The dietary supplements are well-known as products that comprise at least one dietary ingredient within them and can be consumed orally. The Indonesia market is propelled by the effective growth in popularity of sports based and athletic performance improvement supplements. The developing customer requirements of micronutrients in the body and augmented customer spending on health & wellness products are predicted to propel the food supplements market.
According to the report analysis, ‘Indonesia Nutritional Supplements Market Outlook to 2023 - by Vitamins (Single Vitamin and Multi-Vitamin) & Herbal and Standard Dietary Supplements (General Health, Beauty, Digestive, Bone, Heart Health, Memory, Joint), Functional Beverages and Functional Food’ states that the Indonesia nutraceutical market was witnessed in its late growth stage and heading towards maturity from fragmented to the consolidated nature. A fundamental shift was witnessed towards Indonesia health and wellness industry from the treatment of chronic type diseases to safeguarding the chronic diseases at the first place, thereby decreasing the people’s dependency on several pharmaceutical drugs. Nutraceutical ingredients have positioned itself as natural and healthy alternative to traditional medicine around the country. Indonesia nutraceutical market raised at a single digit growth rate over the review duration.
Indonesia functional foods market is temperately concentrated in nature due to the existence of international as well as domestic local producers in this segment. Some of the major players functioning within the country’s functional foods market involve Danone Group, Nestle SA, Royal Friesland Campina NV, Indofood Sukses Makmur Tbk PT and others. Finest five companies accounted for more than half of the revenue produced in 2018. The Functional Beverages Market in Indonesia is mildly fragmented with finest 10 players registering for more than three fourth of the market revenue. The market being led by multinationals, the dominance was owing to their heavy investments in promotions.
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There were 7 key players in the Functional Beverages Market. Amerta Indah Otsuka, Nestle Indonesia, TC Pharmaceutical Industry Co Ltd., Danone Group Royal FrieslandCampina NV Mayora Indah Tbk PT and Indofood Sukses Makmur Tbk PT.
Indonesia V&D supplements market was observed to be moderately fragmented. Some foremost players active in the market involve Bayer AG, Kalbe Farma Tbk Pt, Tempo Scan Pacific Tbk PT, Sido Muncul PT, Soho Industri Pharmasi PT, Darya-Varia Group, Citra Nusa Insan Cemerlang PT and K-Link International Sdn Bhd and several others.
Indonesia vitamins and dietary supplements market is projected to capture the lowest market share among all the three categories in nutraceutical market in the year 2023. Standard Vitamins and Dietary Supplements will be leading the market by seizing approximately three fourth of the market by the end of the year 2023 but it is projected that the market for herbal vitamin and dietary supplements will be augmenting in the near future. Vitamins are projected to lead the vitamins and dietary supplements and the Pediatric Vitamins and Dietary Supplements is predicted to capture one fourth of the total market while Tonics will have the least market share during the year 2023. Single Vitamins will be leading the market by seizing more than half of the total Vitamins market in the year 2023.
For More Information on the Research Report, refer to below links: -
Indonesia Nutritional Supplements Market Analysis
Related Report: -
UAE Nutritional Supplements Market Outlook to 2023
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