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| Dietary Supplements Market |
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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