According to a survey conducted by Rakuten Insight in March 2022, around ** percent of 25 to 34 year old respondents in Hong Kong stated that they took dietary supplements. In comparison, only ** percent of respondents above 54 years old said they took supplements.

From 2019 to 2023, the total retail sales value of the health supplements market in Hong Kong increased by *** percent to ** billion Hong Kong dollars. Online retail channels, though accounted for a fraction, showed a faster growth. Retail sales value of offline health supplements was expected to reach **** billion Hong Kong dollars by 2028.

The Hong Kong vitamin market expanded rapidly to $37M in 2024, with an increase of 5.7% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2024: its value increased at an average annual rate of +2.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -5.7% against 2022 indices.

Hong Kong Food Safety Testing Market was valued at USD 64.15 million in 2023 and is expected to reach USD 89.00 million by 2029 with a CAGR of 5.49% during the forecast period.

The Mannose Oligosaccharide (MOS) market is experiencing robust growth, driven by increasing demand in the food and pharmaceutical industries. The market's expansion is fueled by the growing awareness of MOS's prebiotic properties and its potential to enhance gut health. This translates to significant applications in dietary supplements, infant formula, and functional foods, contributing to a substantial market value. While precise figures for market size and CAGR aren't provided, industry analysis suggests a market currently valued in the low hundreds of millions of dollars, experiencing a Compound Annual Growth Rate (CAGR) in the high single digits to low double digits. This growth trajectory is anticipated to continue throughout the forecast period (2025-2033), driven by ongoing research highlighting MOS's beneficial effects on the immune system and overall well-being. Key players like Chengdu iMOS Biotechnology, Chengdu Yongan Pharmaceutical, and others are strategically positioning themselves to capitalize on this expanding market through research and development, as well as targeted marketing efforts focusing on the health benefits of MOS. However, challenges remain. The market faces restraints related to production costs and the standardization of MOS products. Ensuring consistent quality and efficacy across different product formulations is crucial for sustained market growth. Furthermore, the regulatory landscape varies across different geographical regions, influencing market penetration and adoption rates. Future growth hinges on overcoming these challenges through technological advancements in production, clearer regulatory guidelines, and continued scientific validation of MOS's purported health benefits. Segment-specific market analysis (e.g., by application or geographic region) is crucial for a more granular understanding of the market dynamics and potential investment opportunities. Further research into the specific market segments and regional data will allow for more precise predictions and strategic decisions.

The global care food market, encompassing products designed for specific dietary needs and health conditions, is experiencing robust growth. While precise market size figures are unavailable, considering the presence of major players like Maruha Nichiro, Kewpie, and Ajinomoto, alongside emerging brands such as Blossom Foods and Bosi (Hong Kong) Health Technology, a conservative estimate places the 2025 market value at approximately $15 billion USD. This substantial figure reflects the increasing prevalence of chronic diseases and a rising consumer focus on preventative healthcare and functional foods. Drivers include the aging global population, growing awareness of the link between nutrition and overall well-being, and increasing demand for convenient, yet nutritious meal options. Key trends include the rise of personalized nutrition, the integration of technology in food production and delivery (e.g., meal kits tailored to specific dietary needs), and the increasing demand for plant-based and sustainably sourced care foods. Restraints include stringent regulatory requirements for specific food categories and potential challenges in ensuring consistent quality and supply chain management for specialized products. The projected Compound Annual Growth Rate (CAGR) for the period 2025-2033, though not explicitly stated, is likely in the range of 6-8% based on industry trends and the growth of related sectors like functional foods and dietary supplements. This signifies a substantial expansion of the market over the forecast period, driven by sustained consumer demand. Segmentation is expected to be diverse, encompassing products for specific age groups (infant, elderly), dietary restrictions (gluten-free, diabetic-friendly), and health conditions (heart health, digestive health). The competitive landscape is dynamic, with both established food giants and specialized care food companies vying for market share. Innovation in product development and effective marketing strategies will be crucial for success within this growing sector. Future growth will be influenced by technological advancements, changing consumer preferences, and the evolving regulatory landscape.

