Indonesian Nutritional Supplements Market Report, 2013-2019 & 2023F - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 4, 2019--
The “Indonesia Nutritional Supplements Market Outlook to 2023 - by Vitamins (Single Vitamin and Multi-Vitamin) & Herbal and Standard Dietary Supplements (General Health, Beauty, Digestive, Bone, Heart Health, Memory, Joint), Functional Beverages and Functional Foods” report has been added to ResearchAndMarkets.com’s offering.
Market Overview & Size
Indonesia nutraceutical market was observed in its late growth stage and heading towards maturity from fragmented to consolidated nature. A fundamental shift was observed towards Indonesia health and wellness industry from the treatment of chronic type diseases to preventing chronic diseases in the first place, thereby reducing people’s dependency on various pharmaceutical drugs. Nutraceutical ingredients have positioned itself as a natural and healthy alternative to traditional medicine in the country. Indonesia nutraceutical market grew at a single-digit growth rate over the review period 2013-18.
Future Market Outlook
Indonesia functional foods market is expected to showcase noteworthy growth over the forecasted period 2018-2023. It will continue leading the Indonesia nutraceutical market since Indonesians have resorted to change in their diet patterns to prevent fatal diseases like CHD, cancer, stroke, diabetes and others. Baby food is expected to remain the market leader in functional foods.
Indonesia functional beverages are expected to remain a market follower by the year ending 2023, showcasing a single digit compounded annual growth rate over the forecast period 2018-2023E. Soft Drinks will be leading the functional beverages market by capturing more than half of the market share in the year 2023 and among soft drinks, sports drink will be the biggest revenue generator. It is expected that local players like Mayora Indah will grow in the near future.
Indonesia vitamins and dietary supplements market is expected to capture the lowest market share among all the three categories in the nutraceutical market in the year 2023. Standard Vitamins and Dietary Supplements will be leading the market by capturing approximately three fourth of the market by the end of the year 2023 but it is expected that the market for herbal vitamin and dietary supplements will be growing in the near future.
Vitamins are expected to lead the vitamins and dietary supplements and the Pediatric Vitamins and Dietary Supplements are expected to capture one-fourth of the total market while Tonics will have the least market share in the year 2023. Single Vitamins will be leading the market by capturing more than half of the total Vitamins market in the year 2023.
Indonesia functional foods market is moderately concentrated in nature owing to the presence of international as well as domestic local manufacturers in this segment. Some of the major players operating within the country’s functional foods market include Danone Group, Nestle, Royal Friesland Campina, Indofood Sukses Makmur, and others. The top five companies accounted for more than half of the revenue generated in 2018.
The Functional Beverages Market in Indonesia is mildly fragmented with the top 10 players accounting for more than three fourth of the market revenue. The market is led by multinationals, the dominance was due to their heavy investments in promotions. There were 7 major players in the Functional Beverages Market: Amerta Indah Otsuka, Nestle Indonesia, TC Pharmaceutical Industry, Danone Group, Royal FrieslandCampina, Mayora Indah, and Indofood Sukses Makmur.
Indonesia V&D supplements market was witnessed to be moderately fragmented. Some key players active in the market include Bayer, Kalbe Farma, Tempo Scan Pacific, Sido Muncul, Soho Industri Pharmasi, Darya-Varia Group, Citra Nusa Insan Cemerlang, K-Link International, and many others.
Trends & Developments
Issues & Challenges
List of Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/e0krsg
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KEYWORD: INDONESIA ASIA PACIFIC
INDUSTRY KEYWORD: RETAIL FITNESS & NUTRITION HEALTH FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/04/2019 06:08 AM/DISC: 11/04/2019 06:08 AM