Market Development Analysis Of Global Health Care Products Industry

Analysis on the development of the global health care products industry in 2017-2020

1. Analysis of global demand for health products in 2017-2020

Into the 21st century, the world "getting old" has accelerated significantly. According to World Bank data, the world's "growth" has been accelerating in the past 60 years. In 1960, the proportion of the world's population aged 65 and over was 4.97%. By 2000, the proportion of the world's elderly population was 6.89%, an increase of only 1.92% in the past 40 years. But entering the 21st century, by 2019, the world's elderly ratio has reached 9%, and it has "aged" by 2.11% in just 19 years. The United Nations report predicts that the global population will reach 9.8 billion by 2050, of which the elderly population over the age of 65 will exceed 1.5 billion, accounting for 16% of the total population; from the perspective of the proportion of aging predicted in various regions, by then, the proportion of aging in Europe 28%, 23% in North America and 18% in Asia.

At the same time, according to the results of a global survey by the World Health Organization, only 5% of people in the world are truly healthy, only 20% are sick, and 75% are in a sub-health state. With the global aging and the generalization of sub-health, a large amount of potential demand has been created for the health care product market, and the market capacity has the potential to be further expanded.

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From the perspective of global per capita consumption, the average per capita consumption of health products in the world in 2020 is 78 US dollars, while the per capita consumption level of developed countries is generally higher. Among them, the per capita consumption of the United States is 198 US dollars; Australia's per capita consumption is 184 US dollars; Japan's per capita consumption is 132 US dollars.

2. 2017-2020 Global Health Products Industry Market Scale Analysis

With social progress and economic development, human beings pay more and more attention to their own health. Since the 1990s, the health consumption level of global residents has been rising year by year, and the demand for health care products is very strong. Health products are called "health food" or "health food" in Europe and the United States, also called "nutritional food", German called "improved food", Japan called "specific health food", and included in the category of "specific nutritional food". The growing demand for health products in countries around the world drives the growth of the global market for health products. According to the statistics of researchers from Gaozhan Think Tank, the market size of the global health care products industry in 2020 will be US$438 billion, an increase of US$26.5 billion or 6.44% over 2019. From 2017 to 2020, the global health care products market will increase from US$358.8 billion to US$438 billion, with a compound annual growth rate of 6.87%.

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At present, North America is still the world's largest health care products market, accounting for 34.88% of the global market. The demand for health care products in the Asia-Pacific region has grown rapidly in recent years, surpassing Europe, accounting for 30.75% of the global market, while Europe accounts for 26.03% of the global market.

3. 2021-2026 Global Health Products Industry Market Trend Analysis and Forecast

(1) 2021-2026 Global Health Products Industry Market Scale Forecast

According to estimates by researchers from Gaozhan Think Tank, the market size of the global health care products industry will exceed US$600 billion in 2026. From 2021 to 2026, the compound annual growth rate will be 5.94%.

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2) Analysis of the market development trend of the global health care products industry in 2021-2026

In the future, the global health care product industry will show the following trends: First, it is developing rapidly. With the participation of large manufacturers, the health care product industry will continue to develop rapidly; second, the globalization trend, health care products will sweep the world, and ultimately realize the global social Third, low-fat, low-cholesterol, and low-calorie health care products will dominate the market; fourth, the proportion of vitamin and mineral health products will be stable; wheat germ oil, deep-sea fish oil, Cistanche, lecithin, The sales of new soft capsule preparations such as shark cartilage and Traditional Chinese Medicine Mixed Capsules have increased, and the market will continue to expand; sixth, the proportion of vegetarian and plant health products is gradually increasing; seventh, health tea and Chinese herbal health products continue to be popular in the market , welcomed by the majority of consumers.

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