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The upstream raw material manufacturers of nutrition and health food tend to be stable, the middle reaches continue to launch innovative products, the downstream channels are diversified, the proportion of online sales is increasing year by year, and the functional food is growing rapidly.
In terms of the global health products market, the United States leads, and China leads the growth rate. In 2023, the global health product industry scale has reached 187.3 billion US dollars, of which the United States accounted for 32.51%, is the world's largest mature market, the growth rate is stable, new growth opportunities mainly from consumers on the pursuit of hot raw materials, innovative dosage forms and product uniqueness. China ranks second in market size, accounting for 19.75%, and is one of the fastest growing regions in the world for health products, with a CAGR of 6.2% expected in 2023-2026. The European market accounts for 15.48%, and consumers are highly sensitive to the functions and concepts of natural products, and are more traditional in terms of channels and dosage forms. The Asia-Pacific market accounted for 10.95%, is expected to reach a CAGR of 7.6% in 2023-2026, maintaining rapid growth, vitamin and dietary supplement growth is mainly concentrated in the Asia-Pacific region, local consumers are increasingly concerned about and manage health problems, superposition the deepening of aging and the increase in the incidence of chronic diseases, driving the sustainable development of health products industry.
LongYoung Health Company is a provider of health and nutrition ingredients with many years of experience. Our flagship products include: creatine monohydrate, stevia extract, glucosamine, chondroitin, berberine, gelatin, Turmeric Extract, broccoli extract, and fish oil. Not only that, LongYoung Health company can also provide OEM services for health care products, and has reached cooperation with well-known enterprises at home and abroad.
Company Email:admin@longyounghealth.com
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