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  • Published On : Mar 2022
  • Code : CMI4969
  • Industry : Food and Beverages
  • Pages : 70
  • Formats :

Increasing healthcare awareness among Indonesian people especially in the mid-age generation is expected to have a positive impact on the growth of Indonesia dietary supplement market over the forecast period. 50% of the Indonesian population falls under the age of 30. With such a huge young population, supported by their changing dietary habits due to busy lifestyles, is projected to boost demand for vitamin supplements. The Indonesia dietary supplements market is expected to surpass US$ 3,177.51 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 7.7% during the forecast period (2021 to 2028).

Drivers

Rising awareness regarding health & wellbeing and increasing health issues at all age levels across Indonesia are expected to drive the growth of dietary supplements market in the country. Moreover, government healthcare campaigns in association with local dietary supplements manufacturers to increase awareness about the benefits of vitamins and other essential nutrients are projected to boost the growth of the dietary supplements market in Indonesia. For instance, the Indonesian National Health Development Program is supported by hospitals and other community-based health care facilities. The Ministry of Health (MoH) has overall responsibility for the nation’s health care policy. It manages and operates health care programs, including staffing, education and training, and health services.

Market Restraints

Strict Government Regulations Imposed on Food Supplements. For instance, government authorities such as BPOM (Badan Pengawas Obat dan Makanan), Kementrian Kesehatan (Ministry of Health), and Kementrian Perdagangan (Ministry of Trade of Goods) have control of all healthcare policies and regulations in Indonesia. These factors are some of the key reasons restraining the market growth.

Market Opportunities

Expansion of the food and beverage industry in Indonesia is expected to provide lucrative opportunity to the dietary supplements market. For instance, aaccording to the Indonesian Food and Beverage Association (Gapmmi) study, Indonesia's food and beverage industry showed significant growth of around 8.5% (y/y) in 2017. In addition, Indonesia is the most lucrative market for Foreign Direct Investment (FDI). According to Badan Koordinasi Penanaman Modal (BKPM) data, FDI in Indonesia's food and beverage industry accounted for US$ 1.5 billion in 2015. Expansion of food industry is expected to create opportunities for global and local key players to tap the potential market for dietary supplements, especially in emerging economies.

Figure 1. Indonesia Dietary Supplements Market – Opportunity Analysis

Indonesia Dietary Supplements  | Coherent Market Insights

Market Trends

Increasing health consciousness among Indonesian consumers is expected to drive the market growth. Moreover, factors such as the absence of physical activity, rising sedentary lifestyles, and changes in eating habits have increased the occurrences of various lifestyle diseases such as blood pressure, diabetes, cardiovascular problems, obesity, etc.

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Indonesia Dietary Supplements Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 1,890.50 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 7.7% 2028 Value Projection: US$  3,177.51 Mn
Geographies covered:
  • Indonesia
Segments covered:
  • By Supplements: Vitamins, Minerals, API’s, Amino Acid, Enzymes, Botanicals, Carotenoids, Others
  • By Application: Sports Nutrition, Medicinal Supplements, Personal Care Supplements, Others
  • By Form: Tablets, Capsules, Powder, Liquid, Soft Gel, Gel Caps
  • By Age Demographic: Infant, Children, Adult, Pregnant Women, Geriatric Population
Companies covered:

ADM, PT Darya-Varia Laboratoria Tbk, Citra Nusa Insan Cemerlang PT, Sido Muncul PT, The Tempo Group, Bayer AG, BASF SE, Pfizer Inc., Nature’s Sunshine Products, Inc., Amway, and Glanbia PLC

Growth Drivers:
  • Expansion of food and beverage industry in the country
Restraints & Challenges:
  • Strict government regulations

Figure 2. Indonesia Dietary Supplements Market Revenue Share (%), By Application, 2020

Indonesia Dietary Supplements  | Coherent Market Insights

On the basis of application, the medicinal supplements segment dominated the Indonesian dietary supplements market in 2020, accounting for 66% of the market share, in terms of revenue.

Indonesia Dietary Supplements Market- Impact of Coronavirus (Covid-19) Pandemic

Indonesia dietary supplements market is expected to witness a surge in growth in 2021, owing to the rising demand for immunity health products. Supplements such as vitamin C, vitamin D, zinc, and B3 vitamins offers primary and secondary COVID-19 prevention. Moreover, according to the Journal of dietary supplements, nutritional supplements, including several vitamins and the mineral zinc, are useful in preventing the infection or reducing severity of COVID-19.

