The Indonesia dietary supplements market was valued at US$ 1,890.50 million in 2021, according to Indonesia Dietary Supplements Market Report, by Supplement (Vitamins, Minerals, API’s, Amino Acids, Enzymes, Botanicals, Carotenoids, and Others), by Application (Sports Nutrition, Medicinal Supplements, Personal Care Supplements, and Others), by Form Industry (Tablets, Capsules, Powder, Liquids, Soft Gels, and Gel Caps), by Age Demographics (Infant, Children, Adult, Pregnant Women, and Geriatric Population)
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). The constituents of dietary supplements include vitamins, amino acids, minerals, enzymes, botanicals, and carotenoids. The regular intake of these nutrients have been observed to positively impact the consumer’s health. Also, deficiency of a nutrient can lead to numerous health problems such as stunted growth, anemia, fatigue, weak immunity system, and overall poor body health.
Key Trends and Analysis of the Dietary Supplements Market:
- Indonesian consumers are changing their habits and aim to spend more on food products that promote health benefits. Functional, dietary food and beverages remain highly appealing to consumers in Indonesia owing to rising cases of malnutrition in the country. The studies by Coherent Market Insights suggests that more children are becoming overweight. The above mentioned factors are some of the key reasons driving the overall growth of dietary supplements market in Indonesia during the forecast period.
Key Takeaways of the Market:
- Among supplements, vitamins segment accounted for a significant market share in 2020. Vitamin consumption offers various benefits such as improved eye health, metabolism, brain development, digestion, skin health, and reduced risk of heart diseases. Although vitamins can be ingested into the body through vitamin-rich foods, dietary supplements can help bridge the gap between conventional diets and vitamin requirements.
- On the basis of application, medicinal supplements segment held a significant share and is expected to exhibit a considerable CAGR during the forecast period, as medicinal supplements are prescribed to overcome deficiency of nutrients. The deficiency may arise due to an unbalanced diet or inadequacy of the body to harness nutrients from food.
- Major players operating in the Indonesia dietary supplement market include PT Darya-Varia Laboratoria Tbk, Citra Nusa Insan Cemerlang PT, Sido Muncul PT, The Tempo Group, Bayer AG, BASF SE, Pfizer Inc., Nature’s Sunshine Products, Inc., Amway, and Glanbia PLC
Global Dietary Supplements Market - Impact of Coronavirus (Covid-19) Pandemic
- The Indonesian dietary supplements market is expected to witness growth in the near future, owing to the rising demand for dietary supplements during the Covid-19 period, as it aims to improve the immune health among the consumers. The demand for immune health supplements has increased significantly during the pandemic period, as consumers hoped that these products might provide some protection from SARS-CoV-2 infection and for those who develop COVID-19, help reduce disease severity. Moreover, dietary supplements such as vitamins C and D and zinc have been known to boost the immune system and reduce the risk of respiratory infection. With SARS-CoV-2 being a respiratory infection, these nutrients have been prescribed and advised by health care professionals since the beginning of the pandemic.
