Overview of Vitafoods Asia Bangkok 2024
Date & Venue:
- Date: September 18-20, 2024
- Venue: Queen Sirikit National Convention Center, Bangkok, Thailand.
About:
Vitafoods Asia 2024 is a premier nutraceutical trade fair in Asia, bringing together global leaders in the health, wellness, and nutrition sectors. It serves as a central hub for showcasing innovation, fostering networking opportunities, and promoting business growth within the nutraceutical industry. With a strong focus on functional foods, dietary supplements, and nutritional ingredients, the event helps companies tap into the fast-growing markets of the Asia-Pacific region.
Industry Segments:
Nutraceutical ingredients, functional foods, dietary supplements, contract manufacturing & private label, branded finished products, health & personal care, packaging & equipment.
Market Size & Overview of the Industry Segment:
The global nutraceutical market is experiencing robust growth, with the Thai market projected to reach 239 billion baht by 2026. This surge is driven by increasing health awareness and consumer demand for functional foods and dietary supplements across Southeast Asia. The industry is set to benefit from innovative product launches and advancements in ingredients like probiotics, herbal extracts, and collagen peptides.
Attendance & Participation:
- Expected Attendees: Over 10,000 professionals from the nutraceutical and health sectors
- Exhibitors: More than 600 companies from 70+ countries.
Who Should Visit:
- Health and Nutrition Industry Professionals
- Buyers & Distributors looking for cutting-edge health products
- Retailers & Wholesalers exploring new nutraceutical offerings
- Manufacturers sourcing raw materials and private labels
- Researchers, Scientists, and Academics interested in the latest trends and innovations in health and nutrition.
Exhibitor Analysis of Vitafoods Asia Bangkok 2024
Top 5 Major Exhibitors
- Advenza: Advenza is a leading Indian company specializing in the development and manufacturing of probiotics, enzymes, and herbal extracts, offering custom solutions for human and animal nutrition. Founded over 20 years ago, Advenza operates with a strong focus on innovation and quality, supported by a state-of-the-art innovation center in Mumbai and a manufacturing facility in Vapi, Gujarat.
- Plantex SAS: Plantex SAS is a French company specializing in the development, production, and packaging of plant extracts for the nutraceutical, food, cosmetics, and animal nutrition industries. With over 30 years of expertise, Plantex offers a wide range of high-quality natural and organic extracts, both standard and made-to-order. Their rigorous production process ensures compliance with strict quality standards and full traceability. Plantex serves clients in over 45 countries and is committed to sustainability, using eco-friendly sourcing and production methods.
- Indo Herbal Extractions: Indo Herbal Extractions is a leading innovator and manufacturer of standardized herbal extracts, phytochemicals, spice oleoresins, and natural colors. The company focuses on providing high-quality ingredients for the dietary supplement, pharmaceutical, and cosmetics industries. With over 20 years of experience in pharmaceuticals, Indo Herbal Extractions has established a state-of-the-art production facility in Kala Amb, Himachal Pradesh, adhering to GMP and GLP practices.
- KD Nutra: KD Nutra, a part of the KD Pharma Group, specializes in the production and distribution of highly purified omega-3 concentrates. The company offers a broad range of customizable omega-3 solutions, from bulk oils to finished softgel capsules. KD Nutra serves various sectors including dietary supplements, pharmaceuticals, and medical nutrition, providing products that meet stringent quality standards with a focus on sustainability and innovation.
- Suheung Co., Ltd.: Suheung Co., Ltd., established in 1973, is a leading pharmaceutical company in South Korea that specializes in the production of capsules for pharmaceuticals, nutraceuticals, and health foods. The company is renowned for its high-quality hard and soft gelatin capsules, and also provides contract manufacturing services. Suheung's production facilities and advanced R&D center allow it to maintain strict quality control standards, ensuring its leadership in capsule production globally.
Participating Countries
- Total Participating Countries: 40 unique countries.
- Top 5 Countries by Percentage of Total Companies:
- China: 30%
- Korea Republic of: 9%
- Taiwan China: 7%
- India: 6%
- Thailand: 6%.
Major Types of Companies
- Total Company Types: 126 unique company types.
- Top 5 Company Types by Percentage of Total Companies:
- Food Processing: 44%
- Manufacturer: 24%
- Health Supplements: 14%
- Biotechnology: 13%
- Food Manufacturing: 12%.
Major Product Categories
- Total Product Categories: 292 unique product categories.
- Top 5 Product Categories by Percentage of Total Companies:
- Food Supplements / Nutraceuticals: 30%
- Functional Food: 22%
- Vitamins & Supplements: 21%
- Botanical Extracts: 19%
- Functional and Nutraceutical Foods: 17%.
Major Product Items
- Total Unique Product Items: 1,812 unique product items.
- Top 15 Product Items: Nutraceutical Ingredients, Probiotics, Tablets, Vitamins, Dietary Supplements, Herbal Extracts, Botanical Extracts, Nutritional Supplements, Plant Extracts, Food Additives, Collagen, Protein Powders, Omega-3, Functional Foods, Amino Acids.
