Dublin, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The "Indonesia Dietary Supplements Market, By Region, Competition, Forecast & Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
Indonesia Dietary Supplements Market was valued at USD 3.04 billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.43% through 2029
The Indonesia dietary supplements market is primarily driven by increasing health awareness among the population, a growing middle class with higher disposable incomes, and a rising prevalence of lifestyle-related diseases. The COVID-19 pandemic has further heightened the focus on immunity and overall health, boosting demand for vitamins, minerals, and herbal supplements. The expansion of e-commerce platforms has made dietary supplements more accessible, contributing to market growth.
Government initiatives promoting health and wellness and the influence of social media and marketing campaigns have also played significant roles in increasing consumer interest. The younger demographic's inclination towards fitness and proactive health management fuels the demand for supplements aimed at improving physical performance and appearance. The market is also benefiting from innovations in product formulations and packaging, catering to diverse consumer preferences and needs.
Key Market Trends
Expansion of E-commerce Platforms
The rapid expansion of e-commerce platforms in Indonesia has revolutionized the dietary supplements market. Online shopping offers consumers the convenience of purchasing supplements from the comfort of their homes, with a wide variety of products to choose from. E-commerce platforms also provide detailed product information, reviews, and competitive pricing, which helps consumers make informed decisions. The growth of e-commerce has made dietary supplements more accessible, especially in regions where physical stores are limited. The advent of mobile apps and digital payment solutions has further streamlined the buying process, driving market growth by reaching a broader audience.
Government Initiatives Promoting Health and Wellness
The Indonesian government has been proactive in promoting health and wellness among its citizens. Various initiatives and public health campaigns aim to educate the population about the benefits of a healthy lifestyle, including the use of dietary supplements. These efforts include national nutrition programs, awareness campaigns about the importance of vitamins and minerals, and support for local supplement manufacturers. Government regulations also ensure the quality and safety of dietary supplements, building consumer trust. Such initiatives not only enhance public awareness but also create a favorable environment for the growth of the dietary supplements market in Indonesia.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 82 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $3.04 billion |
| Forecasted Market Value (USD) by 2029 | $4.41 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Indonesia |
Report Scope:
Key Market Players
- PT. Kalbe Farma Tbk
- PT. Sido Muncul Herbal Medicine and Pharmaceutical Industry Tbk.
- PT. Deltomed Laboratories
- PT. Enseval Medika Prima
- PT. Pyridam Farma Tbk
- PT. SOHO Industri Pharmasi
- PT. Nutrifood Indonesia
- PT. Suryaprana Nutrisindo
- PT. NATURALLY PLUS INDONESIA
- PT. Citra Nusa Insan Cemerlang
Indonesia Dietary Supplements Market, By Product Type:
- Vitamin
- Combination Dietary Supplement
- Herbal Supplement
- Fish Oil & Omega Fatty Acid
- Protein
- Others
Indonesia Dietary Supplements Market, By Form:
- Tablets
- Capsules
- Powder
- Liquids
- Soft Gels
Indonesia Dietary Supplements Market, By Application:
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Immunity
- Others
Indonesia Dietary Supplements Market, By Distribution Channel:
- Pharmacies and Drug Stores
- Supermarkets and Hypermarkets
- Online
- Others
Indonesia Dietary Supplements Market, By End User:
- Infants
- Children
- Adults
- Pregnant Females
- Geriatric
Indonesia Dietary Supplements Market, By Region:
- Bali
- Java
- Kalimantan
- Sumatra
For more information about this report visit https://www.researchandmarkets.com/r/u9jdf7
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