Competitive Section

Key players operating in the Indonesia dietary supplements market include ADM, PT Darya-Varia Laboratoria Tbk, Citra Nusa Insan Cemerlang PT, Sido Muncul PT, The Tempo Group, Bayer AG, BASF SE, Pfizer Inc., Nature’s Sunshine Products, Inc., Amway, and Glanbia PLC

The Indonesia dietary supplements market is expected to exhibit a CAGR of 7.7% during the forecast period, owing to the rising health awareness. For instance, Indonesia is influenced by malnutrition and chronic diseases, especially in children and women. According to World Health Organization (WHO) survey in Indonesia, about 29% of deaths are caused by maternal & perinatal and nutritional deficiencies. Chronic diseases accounted for 61% of deaths at all age levels in Indonesia. Also, the prevalence of overweight, which is an important cause of chronic diseases is projected to increase over the next 10 years in both men and women. Dietary supplements have already proven their importance in curing malnutrition. Doctors also recommend extra nutrition supplements along with a daily diet in case of nutritional deficiencies. Though there is no strong evidence-based data for the efficacy of multivitamins/ mineral supplementation in the primary prevention of chronic diseases, in some cases, dietary supplements are found to be effective. Owing to such prime factors, Indonesia is expected to grow at a significant rate in the dietary supplements market.

On the basis of form, the liquid segment is expected to generate significant revenue till the end of the forecast period. Supplements such as vitamins or minerals are suspended in a liquid (water or alcohol based). This form of supplements is usually used for people suffering from dysphagia. For medicinal supplements for children, liquid form is preferred. In few cases it is flavored to mask the taste of the supplement. Supplements in liquid form have a low shelf life and must be consumed within a stipulated timeframe after opening of the packaging.

Key features of the study

  • This report provides in-depth analysis of the dietary supplements market, market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2021 - 2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global dietary supplements market based on the following parameters – company overview, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include PT Darya-Varia Laboratoria Tbk, Citra Nusa Insan Cemerlang PT, Sido Muncul PT, The Tempo Group, Bayer AG, BASF SE, Pfizer Inc., Nature’s Sunshine Products, Inc., Amway and Glanbia PLC.
  • Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future products launches, technology up-gradation, market expansion, and marketing tactics
  • The Indonesia dietary supplements market report caters to various stakeholders in this industry including investors, suppliers, dietary supplements manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Indonesia dietary supplements market

Detailed Segmentation:

  • Indonesia Dietary Supplements Market, By Supplements:
    • Vitamins
    • Minerals
    • API’s
    • Amino Acid
    • Enzymes
    • Botanicals
    • Carotenoids
    • Others
  • Indonesia Dietary Supplements Market, By Application:
    • Sports Nutrition
    • Medicinal Supplements
    • Personal Care Supplements
    • Others
  • Indonesia Dietary Supplements Market, By Form:
    • Tablets
    • Capsules
    • Powder
    • Liquid
    • Soft Gel
    • Gel Caps
  • Indonesia Dietary Supplements Market, By Age Demographic:
    • Infant
    • Children
    • Adult
    • Pregnant Women
    • Geriatric Population
  • Company Profiles
    • ADM*
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • PT Darya-Varia Laboratoria Tbk
    • Citra Nusa Insan Cemerlang PT
    • Sido Muncul PT
    • The Tempo Group
    • Bayer AG
    • BASF SE
    • Pfizer Inc.
    • Nature’s Sunshine Products, Inc.
    • Amway
    • Glanbia PLC

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The Indonesia dietary supplements market size is estimated to be valued at US$ 1,890.51 Million in 2021 and is expected to exhibit a CAGR of 7.7% between 2021 and 2028.
Rising awareness regarding health & wellbeing and increasing health issues at all age levels across Indonesia are expected to drive the growth of the market in the country.
Among application, medicinal supplement is the leading segment in the market.
Strict government regulations is expected to hinder growth of the market.
Major players operating in the market include key players operating in the Indonesia Dietary Supplements Market include ADM,PT Darya-Varia Laboratoria Tbk, Citra Nusa Insan Cemerlang PT, Sido Muncul PT, The Tempo Group, Bayer AG, BASF SE, Pfizer Inc., Nature’s Sunshine Products, Inc., Amway, and Glanbia PLC.
The market was valued at US$ 1,890.50 million in terms of revenue in 2021.

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