Chan Ye Xin Xi Wang·2025-05-20 01:33Overview - The health supplement raw material manufacturing industry in China is experiencing rapid growth, with a projected market size of 1300.0 billion yuan in 2024, reflecting a year-on-year increase of 9.93% [1][11] - The composition of the market includes approximately 30% vitamins and minerals, 25% plant extracts, 20% amino acids and proteins, and 15% probiotics [1][11] - The global demand for high-quality health supplement raw materials is increasing, presenting new opportunities for the industry [1][11] Market Policies - The Chinese government has implemented various policies to support the development of the health supplement industry, including the "Quality Strong Country Construction Outline" and measures to restore and expand consumption [4][6] - Policies aim to enhance food safety standards, promote technological upgrades, and encourage the integration of the food industry with health and wellness sectors [4][6] Industry Chain - The upstream of the health supplement raw material manufacturing industry includes sectors such as traditional Chinese medicine cultivation, plant farming, deep-sea fish farming, and basic chemical raw materials [7] - The midstream involves the manufacturing of health supplement raw materials, while the downstream focuses on the health supplement market, where raw materials are formulated into various product types [7] Market Demand - The health supplement market in China is projected to reach 4142.0 billion yuan in 2024, with a year-on-year growth of 2.7%, driven by increasing consumer health awareness and an aging population [9][11] - There is a growing demand for health supplements targeting specific health concerns, such as memory improvement and immune enhancement for the elderly [9][11] Competitive Landscape - The health supplement raw material industry in China features a diverse range of companies, with some focusing on multiple product lines while others specialize in specific segments [12][14] - Notable companies include Northeast Pharmaceutical, Andy Su, and Meihua Biotechnology, which are recognized for their expertise in vitamins, amino acids, and plant extracts [12][14] Development Trends - Future trends indicate a shift towards personalized health supplement raw materials that cater to individual health needs, emphasizing safety, naturalness, and organic sourcing [19] - Chinese companies are expected to leverage cost advantages and technological advancements to expand into international markets, enhancing their competitiveness globally [19]