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Indonesia Dietary Supplements Market is Estimated to Witness High Growth Owing to Rising Health Awareness Among Consumers

05-23-2024 02:07 PM CET | Food & Beverage

Press release from: Coherent Market Insights

Indonesia Dietary Supplements Market

Indonesia Dietary Supplements Market

Market Dynamics:

The Indonesia dietary supplements market is witnessing high growth owing to two major drivers - rising health awareness among consumers and growing middle-class population with higher disposable incomes. As consumers are increasingly focusing on preventive healthcare and wellness, the demand for dietary supplements to fulfill their daily nutrition requirements and remain healthy is growing. Moreover, Indonesia has a large young population with higher spending power on health and wellness products, which is further propelling the market growth. Changing lifestyles and increasing prevalence of lifestyle diseases have made consumers more conscious about their health and nutritional needs.

Increased Consumer Awareness about Healthier Lifestyles is Driving Growth in the Indonesia Dietary Supplements Market

The lifestyle habits and dietary patterns of Indonesians have undergone significant changes in recent years. Longer working hours, unhealthy eating habits and lack of physical activity have led to rising incidence of lifestyle diseases such as diabetes, obesity and cardiovascular issues. This in turn has increased awareness among Indonesian consumers regarding the importance of maintaining a balanced diet and leading healthier lifestyles. The dietary supplements industry has been able to capitalize on this growing health and wellness trend in Indonesia. A wide variety of supplements are being marketed as convenient means to fulfill daily micronutrient requirements and also to support specific health conditions. Moreover, rising disposable incomes have empowered more consumers to spend on health and wellness products for preventive healthcare and boosting immunity. This growing demand from increasingly health-conscious Indonesian population remains a major driver for the dietary supplements market.

Increasing Elderly Population Fueling Demand for Supplements Targeting Age-Related Health Issues

Indonesia has one of the fastest growing elderly populations in Southeast Asia. According to government statistics, the proportion of people aged over 60 is projected to rise from approximately 8% currently to over 20% by 2050. As life expectancy increases, age-related issues have become more prevalent among Indonesian seniors. Common health problems among the elderly population include arthritis, osteoporosis, memory problems, vitamin deficiencies and impaired immunity. Dietary supplements containing vitamins, minerals, herbal extracts and other nutrients have successfully marketed themselves as solutions to these health challenges of aging. Their easy ingestion format and negligible side effects compared to medicines have made supplements an attractive option for continuous care of the senior population. This expanding geriatric demographic is asserting a consistent growth influence on the Indonesian dietary supplements industry.

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Key Players Covered In This Report:

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

Market Segmantation:

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

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Stringent Regulatory Environment Hampers Market Growth

The dietary supplements sector in Indonesia has to comply with strict regulatory standards and approvals set by government bodies like BPOM (National Agency of Drug and Food Control). All new products must complete clinical trial phases to prove efficacy, safety and appropriate formulation before receiving marketing authorization. Moreover, permitted dosage levels are also closely monitored for various active ingredients used in supplements. These rigorous regulations are aimed at protecting consumer safety from low-quality or misleading Wellness products. However, the compliance requirements and entry barriers have slowed the launch of new innovations and hiked development costs for dietary supplements brands. Stringent rules cause delays in releasing clinically-proven products in Indonesia compared to global markets. They deter small manufacturers and limit import of global brands. The regulatory framework currently presents a hurdle to faster growth of the Indonesian dietary supplements industry.

Increasing Demand for Sports and Fitness Supplements among Youth Population

Indonesia has one of the youngest populations in Asia, with over 60% citizens under 40 years of age. Urbanization and greater economic prosperity has exposed this young demographic to global sports, fitness trends and health & wellness culture through online media and social platforms. As a result, more active lifestyles like gymming, cycling, running and yoga have gained widespread popularity among Indonesian youth. These activities necessitate daily vitamin and mineral intake through targeted sports nutrition supplements to meet exaggerated micronutrient requirements. Products like protein powders, pre-workout formulas, joint support, testosterone boosters etc. have seen increased consumption from regular gym-goers and amateur athletes. Sports supplements are convenient supplements to support physical performance and gain desired muscle/fat goals. Their rising adoption presents a lucrative market growth opportunity for international supplement brands to establish presence and market share in Indonesia.

Increased Demand for Herbal and Natural Wellness Supplements

A key trend witnessed in the Indonesian dietary supplements market is the rising popularity of herbal and natural supplements over synthetic/chemically formulated products. The dense biodiversity of Indonesia has resulted in a deep traditional knowledge of medicinal herbs and plant extracts used to support health over generations. Modern scientific validation has brought some of these herbal therapies to mainstream healthcare. This has increased consumer trust and willingness to pay premium prices for supplements containing familiar plant

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Indonesia dietary supplements market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
✉ Email: sales@coherentmarketinsights.com
📞United States of America: +1-206-701-6702
📞United Kingdom: +44-020-8133-4027
📞Japan: +050-5539-1737
📞India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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