logo
[Latest] Global Nutraceutical Products Market Size/Share Worth USD 717.09 Billion by 2034 at a 10.45% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT)

[Latest] Global Nutraceutical Products Market Size/Share Worth USD 717.09 Billion by 2034 at a 10.45% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT)

Yahoo20-05-2025

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Nutraceutical Products Market size & share revenue was valued at approximately USD 458.85 Billion in 2024 and is expected to reach USD 506.81 Billion in 2025 and is expected to reach around USD 717.09 Billion by 2034, at a CAGR of 10.45% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are Conagra, The Hain Celestial Group, Kraft Heinz Company, General Mills, Kellogg's, Nestlé, Nature's Bounty, Hero Group, Barilla Group, Raisio Group, Pfizer Inc., Freedom Food Group Limited, and others.
Austin, TX, USA, May 20, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Nutraceutical Products Market Size, Trends and Insights By Type (Food & Beverages, Dietary Supplements), By Source (Probiotics, Prebiotics, Minerals, Vitamins), By Distribution Channel (Convenience Stores, Hypermarkets/Supermarkets, Online Retail), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database.'According to the latest research study, the demand of the global Nutraceutical Products Market size & share was valued at approximately USD 458.85 Billion in 2024 and is expected to reach USD 506.81 Billion in 2025 and is expected to reach a value of around USD 717.09 Billion by 2034, at a compound annual growth rate (CAGR) of about 10.45% during the forecast period 2025 to 2034.'
Click Here to Access a Free Sample Report of the Global Nutraceutical Products Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=69788
Nutraceutical Products Market Overview
As per the industry experts at CMI, the Nutraceutical Products Market will witness exponential growth, as individuals are shifting toward preventive healthcare. Individuals from all age groups, ranging from Gen Z to those aged 60 and above, prefer natural health supplements because they find it more feasible to avoid synthetic nutrients than to risk the side effects associated with sugary drinks and other foods containing artificial flavors.
Nutraceutical Products Market Growth Factors and Dynamics
Health Comes First: The pandemic has paved the way for healthy intake. People have become more cautious about the ingredients of a particular food/beverage in the post-pandemic era. Moreover, the tide of the food & beverage industry has turned in favour of sustenance and ecological balance. Sustainable packaging helps in the proper transportation of nutraceuticals without tampering with the ingredients, whereas products like plastic tend to chemically react with the stuff contained inside, thereby making it difficult to preserve them in the long run.
Request a Customized Copy of the Nutraceutical Products Market Report @ https://www.custommarketinsights.com/request-for-customization/?reportid=69788
Technology on the Run: Technological innovations play a vital role, such that the key market players are making use of Artificial Intelligence (AI) and Machine Learning (ML) for analyzing consumer preferences and developing personalized solutions. Thus, research concentrates on developing new products like vegan supplements, plant-based proteins, and probiotics to cater to niche markets.
Report Scope
Feature of the Report
Details
Market Size in 2025
USD 506.81 Billion
Projected Market Size in 2034
USD 717.09 Billion
Market Size in 2024
USD 458.85 Billion
CAGR Growth Rate
10.45% CAGR
Base Year
2024
Forecast Period
2025-2034
Key Segment
By Type, Source, Distribution Channel and Region
Report Coverage
Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options
Request tailored purchasing options to fulfil your requirements for research.
(A free sample of the Nutraceutical Products report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
The 2024 updated report includes an introduction, an overview, and an in-depth industry analysis.
The package includes the COVID-19 Pandemic Outbreak Impact Analysis.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology
(Please note that the sample of the Nutraceutical Products report has been modified to include the COVID-19 impact study prior to delivery.)
Request a Customized Copy of the Nutraceutical Products Market Report @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
Nutraceutical Products Market: SWOT Analysis
Strengths: Nutraceutical products help in nurturing preventive healthcare measures. They also help in absorbing the other substances, thereby improving their therapeutic effects. The consumers are increasingly opting for functional foods & beverages, which is another factor contributing to the strength of the nutraceutical products market.
Weaknesses: The stringent regulations to be followed regarding acceptance of nutraceutical products are one of the major threats to the nutraceuticals market. Furthermore, many clinical trials have been concluded on primates and animals and not on humans. The human anatomy can't necessarily respond the same as the ones used in clinical trials. Such variability can be another factor holding the nutraceutical products market back.
Opportunities: Sedentary lifestyles and the growing prevalence of ailments related to these lifestyles have raised eyebrows of late. Therefore, people are considering switching to nutraceuticals as a viable option. In developing economies like India, there is a larger opportunity for the development of the nutraceutical products market, as the concept of Ayurveda is no longer looked upon as a far-fetched dream. Indian companies are extensively investing in nutraceuticals with the support of the Government of India to add to the 'Make in India' initiative. India has thus gotten a chance to be an export partner regarding nutraceuticals.
