Dietary supplements are products meant to supplement the diet that contain one or more dietary ingredients like vitamins, minerals, herbs, or amino acids. They help consumers meet their daily nutritional needs and also promote general wellness. With increasing health issues like obesity, diabetes, and cardiovascular diseases, people are more conscious about their health and fitness. The growing awareness about preventative healthcare and healthy lifestyles has boosted the demand for dietary supplements.
The global Indonesia Dietary Supplements Market is estimated to be valued at US$ 2192.85 Mn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising health consciousness has accelerated the growth of the dietary supplements market in Indonesia. With the increasing prevalence of chronic diseases and changing lifestyles, consumers are shifting their focus from treatment to prevention. Key players are introducing innovative products fortified with multiple vitamins, minerals, herbs, and other functional ingredients to boost immunity, bone and heart health. Rising disposable income levels have also allowed the middle-income group to spend more on wellness products in Indonesia. The market trend of preventive healthcare through dietary supplements is expected to continue during the forecast period due to growing health awareness.
Segment Analysis
The Indonesia dietary supplements market is dominated by the nutritional supplements sub-segment. Currently it accounts for over 50% of the market share as there is growing consumer awareness about the importance of maintaining good health and fitness. The demand for nutritional supplements is high among general adults as well as athletes and bodybuilders in Indonesia. Products like vitamins, minerals, plant extracts, fatty acids, proteins are widely sold in the country.
Key Takeaways
The global Indonesia Dietary Supplements Market Growth is expected to witness high growth. The market is projected to reach US$ 2192.85 Mn by 2024 from US$ 1655.67 Mn in 2019, expanding at a CAGR of 5.8% during the forecast period.
Regional analysis
The western region of Indonesia currently holds the largest share in the dietary supplements market of the country. Factors such as increasing disposable incomes and growing health consciousness among people are driving sales in this region. However, eastern Indonesia is expected to emerge as the fastest growing regional market during the forecast period supported by rapid urbanization and rising affluence levels in the region.
Key players
Key players operating in the Indonesia dietary supplements market are Siemens Healthineers, Nordion Inc., Lantheus Holdings Inc., GE Healthcare, Curium, Bracco Imaging SpA, Bayer AG, Cardinal Health Inc., and NTP Radioisotopes SOC Ltd. Siemens Healthineers and Nordion Inc. have strong presence across the country while Lantheus Holdings Inc. and GE Healthcare are focusing on expanding their network of distributors to gain higher market shares.
For more insights, read- https://www.ukwebwire.com/indonesia-dietetary-supplements-market/
For more details on the report, Read- https://www.ukwebwire.com/immunology-market-value-demand-analysis-and-forecast/
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