines, proposing to coordinate the resolution of major and long-term issues related to health from the national strategic level and integrate health into all policies. The "National Nutrition Plan (2017-2030)" points out that efforts should be made to develop nutritional and health fields such as health foods and nutritionally fortified foods. "Healthy China 2030" Planning Outline", "National Nutrition Plan (2017-2030)", ""14th Five-Year Plan" National Health Plan", "Guiding Opinions on Promoting High-Quality Development of Light Industry" and other policies have provided opportunities for the development of the industry Providing long-term driving force, health products will play a positive role in promoting the health of residents in promoting the implementation of the Healthy China strategy.

The National Health Commission issued the "Food Safety Standards and Monitoring and Evaluation "14th Five-Year Plan"", which clarified that during the "14th Five-Year Plan" period, it will devote itself to the research and development of basic and cutting-edge theories and technologies in the field of nutrition and health, and strengthen communication and cooperation with the field of food science. Integrate and improve scientific research capabilities and service levels; with the goal of improving nutritional and health product research and development capabilities, explore and establish an industry-university-research chain service path for the whole society, analyze the special nutritional needs of different groups of people, promote food research and development innovation in a targeted manner, and continue to improve Product health connotation. At the same time, consumption trends are becoming more diversified, segmented and scientific, and the market's requirements for corporate innovation have increased significantly. The future upgrading of the nutrition and health industry will rely on technological breakthroughs, requiring continuous technological upgrading, continuous exploration and innovation, and enhancement of independent core competitiveness. .

D3: The consumption awareness and habits of residents in developing countries have not yet been fully established. Compared with developed countries such as the United States and Japan, Health Products have greater room for growth in terms of penetration rate, consumption stickiness, and per capita consumption amount. These areas increase the potential for market upside.

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Challenge:

C1: There are many Health Products, involving more raw and auxiliary materials, and there are certain product quality risks. If quality management problems occur in the procurement, production and sales of product raw materials, or product quality problems occur due to other reasons, the credibility of the industry and consumer confidence will be affected. Manufacturers and brands should always give top priority to quality and safety, continuously strengthen quality management, optimize production processes, purchase precision inspection equipment, train quality management personnel, and improve quality management with the support of third-party inspection agencies.

C2: With the gradual introduction and implementation of relevant national policies, industry regulations, and standard construction, the supervision of the health care product industry has become increasingly strict, and the degree of industry standardization and entry barriers have further increased. This will have a significant impact on the long-term development and competition pattern of the industry. At the same time, companies are faced with The pressure and challenges increase. In the future, industry policy adjustments and stricter supervision will become the norm, and the form of direct selling may be challenged to a certain extent in the future.

C3: Due to the large variety of raw materials and their dispersion, the increase in raw material purchase prices will have a certain impact on product gross profit margin. At the same time, the demand for raw materials continues to increase, and there may be a shortage of supply of certain raw materials, which cannot meet production and sales needs. Manufacturers should meet the company's raw material needs by reserving multiple suppliers, looking for alternative raw materials, strengthening production management and control, etc., and try to control the risks caused by rising raw material prices by signing strategic cooperation with exclusive supply bases, forward price locks, etc.

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C4: In recent years, industry competition has continued to intensify, with large pharmaceutical companies and food companies getting involved. Overseas brands have fully competed with domestic brands through online channels through means such as cross-border e-commerce. In the new era, new media, new channels, new technology applications, etc. provide opportunities for the rapid development of new categories and new brands. How to seize the opportunities of the new era, once again achieve leapfrog development, and lead the company's strategic upgrade and industry profitability ecological changes is a major challenge to the entire industry.

C5: The industry needs the introduction and reserve of various professional talents, including chain store operation and management professionals, marketing talents and senior scientific researchers. With the expansion of production scale and marketing network, the market demand for marketing, management, technology and other professional talents will also increase significantly. At the same time, due to the increase in labor costs, the industry may face pressure from increasing demand for human resources.

C6: Some consumers and potential consumers may be skeptical about the efficacy of health care products, which in turn affects the purchase of products and shifts consumer demand to other foods, such as organic foods. The market for organic health products is a growth direction in the future.





The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Health Products market is segmented as below:

By Company

Amway
Herbalife Nutrition Ltd.
Suntory Holdings Limited
INFINITUS
By-health
PERFECT
Glanbia Plc
GNC Holdings, LLC
USANA Health Sciences, Inc.
H&H Group
Nestlé SA
Blackmores Limited
China New Era Group
Tongrentang
Xiamen Kindomway Group Company
Nature's Care



Segment by Type

Vitamins and Minerals
Weight Management/Sports Nutrition Supplements
Herbal Botanical Extracts
Probiotics
Others



Segment by Application

Children/ Teenagers
Adults
Special Group



Each chapter of the report provides detailed information for readers to further understand the Health Products market:

Chapter 1: Introduces the report scope of the Health Products report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Health Products manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Health Products market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Health Products in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Health Products in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Health Products competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Health Products comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Health Products market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global Health Products Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
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