Threats: The end consumers in various parts of the world are still shying away from using something healthy like nutraceuticals, as they feel that self-medication on a trial-and-error basis will solve the purpose. Moreover, the process of applying for patents often takes longer than necessary. Until then, the publicity created around the nutraceutical product may die down. We need to address this threat.
Request a Customized Copy of the Nutraceutical Products Market Report @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
Key questions answered in this report:
What is the size of the Nutraceutical product market and what is its expected growth rate?
What are the primary driving factors that push the Nutraceutical Products market forward?
What are the Nutraceutical Products Industry's top companies?
What are the different categories that the Nutraceutical Products Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the sample report for the Nutraceutical Products market and company profiles?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2025−2034
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Buy this Premium Nutraceutical Products Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
Nutraceutical Products Market Regional Perspective
North America, Europe, Asia Pacific, and LATAM make up the market for nutritional products.
North America: North America, as mentioned above, dominates the nutraceutical products market. This success could be credited to growing awareness amongst the consumers about the health benefits rendered by nutraceuticals. As such, the demand for energy drinks, functional beverages, fortified dairy products, and dietary supplements is on the rise.
Europe: The demand for nutraceutical products, particularly for preventive healthcare measures, is increasing among European consumers. The increase in aging population is significantly contributing toward this demand, dietary supplements in particular. The market players are embarking upon new product developments for increasing their market share. For instance, in September 2024, Laboratoire PYC noticeably expanded its manufacturing capabilities by launching a new facility focusing on protein production and food supplements in France.
Asia Pacific: Asia Pacific accounts for close to 40% of the nutraceutical products market share. This growth could be attributed to the improvement in living standards all across, especially in economies like India and China. Gen Z has been at the forefront in this regard. The region alone is expected to witness a double-digit CAGR in the forecast period.
LAMEA: The Latin America, Middle East, and Africa regions are reported to have immense potential with regard to nutraceutical products, as end consumers are showing interest in preventive healthcare measures. The market players are increasingly investing in nutraceutical products.
Request a Customized Copy of the Nutraceutical Products Market Report @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)
Still, Looking for More Information? Do you want data for inclusion in magazines, case studies, research papers, or media?
Email Directly Here with Detail Information: support@custommarketinsights.com
Browse the full 'Nutraceutical Products Market Size, Trends and Insights By Type (Food & Beverages, Dietary Supplements), By Source (Probiotics, Prebiotics, Minerals, Vitamins), By Distribution Channel (Convenience Stores, Hypermarkets/Supermarkets, Online Retail), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at https://www.custommarketinsights.com/report/nutraceutical-products-market/List of the prominent players in the Nutraceutical Products Market:
Conagra
The Hain Celestial Group
Kraft Heinz Company
General Mills
Kellogg's
Nestlé
Nature's Bounty
Hero Group
Barilla Group
Raisio Group
Pfizer Inc.
Freedom Food Group Limited
Others
Click Here to Access a Free Sample Report of the Global Nutraceutical Products Market @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
Spectacular Deals
Comprehensive coverage
Maximum number of market tables and figures
The subscription-based option is offered.
Best price guarantee
Free 35% or 60 hours of customization.
We offer free post-sale service assistance.
25% discount on your next purchase.
Service guarantees are available.
The author has created a personalized market brief.
Browse More Related Reports:
US Bulk Food Ingredients Market: US Bulk Food Ingredients Market Size, Trends and Insights By Category (Primary Processed, Grains, Pulses & Cereals, Tea, Coffee & Cocoa, Herbs & Spices, Oilseeds, Sugar & Salt, Others, Secondary Processed, Processed Grains, Pulses & Cereals, Processed Herbs & Spices, Dry Fruits & Nuts, Sugar & Sweeteners, Others), By Application (Bakery & Confectionery, Snacks & Spreads, Ready Meals, Beverages, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034
Branched Chain Amino Acid (BCAA) Market: Branched Chain Amino Acid (BCAA) Market Size, Trends and Insights By Type (L-Leucine, L-Isoleucine, L-Valine), By Application (Sports nutrition and fitness, Food and beverage, Animal feed, Pharmaceuticals, Cosmetics and personal care), By Form (Powder, Capsule, Tablet, Liquid), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034
Creatine Monohydrate Market: Creatine Monohydrate Market Size, Trends and Insights By Product Type (Powder, Capsules, Liquids), By Formulation Type (Unflavored, Flavored, Other), By End User (Athletes and Bodybuilders, Recreational Users, General Health), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034
US Fish Processing Market: US Fish Processing Market Size, Trends and Insights By Type (Frozen, Preserved), By Species (Fish, Crustaceans, Molluscs), By Application (Food, Other Commercial Uses), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034