In 2023, exports of medicaments containing vitamins and provitamins from Hong Kong SAR skyrocketed to 10K tons, growing by 71% compared with 2022 figures.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Market Overview:

The Global Red Reishi Mushroom Extract Powder Sales Market is estimated to grow at a CAGR of 8% during the forecast period from 2022 to 2030. The growth in this market can be attributed to the increasing demand for organic red reishi mushroom extract powder and its applications in various end-use industries. The organic segment is expected to grow at a higher CAGR than the conventional segment during the forecast period. This growth can be attributed to the increasing awareness of the benefits of using organic products among consumers. The supermarkets and malls segment is expected to hold the largest share of the global red reishi mushroom extract powder sales market in 2030. This can be attributed to factors such as rising consumer demand for healthy food options, growing retail infrastructure, and rising disposable income levels across regions.

Product Definition:

Red Reishi Mushroom Extract Powder Sales is a marketing term for the sale of a powder made from the red reishi mushroom, Ganoderma Lucidum. This mushroom has been used in traditional Chinese medicine for centuries and is purported to have various health benefits.

Organic:

Organic is a type of food product that was produced without the use of any harmful chemicals such as pesticides, herbicides, or chemical fertilizers. Organic foods are usually grown with the help of organic techniques (agricultural methods), which employ practices that support soil health and environmental protection. Organic products are not genetically modified and do not contain artificial flavors or animal-derived ingredients such as milk, cream cheese, yogurt, etc., among others.

Conventional:

Conventional is the process of growing, harvesting, and processing reishi mushroom mycelium in a controlled environment. The product produced by this method has high demand among consumers as it has a rich taste and better health benefits than its counterparts. It contains more bioactive compounds such as ergoline, psilocin, pteridines, and other trace minerals that are beneficial for the human body.

The Red Reishi Mushroom Extract Powder is not only a staple in traditional medicine but is also gaining traction in modern health and wellness sectors. Its unique composition of bioactive compounds is believed to support immune function, reduce stress, and improve sleep quality, making it a popular choice among health-conscious consumers. As more people turn to natural remedies, the demand for this extract powder continues to rise, particularly in markets where holistic health approaches are embraced. This trend is further supported by scientific studies that explore the potential health benefits of Red Reishi Mushroom Extract Powder, thereby enhancing its credibility and appeal.

Application Insights:

The others segment dominated the global red reishi mushroom extract powder sales market in 2022, accounting for over 40% of the overall revenue share. This segment includes the pharmaceuticals, nutraceuticals, and cosmetics industries. The rising demand for functional foods and beverages in developed countries is expected to drive this application trend during the forecast period. Supermarkets and malls accounted for a significant share of 21% in terms of revenue on account of high product penetration across various retail stores globally. Growing urbanization has led to an increase in consumer spending on food supplements that provide nutritional benefits along with physical strength and mental alertness as desired by consumers globally.

Regional Analysis:

The Asia Pacific was the largest regional market in 2022 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of global red reishi mushroom extract powder sales in 2022. China, Japan, South Korea, Hong Kong, and Taiwan are some of the prominent markets present across this region. Increasing health consciousness among consumers coupled with rising disposable income levels is anticipated to drive product demand over the forecast period. North America held a significant share owing to growing consumer awareness regarding fitness and well-being along with an increasing number of online shopping sites present across this region as compared to offline ones which have led to higher penetration rates for dietary supplements products such as red reishi Mushroom Extracts powders in recent years which will fuel growth further on account of high consumer willingness towards adopting new technologies.

The average revenue per capita in the 'Vitamins & Minerals' segment of the otc pharmaceuticals market in Hong Kong was modeled to be ***** U.S. dollars in 2024. Between 2016 and 2024, the average revenue per capita rose by *** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The average revenue per capita will steadily rise by ***** U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Vitamins & Minerals.

In 2021, the United States was China's most significant health and functional foods export destination, with an annual export value of approximately *** million U.S. dollars. Meanwhile, around *** million U.S. dollars worth of health food products were exported to Hong Kong. The leading five markets made up about ** percent of China's total health food export market.