by The global Indonesia Dietary Supplements Market is estimated to be valued at US$ 2192.85 Mn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Indonesia dietary supplements market offers various types of products such as vitamins, proteins, amino acids, minerals, botanicals, enzymes and other products. These supplements are essential for human body and provide various health benefits by improving immunity, muscle strength, bone health and cognitive functions.
Market key trends:
Customization and personalization will be one of the major trends witnessed in the Indonesia dietary supplements market during the forecast period. Consumers are increasingly shifting towards specialized dietary supplements as per their needs like immunity boosters, weight loss supplements, sports nutrition etc. Manufacturers are focusing on customizing their formulations and offerings according to changing consumer preferences. They also provide supplement customization tools and quizzes on their websites to identify individual requirements of consumers and suggest relevant products. This trend has given consumers access to tailor their supplement intake and health goals which is driving the market growth.
Segment Analysis
The dietary supplements market in Indonesia can be segmented based on product type into vitamins, minerals, botanicals, fatty acids, proteins and amino acids, prebiotics and probiotics, and combination products. Among these, the combination products segment dominated the market in 2023 due to rising disposable incomes and increasing health consciousness among Indonesians. Combination products provide multiple health benefits in a single formulation, making them a widely preferred option.
Key Takeaways
Indonesia Dietary Supplements Market Demand is expected to witness high growth, exhibiting CAGR of 7.7% over the forecast period, due to increasing health consciousness and rising disposable income among consumers in Indonesia.
Regional Analysis
Java region currently dominates the dietary supplements market in Indonesia, accounting for over 40% share. However, Sumatra region is expected to witness the fastest growth during the forecast period due to the increasing prevalence of lifestyle diseases and growing medical tourism in cities like Medan and Palembang.
Key players operating in the Indonesia dietary supplements market are ADM, PT Darya-Varia Laboratoria Tbk, Citra Nusa Insan Cemerlang PT, Sido Muncul PT, The Tempo Group, Bayer AG, BASF SE, Pfizer Inc., Nature€TMs Sunshine Products, Inc., Amway, and Glanbia PLC. The Tempo Group is the largest player with over 15% market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