Edible Oil Market: Edible Oil Market Size, Trends and Insights By Product Type (Palm Oil, Soybean oil, Sunflower Oil, Rapeseed Oil, Others), By Packaging Type (Pouches, Jar, Cans, Bottles, Others), By End-use Analysis (Domestic, Industrial, Food Service), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034
Extra Virgin Avocado Oil Market: Extra Virgin Avocado Oil Market Size, Trends and Insights By Product Type (Cold Pressed, Solvent Extracted), By Application (Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals), By Distribution Channel (Online Stores, Specialty Stores, Supermarkets/Hypermarkets), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034
Mayonnaise Market: Mayonnaise Market Size, Trends and Insights By Product Type (Flavoured, Unflavoured), By Packaging Type (Bottles, Pouches, Others), By Distribution Channel (Supermarkets and Hypermarkets, Convenience stores, Online Retailers, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034
Arabinogalactan Market: Arabinogalactan Market Size, Trends and Insights By Type (Western Larch Source, Mongolian Larch Source), By Application (Food & Dietary Supplement, Pharmaceutical, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034
The Nutraceutical Products Market is segmented as follows:
By Type
Food & Beverages
Dietary Supplements
By Source
Probiotics
Prebiotics
Minerals
Vitamins
By Distribution Channel
Convenience Stores
Hypermarkets/Supermarkets
Online Retail
Click Here to Get a Free Sample Report of the Global Nutraceutical Products Market @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
Regional Coverage:
North America
U.S.
Canada
Mexico
Rest of North America
Europe
Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe
Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
This Nutraceutical Products Market Research/Analysis Report Contains Answers to the following Questions.
Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Nutraceutical Products Market? What are the company profiles, product information, and contact details for these key players?
What Was the Global Market Status of the Nutraceutical Products Market? What Was the Capacity, Production Value, Cost and PROFIT of the Nutraceutical Products Market?
What Is the Current Market Status of the Nutraceutical product Industry? What's the market's competition in this industry, both company-wise and country-wise? What's the Market Analysis of the Nutraceutical Products Market by Considering Applications and Types?
What Are Projections of the Global Nutraceutical Products Industry Considering Capacity, Production, and Production Value? What Will Be the estimate of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What is the analysis of the nutraceutical products market chain in relation to upstream raw materials and the downstream industry?
What Is the Economic Impact On Nutraceutical Products Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Nutraceutical Products Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Nutraceutical Products Industry?
Click Here to Access a Free Sample Report of the Global Nutraceutical Products Market @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
Reasons to Purchase Nutraceutical Products Market Report
Nutraceutical Products Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Nutraceutical Products Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Nutraceutical Products Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
We provide extensive company profiles that include company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
The Nutraceutical Products Market includes an in-depth analysis from various perspectives, utilizing Porter's five forces framework, and offers insights into the market through the Value Chain.
Reasons for the Research Report
The study provides a thorough overview of the global Nutraceutical Products market. Compare your performance to that of the market as a whole.
Aim to maintain competitiveness while innovations from established leaders drive market growth.
Buy this Premium Nutraceutical Products Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Nutraceutical Products market analysis.
The competitive environment of current and potential participants in the Nutraceutical Products market is covered in the report, as well as those companies' strategic product development ambitions.
According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
We have provided actual market sizes and forecasts for each segment mentioned above.
Who should buy this report?
Participants and stakeholders worldwide in the nutraceutical product market should find this report useful. The research will be useful to all market participants in the Nutraceutical Products industry.
Managers in the Nutraceutical Products sector are interested in publishing up-to-date and projected data about the worldwide Nutraceutical Products market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Nutraceutical Products products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
Request a Customized Copy of the Nutraceutical Products Market Report @ https://www.custommarketinsights.com/report/nutraceutical-products-market/
About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work toward achieving sustainable growth in their respective domains.
CMI offers a comprehensive solution from data collection to investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Follow Us: LinkedIn | Twitter | Facebook | YouTube
Contact Us:
Joel John
CMI Consulting LLC
1333, 701 Tillery Street Unit 12,
Austin, TX, Travis, US, 78702
USA: +1 737-734-2707
India: +91 20 46022736
Email: support@custommarketinsights.com
Web: https://www.custommarketinsights.com/
Blog: https://www.techyounme.com/
Blog: https://businessresearchindustry.com
Blog: https://www.technowalla.com/
Blog: https://marketresearchtrade.com/
Buy this Premium Nutraceutical Products Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/nutraceutical-products-market/

