Rising health and wellness awareness, as well as an increase in health difficulties at all ages across Indonesia, are likely to boost the country's dietary supplement market growth. Furthermore, government healthcare programmes in collaboration with local dietary supplement producers to raise awareness about the advantages of vitamins and other critical elements are expected to drive the growth of the Indonesian dietary supplements market. Food supplements are subject to stringent government regulations. For example, all healthcare rules and regulations in Indonesia are overseen by government agencies such as BPOM (Badan Pengawas Obat dan Makanan), Kementrian Kesehatan (Ministry of Health), and Kementrian Perdagangan (Ministry of Trade of Goods). These are some of the major constraints limiting market expansion.
According to Coherent Market Insights, The Indonesia Dietary Supplements Market is expected to surpass US$ 3,177.51 billion by 2027, exhibiting a CAGR of 7.7% during the forecast period (2021 - 2028).
Major Players in the Indonesia Dietary Supplements Industry:
1. ADM
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The company was founded in 1902 and is headquartered in Chicago, Illinois.
2. PT Darya-Varia Laboratoria Tbk
PT Darya-Varia Laboratoria Tbk engages in the manufacture and trading of pharmaceutical products and cosmetics in Indonesia. It operates in three segments: Prescription Drugs, Consumer Health Products, and Export and Toll Manufacturing Services. The company was founded in 1976 and is headquartered in Jakarta, Indonesia. PT Darya-Varia Laboratoria Tbk is a subsidiary of Blue Sphere Singapore Pte. Ltd.
3. Citra Nusa Insan Cemerlang PT
CNI is a direct selling company that delivers premium home appliances, food, beverages, health supplements, and cosmetics products. The company was founded in 1986, headquartered in Indonesia.
4. Sido Muncul PT
PT Industri Jamu dan Farmasi Sido Muncul Tbk provides herbal medicines, cosmetics, and foods and beverage products in Indonesia. It operates through Herbal Medicine and Supplements, Food and Beverage, and Pharmacy segments. The company was founded in 1940 and is headquartered in Semarang, Indonesia. PT Industri Jamu dan Farmasi Sido Muncul Tbk is a subsidiary of PT Hotel Candi Baru.
5. The Tempo Group
Tempo Group is a non-profit outpatient facility that treats individuals suffering from addiction. The company was founded in 1975, headquartered in New York, U.S.
6. Bayer AG
Bayer Agrar Germany is a tool for farmers and consultants that comprises product information about seeds, hygiene, and various details. It is one of the providers in the field of plant protection in Germany with its innovative products and future-oriented know-how. The company is headquartered in Langenfeld, Germany. Founded in 1863.
7. BASF SE
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
8. Pfizer Inc.
Pfizer Inc. discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. The company has collaboration agreements with Bristol-Myers Squibb Company; Astellas Pharma US, Inc.; Myovant Sciences Ltd.; Merck KGaA; Valneva SE; BioNTech SE; and Arvinas, Inc. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York.
9. Nature’s Sunshine Products, Inc.
Nature's Sunshine Products, Inc., a natural health and wellness company, manufactures and sells nutritional and personal care products in Asia, Europe, North America, Latin America, and internationally. It offers its products under the Nature's Sunshine and Synergy WorldWide brands through a sales force of independent consultants. The company was founded in 1972 and is headquartered in Lehi, Utah.
*Definition- Dietary supplements contain vitamins, amino acids, minerals, enzymes, botanicals, and carotenoids. Regular use of these nutrients has been shown to improve consumer health.
