“High prevalence of nutrient
deficiency and other chronic diseases in Singapore led to a soaring demand for
nutraceutical products in country.”
The
report titled “Singapore Nutraceutical (Vitamin and Dietary
Supplements, Functional Food and Beverages) Market Outlook to 2023 – Maturing
Market backed by Demand from Millennials for Multivitamins and Minerals”
observed that Nutraceutical market is in its late growth stage and it can be further
expanded through market promotions, spreading awareness about functional foods
and beverages in respect with chronic diseases, collaboration with doctors and setting
up of local manufacturing units. The market grew at a positive CAGR of 3.2% in
terms of revenue during the period 2013-2018.
Increasing Lifestyle Diseases: The country observed a massive shift in diet and physical
activity patterns owing to increasing prevalence of obesity, hypertension and
other health related problems. Approximately 1.7 million Singaporeans with a
BMI (Body Mass Index) of 23 or greater are susceptible to chronic diseases such
as diabetes and heart diseases. This has increased the dependence of
Singaporeans on nutraceuticals to prevent such diseases.
Rise in Demand for Vitamin D Supplements: About 40% and 8% Singaporeans were deficient and very
deficient for Vitamin D respectively. Vitamin
D deficiency results in abnormalities in calcium, phosphorus and bone
metabolism and affected a substantial proportion of elderly and women
population, which has led Singaporean consumers to purchase more Vitamin D
supplements.
Increasing Demand for Halal Nutraceuticals: Singapore’s strategic location at the
very heart of Asia is a significant factor for the potential growth of its
Halal Industry. Surrounded by a predominantly Muslim populated region,
Singapore is the natural gateway to some 350 million Muslims in South East
Asia. There has been an increasing demand for Halal Nutraceuticals that can be
exported to the neighbouring Asian countries.
Poor Nutritional status among Elderly population: It was found that around 3 % of the elderly people were
malnourished and the 48% were at risk of malnutrition according to the
Singapore Longitudinal Ageing studies involving 6,000 seniors. This
malnutrition among the elderly people has created a demand for nutraceutical
products in Singapore market.
Key Segments Covered:-
Vitamins and Dietary Supplements:-
By type (Vitamins and Dietary Supplements)
By nature (standard and herbal/traditional vitamins &
dietary supplements)
By Age Group (Infants, Teenage, Adult, Seniors)
By type of vitamins (single vitamins and multivitamins)
By Type of Dietary Supplements (Standard/Non-Herbal and
Herbal/Traditional)
By Positioning of Dietary Supplements (General Health and
Others, Beauty, Digestive, Bone, Heart Health, Memory Health and Joint)
By Age Group for Vitamins & Dietary Supplements Infants,
Teenage, Adults (25-45 years) and Seniors (above 45 years)
By Type of Distribution Channel (Hypermarkets, Supermarkets,
Health Food Shops, Department Stores, Drugstores/Para pharmacies, Internet
Retailing and Direct Selling, 2013-18
Functional Foods
By Type of Functional Foods (Dairy, Baby Food, Confectionary,
Breakfast Cereals, Bread, Cooking Oil)
By Type of Dairy Products (Dairy Based Yoghurt, Milk,
Powdered Milk, Flavoured Milk Drinks, Cheese)
By type of Distribution Channel (Supermarkets, Traditional
Grocery Retailers, Convenience Stores, Hypermarkets, Non- Grocery Specialists,
Internet Retailing and Direct Selling)
Functional Beverages
By Product Category (Soft Drinks and Hot Drinks)
Type of Soft Drinks (Fruit/vegetable juice, Sports Drink,
Energy Drink, Concentrated and Bottled Water Type of Soft Drinks
(Fruit/vegetable juice, Sports Drink, Energy Drink, Concentrated and Bottled
Water)
By type of Distribution Channel (Supermarkets, Traditional
Grocery Retailers, Convenience Stores, Hypermarkets, Non- Grocery Specialists,
Internet Retailing and Direct Selling)
Key Target Audience:-
Nutraceuticals
Manufacturers
Government
Agencies
Vitamin
and Dietary Supplements Companies
Functional
Foods Companies
Functional
Beverage Companies
Hypermarkets
Supermarket
Chains
Drug
Stores
Pharmacies
Chain
Online
Retailing Companies
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2019-2023E
Major Companies Covered:-
Vitamins and
Dietary Supplements:
General Nutrition Centers Inc, Nu Skin Enterprises
Inc, Amway Corp, Bayer AG, USANA Health Sciences Inc, Bionor Pharma ASA, Pfizer
Inc, Blackmores Ltd, Eu Yan Sang International Ltd
Functional
Foods:
Abbott
Laboratories Inc, Yakult Honsha Co Ltd,
Malaysia Dairy Industries Pte Ltd,
Reckitt Benckiser Group Plc (RB),
Fonterra Co-operative Group Ltd, Danone Groupe, Royal Friesland Campina NV
Functional
Beverages:
Nestlé SA, Thai Beverage PLC, Malaysia Dairy
Industries Pte Ltd, Suntory Holdings Ltd, TC Pharmaceutical Industry Co
Ltd, Yeo Hiap Seng Ltd, GlaxoSmithKline Plc
Keywords:-
Singapore
Nutraceuticals Market
Nutraceuticals
Industry In Singapore
Amway
Singapore Nutraceuticals Market
Pfizer
Nutraceuticals Market Singapore
Fonterra
Singapore Nutraceuticals Market
Yeo Hiap
Seng Nutraceuticals Market
Vitamin
Sales Market Singapore
Singapore
Functional Dairy Market
Singapore
Reduced Fat Milk Market
Royal
Friesland Campina NV Singapore
General
Nutrition Centers Singapore
Singapore
Sports Drink Market
Singapore
Hot Drink Market Analysis
Vitamins
Market Size Singapore
Single
Vitamins Market Singapore
Nestle SA
Nutraceutical Market Singapore
For more information on the research report, refer to below
link:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