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Spetz says Sonic blockchain's native token $S set to be listed on Coinbase
Spetz says Sonic blockchain's native token $S set to be listed on Coinbase

Yahoo

time4 hours ago

  • Yahoo

Spetz says Sonic blockchain's native token $S set to be listed on Coinbase

SonicStrategy shared that the Sonic blockchain's native token, $S, is set to be listed on Coinbase (COIN), one of the world's most trusted and regulated cryptocurrency exchanges, as announced by Coinbase yesterday June 12th. Unlike conventional token listings for assets built on Ethereum or Solana, the inclusion of $S on Coinbase represents a full-stack integration of the Sonic network, a significant technical and strategic milestone. This integration opens the door to a new level of accessibility, legitimacy, and scalability for the Sonic ecosystem and all participants within it. he upcoming listing will enable Coinbase users to directly purchase $S using fiat currencies like USD and EUR, reducing barriers to entry and enhancing global liquidity. It also introduces the Sonic ecosystem to Coinbase's robust infrastructure-used by the majority of U.S.-listed Bitcoin ETFs-along with the potential for future integrations across DeFi, staking, and perpetual trading products. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on COIN: Disclaimer & DisclosureReport an Issue USDC Comes to Shopify, Coinbase Deal Could Boost SHOP Stock Coinbase price target raised to $259 from $216 at BofA Coinbase Launches First-Ever American Express Credit Card with 4% Bitcoin Cashback Coinbase Global: Hold Rating Amid Strategic Growth and Market Uncertainties Stablecoin transaction volumes hit $752B in May, FT reports

NEAR Protocol Surges 4% After 12.8% Correction, User Growth Shines
NEAR Protocol Surges 4% After 12.8% Correction, User Growth Shines

Yahoo

time5 hours ago

  • Yahoo

NEAR Protocol Surges 4% After 12.8% Correction, User Growth Shines

Conflict between Israel and Iran spurred a crypto market sell-off on Friday, with NEAR Protocol experiencing significant price volatility despite impressive adoption metrics. The protocol has emerged as a leading Layer-1 solution, surpassing established competitors like Ethereum, Binance Chain, and Tron in monthly active users, highlighting a growing shift in user preferences toward platforms offering lower transaction costs and improved usability. Market analysts note that NEAR's recent price correction occurred despite its strong fundamentals, with the token currently trading below key technical indicators. The protocol's focus on user-friendly infrastructure, including features like account abstraction and chain signatures, has positioned it as an attractive option for both developers and users in the blockchain space, particularly as it expands into AI applications and web3 consumer apps. While short-term price action remains uncertain with support at $2.20 and resistance at $2.30, NEAR's remarkable user growth suggests potential for recovery if broader market conditions improve and institutional interest continues to develop around its expanding ecosystem. Technical Analysis NEAR-USD underwent a significant correction, plummeting from $2.50 to a low of $2.18, representing a 12.8% decline over the 24-hour period. The most intense selling occurred during the midnight hours (00:00-02:00), with exceptionally high volume (5.4-6.9 million) establishing a strong resistance zone around $2.37. A modest recovery attempt emerged from the $2.18 support level, with price stabilizing in the $2.21-$2.25 range, though the bounce lacked conviction as evidenced by diminishing volume during recovery phases. The formation of lower highs and higher lows since the initial drop suggests consolidation, with immediate support at $2.20 and resistance at $2.30 likely determining the next directional move. In the last hour, NEAR-USD demonstrated significant volatility with a strong recovery from the earlier correction, climbing from $2.217 to a peak of $2.239 before consolidating. The most notable price action occurred between 13:31-13:40, where NEAR surged nearly 4% on exceptionally high volume (86,916-147,856 units), establishing a new resistance zone around $2.235. A brief pullback to $2.214 at 13:54 found immediate support, with buyers stepping in to push prices back above $2.22. The hourly close at $2.223 represents a 0.5% gain from the opening price, with volume patterns suggesting accumulation following the earlier sell-off, potentially indicating a short-term trend reversal if prices can maintain above the $2.22 support level. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Fraud Surges in APAC's Fastest-Growing Industries--Sumsub Report Highlights a 723% Spike in Healthtech, 116% in Fintech
Fraud Surges in APAC's Fastest-Growing Industries--Sumsub Report Highlights a 723% Spike in Healthtech, 116% in Fintech

