Indonesia dietary supplements market

Indonesia Dietary Supplements Market, by Supplement (Vitamins, Minerals, API’s, Amino Acids, Enzymes, Botanicals, Carotenoids, and Others), by Application (Sports Nutrition, Medicinal Supplements, Personal Care Supplements, and Others), by Form Industry (Tablets, Capsules, Powder, Liquids, Soft Gels, and Gel Caps), by Age Demographics (Infant, Children, Adult, Pregnant Women, and Geriatric Population) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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Mar 2022
CMI4969
70 Pages
Excel & Pdf
Food and Beverages

Summary

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

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.

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

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

Table of Content

Table of Contents

Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

Market Purview

Report Description

Market Definition and Scope

Executive Summary

Market Snippet, By Supplement
Market Snippet, By Application
Market Snippet, By Form
Market Snippet, By Age Demographic

Coherent Opportunity Map (COM)

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

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

Overview
Factors Affecting Indonesia Dietary Supplements Market – COVID-19
Impact Analysis

Indonesia Dietary Supplements Market, By Supplement, 2017- 2028 (US$ Mn)

Introduction

Market Share Analysis, 2020, 2023 and 2028 (%)
Y-o-Y Growth Analysis, 2021 - 2028
Segment Trends

Vitamins

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)
Segment Trends

Minerals

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

API’s

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Amino Acids

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Enzymes

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Botanicals

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Carotenoids

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Others

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Indonesia Dietary Supplements Market, By Application, 2017- 2028 (US$ Mn)

Introduction

Market Share Analysis, 2020, 2023 and 2028 (%)
Y-o-Y Growth Analysis, 2021 - 2028
Segment Trends

Sports Nutrition

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Medicinal Supplements

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Personal Care Supplements

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Others

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Indonesia Dietary Supplements Market, By Form, 2017- 2028 (US$ Mn)

Introduction

Market Share Analysis, 2020, 2023 and 2028 (%)
Y-o-Y Growth Analysis, 2021 - 2028
Segment Trends

Tablets

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Capsules

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Powder

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Liquid

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Soft Gels

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Gel Caps

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Indonesia Dietary Supplements Market, By Age Demographic, 2017- 2028 (US$ Mn)

Introduction

Market Share Analysis, 2020, 2023 and 2028 (%)
Y-o-Y Growth Analysis, 2021 - 2028
Segment Trends

Infant

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Children

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Adult

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Pregnant Women

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Geriatric Population

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2021-2028, (US$ Mn)

Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles

Company Overview
Component Portfolio
Recent Developments/Updates

PT Darya-Varia Laboratoria Tbk

Company Overview
Component Portfolio
Recent Developments/Updates

Citra Nusa Insan Cemerlang PT

Company Overview
Component Portfolio
Recent Developments/Updates

Sido Muncul PT

Company Overview
Component Portfolio
Recent Developments/Updates

The Tempo Group

Company Overview
Component Portfolio
Recent Developments/Updates

Bayer AG

Company Overview
Component Portfolio
Recent Developments/Updates

BASF SE

Company Overview
Component Portfolio
Recent Developments/Updates

Pfizer Inc.

Company Overview
Component Portfolio
Recent Developments/Updates

Nature’s Sunshine Products, Inc.

Company Overview
Component Portfolio
Recent Developments/Updates

Amway

Company Overview
Component Portfolio
Recent Developments/Updates

Glanbia PLC

Company Overview
Component Portfolio
Recent Developments/Updates

Section

References
Research Methodology
About us and Sales Contact

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Segmentation

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

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the market during the forecast period (2021-2028)?

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.

What are the major factors driving the market growth?

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.

Which is the leading application segment in the market?

Among application, medicinal supplement is the leading segment in the market.

What are the key factors hampering growth of the market?

Strict government regulations is expected to hinder growth of the market.

Which are the major players operating in 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.

What is the current market size?

The market was valued at US$ 1,890.50 million in terms of revenue in 2021.