Products called nutritional supplements are made to supplement a diet and supply necessary nutrients that may be missing. They contain vitamins, minerals, amino acids, herbs, or other botanicals and are available in a variety of formats, such as pills, capsules, powders, and liquids. These supplements are intended to improve certain body processes, promote general health, and remedy nutritional shortages. Omega-3 fatty acids, protein powders, and multivitamins are common varieties. Even if they have certain advantages, it's crucial to utilize them sensibly because taking too much of them can have negative effects. It is advised to speak with medical professionals before beginning any supplement regimen in order to confirm that it is safe and beneficial for your particular needs.
According to SPER Market Research, ‘Vietnam Nutritional Supplements Market Size- By Form, By Ingredient, By Classification, By Distribution Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Vietnam Nutritional Supplements Market is estimated to reach USD 0.19 billion by 2033 with a CAGR of 10.07%.
In recent years, there has been a notable increase in the demand for nutritional supplements in Vietnam. By employing dietary food products to treat the growing number of cases of ailments like high blood pressure, diabetes, obesity, and cardiovascular diseases, the local population is becoming more aware of health hazards and ways to prevent them. The demand for health supplements has increased their use since consumers trust foreign brands more than domestic ones. Local brands usually target the mainstream market, whereas foreign brands usually target the mid- to high-end market by putting themselves in the premium segment. As a result, more international businesses will be joining the Vietnamese nutrition and supplement industry.
Vietnam's market for nutritional supplements is constrained by a number of factors, such as competitive pricing, costly operations, and regulatory obstacles. Tight government rules and regulatory procedures can cause delays in the release of new products and raise the cost of compliance. Furthermore, quality supplements are expensive, which restricts accessibility, particularly for customers with lower incomes. It's also challenging for new entrants to get traction due to fierce competition from both domestic and foreign firms. Supplemental education and consumer awareness are still in their early stages, which results in hesitant acceptance. Moreover, skepticism regarding product safety and the availability of fake supplements erode consumer confidence and impede market expansion.
Request For Free Sample Report @ https://www.sperresearch.com/report-store/vietnam-nutritional-supplements-market.aspx?sample=1
Impact of COVID-19 on Vietnam Nutritional Supplements Market
Vietnam's market for nutritional supplements has grown as a result of the COVID-19 pandemic as people place a higher value on immunity and overall health. Health consciousness increased demand for vitamins, minerals, and immune-boosting goods. On the other hand, problems included unpredictable economic conditions and supply chain interruptions. Notwithstanding these obstacles, the industry expanded overall, with a notable shift in consumer behavior toward internet shopping and increased awareness of preventative healthcare practices.
Vietnam Nutritional Supplements Market Key Players:
Hanoi has the highest market share in nutritional supplements market as it has the highest demand in the whole Vietnam. Apart from Hanoi Da Nang region holds the second place for market share. Major players in this market are Abbott Nutrition, Cliff Bar & Company, Glanbia plc, Herbalife International, Nestle, PepsiCo, Others.
Vietnam Nutritional Supplements Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Form: Based on the Form, Vietnam Nutritional Supplements Market is segmented as; Capsules, Liquids, Powder, Tablets.
By Ingredient: Based on the Ingredient, Vietnam Nutritional Supplements Market is segmented as; Fatty Acids, Minerals, Protein, Vitamin.
By Classification: Based on the Classification, Vietnam Nutritional Supplements Market is segmented as; Over-the-counter (OTC), Prescription.
By Distribution Channel: Based on the Distribution Channel, Vietnam Nutritional Supplements Market is segmented as; Hypermarkets & Supermarkets, Online Channels, Pharmacy Stores.
By End User: Based on the End User, Vietnam Nutritional Supplements Market is segmented as; Adults, Children, Infants, Old-aged, Pregnant Women.
By Region: This research also includes data for East Vietnam, North Vietnam, South Vietnam, West Vietnam.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Vietnam Nutritional Supplements Market Future Outlook
Related Reports:
Follow Us –
LinkedIn | Instagram | Facebook | Twitter
Contact Us:
Sara Lopes, Business Consultant – U.S.A.
SPER Market Research
+1-347-460-2899
Comments