Yahoo

time19 hours ago

  • Yahoo

Fraud Surges in APAC's Fastest-Growing Industries--Sumsub Report Highlights a 723% Spike in Healthtech, 116% in Fintech

Fraudsters increasingly weaponize AI-powered deepfakes and synthetic identity documents to exploit the expanding digital ecosystems in APAC Deepfake scams remain a persistent threat, Singapore sees a 1,500% surge; Hong Kong SAR jumps 1,900% Synthetic identity document fraud grows 233% in APAC, outpacing the global increase of 195% SINGAPORE, June 12, 2025 /PRNewswire/ -- As Asia Pacific's (APAC) digital ecosystems continue to undergo explosive growth, some of the fastest-growing sectors are becoming prime targets for increasingly sophisticated fraud. New data released by global verification provider Sumsub, reveals that healthtech and fintech sectors are the most exposed to this new wave of AI-powered fraud, with healthtech recording the sharpest year-on-year spike across industries in the region—an alarming 723% compared to Q1 2024. In fintech, fraud remains persistent with the second highest year-on-year rise in fraud in APAC, with 116% increase over the same period. This surge in fraud comes as both sectors experience rapid growth. Fintech in APAC is set to grow from USD 450 billion in 2024, to USD 1150 billion by 2032, while digital health is expected to expand eightfold by 2033, reaching nearly USD 488.50 billion. But as these industries scale, so does the sophistication of the fraud they face. Fueled by generative AI, synthetic identity documents, deepfakes, and AI-driven tactics are evolving rapidly—exploiting gaps in security and compliance to trick systems and commit fraud. The use of deepfakes is particularly concerning, extending beyond election interference and business impersonation to AI-generated job scams. Singapore recorded a staggering 1,500% surge in deepfake fraud cases from 2024 while Hong Kong SAR saw an even more dramatic 1,900% jump. As AI becomes more accessible, fraudsters are using AI-powered tools to construct synthetic identity documents, combining real data like a valid ID number with fictitious details to create a completely new, non-existent persona. In sectors like fintech and healthtech, where digital onboarding and remote verification are common, these AI-generated documents are often used to impersonate legitimate users during Know Your Customer (KYC) checks. This allows bad actors to fraudulently access financial services or sensitive health records, posing serious risks to both service providers and end users. Globally, synthetic identity document fraud cases have surged by 195%, with APAC seeing an even sharper rise of 233%, underscoring the scale and sophistication of the threat. Several APAC markets have recorded a sharp year-on-year rise in synthetic identity document fraud (Q1 2024 to Q1 2025), with particularly steep increases in: Philippines: 291% increase Hong Kong SAR: 209% increase Thailand: 188% increase Singapore: 184% increase Australia: 117% increase "While fintech fraud is a familiar battleground, given the sector's long standing exposure to financial crime and its evolution alongside crypto, the scale of fraud in healthtech signals a worrying new frontier. As more healthcare services go digital, the sector's vulnerabilities are being exploited at pace, putting trust in the digital health system at serious risk. The surges in AI-powered fraud, including deepfakes and synthetic identity documents, is exposing critical flaws in traditional verification systems," said Penny Chai, Vice President, APAC, Sumsub. "To protect themselves, businesses must move beyond outdated approaches and adopt multi-layered, adaptive defenses. At Sumsub, our focus is on helping businesses stay one step ahead of fraudsters by anticipating new attack vectors and delivering smarter, more resilient full-cycle verification solution." In response to the rapidly growing fraud risks in the region and across the globe, Sumsub will host its inaugural What The Fraud Summit to serve as a dedicated platform for industry leaders, regulators and fraud experts to have bold conversations and exchange actionable insights to beat the global fraudemic. The Summit will be held in Singapore from November 19 to 20, 2025. Learn more about the WTF Summit and ticket details: About Sumsub Sumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub's customizable KYC, KYB, Transaction Monitoring, and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect your business. Sumsub has over 4,000 clients across the fintech, crypto, transportation, trading, e-commerce, education, and gaming industries, including Bitpanda, Wirex, Avis, Bybit, Vodafone, Duolingo, Kaizen Gaming, and TransferGo. Sumsub has citations in research published by global institutions such as the United Nations and Statista, as well as ongoing consultancy and engagements with INTERPOL. View original content to download multimedia: SOURCE Sumsub

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store