Asia-Pacific Edible Bird’s Nest Market: Current Analysis and Forecast (2024-2032)

Report Description

Asia Pacific Edible Bird Nest Market Size & Forecast

The Asia-Pacific Edible Bird Nest Market was valued at approximately ~USD 250 Million in 2023 and is expected to grow at a strong CAGR of around 18.5% during the forecast period (2024-2032) owing to the rising demand for increasing awareness and preference for natural, nutritious, and functional foods that offer health benefits beyond basic nutrition.

Asia Pacific Edible Bird Nest Market Analysis

The Asia-Pacific Edible Bird Nest Market has grown significantly recently, driven by increasing urbanization. Also, their cultural significance adds to their appeal among modern consumers who are increasingly interested in holistic and traditional health practices in the Asia-Pacific region. Increased access to information through the internet and social media has raised awareness about the health benefits of edible bird nests. Company collaborations & acquisitions, rising import-export activities, investments, and innovative product launches drive the industry’s growth.

For instance, in May 2023, Vanderbilt Assistant Professor of History Meng Zhang was awarded a stipend from the National Endowment for the Humanities to bolster her research into the edible bird’s nest trade in maritime Asia, shedding light on its economic and environmental transformation, political economy and the role it played in the emergence of global capitalism.

Also, in October 2023, new global export opportunities for Cambodian edible bird’s nests were explored at the Bird’s Nest Business Forum. The forum was attended by business associations from Cambodia, Thailand, Vietnam, Malaysia, and China. According to the Ministry of Commerce, the forum was held to boost the exports of Cambodian edible bird’s nests by finding trade partners from other countries in the region.

Asia Pacific Edible Bird Nest Market Trends

This section discusses the key market trends that are influencing the various segments of the Asia-Pacific Edible Bird Nest Market, as identified by our team of research experts.

Pharmaceutical Segment Transforming Industry

The pharmaceutical segment of the Asia-Pacific edible bird’s nest market is an emerging segment that obtained the alleged healthy and medicinal value of bird’s nest ingestion. Bird nests have been consumed in Traditional Chinese or Oriental medicine and other traditional medical practices in Asia. It is postulated that they have a positive effect on every aspect of health while enhancing the body’s immune system with benefits to the respiratory tract. Substances present in Bird’s nests include Sialic acid, Amino acids and peptides, and minerals, which are believed to cause therapeutic changes. A bird’s nest is usually associated with respiratory health remedies. It is interesting to note that these plants are thought to provide relief from such ailments as asthma, coughs, and respiratory infections. With bird’s nest extracts conferring immunomodulation and anti-infective agents, products containing them have been designed to boost immunity. There is evidence that bird’s nests may contain anti-inflammatory agents and can, therefore, be used in preparations intended for inflammatory conditions. Further research is being conducted to identify the particular types of compounds in bird’s nests and the actual pharmacological actions. The quality and purity of bird’s nest extracts must be controlled to sustain its claimed benefits in the administration of bird’s nest as medicine. Standard dosage form, as well as dosage form development, is crucial to meet the regulatory aspects and to also achieve a therapeutic effect that is consistent. The Asia-Pacific market for edible bird’s nests is expected to see future growth in the pharmaceutical segment due to continuous research, improved consumer awareness towards natural products, and technological innovations in production processes.

Indonesia is Expected to Grow with Significant CAGR During Forecast Period

Within Asia-Pacific, Indonesia is expected to hold a major share of the market. The region’s growing demand for natural, nutritious, and functional foods that offer health benefits beyond basic nutrition is adding to the rising demand for these products. Other than these, the surge in exports, innovative marketing strategies, company acquisitions, and the presence of several market players are the major factors boosting the country’s market growth.

• According to the 3rd International Conference on Animal Production for Food Sustainability 2023, Indonesia is one of the world’s best quality Swiftlet edible bird’s nest producers. Indonesia is home to the largest population of wild swiftlets, and it is estimated that around 44 million of the total global population of 52 million birds can be found in Indonesia. One of the major contributors to production is Central Kalimantan Province.

• Indonesia experienced its bilateral trade amounting to USD 51.9 million in the first five months of 2023. The Southeast Asian country experienced a surplus of USD 889.6 million over the period.

Asia Pacific Edible Bird Nest Industry Overview

The Asia-Pacific Edible Bird Nest Market is competitive, with several market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, investments, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are PT. ESTA INDONESIA; Glyness; ECOLITE BIOTECH MANUFACTURING SDN BHD; Enest Group Berhad; Natural Nest; MyNest; Blessing Birdnest; GREENCOM NANOTECH SDN BHD; PT. AQUA BIRDNEST INDONESIA; KuanWellness Sdn. Bhd.

In June 2024, Edible Bird’s Nest-based product manufacturer Glyken International Bhd, via its newly launched biotechnology (biotech) center, announced the production of a variety of premium products with a target sales value of USD 5 million per year.

In December 2023, JungKwanJang, South Korea’s leading red ginseng brand under Korean Ginseng Corp., launched a new red ginseng product using edible bird’s nests to target the Chinese market.

In May 2023, Xiamen Yan Palace Bioengineering Co., a Chinese edible bird’s nest producer, considered a Hong Kong initial public offering that could raise about USD 200 million.

Asia Pacific Edible Bird Nest Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, type portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The Asia-Pacific Edible Bird Nest Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Asia Pacific Edible Bird Nest Market Analysis (2024-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Asia-Pacific Edible Bird Nest Market were the three major steps undertaken to create and analyze the adoption of Asia-Pacific edible bird nest in major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Asia-Pacific Edible Bird Nest Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

A detailed secondary study was conducted to obtain the historical market size of the Asia-Pacific Edible Bird Nest Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Asia-Pacific Edible Bird Nest Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as color type, application, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Asia-Pacific Edible Bird Nest Market. Further, we conducted factor analysis using dependent and independent variables such as color type, application, and regions of the Asia-Pacific Edible Bird Nest Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Asia-Pacific Edible Bird Nest Market sector across the region.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Asia-Pacific Edible Bird Nest Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Asia-Pacific Edible Bird Nest Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Asia-Pacific Edible Bird Nest Market in terms of types offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Asia-Pacific Edible Bird Nest Market. Data was split into several segments and sub-segments after studying various parameters and trends in the areas of the color type, application, and regions in the Asia-Pacific Edible Bird Nest Market.

The main objective of the Asia Pacific Edible Bird Nest Market Study

The current & future market trends of the Asia-Pacific Edible Bird Nest Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Asia-Pacific Edible Bird Nest Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the color type, application, and regions.
• Define and analysis of the regulatory framework for the Asia-Pacific edible bird nest
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Asia-Pacific Edible Bird Nest Market for the major countries.
• Major countries of regions studied in the report include China, Japan, Indonesia, Thailand, and Vietnam.
• Company profiles of the Asia-Pacific Edible Bird Nest Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry.

You can also purchase parts of this report. Do you want to check out a section wise
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