Interesting Insights of Vitafoods Asia Bangkok 2024
Exhibiting Countries of Top 5 Company Types
- Food Processing: Austria, Iceland, United States, Belgium, Germany and others
- Manufacturer: China, India, Korea Republic of, United States, Taiwan China and others
- Health Supplements: China, France, Italy, Spain, Taiwan China and others
- Biotechnology: Norway, Czech Republic, Korea Republic of, Japan, Spain and others
- Food Manufacturing: Austria, Iceland, United States, Germany, Belgium and others
Exhibiting Countries of Top 5 Product Categories
- Food Supplements / Nutraceuticals: Austria, Iceland, Germany, France, Spain and others
- Functional Food: Austria, Iceland, United States, Germany, France, China and others
- Vitamins & Supplements: Iceland, United States, Taiwan China, Spain, India, and others
- Botanical Extracts: Austria, Iceland, Germany, France, Taiwan China, India and others
- Functional & Nutraceutical Foods: Italy, China, Taiwan China and others
Exhibiting Countries of Top 10 Product Items
- Nutraceutical Ingredients: Iceland, Germany, India, Thailand and others
- Probiotics: Korea Republic of, India, Belgium, China, Taiwan China, United Kingdom
- Tablets: Japan, Australia, France, Taiwan China, Italy
- Vitamins: Thailand, Korea Republic of, United Kingdom, China, United States, Belgium
- Dietary Supplements: Taiwan China, Japan, Germany, Spain, Korea Republic of
- Herbal Extracts: China, India, Thailand, United Kingdom, Pakistan
- Botanical Extracts: France, Taiwan China, India, Poland, Germany
- Nutritional Supplements: United States, Taiwan China, Thailand, United Kingdom
- Plant Extracts: France, China, Germany
- Food Additives: China, Thailand, Japan, Netherlands
Top 5 Exhibiting Countries and Their Product Details with Company Types
- China
- Functional Food, Food Supplements / Nutraceuticals, Vitamins & Supplements, Herbal Extracts, Nutraceutical Ingredients
- Nutraceutical Ingredients, Plant Extracts, Dietary Supplements, Herbal Extracts
- Food Processing, Manufacturer, Biotechnology, Health Supplements
- Korea Republic of
- Functional Food, Probiotics, Food Supplements / Nutraceuticals
- Probiotics, Nutraceutical Ingredients, Tablets, Collagen, Herbal Extracts
- Food Processing, Manufacturer, Health Supplements, Biotechnology, Exporter
- Taiwan China
- Functional Food, Food Supplements / Nutraceuticals, Vitamins & Supplements
- Nutritional Supplements, Tablets, Collagen Drinks, Herbal Extracts
- Food Processing, Biotechnology, Manufacturer, Exporter, Health Supplements
- India
- Botanical Extracts, Herbal Extracts, Food Supplements / Nutraceuticals
- Ashwagandha Extract, Herbal Extracts, Nutraceutical Ingredients, Oleoresins
- Food Processing, Exporter, Manufacturer, Nutraceuticals, Health Supplements
- Thailand
- Functional Food, Plant-based Products, Food Supplements / Nutraceuticals
- Nutritional Supplements, Cosmetic Ingredients, Plant Extracts, Herbal Extracts
- Consulting Services, Food Processing, Government Body, Manufacturer, Exporter
Key Highlights of Vitafoods Asia Bangkok 2024
Key Industry Segments
Vitafoods Asia Bangkok 2024 focuses on several core industry segments that reflect the dynamic and evolving nature of the nutraceutical market:
- Nutraceutical Ingredients & Raw Materials: This segment includes essential ingredients such as vitamins, minerals, botanical extracts, and probiotics, which are the foundation for creating dietary supplements and functional foods.
- Functional Foods & Beverages: A key driver in the wellness industry, functional foods and beverages are products that offer additional health benefits beyond basic nutrition. They encompass products like fortified drinks, energy bars, and meal replacements.
- Dietary Supplements: This segment covers a wide range of products aimed at improving overall health and wellness, including vitamins, minerals, herbal supplements, and other nutraceutical products.
- Contract Manufacturing & Private Label: Many exhibitors offer contract manufacturing services, enabling businesses to develop and produce their own health products under private labels. This helps smaller companies and startups enter the nutraceutical market.
- Health & Personal Care Products: Products focusing on beauty from within, skin health, and overall wellness, which have become an integral part of the nutraceutical industry.
Market Trends
- Rise of Personalized Nutrition: One of the most significant trends driving the nutraceutical market is personalized nutrition, where products are tailored to individual health needs based on genetics, lifestyle, and specific health conditions. This trend is supported by advancements in biotechnology and data analytics, allowing companies to create more targeted health solutions.
- Growing Demand for Plant-based and Sustainable Products: As consumer awareness around environmental sustainability increases, there is a strong shift toward plant-based products, natural ingredients, and sustainable packaging solutions. Exhibitors are focusing on eco-friendly nutraceuticals, aligning with broader sustainability goals across industries.
- Innovations in Probiotics and Gut Health: Gut health continues to be a top priority for consumers, with probiotics playing a central role in product innovation. The demand for products that support digestive health, immune function, and overall well-being is expected to grow, and new research is driving advancements in this segment.
- Expansion of the APAC Nutraceutical Market: Southeast Asia, particularly Thailand, is witnessing robust growth in the nutraceutical sector. Driven by increasing health awareness and a growing middle class, the region's market is forecasted to reach 239 billion baht by 2026. This growth is supported by innovations in functional foods, dietary supplements, and nutraceutical ingredients
- Regulatory Evolution in Nutraceuticals: With the global market for nutraceuticals expanding, there is a growing focus on regulatory compliance, especially around the marketing and labeling of supplements. This is particularly relevant in the APAC region, where governments are refining regulations to keep pace with the industry's rapid growth.
These Key Highlights reflect the growing importance of nutraceuticals in global health and wellness and underscore why Vitafoods Asia is a central platform for industry professionals to engage with the latest innovations and market trends.
Conclusion
Vitafoods Asia Bangkok 2024 promises to be a pivotal event in the nutraceutical industry, bringing together a diverse array of exhibitors, from manufacturers to biotech innovators. With over 10,000 participants, 600+ exhibitors, and representation from 70 countries, the event is poised to highlight the latest trends in functional foods, dietary supplements, and sustainable health products. The event underscores Asia's growing role as a leader in the global nutraceutical market.